Jm Tax Gain Fund Overview
Category ELSS (Tax Saving) Fund
BMSMONEY Rank 6
BMSMONEY Rating
Gro. Opt. As On: 26-07-2024
NAV ₹50.04(R) +1.54% ₹56.47(D) +1.55%
Returns 1Y 3Y 5Y 7Y 10Y
LumpSum (R) 51.4% 24.64% 25.0% 18.42% 17.83%
LumpSum (D) 53.17% 25.87% 26.12% 19.43% 19.12%
SIP (R) 63.53% 34.69% 28.79% 23.76% 20.34%
SIP (D) 65.52% 36.04% 29.98% 24.81% 21.45%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
1.12 0.61 0.95 4.28% 0.16
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
13.76% -13.7% -14.82% 0.95 9.69%
Top ELSS (Tax Saving) Fund
Fund Name Rank Rating
SBI Long Term Equity Fund 1
HDFC Taxsaver 2
Quant Tax Plan 3
Motilal Oswal Long Term Equity Fund (Moflte) 4
Bank Of India Tax Advantage Fund 5
JM Tax Gain Fund 6
ITI Long Term Equity Fund 7
Franklin India Taxshield 8

NAV Date: 26-07-2024

Scheme Name NAV Rupee Change Percent Change
JM Tax Gain Fund (Regular) - IDCW 50.04
0.7600
1.5400%
JM Tax Gain Fund (Regular) - Growth option 50.04
0.7600
1.5400%
JM Tax Gain Fund (Direct) - IDCW 55.08
0.8400
1.5500%
JM Tax Gain Fund (Direct) - Growth Option 56.47
0.8600
1.5500%

Review Date: 26-07-2024

JM Tax Gain Fund has shown very good performance in the ELSS (Tax Saving) Fund category. The fund has rank of 6 out of 35 funds in the category. The fund has delivered return of 51.4% in 1 year, 24.64% in 3 years, 25.0% in 5 years and 17.83% in 10 years. The category average for the same periods is 39.91%, 20.18%, 21.58% and 15.77% respectively, which shows very good return performance of fund in the category. The fund has exhibited standard deviation of 13.76, VaR of -13.7, Average Drawdown of -5.92, Semi Deviation of 9.69 and Max Drawdown of -14.82. The category average for the same parameters is 12.71, -14.08, -5.57, 9.01 and -12.33 respectively. The fund has average risk in the category.

Key Points:

  1. An investment of ₹10,000 in JM Tax Gain Fund direct growth option would have grown to ₹15317.0 in 1 year, ₹19944.0 in 3 years and ₹31911.0 in 5 years as of today (26-07-2024).
  2. An SIP of ₹1,000 per month in JM Tax Gain Fund direct growth option would have grown to ₹15917.0 in 1 year, ₹59917.0 in 3 years and ₹125379.0 in 5 years as of today (26-07-2024).
  3. standard deviation of 13.76 and based on VaR one can expect to lose more than -13.7% of current value of fund in one year.
  4. Sharpe ratio of the fund is 1.12 which shows very good performance of fund in the elss (tax saving) fund category.
  5. The fund has R-square of 0.83, Beta of 0.95 and Jensen's Alpha of 4.28% which exhibit good performance in the elss (tax saving) fund category .


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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
1M Return % 3.72
3.56
1.50 | 6.29 15 | 35 Good
3M Return % 14.93
11.56
8.82 | 16.41 3 | 35 Very Good
6M Return % 27.68
20.14
15.39 | 27.68 1 | 35 Very Good
1Y Return % 51.40
39.91
24.44 | 56.46 6 | 35 Very Good
3Y Return % 24.64
20.18
11.54 | 28.89 4 | 33 Very Good
5Y Return % 25.00
21.58
15.49 | 35.49 4 | 32 Very Good
7Y Return % 18.42
15.52
11.28 | 24.66 3 | 29 Very Good
10Y Return % 17.83
15.77
13.22 | 24.50 4 | 22 Very Good
15Y Return % 15.04
15.19
12.66 | 17.44 12 | 19 Average
1Y SIP Return % 63.53
48.01
33.64 | 64.79 2 | 35 Very Good
3Y SIP Return % 34.69
28.05
20.20 | 39.75 4 | 33 Very Good
5Y SIP Return % 28.79
24.53
17.21 | 36.79 5 | 32 Very Good
7Y SIP Return % 23.76
20.43
14.42 | 31.24 4 | 29 Very Good
10Y SIP Return % 20.34
17.71
13.37 | 26.65 3 | 22 Very Good
15Y SIP Return % 17.84
16.38
13.80 | 21.58 5 | 20 Very Good
Standard Deviation 13.76
12.71
9.99 | 16.36 29 | 33 Poor
Semi Deviation 9.69
9.01
7.16 | 11.67 27 | 33 Average
Max Drawdown % -14.82
-12.33
-22.81 | -6.28 28 | 33 Poor
VaR 1 Y % -13.70
-14.08
-20.17 | -11.38 18 | 33 Good
Average Drawdown % -5.92
-5.57
-11.96 | -2.58 24 | 33 Average
Sharpe Ratio 1.12
0.95
0.28 | 1.59 9 | 33 Very Good
Sterling Ratio 0.95
0.93
0.36 | 1.67 15 | 33 Good
Sortino Ratio 0.61
0.51
0.17 | 0.91 7 | 33 Very Good
Jensen Alpha % 4.28
2.63
-8.40 | 13.97 12 | 33 Good
Treynor Ratio 0.16
0.14
0.04 | 0.23 8 | 33 Very Good
Modigliani Square Measure % 22.72
20.91
10.22 | 30.40 10 | 33 Good
Alpha % 3.33
0.58
-7.65 | 12.32 7 | 33 Very Good
Return data last Updated On : July 26, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : April 30, 2024
KPIs: Key Performance Indicators

