Overview
JM ELSS Tax Saver Fund Direct Plan Growth
JM Financial Mutual Fund
The scheme aims at achieving long term growth of capital along with income tax relief for investment. At least 80% of the funds will be invested in equity instruments.
Investments in JM ELSS Tax Saver Fund Direct Plan Growth are subject to market risks. Please read the offer document carefully before investing to understand the potential market risks and rewards.
Latest NAV
₹ 52.0141
Fund Size (AUM)
₹183.63 Cr
Risk
Very High (Risk rating: 6/10)
Minimum Investment
Lumpsum: ₹ 500
SIP: ₹500
Launch Date
01-Jan-2013
Expense Ratio
1.03%
Exit Load
Nil
Benchmark
BSE 500 Total Return Index
Standard Deviation
16.09
History
Performance & Ratios
1-Year SIP Return
-9.32%
3-Year SIP Return
19.03%
5-Year SIP Return
20.49%
Mean Return
13.06%
Alpha
3.72
Beta
1.01
Sharpe Ratio
0.72
Sortino Ratio
1.19
Information Ratio
0.63
Returns
| 1Y | 3Y | 5Y | All Time | |
|---|---|---|---|---|
| Fund Returns | 11.96% | 19.45% | 28.27% | 16.92% |
| Category Average | 8.98% | 15.47% | 24.59% | N/A |
| Rank Within Category | 12 | 6 | 8 | N/A |
Holdings (50)
| Company | Sector | Instrument | Assets |
|---|---|---|---|
| ICICI Bank Ltd. | Financial | Equity | 5.73% |
| HDFC Bank Ltd. | Financial | Equity | 4.89% |
| Infosys Ltd. | Technology | Equity | 3.93% |
| Bajaj Auto Ltd. | Automobile | Equity | 3.13% |
| State Bank of India | Financial | Equity | 3.06% |
| Bajaj Finance Ltd. | Financial | Equity | 3.04% |
| Maruti Suzuki India Ltd. | Automobile | Equity | 2.95% |
| Bharti Airtel Ltd. | Communication | Equity | 2.9% |
| Larsen & Toubro Ltd. | Construction | Equity | 2.75% |
| Onesource Specialty Pharma Ltd. | Healthcare | Equity | 2.69% |
Holdings Analysis
Peer Comparison
Peer Comparison
| Fund Name | AUM (₹ Cr) | 1Y Return (%) | 3Y Return (%) | Expense Ratio (%) | Rating |
|---|---|---|---|---|---|
| SBI Long Term Equity Fund Direct Plan Growth | 27730.33 | 10.73 | 23.93 | 0.95 | N/A |
| Motilal Oswal ELSS Tax Saver Fund Direct Growth | 3816.77 | 12.31 | 23.88 | 0.7 | N/A |
| HDFC ELSS Tax Saver Fund Direct Plan Growth | 15555.71 | 17.21 | 22.66 | 1.11 | N/A |
| Parag Parikh ELSS Tax Saver Fund Direct Growth | 4905.72 | 16.5 | 18.89 | 0.63 | N/A |
| Quantum ELSS Tax Saver Fund Direct Growth | 209.18 | 13.07 | 18.26 | 0.89 | N/A |
SIP, STP & SWP Details
Systematic Investment Plan (SIP):
Frequency: Monthly
Min Amount: ₹ 500
Multiplier: 500
Systematic Transfer Plan (STP):
Frequency: MONTHLY
Dates: Any day of the month
Min Amount: ₹ 1000
Min Installments: 6
Systematic Withdrawal Plan (SWP):
Not Available
AMC Details
Asset Management Company
JM Financial Mutual Fund
JM Financial Mutual Fund started their mutual fund on 15/09/1994 and its managing total assets of ₹13,952 Cr. Its ranked at 18 as per total assets at end of 30th Sep 2017. JM Financial Mutual Fund employs robust strategies to manage market risks, but investments remain subject to market risks. Please read the fund’s documentation for detailed risk management policies.
The fund was launched on 15th September 1994 and JM Financial Trustee Company Private Limited acts as the trustee company to JM Financial Mutual Fund.
The main motto of JM Financial is to create wealth for each and every customer. The asset management company wants to be a trusted source to its investors and make them believe that being trustworthy is the most efficient way of generating and long-term business.
The main objectives of the fund is integrity, teamwork, client focus, innovation, implementation and adequate performance. It hosts a bouquet of mutual funds for retail as well as institutional investors and their mission is to mitigate risk, while generating returns over different categories. The professionals aim to scientifically take investment decisions, in order to seek the best possible results.
Launch Date
1994-09-15T00:00:00.566Z
Total AUM
₹ 13432.84 Cr
Address
Office B-8th Floor-Cnergy,Appasaheb Marathe Marg,Prabhadevi, Mumbai 400025
Phone
022-33797777 / 1800-103-8345
Website
Sub Type
Contra
Sub Type Info
Contra funds follow Contrarian strategy which means investing in stocks in contrast to the prevailing sentiment. Minimum investment in equity is 65%.
Tax Impact
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Stamp Duty
0.005% (from July 1st, 2020)
Fund Manager Details
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JM ELSS Tax Saver Fund Direct Plan Growth
JM Financial Mutual Fund
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Frequently Asked Questions
How is the overall rating calculated?
The overall rating for JM ELSS Tax Saver Fund Direct Plan Growth is an aggregate score based on performance metrics (returns over 1, 3, and 5 years), risk-adjusted returns (Sharpe and Sortino ratios), and consistency relative to its category. Ratings are on a scale of 1 to 5, with 5 being the highest.
What are the top stocks of JM ELSS Tax Saver Fund Direct Plan Growth?
The top stocks held by JM ELSS Tax Saver Fund Direct Plan Growth include ICICI Bank Ltd., HDFC Bank Ltd., Infosys Ltd..
Which industries does JM ELSS Tax Saver Fund Direct Plan Growth invest in?
JM ELSS Tax Saver Fund Direct Plan Growth primarily invests in the following industries: Financial, Technology, Automobile.
Who are the fund managers of JM ELSS Tax Saver Fund Direct Plan Growth?
The fund managers of JM ELSS Tax Saver Fund Direct Plan Growth are Satish Ramanathan and Asit Bhandarkar and Deepak Gupta.
How many years has the fund manager been managing JM ELSS Tax Saver Fund Direct Plan Growth?
Satish Ramanathan:
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Asit Bhandarkar:
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Deepak Gupta:
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What is the minimum investment for JM ELSS Tax Saver Fund Direct Plan Growth?
The minimum investment for JM ELSS Tax Saver Fund Direct Plan Growth is ₹500 for lumpsum investments and ₹500 for SIPs.
What are the average 1-year returns for JM ELSS Tax Saver Fund Direct Plan Growth?
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What are the average 3-year returns for JM ELSS Tax Saver Fund Direct Plan Growth?
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What is the expense ratio of JM ELSS Tax Saver Fund Direct Plan Growth, and how does it compare to its category?
The expense ratio of JM ELSS Tax Saver Fund Direct Plan Growth is 1.03%. The average expense ratio for similar funds in the Equity is Calculating....