Previously Known As : Jm Tax Gain Fund
Jm Elss Tax Saver Fund Datagrid
Category ELSS (Tax Saving) Fund
BMSMONEY Rank 12
Rating
Growth Option 12-02-2026
NAV ₹48.7(R) -0.52% ₹56.04(D) -0.51%
Returns 1Y 3Y 5Y 7Y 10Y
Lumpsum Regular 8.73% 19.66% 15.45% 17.46% 17.35%
Direct 10.16% 21.08% 16.67% 18.6% 18.61%
Nifty 500 TRI 14.19% 17.78% 14.76% 16.15% 16.32%
SIP (XIRR) Regular 5.52% 12.15% 14.7% 17.23% 16.18%
Direct 6.95% 13.61% 16.05% 18.5% 17.35%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
0.95 0.48 0.66 2.71% 0.13
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
14.22% -19.45% -20.02% 1.03 10.26%
Fund AUM As on: 30/12/2025 224 Cr
Top ELSS (Tax Saving) Fund
Fund Name Rank Rating
Hdfc Taxsaver 1
Sbi Long Term Equity Fund 2
DSP ELSS Tax Saver Fund 3
Mirae Asset ELSS Tax Saver Fund 4
Baroda BNP Paribas ELSS Tax Saver Fund 5
Whiteoak Capital Elss Tax Saver Fund 6
ICICI Prudential ELSS Tax Saver Fund 7
Edelweiss ELSS Tax saver Fund 8

NAV Date: 12-02-2026

Scheme Name NAV Rupee Change Percent Change
JM ELSS Tax Saver Fund (Regular) - IDCW 48.7
-0.2500
-0.5200%
JM ELSS Tax Saver Fund (Regular) - Growth option 48.7
-0.2500
-0.5200%
JM ELSS Tax Saver Fund (Direct) - IDCW 54.66
-0.2800
-0.5100%
JM ELSS Tax Saver Fund (Direct) - Growth Option 56.04
-0.2900
-0.5100%

Review Date: 12-02-2026

Beginning of Analysis

In the ELSS (Tax Saving) Fund category, JM ELSS Tax Saver Fund is the 15th ranked fund. The category has total 35 funds. The JM ELSS Tax Saver Fund has shown a very good past performence in ELSS (Tax Saving) Fund. The fund has a Jensen Alpha of 2.71% which is higher than the category average of 0.61%. Here the fund has shown very good performance in terms of risk adjusted returns. The fund has a Sharpe Ratio of 0.95 which is higher than the category average of 0.8.
The past performance of the fund may or may not be sustained in the future. The review is not investment advice nor is it a recommendation to buy or sell funds. The ranking is based on proprietary methodology developed by bmsmoney. The methodology is based on the past performance of the funds and does not guarantee future performance.
ELSS (Tax Saving) Mutual Funds are ideal for taxpayers seeking to save taxes under Section 80C while aiming for long-term wealth creation through equity investments. These funds offer a tax deduction of up to ₹1.5 lakh per financial year and have the shortest lock-in period of 3 years among all Section 80C options. However, being equity-oriented, they are subject to market risks and do not offer guaranteed returns. Investors should have a long-term investment horizon and a moderate to high risk tolerance to invest in ELSS funds. Additionally, the tax implications of long-term capital gains should be considered.

JM ELSS Tax Saver Fund Return Analysis

The JM ELSS Tax Saver Fund has delivered a mixed performance across various time horizons, showcasing both strengths and challenges when compared to its ELSS (Tax Saving) Fund peers and the Nifty 500 TRI benchmark. This analysis examines the fund’s returns over periods ranging from one month to ten years, alongside its Systematic Investment Plan (SIP) performance, highlighting its rankings within the ELSS (Tax Saving) Fund category and its ability to outperform or underperform the benchmark and category averages.

  • The fund has given a return of 0.18%, -3.37 and 4.22 in last one, three and six months respectively. In the same period the category average return was 0.91%, -0.86% and 3.93% respectively.
  • JM ELSS Tax Saver Fund has given a return of 10.16% in last one year. In the same period the Nifty 500 TRI return was 14.19%. The fund has given 4.03% less return than the benchmark return.
  • The fund has given a return of 21.08% in last three years and rank 8th out of 38 funds in the category. In the same period the Nifty 500 TRI return was 17.78%. The fund has given 3.3% more return than the benchmark return.
  • JM ELSS Tax Saver Fund has given a return of 16.67% in last five years and category average returns is 15.49% in same period. The fund ranked 11th out of 32 funds in the category. In the same period the Nifty 500 TRI return was 14.76%. The fund has given 1.91% more return than the benchmark return.
  • The fund has given a return of 18.61% in last ten years and ranked 6th out of 27 funds in the category. In the same period the Nifty 500 TRI return was 16.32%. The fund has given 2.29% more return than the benchmark return.
  • The fund has given a SIP return of 6.95% in last one year whereas category average SIP return is 8.6%. The fund one year return rank in the category is 30th in 41 funds
  • The fund has SIP return of 13.61% in last three years and ranks 14th in 38 funds. DSP ELSS Tax Saver Fund has given the highest SIP return (17.02%) in the category in last three years.
  • The fund has SIP return of 16.05% in last five years whereas category average SIP return is 14.42%.

