JP Morgan India Tax Advantage Fund is being managed by Harshad Patwardhan & Karan Sikka. Investing in this fund enables the investors to avail the income tax rebate, as permitted from time to time. Its performance has not stayed closed to the average returns of funds in its category. If you have invested in this fund, exit now.
JP Morgan India Tax Advantage Fund is a large cap fund which means most of your money is invested in giant and large companies. It has 77% allocation in stocks of large cap companies, 10% in stocks of mid cap companies, and close to 1% exposure in stocks of small sized companies. Large cap companies tend to be stable compared to mid cap and small cap companies.
- Saving on tax outgo
- Child's education
- Child's marriage
- Planning for retirement
- Home Purchase
- Creating wealth
- Short term needs
- Lifestyle needs
If you had invested Rs 1 lakh when the fund was launched in Jan 2009, your value of investments would be around Rs 1.92 lakhs. Performance has not been similar to most other funds in its category. The fund has been giving at around 16% every year for those who have stayed invested since inception.
Assume you had invested Rs 10,000 every month in JP Morgan India Tax Advantage Fund through SIP from the month of inception, today you would have around Rs 6.08 lakhs.
There is a lock-in period of 3 years on this fund, which means that you cannot sell this fund within 3 years of your purchase date. Withdraw when your goals are closer to achievement. Do not remove the money when the markets go up or down. Do not panic. Stick to your goals.
Once you invest in the fund do not get into the habit of checking the NAV daily or monthly. Review the performance twice a year. Too much attention is not good.
No exit load applies for units withdrawn from this scheme. Expense ratio of JP Morgan India Tax Advantage 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.
The returns in an equity mutual fund are absolutely tax free, provided you do not withdraw within 1 year.