July 23, 2024
mayank
JM ELSS Tax Saver Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 55.0174
NAV IDCW: Rs 53.6609
Suitable For Which Investor?
When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.
But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy:
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.
Fund Manager:
1) Chaitanya Choksi
Education:Mr. Choksi is a MMS (Finance) and CFA.
Experience: Prior to joining JM Financials he has worked with Lotus AMC, Chanrai Finance Pvt. Ltd, IL&FS Investmart and UTI Investment Advisory Services Ltd.
2) Asit Bhandarkar
Education: Mr. Bhandarkar is a B.Com (H) and MMS.
Experience: Prior to joining JM Financial he has worked with Lotus India AMC Pvt. Ltd. and SBI Funds Management Pvt. Ltd.
3) Gurvinder Singh Wasan
Education: Mr. Wasan is a Chartered Accountant, CFA and Master of Commerce from Mumbai University.
Experience: Prior to joining JM Mutual Fund, he has worked with Principal Mutual Fund, Crisil Ltd. and ICICI Bank Ltd.
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | 500 |
| Lock-in Period | 3 Years |
| Exit Load | 0 |
Basic Details of JM ELSS Tax Saver Fund
| Fund House | JM Financial Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 19.21% |
| Benchmark | BSE 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 161 Cr |
| (As on 30-Jun-2024) | |
| Expense | 1.13% |
| (As on 30-Jun-2024) | |
| Risk Grade | Above Average |
| Return Grade | Above Average |
| Turnover | 123.50% |
Trailing Returns (%) of JM ELSS Tax Saver Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| JM ELSS Tax Saver Dir | 29.63 | 0.89 | 2.06 | 16.86 | 25.68 | 49.21 | 24.70 | 25.31 | 19.00 | 18.64 |
| BSE 500 TRI | 18.78 | 0.39 | 3.34 | 12.10 | 17.72 | 36.52 | 20.06 | 21.38 | 16.32 | 15.27 |
| Equity: ELSS | 20.48 | 0.47 | 3.00 | 12.68 | 19.16 | 39.73 | 20.94 | 22.33 | 16.67 | 16.53 |
| Rank within category | 1 | 4 | 32 | 2 | 1 | 6 | 5 | 5 | 4 | 3 |
| Number of funds in category | 39 | 39 | 39 | 39 | 39 | 38 | 33 | 31 | 29 | 25 |
Peer Comparison of JM ELSS Tax Saver Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| JM ELSS Tax Saver Dir | 4 star | 49.21 | 24.70 | 25.31 | 1.13 | 161 | 19.21 | — | 11Y 6M | 123.50 |
| SBI Long Term Equity Dir | 5 star | 54.16 | 28.22 | 26.04 | 0.93 | 25,738 | 17.98 | — | 11Y 6M | 21.00 |
| DSP ELSS Tax Saver Dir | 4 star | 48.18 | 22.59 | 24.81 | 0.71 | 16,284 | 19.42 | — | 11Y 6M | 40.00 |
| HDFC ELSS Tax Saver Dir | 4 star | 47.05 | 27.26 | 22.14 | 1.09 | 15,674 | 16.48 | — | 11Y 6M | 43.00 |
| Quant ELSS Tax Saver Dir | 5 star | 55.06 | 27.22 | 36.44 | 0.77 | 10,528 | 23.45 | — | 11Y 6M | 162.00 |
Portfolio Analysis of JM ELSS Tax Saver Fund
| No. of Stocks | 55 |
| Top 10 Stocks | 27.85% |
| Top 5 Stocks | 16.58% |
| Top 3 Sectors | 45.04% |
| Portfolio P/B Ratio | 4.77 |
| Portfolio P/E Ratio | 32.04 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 64,972 | 1,82,906 |
| Giant (%) | 31.10 | 51.03 |
| Large (%) | 14.36 | 19.96 |
| Mid (%) | 36.94 | 23.29 |
| Small (%) | 17.59 | 7.53 |
| Tiny (%) | — | 0.30 |
Chanakya’s Mutual Fund Guidance For JM ELSS Tax Saver Fund
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