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JM ELSS Tax Saver Fund - Direct (IDCW)

ELSS
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  • NAV

    54.57(0.91%)

  • Fund Size (CR)

    ₹183.48

  • Expense Ratio

    1.27

  • Scheme Type

    Active Fund

  • Value Research

  • Min. investment

    ₹500

  • Minimum Additional Investment

    ₹500

  • Minimum SIP Investment

    ₹500

  • Minimum Withdrawal

    ₹0

  • Exit Load 1.00% - If redeemed / switched out within 60 days from the date of allotment. Nil - If redeemed/switched out after 60 days from the date of allotment.

    1%

  • Return Since Launch

    18.24%
  • 3M
  • 6M
  • 1Y
  • 3Y
  • All
Absolute Return: -5.93%
Annualized Return: 0% [object Object]

Basic Details

Scheme Manager

Chaitanya Choksi

Bench Mark

BSE 500 TRI

Type

OPEN

Lumpsum Returns

Period Invested For₹10,000 Invested onLatest ValueAbsolute ReturnsAnnualised ReturnsCategory AvgRank within Category
1 Week 23 December 202410017.310.17%--0.06%47/225
1 Month29 November 20249930.84-0.69%--0.77%81/225
3 Month30 September 20249328.17-6.72%--5.39%164/225
6 Month28 June 202410144.461.44%-1.74%104/225
1 Year29 December 202313032.0230.32%30.32%20.44%17/225
3 Year30 December 202117673.4276.73%20.90%17.31%38/215
5 Year30 December 201927612.02176.12%22.52%21.38%75/215
Since Inception2 January 201374708.07647.08%18.24%16.83%65/225

Note: Lumpsum Returns since Inception Date.

SIP Returns

Period Invested For₹10,000 Invested onInvestmentsLatest ValueAbsolute ReturnsAnnualised Returns
1 Year1 January 20241,30,000141221.928.63% 8.63%
3 Year3 January 20223,70,000553792.3049.67% 14.39%
5 Year1 January 20206,10,0001171626.3992.07% 13.94%
10 Year1 January 201512,10,0003456789.84185.69% 11.07%

Note: SIP Returns since Inception Date.

Tax Treatment

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.

Mutual Funds Calculator

  • Investment type
  • Scheme based
  • SIP
  • Lumpsum

Monthly Investment (₹)

Expected Returns Rate (%)

Time Period (in Years)

Start your SIP now

  • Invested Amount

    ₹25,000

  • Estimated Returns

    ₹19,059

76%

Returns

Future value of your investment

₹44,059

Risk Ratios

4.15%

Standard Deviation

1.00%

Beta

0.97%

Sharpe Ratio

0.12%

Treynor's Ratio

8.72%

Jension's Alpha

Asset Allocation

Sector Allocation

Top 10 stock holding in portfolio

Stock Invested in% of Total HoldingsQuantityValue (Cr)Asset TypeSegment
HDFC Bank5.40%551319.90EquityBanks
Infosys4.91%484659.00EquityIT - Software
ICICI Bank3.97%559757.28EquityBanks
St Bk of India3.33%729006.12EquityBanks
Larsen & Toubro2.93%144475.38EquityInfrastructure Developers & Operators
Bharti Airtel2.72%307005.00EquityTelecomm-Service
Bajaj Auto2.49%50504.56EquityAutomobile
Tech Mahindra2.47%265004.54EquityIT - Software
Mrs Bectors2.12%214073.88EquityFMCG
Power Fin.Corpn.2.10%776253.84EquityFinance

Peer Comparison

Scheme NameValue ResearchAsset Size (Cr)1M3M6M1Y3Y
JM ELSS Tax Saver Fund - Direct (IDCW)
183.48-0.69%-6.72%1.44%30.32%20.90%
Motilal Oswal ELSS Tax Saver Fund-Dir (IDCW)
4186.933.08%1.24%14.69%48.32%29.04%
Motilal Oswal ELSS Tax Saver Fund-Dir (G)
4186.933.08%1.24%14.69%48.32%29.04%
SBI Long Term Advantage Fund - Series V -Dir (G)
369.13-0.71%-1.23%14.03%43.06%20.04%
SBI Long Term Advantage Fund-Series V -Dir (IDCW)
369.13-0.71%-1.23%14.03%43.06%20.04%
HSBC Tax Saver Equity Fund - Direct (G)
260.160.74%1.61%11.59%33.87%20.18%

News

  • JM MF announces change in Fund Manager of the following schemes

    JM Mutual Fund has announced change in Fund Managers of the following schemes with effect from: 05 November 2024

    Change in Fund Managers of the Schemes:

    Scheme Name Fund Manager Co-Fund Managers
    JM Overnight Fund Mr. Killol Pandya Ms. Naghma Khoja
    Ms. Ruchi Fozdar
    JM Liquid Fund Mr. Killol Pandya Ms. Naghma Khoja
    Ms. Ruchi Fozdar
    JM Short Duration Fund Mr. Killol Pandya Ms. Naghma Khoja
    Ms. Ruchi Fozdar
    JM Dynamic Bond Fund Mr. Killol Pandya Ms. Naghma Khoja
    Ms. Ruchi Fozdar
    JM Low Duration Fund Mr. Killol Pandya Ms. Naghma Khoja
    Ms. Ruchi Fozdar
    JM Medium to Long Duration Fund Mr. Killol Pandya Ms. Naghma Khoja
    Ms. Ruchi Fozdar

    Powered by Capital Market - Live News

  • JM Financial Mutual Fund announces change in Key Personnel

    JM Financial Mutual Fund has announced that Mr. Rahul Sanghvi has been appointed as a Fund Manager on the Board of JM Financial Management Company Ltd. effective October 23, 2024.

