JM ELSS Tax Saver Fund-Growth

Q: What are the returns of JM ELSS Tax Saver Fund?

The JM ELSS Tax Saver Fund is a 17 yrs 8 m old fund and has delivered average annual returns of 9.28% since inception. JM ELSS Tax Saver Fund Returns 1-Year 3-Year 5-Year 10-Year Since Inception -5.75% 19.59% 22.89% 15.88% 9.28%

Previously called: JM Tax Gain-G

NAV as of Sep 03, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹48.6526+0.66% 1 day change	9.28% p.a.	App exclusive #NA View Ranked Funds	₹199 Cr

Historical NAV & returns

NAV: ₹48.6526 as on Sep 03, 2025

This fund Category average

JM ELSS Tax Saver Fund overview

Expense ratio	2.37% as on Aug 31, 2025
Plan type	Regular
Exit load	0%
AUM (Fund size)	₹199 Cr
Lock-in Period	3 Years
Age	17 yrs 8 m since Dec 24, 2007
Benchmark	BSE 500 TRI
Min. investment	SIP: ₹500 & Lumpsum: ₹500
Risk	Very High
Short term capital gains (STCG)	Returns taxed at 20% if you redeem before 1 year
Long term capital gains (LTCG)	After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%

JM ELSS Tax Saver Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Sep 04, 2025

Period	This fund	Category average
1 Month	2.49%	0.22%
3 Months	3.43%	0.85%
6 Months	14.87%	14.68%
1 Year	-5.75%	-2.75%
2 Years	19.14%	16.44%
3 Years	19.59%	16.39%
4 Years	14.79%	12.83%
5 Years	22.89%	20.92%
7 Years	16.21%	14.15%
10 Years	15.88%	14.2%

Asset allocationas on May 31, 2025

Large Cap 54.69%

Mid Cap 17.77%

Small Cap 24.86%

Other Cap 0%

Top holdings

Larsen & Toubro Ltd.5.09%

HDFC Bank Ltd.4.8%

ICICI Bank Ltd.4.01%

Reliance Industries Ltd.3.59%

Top sectors

Financial 27.76%

Capital Goods 10.88%

Services 10.32%

Healthcare 7.6%

Credit quality

Bifurcation by Credit Quality is not available for this fund

Top Debt Holdings

Others 0.59%

Allocation by Instruments

Bifurcation by Instrument is not available for this fund

Other Holdings

Others 0.5%

Detailed portfolio analysis

Peer comparison

Fund name	ETM Rank	AUM	Fund age	Expense ratio
JM ELSS Tax Saver Fund	N.A.	199 Cr	17 yrs 8 m	2.37%
Parag Parikh ELSS Tax Saver Fund	N.A.	5,294 Cr	6 yrs 2 m	1.72%
HDFC ELSS Tax Saver Fund	N.A.	16,454 Cr	29 yrs 8 m	1.7%
SBI Long Term Equity Fund	N.A.	28,506 Cr	18 yrs 4 m	1.58%
DSP ELSS Tax Saver Fund	N.A.	16,974 Cr	18 yrs 9 m	1.63%
Kotak ELSS Tax Saver Fund	N.A.	6,266 Cr	19 yrs 11 m	1.76%

Fund name	1M	6M	1Y	3Y	5Y	10Y
JM ELSS Tax Saver Fund	2.49%	14.87%	-5.75%	19.59%	22.89%	15.88%
Parag Parikh ELSS Tax Saver Fund	0.63%	11.75%	2.97%	18.24%	21.92%	12.22%
HDFC ELSS Tax Saver Fund	1.33%	15.56%	2.37%	21.4%	24.87%	14.61%
SBI Long Term Equity Fund	0.15%	11.75%	-3.13%	23.35%	25.04%	14.88%
DSP ELSS Tax Saver Fund	-0.62%	11.99%	-3.86%	18.57%	22.99%	16.04%
Kotak ELSS Tax Saver Fund	-0.16%	15.37%	-3.87%	15.5%	21.13%	14.48%

