JM ELSS - Tax Saver Fund
ELSSVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹51.94+0.24%1 day
- Return since launch
- 9.0%
- 52-week range
- ₹42.16 — ₹53.27
- AUM
- ₹240 Cr
JM ELSS - Tax Saver Fund is a ELSS equity fund from JM Financial Mutual Fund with ₹240 Cr under management, launched in 2007. Over three years it has returned 7.7% a year, against 11.4% 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 +3.9% against 0.0% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 10.6% | +10.1 pts | 0.6% | 6.0% |
| 2Y | 7.4% | +3.1 pts | 4.3% | 3.9% |
| 3Y | 7.7% | −3.7 pts | 11.4% | 4.6% |
| 5Y | 13.1% | +3.3 pts | 9.8% | 9.3% |
| 7Y | 15.7% | +2.4 pts | 13.3% | 12.1% |
| 10Y | 15.3% | +2.4 pts | 12.9% | 11.8% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 2.8% | −3.9 pts | 6.7% | 7.5% |
| 3M | -2.5% | −2.0 pts | -0.5% | -0.5% |
| 6M | 7.6% | +3.0 pts | 4.6% | 4.7% |
| 1Y | 4.0% | +3.5 pts | 0.6% | 0.3% |
| 2Y | 2.8% | +1.0 pts | 1.9% | 1.4% |
| 3Y | 14.7% | +3.2 pts | 11.4% | 10.7% |
| 5Y | 11.3% | +1.6 pts | 9.8% | 8.8% |
| 7Y | 16.2% | +1.6 pts | 14.6% | 12.7% |
| 10Y | 15.2% | +2.3 pts | 12.9% | 11.5% |
Since launch (24 Dec 2007): 9.0%
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
2.66%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 2.10%
- Brokerage
- 0.07%
- Transaction charges
- 0.00%
- Statutory levies
- 0.49%
- 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 | 3.86 | 4.46 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 1.04 | 1.03 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.54 | 0.55 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.76 | 0.76 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 17.12 | 17.63 | 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 30 Sep 2026
Asset allocation
- Equity98.9%
- Other1.1%
Market cap split
- Large35.5%
- Mid18.4%
- Small46.1%
- P/E
- 28.66
- P/B
- 3.27
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Syrma SGS Technology Ltd. | Capital Goods | 3.41% | ₹8.18 Cr | +3.57% | +2.35% | +2.59% |
| One 97 Communications Ltd. | Services | 3.31% | ₹7.95 Cr | +2.33% | +1.87% | +2.51% |
| HDFC Bank Ltd. | Financial | 2.90% | ₹6.96 Cr | +3.37% | +3.67% | +4.39% |
| Karur Vysya Bank Ltd. | Financial | 2.69% | ₹6.46 Cr | +2.54% | +2.94% | +2.16% |
| ICICI Bank Ltd. | Financial | 2.67% | ₹6.41 Cr | +2.87% | +2.99% | +3.55% |
| Reliance Industries Ltd. | Energy | 2.64% | ₹6.34 Cr | +2.97% | +3.67% | +3.42% |
| Bharti Airtel Ltd. | Communication | 2.41% | ₹5.79 Cr | +2.63% | +3.00% | +2.25% |
| CarTrade Tech Ltd. | Services | 2.30% | ₹5.51 Cr | +2.39% | +1.74% | +1.81% |
| EPL Ltd. | Materials | 2.19% | ₹5.26 Cr | — | — | — |
| Kotak Mahindra Bank Ltd. | Financial | 2.11% | ₹5.07 Cr | +1.83% | +1.96% | +1.50% |
| United Spirits Ltd. | Consumer Staples | 2.09% | ₹5.02 Cr | +2.16% | +2.31% | +1.66% |
| Eternal Ltd. | Services | 2.08% | ₹4.99 Cr | +1.59% | +1.64% | +2.14% |
| Sanathan Textiles Ltd. | Textiles | 2.04% | ₹4.89 Cr | +1.87% | +1.83% | +1.17% |
| WeWork India Management Ltd. | Services | 2.04% | ₹4.88 Cr | +2.48% | +1.95% | — |
| Manappuram Finance Ltd. | Financial | 2.03% | ₹4.87 Cr | +1.73% | +1.13% | — |
| Aditya Vision Ltd. | Services | 2.02% | ₹4.84 Cr | +0.93% | — | — |
| State Bank of India | Financial | 2.01% | ₹4.82 Cr | +1.79% | +2.03% | — |
| Fortis Healthcare Ltd. | Healthcare | 1.97% | ₹4.73 Cr | +1.32% | — | — |
| Belrise Industries Ltd. | Automobile | 1.95% | ₹4.69 Cr | +0.03% | — | — |