JM ELSS Tax Saver Fund Risk Analysis

  • The fund has a standard deviation of 14.22 and semi deviation of 10.26. The category average standard deviation is 13.02 and semi deviation is 9.55.
  • The fund has a Value at Risk (VaR) of -19.45 and a maximum drawdown of -20.02. The category average VaR is -16.78 and the maximum drawdown is -17.65.

Standard deviation measures the fund's return volatility and Semi deviation focuses on downside volatility. Value at Risk (VaR) is a measure of the risk of investments. Maximum Drawdown is the maximum loss from a peak to a trough of a portfolio. Beta measures the volatility of the fund compared to the benchmark. A beta of 1 indicates that the fund will move in line with the benchmark. A beta of more than 1 indicates that the fund will be more volatile than the benchmark and vice versa.


  • Very Good Performance in ELSS (Tax Saving) Fund Category
  • Good Performance in ELSS (Tax Saving) Fund Category
  • Poor Performance in ELSS (Tax Saving) Fund Category
  • Very Poor Performance in ELSS (Tax Saving) Fund Category

    • Investors beware: Mutual Fund investments are subject to market risks. Please read the scheme related documents carefully.

    Data Source: www.amfiindia.com

    SEBI Categorization


    KPIs* Fund Nifty 500 TRI Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % 0.07 0.69
    0.81
    		-1.10 | 2.89 31 | 40 Poor
    3M Return % -3.70 -0.67
    -1.14
    		-4.64 | 1.55 36 | 40 Poor
    6M Return % 3.52 5.12
    3.30
    		-3.99 | 7.43 22 | 40 Average
    1Y Return % 8.73 14.19
    11.25
    		2.37 | 17.37 31 | 40 Poor
    3Y Return % 19.66 17.78
    16.90
    		7.54 | 24.18 8 | 38 Very Good
    5Y Return % 15.45 14.76
    14.20
    		9.32 | 20.16 11 | 32 Good
    7Y Return % 17.46 16.15
    15.54
    		11.21 | 23.37 8 | 30 Very Good
    10Y Return % 17.35 16.32
    15.61
    		12.12 | 21.10 6 | 26 Very Good
    15Y Return % 14.02 13.17
    13.68
    		11.69 | 15.73 10 | 19 Good
    1Y SIP Return % 5.52
    7.27
    		-2.18 | 13.71 28 | 39 Average
    3Y SIP Return % 12.15
    11.28
    		-0.27 | 16.08 14 | 37 Good
    5Y SIP Return % 14.70
    13.08
    		8.21 | 19.00 5 | 31 Very Good
    7Y SIP Return % 17.23
    15.54
    		10.42 | 21.27 7 | 30 Very Good
    10Y SIP Return % 16.18
    14.67
    		11.00 | 20.20 8 | 26 Good
    15Y SIP Return % 15.89
    14.68
    		12.58 | 19.21 5 | 20 Very Good
    Standard Deviation 14.22
    13.02
    		9.06 | 19.00 32 | 38 Poor
    Semi Deviation 10.26
    9.55
    		6.49 | 14.84 29 | 38 Average
    Max Drawdown % -20.02
    -17.65
    		-28.24 | -9.56 32 | 38 Poor
    VaR 1 Y % -19.45
    -16.78
    		-24.68 | -8.66 31 | 38 Poor
    Average Drawdown % -6.79
    -6.26
    		-10.28 | -3.31 26 | 38 Average
    Sharpe Ratio 0.95
    0.80
    		0.14 | 1.34 8 | 38 Very Good
    Sterling Ratio 0.66
    0.61
    		0.22 | 0.93 12 | 38 Good
    Sortino Ratio 0.48
    0.40
    		0.09 | 0.75 8 | 38 Very Good
    Jensen Alpha % 2.71
    0.61
    		-9.13 | 7.26 9 | 38 Very Good
    Treynor Ratio 0.13
    0.11
    		0.02 | 0.18 9 | 38 Very Good
    Modigliani Square Measure % 18.08
    16.56
    		6.29 | 24.80 11 | 38 Good
    Alpha % 4.06
    -0.07
    		-7.94 | 8.92 5 | 38 Very Good
    Return data last Updated On : Feb. 12, 2026.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Dec. 31, 2025
    KPIs: Key Performance Indicators

