Previously Known As : Jm Tax Gain Fund
Jm Elss Tax Saver Fund Datagrid
Category ELSS (Tax Saving) Fund
BMSMONEY Rank 19
Rating
Growth Option 03-07-2026
NAV ₹50.51(R) +0.16% ₹58.43(D) +0.16%
Returns 1Y 3Y 5Y 7Y 10Y
Lumpsum Regular 3.47% 15.75% 14.83% 16.29% 15.71%
Direct 4.85% 17.18% 16.1% 17.45% 16.91%
Nifty 500 TRI 0.02% 13.21% 12.52% 14.43% 13.9%
SIP (XIRR) Regular 9.82% 9.54% 13.81% 16.6% 15.71%
Direct 11.27% 10.97% 15.19% 17.92% 16.89%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
0.52 0.25 0.49 1.08% -0.41
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
16.07% -22.94% -20.02% 1.04 12.08%
Fund AUM As on: 30/12/2025 224 Cr
Top ELSS (Tax Saving) Fund
Fund Name Rank Rating
Motilal Oswal ELSS Tax Saver Fund 1
SBI ELSS Tax Saver Fund 2
Baroda BNP Paribas ELSS Tax Saver Fund 3
Nippon India ELSS Tax Saver Fund 4
HDFC ELSS Tax Saver 5
HSBC Elss Tax Saver Fund 6
Edelweiss ELSS Tax saver Fund 7
DSP ELSS Tax Saver Fund 8

NAV Date: 03-07-2026

Scheme Name NAV Rupee Change Percent Change
JM ELSS Tax Saver Fund (Regular) - IDCW 50.51
0.0800
0.1600%
JM ELSS Tax Saver Fund (Regular) - Growth option 50.51
0.0800
0.1600%
JM ELSS Tax Saver Fund (Direct) - IDCW 56.99
0.0900
0.1600%
JM ELSS Tax Saver Fund (Direct) - Growth Option 58.43
0.0900
0.1600%

Review Date: 03-07-2026

Beginning of Analysis

JM ELSS Tax Saver Fund is the 15th ranked fund in the ELSS (Tax Saving) Fund category. The category has total 35 funds. The 4 star rating shows a very good past performance of the JM ELSS Tax Saver Fund in ELSS (Tax Saving) Fund. The fund has a Jensen Alpha of 1.08% which is higher than the category average of -0.6%. Here the fund has shown very good performance in terms of risk adjusted returns. The fund has a Sharpe Ratio of 0.52 which is higher than the category average of 0.41.
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 5.79%, 16.43 and 1.2 in last one, three and six months respectively. In the same period the category average return was 4.56%, 10.32% and -2.01% respectively.
  • JM ELSS Tax Saver Fund has given a return of 4.85% in last one year. In the same period the Nifty 500 TRI return was 0.02%. The fund has given 4.83% more return than the benchmark return.
  • The fund has given a return of 17.18% in last three years and rank 6th out of thirty nine funds in the category. In the same period the Nifty 500 TRI return was 13.21%. The fund has given 3.97% more return than the benchmark return.
  • JM ELSS Tax Saver Fund has given a return of 16.1% in last five years and category average returns is 13.15% in same period. The fund ranked 5th out of thirty one funds in the category. In the same period the Nifty 500 TRI return was 12.52%. The fund has given 3.58% more return than the benchmark return.
  • The fund has given a return of 16.91% in last ten years and ranked 5th out of twenty six funds in the category. In the same period the Nifty 500 TRI return was 13.9%. The fund has given 3.01% more return than the benchmark return.
  • The fund has given a SIP return of 11.27% in last one year whereas category average SIP return is 3.78%. The fund one year return rank in the category is 4th in 41 funds
  • The fund has SIP return of 10.97% in last three years and ranks 6th in 39 funds. Motilal Oswal ELSS Tax Saver Fund has given the highest SIP return (16.29%) in the category in last three years.
  • The fund has SIP return of 15.19% in last five years whereas category average SIP return is 11.95%.

JM ELSS Tax Saver Fund Risk Analysis

  • The fund has a standard deviation of 16.07 and semi deviation of 12.08. The category average standard deviation is 14.7 and semi deviation is 11.3.
  • The fund has a Value at Risk (VaR) of -22.94 and a maximum drawdown of -20.02. The category average VaR is -22.52 and the maximum drawdown is -18.15.