Fund name	Std. deviation	Beta	Sharpe	Sortino
JM ELSS Tax Saver Fund	14.34	0.99	0.85	1.27
Parag Parikh ELSS Tax Saver Fund	9.79	0.67	1.08	1.74
HDFC ELSS Tax Saver Fund	11.49	0.84	1.18	2.04
SBI Long Term Equity Fund	13.47	0.96	1.12	1.91
DSP ELSS Tax Saver Fund	13.34	0.96	0.84	1.73
Kotak ELSS Tax Saver Fund	12.9	0.92	0.65	0.9

View all Elss funds

Key risk & return ratios Compared to other funds in the category

Alpha	4.17 vs. 5.39 Underperformed at beating benchmark
Sharpe	0.85 vs. 6.08 Poor risk-adjusted returns
Beta	0.99 vs. 0.91 More sensitive to market's ups & downs
Standard deviation	14.34 vs. 12.2 More volatile performance

Compare JM ELSS Tax Saver Fund in detail with

About this fund

About JM ELSS Tax Saver Fund

JM ELSS Tax Saver Fund-Growth is a ELSS mutual fund scheme from Jm Financial Mutual Fund. This fund has been in existence for 17 yrs 8 m, having been launched on 24/12/2007. JM ELSS Tax Saver Fund-Growth has ₹199 Crores worth of assets under management (AUM) as on 31/05/2025 and is small fund of its category. The latest Net Asset Value (NAV) of JM ELSS Tax Saver Fund-Growth as of 03/09/2025 is ₹48.65. The fund has an expense ratio of 2.37%, which is higher than what most other Elss funds charge.

JM ELSS Tax Saver Fund-Growth returns of last 1-year are -6.21%. Since launch, it has delivered 9.50% average annual returns. The fund has doubled the money invested in it every 4 yrs.
JM ELSS Tax Saver Fund-Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is above average.
The fund has the majority of its money invested in Financial, Capital Goods, Services, Healthcare, Technology sectors. It has taken less exposure in Financial, Capital Goods sectors compared to other funds in the category.
The fund's top 5 holdings are in Larsen & Toubro Ltd., HDFC Bank Ltd., ICICI Bank Ltd., Reliance Industries Ltd., One97 Communications Ltd..

...

Fund AUM	199 Cr as on May 31, 2025
Scheme document	View Scheme Document

Fund managers

Asit Bhandarkar

Mr. Bhandarkar is a B.Com (H) and MMS. Prior to joining JM Financial he has worked with Lotus India AMC Pvt. Ltd. and SBI Funds Management Pvt. Ltd.

Chaitanya Choksi

Mr. Choksi is a MMS (Finance) and CFA. Prior to joining JM Financials he has worked with Lotus AMC, Chanrai Finance Pvt. Ltd, IL&FS Investmart and UTI Investment Advisory Services Ltd.

Satish Ramanathan

Mr. Ramanathan holds a B.Tech degree and has done MBA and CFA. Prior to joining JM Mutual Fund, he has worked with Sundaram BNP Paribas AMC and has an extensive experience in the asset management business with stints in Research division of Sundaram AMC and managing funds for Franklin Templeton. He has also worked with ICICI Securities for 4 years, with Birla Merlin & Dewoo Finance for 1 year, with ICRA Ltd. for 2 years and for 1 year with Tata Economic Consultancy Services.

Ruchi Fozdar

Ms. Ruchi is a graduate in science and PGDBM in finance Prior to joining JM Mutual Fund, she was associated with few brokers and institutions like Reliance Life Insurance Co. Ltd. and Mahindra Manulife Mutual Fund

Investment objective

The scheme aims at achieving long term growth of capital along with income tax relief for investment. At least 80% of the funds will be invested in equity instruments.

