JM Tax Gain Fund

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

1. JM Tax Gain Fund has ₹226 Cr worth of assets under management (AUM) as on Jan 2026 and is more than category average.
2. The fund has an expense ratio 1.
   

JM Tax Gain Fund has given a CAGR return of 16.80% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 5.74%, 20.92% and 18.69% respectively.

JM Tax Gain Fund has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Tech, Industrial, Health, Basic Materials, Consumer Defensive, Energy, Real Estate, Communication. Its top holdings are HDFC Bank Ltd, Reliance Industries Ltd, Larsen & Toubro Ltd, Maruti Suzuki India Ltd, ICICI Bank 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 of 3 Years