JM ELSS - Tax Saver Fund
ELSSVery HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹52.16+0.28%1 day
- Return since launch
- 9.1%
- 52-week range
- ₹42.16 — ₹53.27
- AUM
- ₹248 Cr
JM ELSS - Tax Saver Fund is a ELSS equity fund from JM Financial Mutual Fund with ₹248 Cr under management, launched in 2007. Over three years it has returned 9.4% a year, against 10.4% for its category. The expense ratio is 2.68% and the SEBI riskometer reading is Very High.
Performance
JM ELSS - Tax Saver Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +9.0% against -0.7% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 13.8% | +13.6 pts | 0.1% | -2.1% |
| 2Y | 8.4% | +7.6 pts | 0.7% | -0.3% |
| 3Y | 9.4% | −1.0 pts | 10.4% | 2.7% |
| 5Y | 14.1% | +4.4 pts | 9.7% | 8.4% |
| 7Y | 16.6% | +3.6 pts | 13.0% | 11.6% |
| 10Y | 15.8% | +3.3 pts | 12.5% | 11.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -2.0% | +1.5 pts | -3.5% | -3.6% |
| 3M | 5.2% | +5.8 pts | -0.6% | -1.0% |
| 6M | 20.8% | +11.5 pts | 9.2% | 8.2% |
| 1Y | 9.0% | +8.9 pts | 0.1% | -0.8% |
| 2Y | -0.6% | +2.6 pts | -3.3% | -3.9% |
| 3Y | 15.1% | +4.7 pts | 10.4% | 9.2% |
| 5Y | 12.5% | +2.7 pts | 9.7% | 8.7% |
| 7Y | 16.4% | +1.9 pts | 14.4% | 12.5% |
| 10Y | 14.9% | +2.4 pts | 12.5% | 10.9% |
Since launch (24 Dec 2007): 9.1%
Calendar-year returns
Category average18.3%
32.2%
0.5%
30.9%
28.7%
2.5%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 2.5% | −1.9 pts | 4.5% |
| 2024 | 28.7% | +8.5 pts | 20.3% |
| 2023 | 30.9% | −0.9 pts | 31.8% |
| 2022 | 0.5% | −2.9 pts | 3.5% |
| 2021 | 32.2% | −7.7 pts | 39.9% |
| 2020 | 18.3% | −0.4 pts | 18.7% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
2.69%
Expense ratio as on 25 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 2.10%
- Brokerage
- 0.08%
- Transaction charges
- 0.00%
- Statutory levies
- 0.51%
- Exit load
- 0%
- Lock-in
- 3 years
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- BSE 500 TRI
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | 3.33 | 5.00 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 1.05 | 1.09 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.63 | 0.68 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.86 | 0.91 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 16.85 | 18.22 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
JM ELSS - Tax Saver Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity98.7%
- Debt1.0%
- Other0.3%
Market cap split
- Large36.1%
- Mid22.7%
- Small41.3%
- P/E
- 29.98
- P/B
- 3.42
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| One97 Communications Ltd. | Services | 3.28% | ₹8.13 Cr | +2.38% | +1.93% | +3.19% |
| Syrma SGS Technology Ltd. | Capital Goods | 2.86% | ₹7.09 Cr | +2.90% | +2.25% | +3.04% |
| ICICI Bank Ltd. | Financial | 2.84% | ₹7.05 Cr | +2.73% | +3.08% | +3.73% |
| HDFC Bank Ltd. | Financial | 2.81% | ₹6.97 Cr | +3.28% | +4.01% | +4.46% |
| Karur Vysya Bank Ltd. | Financial | 2.79% | ₹6.92 Cr | +2.58% | +2.99% | +1.84% |
| Reliance Industries Ltd. | Energy | 2.75% | ₹6.82 Cr | +3.16% | +3.43% | +3.46% |
