JM Tax Gain Fund Direct Growth
About the Fund
JM Tax Gain Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Asit Bhandarkar, Gurvinder Wasan. The fund could potentially beat inflation in the long-run.
Key Parameters
- JM Tax Gain Fund Direct Growth has ₹161 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
- The fund has an expense ratio 1.1.
Returns
JM Tax Gain Fund Direct Growth has given a CAGR return of 19.42% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 50.51%, 25.27% and 25.71% respectively.
Holdings
JM Tax Gain Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Financial Services, Basic Materials, Consumer Cyclical, Tech, Consumer Defensive, Communication, Real Estate, Health, Utilities. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Larsen & Toubro Ltd, Infosys Ltd, Power Finance Corp Ltd
Taxation
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 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of JM Tax Gain Fund Direct Growth
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 and lockin period
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
INDmoney Rank
Fund Overview
| Expense ratio | 1.13% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹161 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 151.35% |
| Risk |   Very High Risk |
Fund Distributionas on (30-Jun-24)
as on (30-Jun-24)
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 4.08% | 0% | |
 ICICI Bank Ltd | 3.79% | 0% | |
 Larsen & Toubro Ltd | 3.41% | 0% | |
 Infosys Ltd | 2.67% | 22.3% | |
 Power Finance Corp Ltd | 2.63% | -17% |
Returns for the month of Jun
Mutual Fund Insights
JM Tax Gain Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹161 Cr
Expense Ratio 1.13%
Frequently Asked Questions
JM Tax Gain Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.55% | 2.55% |
6 Month Returns | 28.15% | 28.15% |
1 Year Returns | 50.51% | 50.51% |
3 Years Returns | 96.57% | 25.27% |
5 Years Returns | 213.89% | 25.71% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
JM Tax Gain Fund Direct Growth | 9.97 | 5.2 | 3.31 |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
JM Tax Gain Fund Direct Growth | 0.96 | 0.98 | 0.99 |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
JM Tax Gain Fund Direct Growth | 2.72 | 1.31 | 0.92 |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
JM Tax Gain Fund Direct Growth | 13.06 | 14.18 | 19.99 |