JM Tax Gain Fund

JM Tax Gain Fund is being managed by Sanjay Chhabaria since October 2010. Investing in this fund enables the investors to avail the income tax rebate, as permitted from time to time. This fund’s performance has been below the category average in most periods. If you have invested in this fund and have completed lock-in period of 3 years, consider exiting now to invest in a better performing fund. If you are a new investor you can safely skip this one.

Where does JM Tax Gain Fund invest your money?

JM Tax Gain Fund is a multi cap fund which means your money is invested in stocks of companies across market capitalization. It has about 66% allocation in stocks of large cap companies and 30% allocation in stocks of mid cap companies. Large cap companies tend to be stable compared to mid cap and small cap companies.

Suitable for what?
  • Saving on tax outgo
  • Child's education
  • Child's marriage
  • Planning for retirement
  • Buying house
Not suitable for what?
  • Creating wealth
  • Short term needs
  • Lifestyle needs
How has JM Tax Gain Fund performed in the past?

If you had invested Rs 1 lakh when the fund was launched at Mar 2008, your value of investments would sadly have dropped to Rs 66,000. Performance has been worse than that of other funds in the same category.

Assume you had invested Rs 10,000 every month in JM Tax Gain Fund through SIP for the last 4 years today you would have around Rs 5.68 lakhs.

Our recommendation for fresh investment
Not Recommended
Our recommendation for existing investment
Not Recommended
What are the charges applicable?

If units are sold within a year an exit load of 1% is deducted from your total returns. No exit load applies for units withdrawn post one year. Expense ratio of JM Tax Gain Fund is 2.88%. This is charged to recover the fund management company’s expenses on securities’ transactions, commissions, registrar fees, etc. Your mutual fund returns will be total returns less expense ratio.

What are the tax implications?

The returns in a mutual fund are absolutely tax free, provided you do not withdraw within 1 year. JM Tax Gain Fund qualifies for sec 80C ELSS benefits, which means you can invest up to Rs 1 lakh a year in this fund and deduct the amount from your gross total income for computing income tax.

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