| CarTrade Tech Ltd. | Services | 2.49% | ₹6.18 Cr | +1.61% | +1.71% | — |
| Bharti Airtel Ltd. | Communication | 2.41% | ₹5.97 Cr | +2.70% | +2.85% | +2.77% |
| Coforge Ltd. | Technology | 2.28% | ₹5.66 Cr | +1.40% | +1.20% | +2.06% |
| Fortis Healthcare Ltd. | Healthcare | 2.25% | ₹5.58 Cr | — | — | — |
| United Spirits Ltd. | Consumer Staples | 2.23% | ₹5.53 Cr | +2.11% | +2.36% | +1.43% |
| State Bank of India | Financial | 2.14% | ₹5.32 Cr | +1.75% | +2.24% | — |
| Bajaj Finance Ltd. | Financial | 2.07% | ₹5.13 Cr | +1.98% | +1.72% | +1.78% |
| Eternal Ltd. | Services | 2.06% | ₹5.12 Cr | +1.57% | +1.59% | +2.10% |
| Kotak Mahindra Bank Ltd. | Financial | 2.05% | ₹5.10 Cr | +1.87% | +2.07% | +1.78% |
| WeWork India Management Ltd. | Services | 2.04% | ₹5.06 Cr | +2.25% | +1.91% | — |
| Travel Food Services Ltd. | Services | 2.00% | ₹4.96 Cr | +2.29% | +2.59% | +2.30% |
| Aditya Vision Ltd. | Services | 1.97% | ₹4.89 Cr | — | — | — |
| Shaily Engineering Plastics Ltd. | Materials | 1.96% | ₹4.86 Cr | +1.99% | +1.60% | +2.71% |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 1.95% | ₹4.85 Cr | +1.95% | +2.19% | — |
| Jindal Steel Ltd. | Metals & Mining | 1.92% | ₹4.77 Cr | +2.17% | +2.36% | +1.22% |
| Manappuram Finance Ltd. | Financial | 1.91% | ₹4.74 Cr | +1.81% | +0.91% | — |
| Shriram Finance Ltd | Financial | 1.85% | ₹4.59 Cr | +1.76% | — | — |
| Belrise Industries Ltd. | Automobile | 1.83% | ₹4.53 Cr | — | — | — |
| Larsen & Toubro Ltd. | Construction | 1.82% | ₹4.52 Cr | +2.73% | +3.63% | +3.55% |
| Bosch Ltd. | Automobile | 1.81% | ₹4.50 Cr | +1.64% | — | — |
| Sanathan Textiles Ltd. | Textiles | 1.78% | ₹4.41 Cr | +1.78% | +1.84% | +1.10% |
| Bajaj Auto Ltd. | Automobile | 1.76% | ₹4.37 Cr | +2.25% | +2.20% | +1.56% |
| Navin Fluorine International Ltd. | Chemicals | 1.68% | ₹4.16 Cr | +1.53% | — | — |
| PNB Housing Finance Ltd. | Financial | 1.68% | ₹4.16 Cr | +1.88% | +1.91% | +1.11% |
| Max Financial Services Ltd. | Financial | 1.67% | ₹4.15 Cr | +1.98% | +2.20% | +2.33% |
| Apar Industries Ltd. | Consumer Staples | 1.66% | ₹4.12 Cr | +1.54% | +1.35% | — |
| BSE Ltd. | Services | 1.65% | ₹4.10 Cr | +2.32% | +1.73% | +1.73% |
| Persistent Systems Ltd. | Technology | 1.58% | ₹3.92 Cr | +1.40% | +1.31% | +1.52% |
| Maruti Suzuki India Ltd. | Automobile | 1.56% | ₹3.87 Cr | +2.12% | +2.47% | +2.33% |
| Tech Mahindra Ltd. | Technology | 1.56% | ₹3.87 Cr | +1.81% | +1.48% | +1.68% |
| Adani Power Ltd. | Energy | 1.55% | ₹3.84 Cr | +2.72% | — | — |
| Mahindra & Mahindra Ltd. | Automobile | 1.54% | ₹3.83 Cr | +1.39% | +1.08% | — |
| Onesource Specialty Pharma Ltd. | Healthcare | 1.53% | ₹3.80 Cr | +2.05% | +1.93% | +2.54% |
| Titagarh Rail Systems Ltd. | Automobile | 1.52% | ₹3.77 Cr | +1.50% | +1.09% | — |
| Finolex Cables Ltd. | Capital Goods | 1.51% | ₹3.75 Cr | — | — | — |
| Artemis Medicare Services Ltd. | Healthcare | 1.49% | ₹3.69 Cr | — | — | — |
| Sagility Ltd. | Services | 1.36% | ₹3.36 Cr | — | — | — |
| Prestige Estates Projects Ltd. | Construction | 1.34% | ₹3.32 Cr | +1.25% | +1.30% | +1.52% |
