Previously Known As : Jm Tax Gain Fund
Jm Elss Tax Saver Fund Datagrid
Category ELSS (Tax Saving) Fund
BMSMONEY Rank 23
Rating
Growth Option 10-03-2026
NAV ₹45.28(R) +1.15% ₹52.16(D) +1.15%
Returns 1Y 3Y 5Y 7Y 10Y
Lumpsum Regular 5.63% 16.8% 13.56% 15.66% 15.91%
Direct 7.03% 18.21% 14.77% 16.79% 17.15%
Nifty 500 TRI 11.29% 16.13% 13.11% 14.45% 14.87%
SIP (XIRR) Regular -8.73% 6.02% 11.2% 14.77% 14.56%
Direct -7.47% 7.44% 12.55% 16.05% 15.73%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
0.83 0.41 0.61 -0.48% -0.37
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
14.58% -19.45% -20.02% 1.08 10.57%
Fund AUM As on: 30/12/2025 224 Cr
Top ELSS (Tax Saving) Fund
Fund Name Rank Rating
SBI ELSS Tax Saver Fund 1
DSP ELSS Tax Saver Fund 2
HDFC ELSS Tax Saver 3
Baroda BNP Paribas ELSS Tax Saver Fund 4
Mirae Asset ELSS Tax Saver Fund 5
HSBC Elss Tax Saver Fund 6
Nippon India ELSS Tax Saver Fund 7
Tata ELSS Fund 8

NAV Date: 10-03-2026

Scheme Name NAV Rupee Change Percent Change
JM ELSS Tax Saver Fund (Regular) - IDCW 45.28
0.5100
1.1500%
JM ELSS Tax Saver Fund (Regular) - Growth option 45.28
0.5100
1.1500%
JM ELSS Tax Saver Fund (Direct) - IDCW 50.87
0.5800
1.1500%
JM ELSS Tax Saver Fund (Direct) - Growth Option 52.16
0.5900
1.1500%

Review Date: 10-03-2026

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 -0.48% which is lower than the category average of -1.0%, showing poor performance. The fund has a Sharpe Ratio of 0.83 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 -7.47%, -8.17 and -6.98 in last one, three and six months respectively. In the same period the category average return was -5.95%, -4.76% and -3.99% respectively.
  • JM ELSS Tax Saver Fund has given a return of 7.03% in last one year. In the same period the Nifty 500 TRI return was 11.29%. The fund has given 4.26% less return than the benchmark return.
  • The fund has given a return of 18.21% in last three years and rank 9th out of thirty eight funds in the category. In the same period the Nifty 500 TRI return was 16.13%. The fund has given 2.08% more return than the benchmark return.
  • JM ELSS Tax Saver Fund has given a return of 14.77% in last five years and category average returns is 13.83% in same period. The fund ranked 11th out of thirty two funds in the category. In the same period the Nifty 500 TRI return was 13.11%. The fund has given 1.66% more return than the benchmark return.
  • The fund has given a return of 17.15% in last ten years and ranked 6th out of twenty seven funds in the category. In the same period the Nifty 500 TRI return was 14.87%. The fund has given 2.28% more return than the benchmark return.
  • The fund has given a SIP return of -7.47% in last one year whereas category average SIP return is -3.65%. The fund one year return rank in the category is 34th in 42 funds
  • The fund has SIP return of 7.44% in last three years and ranks 20th in 38 funds. SBI ELSS Tax Saver Fund has given the highest SIP return (11.49%) in the category in last three years.
  • The fund has SIP return of 12.55% in last five years whereas category average SIP return is 11.55%.

JM ELSS Tax Saver Fund Risk Analysis

  • The fund has a standard deviation of 14.58 and semi deviation of 10.57. The category average standard deviation is 12.95 and semi deviation is 9.5.
  • The fund has a Value at Risk (VaR) of -19.45 and a maximum drawdown of -20.02. The category average VaR is -16.62 and the maximum drawdown is -17.56.

