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This Tax Gain Fund (ELSS) Has Given 71.55% Returns In 3-Years Lock-In Period

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If you are looking for tax savings but also want to invest in a mutual fund, ELSS or Equity-Linked Saving Scheme is a good option for you. ELSS funds are a tax saver fund, a kind of mutual fund. Investing in ELSS gives both wealth growth and tax benefits. In this article, we have analysed an ELSS that has given good returns over since its launch. Check out returns and portfolio.

 

JM Tax Gain Fund - Direct Plan-Growth

JM Tax Gain Fund - Direct Plan-Growth

Launched on 31st March 2008 by the JM Financial Mutual Fund. It is an open-ended tax saver ELSS fund. This fund's Asset under Management is stood at Rs 63.95 Crore, whereas, the NAV of this fund is Rs 31.6214. It has an expense ratio of 1.61%, which is higher than its category average returns. 

It is a highly risky fund, however, it has given average performance among its peer funds. Also, it is rated 3-star by the rating agency CRISIL. As the fund is a tax saver ELSS fund, it comes with 3 year lock-in period, and investors can also claim up to INR 1.5 lakh as tax deduction benefits. For SIP or lump-sum investment in this fund, the minimum amount required is 500 for both. 

Investors wishing to invest for at least three years and receive extra benefits such as income tax savings in addition to greater expected profits might consider this programme.

Absolute And Annualised Returns
 

Absolute And Annualised Returns

Lump-Sum Investment Returns

Since its launch, it has delivered 17.28% average annual returns.

Investment PeriodAbsolute ReturnsAnnualised Returns
1 Year25.18%25.18%
2 Year130.98%51.72%
3 Year71.55%19.67%
5 Year109.94%15.98%
Since Inception337.91%17.28%

SIP Returns

SIP PeriodAbsolute ReturnsAnnualised Returns
1 Year8.44%16.02%
2 Year37.03%33.60%
3 Year47.00%26.69%
5 Year62.95%19.61%
Portfolio

Portfolio

The fund is invested in Indian equities to the tune of 95.74 per cent, with 64.86 per cent in large-cap stocks, 18.05 per cent in mid-cap stocks, and 6.73 per cent in small-cap stocks.

The financial, technology, automobile, capital goods, and materials sectors account for the majority of the fund's holdings. In comparison to other funds in the category, it has less exposure to the Financial and Technology industries.

Infosys Ltd., HDFC Bank Ltd., Larsen & Toubro Ltd., Tech Mahindra Ltd., and State Bank of India are the fund's top five holdings.

Disclaimer

Mutual fund investments are subject to market risk. Read all scheme-related documents, and Terms and Conditions carefully before investing. The above-mentioned information is purely informational and doesn't guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.

Read more about: mutual funds mutual fund sip elss
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