JM Tax Gain Fund (Direct) Payout of Income Distribution cum capital withdrawal

Equity
Direct
Elss (Tax Savings)
JM Tax Gain Fund (Direct) Payout of Income Distribution cum capital withdrawal

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 Gurvinder Wasan, 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 ₹146 Cr worth of assets under management (AUM) as on May 2024 and is less than category average.
  2. The fund has an expense ratio 1.1.

Returns

JM Tax Gain Fund (Direct) Payout of Income Distribution cum capital withdrawal has given a CAGR return of 18.91% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 50.32%, 24.59% and 23.37% respectively.

Holdings

JM Tax Gain Fund (Direct) Payout of Income Distribution cum capital withdrawal has allocated its funds majorly in Cash Equivalent, Industrial, Financial Services, Consumer Cyclical, Basic Materials, Tech, Consumer Defensive, Communication, Real Estate, Health, Utilities. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Larsen & Toubro Ltd, Power Finance Corp Ltd, State Bank of India

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 benefit
Dividends 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) Payout of Income Distribution cum capital withdrawal

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) Payout of Income Distribution cum capital withdrawal of 3 Years

Fund Performance
zero opening, trading, fund transfer fee
2 people have invested ₹ 2.5K in JM Tax Gain Fund (Direct) Payout of Income Distribution cum capital withdrawal in the last three months

Fund Overview

Expense ratio1.13%
Benchmark
S&P BSE 200 India TR INR
AUM₹146 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹500/₹500
Exit Load0%
Lock In3 Years
TurnOver
151.35%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (31-May-24)

  • Equity 99.3%

  • Debt & Cash 0.7%

Small cap
41.4%

Large cap
39%

Mid cap
18.9%

Sector Allocation

May'24

Apr'24

Mar'24

Industrial
23.3%
Financial Services
19.6%
Consumer Cyclical
14.6%
Basic Materials
13.2%
Tech
10%
Consumer Defensive
5.8%
Communication
5.7%
Real Estate
3.4%
Health
2.4%
Utilities
2.1%
All changes are between Mar'24 and May'24

Returns for the month of May

  • Gainers

  • Losers

Gurvinder Wasan
Gurvinder Wasan
Fund Manager of JM Tax Gain Fund (Direct) Payout of Income Distribution cum capital withdrawal, since 1 December 2022
Asit Bhandarkar
Asit Bhandarkar
Fund Manager of JM Tax Gain Fund (Direct) Payout of Income Distribution cum capital withdrawal, since 31 December 2021

JM Tax Gain Fund (Direct) Payout of Income Distribution cum capital withdrawal Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 18.91% since inception which is more than its category average return of 16.46%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.26% in Equity, 0% in Debt and 0.74% in Cash related instruments
AUM size ₹146 Cr

AUM size ₹146 Cr

This fund has AUM of ₹146 Cr which is less than its category average of ₹ 3681 Cr
Expense Ratio 1.13%

Expense Ratio 1.13%

This fund has an expense ratio of 1.13% which is less than its category average expense ratio of 1.46%

Frequently Asked Questions

The current NAV of JM Tax Gain Fund (Direct) Payout of Income Distribution cum capital withdrawal is ₹51.94 as on 14-Jun-2024.
Existing (Absolute + CAGR) as on 14-Jun-2024.
JM Tax Gain Fund (Direct) Payout of Income Distribution cum capital withdrawal
Absolute Returns
CAGR Returns
1 Month Returns
9.6%
9.6%
6 Month Returns
27.1%
27.1%
1 Year Returns
50.32%
50.32%
3 Years Returns
93.41%
24.59%
5 Years Returns
185.8%
23.37%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
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  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
1.13% as on May 2024
₹146 Cr as on May 2024
HDFC Bank Ltd(4.1%), ICICI Bank Ltd(3.91%), Larsen & Toubro Ltd(3.89%), Power Finance Corp Ltd(3.56%), State Bank of India(2.58%) as on May 2024
Industrial(23.1%), Financial Services(19.45%), Consumer Cyclical(14.47%) as on May 2024
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
10.86
4.72
3.23
As on May 2024
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
0.92
0.96
0.99
As on May 2024
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
2.72
1.21
0.84
As on May 2024
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
12.01
13.54
19.74
As on May 2024
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.
Sortino ratio is 2.39 as on May 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.86 as on May 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Gurvinder Wasan, 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%