    Details of Mr. Rahul Sanghvi

    Age: 50 years

    Designation: Additional Director

    Qualification: BA HONS - Political Science

    Powered by Capital Market - Live News

Fund House Details & Investment Objective

Date of Incorporation

1 January 2013

Total AUM (Cr)

₹183.48

JM ELSS Tax Saver Fund - Direct (IDCW) is an ELSS-oriented fund from the renowned AMC, JM Financial Mutual Fund. Launched in 1 January 2013, this fund is managed by Chaitanya Choksi. With assets under management (AUM) worth ₹183.48 (Cr), as of 1 January 2025, JM ELSS Tax Saver Fund - Direct (IDCW) is categorized as a ELSS within its segment. The fund has generated a return of 18.24% since its launch.
The current NAV of JM ELSS Tax Saver Fund - Direct (IDCW) is ₹54.57, as on 1 January 2025. The fund's benchmark index is BSE 500 TRI. You can invest in JM ELSS Tax Saver Fund - Direct (IDCW) via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹500 while the minimum lumpsum investment is ₹500.

Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
1.00% - If redeemed / switched out within 60 days from the date of allotment. Nil - If redeemed/switched out after 60 days from the date of allotment. The fund has generated 20.90% and 22.52% CAGR in the last 3 and 5 years respectively.

The fund aims to provide long-term capital appreciation and growth, by investing in a mix of financial instruments 99.45% in Equity, 0.99% in Debt and -0.44% in cash and cash equivalents.
The top 5 sectors the fund invests in are: 14.84% in Banks, 8.96% in IT-Software, 7.62% in Consumer Durables, 7.21% in Pharmaceuticals & Biotech, 6.28% in Chemicals & Petrochemical

FAQs

How to Invest in JM ELSS Tax Saver Fund - Direct (IDCW) Direct Growth?

JM ELSS Tax Saver Fund - Direct (IDCW) is a popular fund in the ELSS segment. The fund has generated a return of 18.24% since inception. Looking to invest in JM ELSS Tax Saver Fund - Direct (IDCW) How about earning 1% extra return? All this is possible with m.Stock! Investing in JM ELSS Tax Saver Fund - Direct (IDCW) is super easy and convenient with m.Stock. Here’s how you can begin:

  • Login to your m.Stock account. If you do not have an account, open m.Stock Demat account and enjoy 1% extra returns plus Zero Brokerage across products for life.
  • In the ‘Menu’ section, under ‘Products’, select ‘Mutual Funds’ .
  • In the search bar, enter the fund name, in this case, JM ELSS Tax Saver Fund - Direct (IDCW)
  • On the top right corner you’ll see two options – Lumpsum and SIP. You can choose either based on your risk appetite and available investible corpus.
  • If you choose to invest a Lumpsum: Enter amount, select payment mode (UPI or Netbanking), and click on ‘invest a lumpsum’. Make the payment and your lumpsum investment is complete.
  • If you choose the SIP route, then enter SIP amount, SIP date, and set up ‘Autopay’ facility.

So, why wait? Invest in JM ELSS Tax Saver Fund - Direct (IDCW) today and reap the benefits of this ELSS fund!

How much returns has JM ELSS Tax Saver Fund - Direct (IDCW) Direct Growth generated?

In the short term, i.e., 1 year, JM ELSS Tax Saver Fund - Direct (IDCW) has generated annualised return of 30.32%. In the long-term, the fund has generated 20.90% and 22.52% in 3 and 5 years respectively. Since its inception, the fund has generated 18.24% returns.

What is the expense ratio of JM ELSS Tax Saver Fund - Direct (IDCW) Direct Growth?

The expense ratio of JM ELSS Tax Saver Fund - Direct (IDCW) Direct Growth is 1.27%. Expense ratio is the fees payable by investors of the scheme towards management, research and overall upkeep of the fund. The higher the expense ratio, the lower is the in-hand return for the investor. Expense ratio for direct plans is lower than regular plans, making them ideal for investors.

What is the AUM of JM ELSS Tax Saver Fund - Direct (IDCW) Fund Direct Growth?

The Assets Under Management (AUM) of JM ELSS Tax Saver Fund - Direct (IDCW) is ₹183.48 (Cr) as of 2025-01-01 AUM shows the fund’s popularity and is often indicative of fund strength.

How to redeem or withdraw money from JM ELSS Tax Saver Fund - Direct (IDCW) Direct Growth?

Redeeming or selling units of JM ELSS Tax Saver Fund - Direct (IDCW) is relatively simple. But before you redeem, ensure that the fund has completed the minimum lock-in period else you will be charged an exit load.


To redeem from JM ELSS Tax Saver Fund - Direct (IDCW):
  • Login to your m.Stock account
  • In portfolio, your mutual fund investments will be visible under ‘MF’
  • Select the fund you wish to redeem from (in this case JM ELSS Tax Saver Fund - Direct (IDCW)).
  • Click on ‘Redeem’ button
  • You have 2 options – redeem by units and redeem by value (you can only redeem free units)
  • Select units to be redeemed and click on submit.
  • Redemption value will be credited to your account in 2-3 working days (as per timelines set by SEBI).
Note : Securities shown above are only for illustrative purposes and not recommendatory in nature. The data represents best/cumulative figures till date.