JM Financial Mutual Fund details

No. of schemes	16 view all schemes
Total AUM	13,969 Cr as on Jun 30, 2025
Address	Office B-8th Floor-Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai, 400025
Phone	022-33797777 / 1800-103-8345

More funds from JM Financial Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
JM Value Fund	N.A.	1,089 Cr	-12.7%	25.52%
JM Flexicap Fund	N.A.	5,917 Cr	-10.2%	25.12%
JM Focused Fund	N.A.	279 Cr	-6.97%	19.46%
JM Large Cap Fund	N.A.	526 Cr	-8.67%	16.78%
JM Midcap Fund	N.A.	1,396 Cr	-4.78%	N.A.

See all Equity funds from this AMC

Frequently asked questions

What is the current NAV of JM ELSS Tax Saver Fund?

The current Net Asset Value (NAV) of the JM ELSS Tax Saver Fund - Direct Growth plan is approximately ₹48.6526 as of Sep 03, 2025.

What are the returns of this mutual fund scheme?

The JM ELSS Tax Saver Fund is a 17 yrs 8 m old fund and has delivered average annual returns of 9.28% since inception.

JM ELSS Tax Saver Fund Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
-5.75%	19.59%	22.89%	15.88%	9.28%

How much does this mutual fund charge as expense ratio?

The JM ELSS Tax Saver Fund - Direct Growth has an expense ratio of 2.37%, which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.

What is the AUM or fund size of this mutual fund?

The JM ELSS Tax Saver Fund currently has assets under management (AUM) or fund size valued at approximately 199 Cr as on May 31, 2025.

What are the top stock holdings of JM ELSS Tax Saver Fund?

The JM ELSS Tax Saver Fund has invested the majority of its money in the stocks of the following companies -

Company	Percentage of Portfolio
Larsen & Toubro Ltd.	5.09%
HDFC Bank Ltd.	4.8%
ICICI Bank Ltd.	4.01%
Reliance Industries Ltd.	3.59%
One97 Communications Ltd.	2.92%
Syrma SGS Technology Ltd.	2.84%
Bharti Airtel Ltd.	2.84%
Onesource Specialty Pharma Ltd.	2.69%
CreditAccess Grameen Ltd.	2.51%
Infosys Ltd.	2.41%

What are the top sectors JM ELSS Tax Saver Fund has invested in?

The JM ELSS Tax Saver Fund has primarily invested in the following sectors

Sector	Percentage of Portfolio
Financial	27.76%
Capital Goods	10.88%
Services	10.32%
Healthcare	7.6%
Technology	7.57%
Construction	6.1899999999999995%
Chemicals	5.46%
Automobile	4.96%
Materials	4.59%
Energy	4.54%

What is risk level of JM ELSS Tax Saver Fund?

This is a Elss fund comes with Very High risk.

Is there any lock-in period in this mutual fund?

Yes, this fund comes with a mandatory lock-in period of 3 years.

How do I invest in JM ELSS Tax Saver Fund?

JM ELSS Tax Saver Fund-Growth is the regular plan of the fund. For this plan of you pay 2.37% as annual charges. On the other hand if you go for the direct plan available on ET Money, you pay 1.05%. That's 1.32% less.

Regular plans charge more because when you buy them, the fund pays commission to the agent. This is an additional expense for the fund and to cover this expense, the fund takes a bigger share from the returns generated by your investments.

So, the lower annual cost of the direct plan means you will earn 1.32% if you opt for direct plan of JM ELSS Tax Saver Fund

How can I redeem my investments in JM ELSS Tax Saver Fund?

Redeeming your investments in JM ELSS Tax Saver Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

If you have invested in JM ELSS Tax Saver Fund from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

App exclusive

in ELSS

#NA

Return Consistency: This fund is one of the best in generating consistent return in it's category.
Return Outperformance: This fund has generated highest return amongst ELSS funds in the last 10 Years.
Chance: This fund has generated a 11.01% annual return in 70% of times for investors holding for at least 5 years.
Exit Load: This fund has no exit load.
Volatility Protection: This fund ranks lower in terms of protecting against volatility within its category.
Return/Risk: The fund is performing poorly than its category.