JM Tax Gain Fund Direct Growth

JM Tax Gain Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Deepak Gupta, Asit Bhandarkar, Satish Ramanathan, Ruchi Fozdar. The fund could potentially beat inflation in the long-run.

1. JM Tax Gain Fund Direct Growth has ₹210 Cr worth of assets under management (AUM) as on Sep 2025 and is more than category average.
2. The fund has an expense ratio 1.1.
   

JM Tax Gain Fund Direct Growth has given a CAGR return of 17.71% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of -3.77%, 21.67% and 24.28% respectively.

JM Tax Gain Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Tech, Industrial, Basic Materials, Health, Consumer Defensive, Energy, Communication, Real Estate, Utilities. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Larsen & Toubro Ltd, Reliance Industries Ltd, One97 Communications Ltd

As it is a elss (tax savings) mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

The investment objective is to generate long-term capital growth from a diversified and actively managed portfolio of equity and equity related securities and to enable investors a deduction from total income, as permitted under the Income Tax Act, 1961 from time to time. However, there can be no assurance that the investment objectives of the Scheme will be realized. The Scheme does not guarantee/indicate any returns.

Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. There is a lock in period for JM Tax Gain Fund Direct Growth of 3 Years