| Others | Others | 1.32% | ₹3.27 Cr | +2.16% | +3.19% | +2.29% |
| The India Cements Ltd. | Materials | 1.31% | ₹3.25 Cr | +1.42% | — | — |
| company:1065 | Materials | 1.29% | ₹3.20 Cr | — | — | — |
| Redington Ltd. | Services | 1.28% | ₹3.18 Cr | — | — | — |
| Godfrey Phillips India Ltd. | Consumer Staples | 1.26% | ₹3.12 Cr | +1.52% | +1.44% | +2.60% |
| SML Mahindra Ltd. | Automobile | 1.23% | ₹3.06 Cr | — | — | — |
| Hindalco Industries Ltd. | Metals & Mining | 1.23% | ₹3.05 Cr | +1.52% | — | +1.65% |
| company:2679 | Services | 1.18% | ₹2.92 Cr | — | — | — |
| company:20010 | Consumer Discretionary | 1.17% | ₹2.92 Cr | — | — | — |
| company:5626 | Healthcare | 1.03% | ₹2.55 Cr | — | — | — |
| Spandana Sphoorty Financial Ltd. | Financial | 0.83% | ₹2.05 Cr | +0.96% | +0.99% | +0.99% |
| Spandana Sphoorty Financial Ltd - Partly Paid-up Equity | Financial | 0.11% | ₹0.26 Cr | +0.11% | +0.12% | +0.11% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Lupin Ltd. | 2.29% | 0.00% | -2.29% |
| Jubilant FoodWorks Ltd. | 1.35% | 0.00% | -1.35% |
| KEC International Ltd. | 1.31% | 0.00% | -1.31% |
| company:1065 | 0.00% | 1.29% | +1.29% |
| company:2679 | 0.00% | 1.18% | +1.18% |
| company:20010 | 0.00% | 1.17% | +1.17% |
| company:5626 | 0.00% | 1.03% | +1.03% |
| Ceat Ltd. | 0.93% | 0.00% | -0.93% |
| One97 Communications Ltd. | 2.63% | 3.28% | +0.65% |
| Sagility Ltd. | 0.73% | 1.36% | +0.63% |
| WeWork India Management Ltd. | 2.57% | 2.04% | -0.53% |
| Fortis Healthcare Ltd. | 1.78% | 2.25% | +0.47% |
| State Bank of India | 1.72% | 2.14% | +0.43% |
| Eternal Ltd. | 1.75% | 2.06% | +0.31% |
| Kotak Mahindra Bank Ltd. | 1.75% | 2.05% | +0.31% |
| Finolex Cables Ltd. | 1.23% | 1.51% | +0.29% |
| Bharti Airtel Ltd. | 2.68% | 2.41% | -0.28% |
| Coforge Ltd. | 2.02% | 2.28% | +0.26% |
| Travel Food Services Ltd. | 2.24% | 2.00% | -0.24% |
| BSE Ltd. | 1.88% | 1.65% | -0.23% |
| Artemis Medicare Services Ltd. | 1.26% | 1.49% | +0.23% |
| HDFC Bank Ltd. | 3.03% | 2.81% | -0.23% |
| Bajaj Finance Ltd. | 2.28% | 2.07% | -0.22% |
| Navin Fluorine International Ltd. | 1.50% | 1.68% | +0.18% |
| SML Mahindra Ltd. | 1.41% | 1.23% | -0.17% |
| CarTrade Tech Ltd. | 2.32% | 2.49% | +0.17% |
| Onesource Specialty Pharma Ltd. | 1.67% | 1.53% | -0.14% |
| Sanathan Textiles Ltd. | 1.91% | 1.78% | -0.13% |
| Reliance Industries Ltd. | 2.88% | 2.75% | -0.13% |
| The India Cements Ltd. | 1.44% | 1.31% | -0.13% |
| Belrise Industries Ltd. | 1.70% | 1.83% | +0.13% |
| Maruti Suzuki India Ltd. | 1.68% | 1.56% | -0.12% |
| Bosch Ltd. | 1.70% | 1.81% | +0.12% |
| Mahindra & Mahindra Ltd. | 1.43% | 1.54% | +0.12% |
| Mahindra & Mahindra Financial Services Ltd. | 2.07% | 1.95% | -0.12% |
| Others | 0.87% | 0.98% | +0.11% |
| Apar Industries Ltd. | 1.55% | 1.66% | +0.10% |
| Jindal Steel Ltd. | 1.82% | 1.92% | +0.10% |
| Redington Ltd. | 1.18% | 1.28% | +0.10% |
| Syrma SGS Technology Ltd. | 2.95% | 2.86% | -0.10% |
| United Spirits Ltd. | 2.32% | 2.23% | -0.09% |
| PNB Housing Finance Ltd. | 1.77% | 1.68% | -0.09% |
| Spandana Sphoorty Financial Ltd. | 0.92% | 0.83% | -0.09% |