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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
1M Return % 3.83 3.65 1.60 | 6.34 15 | 35
3M Return % 15.27 11.86 9.08 | 16.66 3 | 35
6M Return % 28.51 20.78 16.31 | 28.51 1 | 35
1Y Return % 53.17 41.42 26.33 | 58.34 6 | 35
3Y Return % 25.87 21.54 12.42 | 29.75 5 | 33
5Y Return % 26.12 22.94 16.48 | 37.72 5 | 32
7Y Return % 19.43 16.75 12.31 | 26.32 3 | 29
10Y Return % 19.12 16.76 14.09 | 25.77 3 | 23
1Y SIP Return % 65.52 49.61 35.65 | 65.93 2 | 35
3Y SIP Return % 36.04 29.41 21.08 | 40.65 5 | 33
5Y SIP Return % 29.98 25.87 18.11 | 38.88 5 | 32
7Y SIP Return % 24.81 21.64 15.35 | 33.13 4 | 29
10Y SIP Return % 21.45 18.69 14.35 | 28.13 3 | 23
Standard Deviation 13.76 12.71 9.99 | 16.36 29 | 33
Semi Deviation 9.69 9.01 7.16 | 11.67 27 | 33
Max Drawdown % -14.82 -12.33 -22.81 | -6.28 28 | 33
VaR 1 Y % -13.70 -14.08 -20.17 | -11.38 18 | 33
Average Drawdown % -5.92 -5.57 -11.96 | -2.58 24 | 33
Sharpe Ratio 1.12 0.95 0.28 | 1.59 9 | 33
Sterling Ratio 0.95 0.93 0.36 | 1.67 15 | 33
Sortino Ratio 0.61 0.51 0.17 | 0.91 7 | 33
Jensen Alpha % 4.28 2.63 -8.40 | 13.97 12 | 33
Treynor Ratio 0.16 0.14 0.04 | 0.23 8 | 33
Modigliani Square Measure % 22.72 20.91 10.22 | 30.40 10 | 33
Alpha % 3.33 0.58 -7.65 | 12.32 7 | 33
Return data last Updated On : July 26, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : April 30, 2024
KPIs: Key Performance Indicators

Investment Period Regular Direct
Return % Current Value of ₹ 10000 Return % Current Value of ₹ 10000
1D 1.54 ₹ 10,154.00 1.55 ₹ 10,155.00
1W 2.63 ₹ 10,263.00 2.64 ₹ 10,264.00
1M 3.72 ₹ 10,372.00 3.83 ₹ 10,383.00
3M 14.93 ₹ 11,493.00 15.27 ₹ 11,527.00
6M 27.68 ₹ 12,768.00 28.51 ₹ 12,851.00
1Y 51.40 ₹ 15,140.00 53.17 ₹ 15,317.00
3Y 24.64 ₹ 19,362.00 25.87 ₹ 19,944.00
5Y 25.00 ₹ 30,520.00 26.12 ₹ 31,911.00
7Y 18.42 ₹ 32,652.00 19.43 ₹ 34,658.00
10Y 17.83 ₹ 51,598.00 19.12 ₹ 57,526.00
15Y 15.04 ₹ 81,752.00 ₹

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.

Investment Period Invested Amount Regular Direct
XIRR % Current Value of Invested Amount XIRR % Current Value of Invested Amount
1Y ₹ 12000 63.53 ₹ 15,805.73 65.52 ₹ 15,917.44
3Y ₹ 36000 34.69 ₹ 58,867.96 36.04 ₹ 59,917.46
5Y ₹ 60000 28.79 ₹ 121,908.84 29.98 ₹ 125,379.36
7Y ₹ 84000 23.76 ₹ 195,769.64 24.81 ₹ 203,218.76
10Y ₹ 120000 20.34 ₹ 350,750.52 21.45 ₹ 372,582.84
15Y ₹ 180000 17.84 ₹ 790,379.46 ₹


Date NAV Regular Growth NAV Direct Growth
26-07-2024 50.0401 56.4722
25-07-2024 49.2789 55.6112
24-07-2024 49.054 55.3555
23-07-2024 48.4907 54.718
22-07-2024 48.7576 55.0174
19-07-2024 48.3346 54.5347
18-07-2024 49.1927 55.501
16-07-2024 49.5915 55.9472
15-07-2024 49.7211 56.0914
12-07-2024 49.5927 55.9408
11-07-2024 49.6059 55.9539
10-07-2024 49.4324 55.7562
09-07-2024 49.9165 56.3004
08-07-2024 49.7634 56.1258
05-07-2024 49.7847 56.1441
04-07-2024 49.5044 55.8261
03-07-2024 49.2371 55.5227
02-07-2024 48.8029 55.0312
01-07-2024 48.7548 54.9752
28-06-2024 48.3585 54.5227
27-06-2024 48.3054 54.461
26-06-2024 48.2448 54.3908

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.