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 % 5.67 4.02
    4.49
    		2.03 | 8.13 6 | 40 Very Good
    3M Return % 16.06 10.33
    10.01
    		3.86 | 18.12 4 | 40 Very Good
    6M Return % 0.54 -2.66
    -2.54
    		-7.48 | 9.38 7 | 40 Very Good
    1Y Return % 3.47 0.02
    -1.09
    		-8.83 | 9.40 4 | 40 Very Good
    3Y Return % 15.75 13.21
    12.55
    		4.76 | 21.86 8 | 39 Very Good
    5Y Return % 14.83 12.52
    11.92
    		7.29 | 17.51 5 | 31 Very Good
    7Y Return % 16.29 14.43
    13.92
    		9.70 | 22.80 5 | 29 Very Good
    10Y Return % 15.71 13.90
    13.50
    		10.44 | 19.28 5 | 25 Very Good
    15Y Return % 14.22 12.74
    13.25
    		11.30 | 15.51 6 | 19 Good
    1Y SIP Return % 9.82
    2.69
    		-6.81 | 18.43 4 | 39 Very Good
    3Y SIP Return % 9.54
    6.40
    		-1.55 | 14.91 6 | 38 Very Good
    5Y SIP Return % 13.81
    10.73
    		5.97 | 18.67 5 | 31 Very Good
    7Y SIP Return % 16.60
    13.92
    		8.76 | 21.04 4 | 29 Very Good
    10Y SIP Return % 15.71
    13.68
    		10.15 | 20.25 4 | 25 Very Good
    15Y SIP Return % 15.52
    13.74
    		11.15 | 19.36 3 | 20 Very Good
    Standard Deviation 16.07
    14.70
    		11.10 | 19.53 33 | 39 Poor
    Semi Deviation 12.08
    11.30
    		8.53 | 15.18 31 | 39 Poor
    Max Drawdown % -20.02
    -18.15
    		-28.24 | -14.41 32 | 39 Poor
    VaR 1 Y % -22.94
    -22.52
    		-38.55 | -15.29 26 | 39 Average
    Average Drawdown % -7.77
    -8.08
    		-11.51 | -4.32 20 | 39 Good
    Sharpe Ratio 0.52
    0.41
    		-0.11 | 0.81 11 | 39 Good
    Sterling Ratio 0.49
    0.44
    		0.09 | 0.73 12 | 39 Good
    Sortino Ratio 0.25
    0.20
    		-0.01 | 0.37 9 | 39 Very Good
    Jensen Alpha % 1.08
    -0.60
    		-10.13 | 5.94 9 | 38 Very Good
    Treynor Ratio -0.41
    -0.46
    		-0.61 | -0.38 5 | 38 Very Good
    Modigliani Square Measure % 13.81
    12.28
    		4.00 | 18.31 11 | 38 Good
    Alpha % 2.15
    -0.75
    		-9.24 | 7.04 6 | 38 Very Good
    Return data last Updated On : July 3, 2026.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : March 30, 2026
    KPIs: Key Performance Indicators

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    KPIs* Fund Nifty 500 TRI Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % 5.79 4.02 4.56 2.24 | 8.28 5 | 41 Very Good
    3M Return % 16.43 10.33 10.32 4.14 | 18.59 4 | 41 Very Good
    6M Return % 1.20 -2.66 -2.01 -7.05 | 10.01 7 | 41 Very Good
    1Y Return % 4.85 0.02 0.03 -7.54 | 10.52 3 | 41 Very Good
    3Y Return % 17.18 13.21 13.76 6.27 | 23.31 6 | 39 Very Good
    5Y Return % 16.10 12.52 13.15 8.12 | 18.93 5 | 31 Very Good
    7Y Return % 17.45 14.43 15.15 11.24 | 24.63 5 | 29 Very Good
    10Y Return % 16.91 13.90 14.54 11.02 | 20.63 5 | 26 Very Good
    1Y SIP Return % 11.27 3.78 -5.78 | 19.60 4 | 41 Very Good
    3Y SIP Return % 10.97 7.47 -0.14 | 16.29 6 | 39 Very Good
    5Y SIP Return % 15.19 11.95 7.79 | 20.11 5 | 31 Very Good
    7Y SIP Return % 17.92 15.18 10.71 | 22.80 4 | 29 Very Good
    10Y SIP Return % 16.89 14.74 10.96 | 21.85 4 | 26 Very Good
    Standard Deviation 16.07 14.70 11.10 | 19.53 33 | 39 Poor
    Semi Deviation 12.08 11.30 8.53 | 15.18 31 | 39 Poor
    Max Drawdown % -20.02 -18.15 -28.24 | -14.41 32 | 39 Poor
    VaR 1 Y % -22.94 -22.52 -38.55 | -15.29 26 | 39 Average
    Average Drawdown % -7.77 -8.08 -11.51 | -4.32 20 | 39 Good
    Sharpe Ratio 0.52 0.41 -0.11 | 0.81 11 | 39 Good
    Sterling Ratio 0.49 0.44 0.09 | 0.73 12 | 39 Good
    Sortino Ratio 0.25 0.20 -0.01 | 0.37 9 | 39 Very Good
    Jensen Alpha % 1.08 -0.60 -10.13 | 5.94 9 | 38 Very Good
    Treynor Ratio -0.41 -0.46 -0.61 | -0.38 5 | 38 Very Good
    Modigliani Square Measure % 13.81 12.28 4.00 | 18.31 11 | 38 Good
    Alpha % 2.15 -0.75 -9.24 | 7.04 6 | 38 Very Good
    Return data last Updated On : July 3, 2026.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : March 30, 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
    03-07-2026 50.5144 58.4279
    02-07-2026 50.4358 58.3348
    01-07-2026 50.1106 57.9566
    30-06-2026 49.8453 57.6477
    29-06-2026 49.6065 57.3694
    25-06-2026 49.9259 57.7304
    24-06-2026 49.8442 57.6339
    23-06-2026 49.5274 57.2654
    22-06-2026 49.8327 57.6164
    19-06-2026 49.5856 57.3244
    18-06-2026 49.6715 57.4216
    17-06-2026 49.4206 57.1295
    16-06-2026 49.1365 56.7991
    15-06-2026 48.871 56.4901
    12-06-2026 48.2398 55.7544
    11-06-2026 47.1883 54.5372
    10-06-2026 47.4711 54.862
    09-06-2026 47.7156 55.1425
    08-06-2026 47.209 54.5552
    05-06-2026 47.8299 55.2666
    04-06-2026 47.9039 55.3502
    03-06-2026 47.8018 55.2302

    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.