| Shaily Engineering Plastics Ltd. | 1.87% | 1.96% | +0.08% |
| Adani Power Ltd. | 1.47% | 1.55% | +0.07% |
| Aditya Vision Ltd. | 1.90% | 1.97% | +0.07% |
| Shriram Finance Ltd | 1.79% | 1.85% | +0.06% |
| Tech Mahindra Ltd. | 1.62% | 1.56% | -0.06% |
| Titagarh Rail Systems Ltd. | 1.57% | 1.52% | -0.05% |
| Bajaj Auto Ltd. | 1.71% | 1.76% | +0.05% |
| Godfrey Phillips India Ltd. | 1.31% | 1.26% | -0.05% |
| Max Financial Services Ltd. | 1.63% | 1.67% | +0.04% |
| ICICI Bank Ltd. | 2.87% | 2.84% | -0.03% |
| Karur Vysya Bank Ltd. | 2.81% | 2.79% | -0.03% |
| Persistent Systems Ltd. | 1.60% | 1.58% | -0.03% |
| Hindalco Industries Ltd. | 1.21% | 1.23% | +0.02% |
| Prestige Estates Projects Ltd. | 1.36% | 1.34% | -0.02% |
| Spandana Sphoorty Financial Ltd - Partly Paid-up Equity | 0.12% | 0.11% | -0.01% |
| Larsen & Toubro Ltd. | 1.82% | 1.82% | 0.00% |
| Manappuram Finance Ltd. | 1.91% | 1.91% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹2,583 Cr | 2.31% | 9.3% | 8.9% | 14.8% |
 Motilal Oswal ELSS Tax Saver Fund | ₹5,134 Cr | 2.09% | 16.6% | 12.5% | 18.1% |
 HSBC ELSS Tax saver Fund | ₹4,229 Cr | 2.00% | 7.2% | 8.5% | 13.3% |
 WhiteOak Capital ELSS Tax Saver Fund | ₹507 Cr | 2.59% | 4.3% | 7.3% | — |
 ITI ELSS Tax Saver Fund | ₹463 Cr | 2.57% | 8.9% | 7.3% | 13.1% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
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.
Fund managers
- Asit BhandarkarMr. 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.
- Ruchi FozdarMs. Ruchi is a graduate in science and PGDBM in financePrior to joining JM Mutual Fund, she was associated with few brokers and institutions like Reliance Life Insurance Co. Ltd. and Mahindra Manulife Mutual Fund
- Satish RamanathanMr. 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.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months20.78% absolute | ₹60,000 | ₹72,468 | 20.78% | |
| 1 year8.97% annualised | ₹1,20,000 | ₹1,25,993 | 4.99% | |
| 3 years15.09% annualised | ₹3,60,000 | ₹4,57,466 | 27.07% | |
| 5 years12.46% annualised | ₹6,00,000 | ₹8,35,424 | 39.24% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of JM ELSS - Tax Saver Fund?
The NAV of JM ELSS - Tax Saver Fund is ₹52.16 as on 25 Sep 2026.
What is the expense ratio of JM ELSS - Tax Saver Fund?
The expense ratio of JM ELSS - Tax Saver Fund is 2.68% per year.
What is the minimum SIP amount for JM ELSS - Tax Saver Fund?
You can start a SIP in JM ELSS - Tax Saver Fund with ₹3,000 a month.
What returns has JM ELSS - Tax Saver Fund given?
JM ELSS - Tax Saver Fund has returned 13.8% over 1 year, 9.4% over 3 years and 14.1% over 5 years (annualised).
Is there a lock-in or exit load on JM ELSS - Tax Saver Fund?
Lock-in: 3 years. Exit load: 0%.
How risky is JM ELSS - Tax Saver Fund?
JM ELSS - Tax Saver Fund is rated Very High on the SEBI riskometer and belongs to the ELSS category.
Which fund house manages JM ELSS - Tax Saver Fund?
JM ELSS - Tax Saver Fund is managed by JM Financial Mutual Fund, which runs 17 schemes with ₹13,205 Cr under management.