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    KPIs* Fund Nifty 500 TRI Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % 0.18 0.69 0.91 -1.01 | 3.00 30 | 41 Average
    3M Return % -3.37 -0.67 -0.86 -4.47 | 1.79 37 | 41 Poor
    6M Return % 4.22 5.12 3.93 -3.40 | 8.30 23 | 41 Average
    1Y Return % 10.16 14.19 12.57 3.01 | 18.40 32 | 41 Average
    3Y Return % 21.08 17.78 18.16 9.08 | 25.02 8 | 38 Very Good
    5Y Return % 16.67 14.76 15.49 10.17 | 21.86 11 | 32 Good
    7Y Return % 18.60 16.15 16.82 12.15 | 25.19 8 | 30 Very Good
    10Y Return % 18.61 16.32 16.74 13.58 | 22.43 6 | 27 Very Good
    1Y SIP Return % 6.95 8.60 -1.53 | 15.61 30 | 41 Average
    3Y SIP Return % 13.61 12.50 1.14 | 17.02 14 | 38 Good
    5Y SIP Return % 16.05 14.42 10.07 | 19.80 5 | 32 Very Good
    7Y SIP Return % 18.50 16.84 12.38 | 23.09 8 | 30 Very Good
    10Y SIP Return % 17.35 15.79 12.13 | 21.79 7 | 27 Very Good
    Standard Deviation 14.22 13.02 9.06 | 19.00 32 | 38 Poor
    Semi Deviation 10.26 9.55 6.49 | 14.84 29 | 38 Average
    Max Drawdown % -20.02 -17.65 -28.24 | -9.56 32 | 38 Poor
    VaR 1 Y % -19.45 -16.78 -24.68 | -8.66 31 | 38 Poor
    Average Drawdown % -6.79 -6.26 -10.28 | -3.31 26 | 38 Average
    Sharpe Ratio 0.95 0.80 0.14 | 1.34 8 | 38 Very Good
    Sterling Ratio 0.66 0.61 0.22 | 0.93 12 | 38 Good
    Sortino Ratio 0.48 0.40 0.09 | 0.75 8 | 38 Very Good
    Jensen Alpha % 2.71 0.61 -9.13 | 7.26 9 | 38 Very Good
    Treynor Ratio 0.13 0.11 0.02 | 0.18 9 | 38 Very Good
    Modigliani Square Measure % 18.08 16.56 6.29 | 24.80 11 | 38 Good
    Alpha % 4.06 -0.07 -7.94 | 8.92 5 | 38 Very Good
    Return data last Updated On : Feb. 12, 2026.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Dec. 31, 2025
    KPIs: Key Performance Indicators

    Disclaimer: Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Returns for periods above 1 year are annualised.


    Date Jm Elss Tax Saver Fund NAV Regular Growth Jm Elss Tax Saver Fund NAV Direct Growth
    12-02-2026 48.7028 56.0428
    11-02-2026 48.9554 56.3315
    10-02-2026 48.9893 56.3684
    09-02-2026 48.8323 56.1855
    06-02-2026 48.1672 55.4142
    05-02-2026 48.0827 55.3149
    04-02-2026 48.3219 55.588
    03-02-2026 47.9711 55.1824
    02-02-2026 46.7412 53.7656
    30-01-2026 47.3441 54.453
    29-01-2026 47.1808 54.2631
    28-01-2026 47.1598 54.237
    27-01-2026 46.5769 53.5646
    23-01-2026 46.6654 53.6584
    22-01-2026 47.4677 54.5789
    21-01-2026 47.1409 54.2012
    20-01-2026 47.5234 54.6388
    19-01-2026 48.5216 55.7845
    16-01-2026 48.8579 56.1648
    14-01-2026 48.7523 56.0393
    13-01-2026 48.7905 56.0811
    12-01-2026 48.6703 55.9408

    Fund Launch Date: 24/Dec/2007
    Fund Category: ELSS (Tax Saving) Fund
    Investment Objective: 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.
    Fund Description: Open Ended Equity ELSS
    Fund Benchmark: S&P BSE 500 Total Return Index Index
    Source: Fund FactSheet

    Disclaimer: NO INVESTMENT ADVICE. The Content is for informational purposes only.