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 % -7.56 -5.90
    -6.03
    		-7.64 | -3.66 40 | 41 Poor
    3M Return % -8.47 -4.43
    -5.04
    		-8.47 | -0.89 41 | 41 Poor
    6M Return % -7.60 -2.92
    -4.56
    		-10.98 | -0.15 34 | 41 Poor
    1Y Return % 5.63 11.29
    8.52
    		1.97 | 13.57 34 | 41 Poor
    3Y Return % 16.80 16.13
    15.09
    		5.56 | 21.87 11 | 38 Good
    5Y Return % 13.56 13.11
    12.56
    		7.90 | 17.89 11 | 32 Good
    7Y Return % 15.66 14.45
    13.84
    		9.61 | 21.46 7 | 30 Very Good
    10Y Return % 15.91 14.87
    14.33
    		11.22 | 20.13 6 | 26 Very Good
    15Y Return % 13.66 12.72
    13.30
    		11.32 | 15.28 9 | 19 Good
    1Y SIP Return % -8.73
    -4.82
    		-13.34 | 1.04 33 | 41 Average
    3Y SIP Return % 6.02
    6.36
    		-4.04 | 10.71 23 | 38 Average
    5Y SIP Return % 11.20
    10.28
    		5.45 | 15.99 8 | 32 Very Good
    7Y SIP Return % 14.77
    13.54
    		8.44 | 19.24 10 | 30 Good
    10Y SIP Return % 14.56
    13.35
    		9.76 | 18.91 9 | 26 Good
    15Y SIP Return % 14.95
    13.90
    		11.75 | 18.51 6 | 20 Good
    Standard Deviation 14.58
    12.95
    		9.59 | 19.13 32 | 38 Poor
    Semi Deviation 10.57
    9.50
    		6.93 | 14.90 32 | 38 Poor
    Max Drawdown % -20.02
    -17.56
    		-28.24 | -9.56 32 | 38 Poor
    VaR 1 Y % -19.45
    -16.62
    		-24.68 | -10.33 31 | 38 Poor
    Average Drawdown % -6.21
    -5.73
    		-10.61 | -3.44 29 | 38 Average
    Sharpe Ratio 0.83
    0.80
    		0.06 | 1.35 16 | 38 Good
    Sterling Ratio 0.61
    0.61
    		0.18 | 0.94 15 | 38 Good
    Sortino Ratio 0.41
    0.40
    		0.06 | 0.76 14 | 38 Good
    Jensen Alpha % -0.48
    -1.00
    		-12.52 | 5.83 15 | 37 Good
    Treynor Ratio -0.37
    -0.43
    		-0.60 | -0.31 6 | 37 Very Good
    Modigliani Square Measure % 16.78
    16.41
    		6.57 | 23.81 16 | 37 Good
    Alpha % 1.25
    -1.29
    		-10.64 | 7.62 7 | 37 Very Good
    Return data last Updated On : March 10, 2026.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Feb. 27, 2026
    KPIs: Key Performance Indicators

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    KPIs* Fund Nifty 500 TRI Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % -7.47 -5.90 -5.95 -7.56 | -3.57 41 | 42 Poor
    3M Return % -8.17 -4.43 -4.76 -8.21 | -0.59 41 | 42 Poor
    6M Return % -6.98 -2.92 -3.99 -10.47 | 0.39 36 | 42 Poor
    1Y Return % 7.03 11.29 9.83 2.59 | 15.45 35 | 42 Poor
    3Y Return % 18.21 16.13 16.34 7.09 | 22.75 9 | 38 Very Good
    5Y Return % 14.77 13.11 13.83 8.74 | 19.54 11 | 32 Good
    7Y Return % 16.79 14.45 15.10 10.53 | 23.26 7 | 30 Very Good
    10Y Return % 17.15 14.87 15.44 12.30 | 21.45 6 | 27 Very Good
    1Y SIP Return % -7.47 -3.65 -12.31 | 2.34 34 | 42 Poor
    3Y SIP Return % 7.44 7.57 -2.59 | 11.49 20 | 38 Good
    5Y SIP Return % 12.55 11.55 7.29 | 16.78 9 | 32 Good
    7Y SIP Return % 16.05 14.84 10.40 | 21.04 8 | 30 Very Good
    10Y SIP Return % 15.73 14.47 10.69 | 20.50 8 | 27 Good
    Standard Deviation 14.58 12.95 9.59 | 19.13 32 | 38 Poor
    Semi Deviation 10.57 9.50 6.93 | 14.90 32 | 38 Poor
    Max Drawdown % -20.02 -17.56 -28.24 | -9.56 32 | 38 Poor
    VaR 1 Y % -19.45 -16.62 -24.68 | -10.33 31 | 38 Poor
    Average Drawdown % -6.21 -5.73 -10.61 | -3.44 29 | 38 Average
    Sharpe Ratio 0.83 0.80 0.06 | 1.35 16 | 38 Good
    Sterling Ratio 0.61 0.61 0.18 | 0.94 15 | 38 Good
    Sortino Ratio 0.41 0.40 0.06 | 0.76 14 | 38 Good
    Jensen Alpha % -0.48 -1.00 -12.52 | 5.83 15 | 37 Good
    Treynor Ratio -0.37 -0.43 -0.60 | -0.31 6 | 37 Very Good
    Modigliani Square Measure % 16.78 16.41 6.57 | 23.81 16 | 37 Good
    Alpha % 1.25 -1.29 -10.64 | 7.62 7 | 37 Very Good
    Return data last Updated On : March 10, 2026.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Feb. 27, 2026
    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
    10-03-2026 45.2838 52.1591
    09-03-2026 44.7702 51.5656
    06-03-2026 45.7216 52.6555
    05-03-2026 46.0165 52.9932
    04-03-2026 45.3686 52.2451
    02-03-2026 46.3175 53.3338
    27-02-2026 47.196 54.3394
    26-02-2026 47.8043 55.0377
    25-02-2026 47.6485 54.8562
    24-02-2026 47.4809 54.6612
    23-02-2026 48.074 55.342
    20-02-2026 47.9166 55.1546
    19-02-2026 47.9044 55.1385
    18-02-2026 48.6406 55.9838
    17-02-2026 48.3427 55.6388
    16-02-2026 48.0399 55.2883
    13-02-2026 47.8458 55.0587
    12-02-2026 48.7028 56.0428
    11-02-2026 48.9554 56.3315
    10-02-2026 48.9893 56.3684

    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.