JM Tax Gain Fund (Direct) Payout of Income Distribution cum capital withdrawal
Equity
Direct
Elss (Tax Savings)
NAV: ₹ 45.21 as on 18-04-2024
Fund Performance
9 people have invested ₹ 8.5K in JM Tax Gain Fund (Direct) Payout of Income Distribution cum capital withdrawal in the last three months
About the JM Tax Gain Fund (Direct) Payout of Income Distribution cum capital withdrawal
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
- JM Tax Gain Fund (Direct) Payout of Income Distribution cum capital withdrawal has ₹128 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
- The fund has an expense ratio 0.9.
JM Tax Gain Fund (Direct) Payout of Income Distribution cum capital withdrawal Overview
 | 0.92% |
 Benchmark | S&P BSE 200 India TR INR |
 | ₹128 Cr |
 | 1 January, 2013 |
 | ₹500/₹500 |
 | 0% |
 | 3 Years |
 TurnOver | 151.35% |
JM Tax Gain Fund (Direct) Payout of Income Distribution cum capital withdrawal Distribution as on (31-Mar-24)
Size breakup
Large cap
43.1%
Small cap
31%
Mid cap
20.7%
Sector Allocation
Financial Services
23.2%
Industrial
19.4%
Tech
13.5%
Consumer Cyclical
12.4%
Basic Materials
9.7%
Communication
6.3%
Consumer Defensive
5.2%
Utilities
4.1%
Real Estate
3.4%
Health
2.8%
Top Holdings of JM Tax Gain Fund (Direct) Payout of Income Distribution cum capital withdrawal as on (31-Mar-24)
Equity Holdings48
JM Tax Gain Fund (Direct) Payout of Income Distribution cum capital withdrawal: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at -0.09% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.47% as on Mar'24
- This fund outperformed Nifty 500 by 0.38% in Mar'24
AUM Change
- AUM of the fund stands at 120.6 Cr as of Mar'24
- AUM has remained same between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers in JM Tax Gain Fund (Direct) Payout of Income Distribution cum capital withdrawal portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Thermax Ltd | 25.2% |
 Schneider Electric Infrastructure Ltd | 23.9% |
 Hitachi Energy India Ltd | 15.3% |
Peer Analysis
JM Tax Gain Fund (Direct) Payout of Income Distribution cum capital withdrawal Fund Manager
Gurvinder Wasan
Fund Manager of JM Tax Gain Fund (Direct) Payout of Income Distribution cum capital withdrawal, since 1 December 2022
Top funds managed
Asit Bhandarkar
Fund Manager of JM Tax Gain Fund (Direct) Payout of Income Distribution cum capital withdrawal, since 31 December 2021
Top funds managed
JM Tax Gain Fund (Direct) Payout of Income Distribution cum capital withdrawal 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 17.74% since inception which is more than its category average return of 15.54%
Fund Allocations
This fund has an allocation of 97.07% in Equity, 0% in Debt and 2.93% in Cash related instruments
AUM size ₹128 Cr
This fund has AUM of ₹128 Cr which is less than its category average of ₹ 3525 Cr
Expense Ratio 0.92%
This fund has an expense ratio of 0.92% which is less than its category average expense ratio of 1.48%
Frequently Asked Questions
The current NAV of JM Tax Gain Fund (Direct) Payout of Income Distribution cum capital withdrawal is ₹45.21 as on 18-Apr-2024.
Existing (Absolute + CAGR) as on 18-Apr-2024.
JM Tax Gain Fund (Direct) Payout of Income Distribution cum capital withdrawal | Absolute Returns | CAGR Returns |
1 Month Returns | 5.81% | 5.81% |
6 Month Returns | 20.04% | 20.04% |
1 Year Returns | 47.31% | 47.31% |
3 Years Returns | 84.3% | 22.6% |
5 Years Returns | 152.24% | 20.33% |
With INDmoney, the process of investing is very simple and involves zero commission.
- 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.
0.92% as on March 2024
₹128 Cr as on March 2024
HDFC Bank Ltd(5.23%), ICICI Bank Ltd(5.21%), Larsen & Toubro Ltd(4.56%), Infosys Ltd(4.01%), Tata Motors Ltd Class A(2.96%) as on March 2024
Financial Services(22.56%), Industrial(18.83%), Tech(13.07%) as on March 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 | 7.98 | 2.66 | 2.54 |
As on March 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 | 0.87 | 0.94 | 0.98 |
As on March 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 | 2.93 | 1.14 | 0.78 |
As on March 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 | 11.02 | 13.32 | 19.56 |
As on March 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 2.22 as on March 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.42 as on March 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%