JM ELSS - Tax Saver Fund (Regular) - Growth option
💡 Why Pick This Fund? Quantitative Strengths & Watch-outs
- Outperformed category benchmark in 87% of historical 3-year rolling periods.
- Generated +2.5% annualized alpha (excess return) over its benchmark.
- Over 19 years of operational history across different market cycles.
- Expense ratio (2.66%) is higher than category median (2.34%), which creates fee drag over time.
- Experienced a maximum drawdown of -69.0% during severe market crashes.
Key Statistics vs Category Median
Trailing Returns Comparison
| Period | Fund Return | Category Median | Difference |
|---|---|---|---|
| 1 Month | +4.43% | +7.77% | -3.34% |
| 3 Months | -1.38% | +0.19% | -1.57% |
| 6 Months | +8.77% | +5.12% | +3.65% |
| 1 Year | +5.01% | +1.89% | +3.12% |
| 3 Years CAGR | +15.05% | +11.88% | +3.17% |
| 5 Years CAGR | +11.74% | +9.96% | +1.78% |
| 7 Years CAGR | +16.34% | +13.84% | +2.50% |
| 10 Years CAGR | +15.69% | +13.83% | +1.86% |
| Since Inception | +9.12% | - | - |
📈 Monthly SIP vs Bank Fixed Deposit (FD) Replay
See how a regular monthly SIP in JM ELSS Tax Saver Fund compares against a standard 7.0% p.a. Bank Fixed Deposit.
Calendar Year Returns
| Year | Fund | Category Median | Gap |
|---|---|---|---|
| 2026 | +4.77% | +1.20% | +3.57% |
| 2025 | +2.51% | +3.57% | -1.06% |
| 2024 | +29.02% | +19.98% | +9.04% |
| 2023 | +30.91% | +27.84% | +3.07% |
| 2022 | +0.54% | +2.11% | -1.57% |
| 2021 | +32.16% | +32.16% | 0.00% |
| 2020 | +18.27% | +17.88% | +0.39% |
| 2019 | +14.94% | +9.89% | +5.05% |
| 2018 | -4.57% | -6.42% | +1.85% |
| 2017 | +42.59% | +37.59% | +5.00% |
| 2016 | +5.20% | +3.19% | +2.01% |
| 2015 | -0.63% | +3.80% | -4.43% |
| 2014 | +54.86% | +49.05% | +5.81% |
| 2013 | +2.75% | +7.15% | -4.40% |
| 2012 | +34.59% | +29.97% | +4.62% |
| 2011 | -30.96% | -23.37% | -7.59% |
| 2010 | +5.16% | +17.81% | -12.65% |
| 2009 | +65.46% | +73.74% | -8.28% |
Daily Rolling Returns Summary
| Rolling Window | Minimum | Average | Median | Maximum | % Positive | % Beating Proxy |
|---|---|---|---|---|---|---|
| 1-Year Rolling | -56.71% | +15.44% | +10.46% | +107.11% | 72.5% | 61.6% |
| 3-Year Rolling | -15.57% | +13.89% | +15.70% | +32.32% | 86.5% | 86.6% |
| 5-Year Rolling | -8.61% | +14.36% | +14.75% | +30.12% | 96.7% | 100.0% |
Risk Profile & Deepest Drawdowns
Deepest Market Corrections (Depth >= 10%)
| Peak Date | Trough Date | Fall Depth | Months to Bottom | Recovery Period |
|---|---|---|---|---|
| 2008-05-02 | 2009-03-05 | -69.0% | 10 months | 68 months |
| 2020-02-19 | 2020-03-23 | -37.4% | 1 months | 8 months |
| 2015-08-07 | 2016-02-25 | -22.5% | 7 months | 5 months |
Portfolio & Asset Allocation
Statutory Asset Allocation Mandate (SEBI / SID)
| Instrument Category | Permitted Allocation Range |
|---|---|
| Equity and Equity related instruments | 80%-100%, Money Market Instruments / InvITs/ Gold ETFs / Silver ETFs / Other Liquid Instruments / Units of Domestic Mutual Funds^ - 0%-20% ^Any other security as may be permitted by SEBI/ RBI from time to time. Other Liquid instruments includes cash, bank deposits with Scheduled Commercial Banks, Government Securities, Treasury bills, Repo on Government securities and any other instruments as specified by the SEBI. The scheme may invest in the units of Overnight Fund, Money Market Fund & Liquid Fund. |
Investment Objective & Strategy
The investment objective is 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,There can be no assurance that the investment objective of the scheme will be realized. The scheme does not guarantee/ indicate any returns. Investors are required to read all the scheme related information set out in this document carefully.
ℹ️ Detailed monthly stock-level holdings for this scheme are updated periodically from asset management company statutory disclosures.
Fund Size Position
Currently managing Rs 245 cr (AMFI Daily Fund AUM as of 2026-11-11). Positioned as small relative to ELSS schemes.
Fund Management
Cost & Capital Gains Taxation
From April 2026 the total expense ratio includes brokerage, transaction costs and statutory levies on top of the base fee.
Equity-oriented schemes: 20% short-term capital gains tax if sold within 12 months; 12.5% long-term capital gains tax on gains exceeding ₹1.25 lakh per financial year when held for more than 12 months.
Closest ELSS Peers by Rank
| Scheme | Score | 3Y Return | Expense | Downside | Fund Size | Compare |
|---|---|---|---|---|---|---|
| SBI ELSS Tax Saver FUND | 6.7 | +14.22% | 1.83% | 91.3% | Rs 32,287 cr | Compare → |
| BARODA BNP PARIBAS ELSS Tax Saver Fund | 7.2 | +14.56% | 2.44% | 99.2% | Rs 913 cr | Compare → |
| DSP ELSS Tax Saver Fund | 7.1 | +14.38% | 1.77% | 95.9% | Rs 17,063 cr | Compare → |
| quant ELSS Tax Saver Fund | 5.3 | +14.40% | 2.05% | 103.2% | Rs 13,714 cr | Compare → |
| HSBC ELSS Tax saver Fund | 7.3 | +15.95% | 1.97% | 105.9% | Rs 4,144 cr | Compare → |
Frequently Asked Questions about JM ELSS Tax Saver Fund
What is the expense ratio of JM ELSS Tax Saver Fund?
JM ELSS Tax Saver Fund has a total expense ratio (TER) of 2.66% with a base expense ratio of 2.1%, compared to the ELSS category median of 2.34%.
Who manages JM ELSS Tax Saver Fund?
JM ELSS Tax Saver Fund is managed by Deepak Gupta (tenure: 1.6 years since 2025-04-11).
What are the historical returns of JM ELSS Tax Saver Fund?
JM ELSS Tax Saver Fund delivered a 3-year CAGR of 15.05% and a 5-year CAGR of 11.74%. Its 1-year return stands at +5.01%.
How large is JM ELSS Tax Saver Fund?
JM ELSS Tax Saver Fund manages assets of Rs 245 cr, placing it in the 'small' size band relative to ELSS peers.
How is JM ELSS Tax Saver Fund scored on MFIQ?
JM ELSS Tax Saver Fund holds an MFIQ Score of 4.3/10 (Weak), based on a category percentile composite across returns, risk, consistency, and cost.
How risky is JM ELSS Tax Saver Fund?
JM ELSS Tax Saver Fund has an official SEBI riskometer rating of Very High. Over the analyzed period, its annualized standard deviation is 16.28% with a maximum historical drawdown of -69.00%.