JM Tax Gain Fund (Direct) Payout of Income Distribution cum capital withdrawal
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Equity
Direct
Elss (Tax Savings)
NAV: ₹ 32.1 as on 07-12-2022
Fund Performance
7 people have invested ₹ 22K in mutual fund in the last three months
Fund Performance
About the Fund
JM Tax Gain Fund (Direct) Payout of Income Distribution cum capital withdrawal is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Chaitanya Choksi, Asit Bhandarkar. The fund could potentially beat inflation in the long-run.
Key parameters
1) JM Tax Gain Fund (Direct) Payout of Income Distribution cum capital withdrawal has a NAV of ₹32.1257 as on 07-12-2022.
2) JM Tax Gain Fund (Direct) Payout of Income Distribution cum capital withdrawal has ₹72 Cr worth of assets under management (AUM) as on 31-10-2022 and is less than category average.
3) The fund has an expense ratio 1.52 %.
Fund Overview
Expense ratio | 1.52% |
Benchmark | S&P BSE 200 India TR INR |
AUM | ₹72 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹500/₹500 |
Exit Load | 0% |
Lock In | 3 Years |
TurnOver | 55.19% |
Fund Distribution
Size breakup
Large cap
67%
Mid cap
27.7%
Small cap
2.8%
Sector Allocation
Financial Services
27%
Industrial
18.6%
Consumer Cyclical
14.4%
Basic Materials
13.1%
Tech
8.3%
Consumer Defensive
5.6%
Health
4.9%
Utilities
3.2%
Energy
3.1%
Communication
1.8%
Top Holdings
Total Holdings45
Equity Holdings43
Debt Holdings2
Holdings | Weight% | Holdings Trend | 1M Change |
|---|---|---|---|
HDFC Bank Ltd | 6.08% | 0% | |
ICICI Bank Ltd | 5.97% | -22.4% | |
Infosys Ltd | 4.97% | -7.9% | |
Larsen & Toubro Ltd | 4.85% | 0% | |
Axis Bank Ltd | 4.13% | 15.9% |
See all
What changed
in last one month
AUM increased by 3.1 Cr in last 1M
Oct'22 return underperformed benchmark
Change in AUM
Oct'22
₹ 72 Cr
Sep'22
₹ 68.9 Cr
Aug'22
₹ 70.4 Cr
Fund Returns vs Benchmark
Oct'22
4.05%
5.37%
Sep'22
-2.22%
-2.51%
Aug'22
3.81%
3.22%
Fund Return
Benchmark Return
Concentration Analysis
Winners & Losers (Oct-22)
Top Growth Drivers | 1M Return |
|---|---|
Axis Bank Ltd | 25.4% |
Larsen & Toubro Ltd | 11.2% |
Infosys Ltd | 10.3% |
Top Losers | 1M Return |
|---|---|
Bandhan Bank Ltd | -8.6% |
SBI Cards & Payment Services Ltd | -6% |
SKF India Ltd | -5.9% |
Peer Analysis
Fund Manager
Chaitanya Choksi
Managing this fund since 25 July 2014
Top funds managed
Asit Bhandarkar
Managing this fund since 31 December 2021
Top funds managed
AMC details
Address
JM Financial Asset Management Private Limited,502, 5th Floor, A - Wing,,Laxmi Towers, Bandra-Kurla Complex,,Bandra-East
Email
Phone
+912261987777
Fund House
JM Financial Asset Management Limited
Fund Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 16.34% since inception which is more than its category average return of 13.77%
Fund Allocations
This fund has an allocation of 97.5% in Equity, 0% in Debt and 2.5% in Cash related instruments
AUM size ₹72 Cr
This fund has AUM of ₹72 Cr which is less than its category average of ₹ 2695 Cr
Expense Ratio 1.52%
This fund has an expense ratio of 1.52% which is less than its category average expense ratio of 1.59%
Frequently Asked Questions
The current NAV of JM Tax Gain Fund (Direct) Payout of Income Distribution cum capital withdrawal is 32.27.
Existing (Absolute + CAGR)
JM Tax Gain Fund (Direct) Payout of Income Distribution cum capital withdrawal | Absolute Returns | CAGR Returns |
1 Month Returns | 3.42% | 3.42% |
6 Month Returns | 13.07% | 13.07% |
1 Year Returns | 4.87% | 4.87% |
3 Years Returns | 68.87% | 19.08% |
5 Years Returns | 92.82% | 14.03% |
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1.52 as on November 2022
72 Cr as on November 2022
HDFC Bank Ltd(6.08%),ICICI Bank Ltd(5.97%),Infosys Ltd(4.97%),Larsen & Toubro Ltd(4.85%),Axis Bank Ltd(4.13%) as on November 2022
Financial Services(26.35%),Industrial(18.11%),Consumer Cyclical(14.04%) as on November 2022
The alpha ratio for the JM Tax Gain Fund (Direct) Payout of Income Distribution cum capital withdrawal for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
JM Tax Gain Fund (Direct) Payout of Income Distribution cum capital withdrawal | -4.26 | -0.26 | 0.53 |
As on month end.
The alpha for JM Tax Gain Fund (Direct) Payout of Income Distribution cum capital withdrawal is calculated against S&P BSE 200 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the JM Tax Gain Fund (Direct) Payout of Income Distribution cum capital withdrawal for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
JM Tax Gain Fund (Direct) Payout of Income Distribution cum capital withdrawal | 0.97 | 0.99 | 1 |
As on month end.
The Beta for JM Tax Gain Fund (Direct) Payout of Income Distribution cum capital withdrawal is calculated with S&P BSE 200 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the JM Tax Gain Fund (Direct) Payout of Income Distribution cum capital withdrawal for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
JM Tax Gain Fund (Direct) Payout of Income Distribution cum capital withdrawal | 0.14 | 0.68 | 0.49 |
As on month end.
The sharpe ratio for JM Tax Gain Fund (Direct) Payout of Income Distribution cum capital withdrawal is calculated with S&P BSE 200 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the JM Tax Gain Fund (Direct) Payout of Income Distribution cum capital withdrawal for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
JM Tax Gain Fund (Direct) Payout of Income Distribution cum capital withdrawal | 15.98 | 23.11 | 20.38 |
As on month end.
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
0.95
Chaitanya Choksi,Asit Bhandarkar are the fund managers of JM Tax Gain Fund (Direct) Payout of Income Distribution cum capital withdrawal
The Exit load of JM Tax Gain Fund (Direct) Payout of Income Distribution cum capital withdrawal is 0%
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Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.