| Bajaj Finance Ltd. | Financial | 1.94% | ₹4.65 Cr | +2.10% | +1.54% | +1.99% |
| Shaily Engineering Plastics Ltd. | Materials | 1.89% | ₹4.54 Cr | +1.85% | +1.90% | +2.43% |
| Jindal Steel Ltd. | Metals & Mining | 1.89% | ₹4.54 Cr | +1.82% | +2.35% | +1.35% |
| Travel Food Services Ltd. | Services | 1.89% | ₹4.53 Cr | +2.37% | +2.68% | +2.39% |
| Finolex Cables Ltd. | Capital Goods | 1.82% | ₹4.37 Cr | — | — | — |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 1.76% | ₹4.22 Cr | +1.94% | +1.86% | — |
| Larsen & Toubro Ltd. | Construction | 1.75% | ₹4.20 Cr | +2.44% | +3.30% | +3.38% |
| Tech Mahindra Ltd. | Technology | 1.71% | ₹4.11 Cr | +1.44% | +1.68% | +1.56% |
| Shriram Finance Ltd | Financial | 1.70% | ₹4.07 Cr | +1.86% | — | — |
| PNB Housing Finance Ltd. | Financial | 1.69% | ₹4.05 Cr | +1.82% | +1.94% | +1.26% |
| Apar Industries Ltd. | Consumer Staples | 1.68% | ₹4.04 Cr | +1.77% | +1.33% | — |
| Artemis Medicare Services Ltd. | Healthcare | 1.67% | ₹4.01 Cr | — | — | — |
| Adani Power Ltd. | Energy | 1.65% | ₹3.96 Cr | +1.19% | +1.04% | — |
| Navin Fluorine International Ltd. | Chemicals | 1.65% | ₹3.96 Cr | +1.59% | — | — |
| SML Mahindra Ltd. | Automobile | 1.65% | ₹3.95 Cr | — | — | — |
| Bajaj Auto Ltd. | Automobile | 1.63% | ₹3.92 Cr | +2.01% | +2.15% | +1.55% |
| Mahindra & Mahindra Ltd. | Automobile | 1.63% | ₹3.92 Cr | +1.34% | +1.54% | — |
| BSE Ltd. | Services | 1.61% | ₹3.87 Cr | +2.08% | +1.90% | +1.66% |
| Onesource Specialty Pharma Ltd. | Healthcare | 1.59% | ₹3.81 Cr | +1.78% | +2.09% | +2.44% |
| GNG Electronics Ltd. | Consumer Discretionary | 1.58% | ₹3.79 Cr | — | — | — |
| Bosch Ltd. | Automobile | 1.57% | ₹3.77 Cr | +1.72% | — | — |
| Titagarh Rail Systems Ltd. | Automobile | 1.57% | ₹3.77 Cr | +1.74% | +0.99% | — |
| Persistent Systems Ltd. | Technology | 1.54% | ₹3.70 Cr | +1.12% | +1.49% | +1.36% |
| Max Financial Services Ltd. | Financial | 1.51% | ₹3.63 Cr | +1.80% | +2.01% | +2.26% |
| Redington Ltd. | Services | 1.51% | ₹3.62 Cr | — | — | — |
| Zydus Lifesciences Ltd. | Healthcare | 1.49% | ₹3.57 Cr | — | — | — |
| Oriental Hotels Ltd. | Services | 1.46% | ₹3.49 Cr | — | — | — |
| Sagility Ltd. | Services | 1.45% | ₹3.47 Cr | — | — | — |
| Maruti Suzuki India Ltd. | Automobile | 1.42% | ₹3.42 Cr | +2.19% | +2.27% | +2.49% |
| Hindalco Industries Ltd. | Metals & Mining | 1.37% | ₹3.30 Cr | +1.23% | — | +1.75% |
| Smartworks Coworking Spaces Ltd. | Services | 1.33% | ₹3.19 Cr | — | — | — |
| Prestige Estates Projects Ltd. | Construction | 1.26% | ₹3.02 Cr | +1.37% | +1.17% | +1.44% |
| The India Cements Ltd. | Materials | 1.17% | ₹2.80 Cr | +1.42% | — | — |
| Others | Others | 1.11% | ₹2.66 Cr | +3.25% | +4.09% | +0.45% |
| Spandana Sphoorty Financial Ltd. | Financial | 0.97% | ₹2.33 Cr | +0.98% | +0.80% | +1.00% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Coforge Ltd. | 2.28% | 0.00% | -2.28% |
| Smartworks Coworking Spaces Ltd. | 0.00% | 1.33% | +1.33% |
| Godfrey Phillips India Ltd. | 1.26% | 0.00% | -1.26% |
| Others | 0.98% | 0.02% | -0.95% |
| EPL Ltd. | 1.29% | 2.19% | +0.90% |
| Syrma SGS Technology Ltd. | 2.86% | 3.41% | +0.55% |
| Zydus Lifesciences Ltd. | 1.03% | 1.49% | +0.46% |
| SML Mahindra Ltd. | 1.23% | 1.65% | +0.41% |
| GNG Electronics Ltd. | 1.17% | 1.58% | +0.41% |
| Finolex Cables Ltd. | 1.51% | 1.82% | +0.31% |
| Oriental Hotels Ltd. | 1.18% | 1.46% | +0.28% |
| Fortis Healthcare Ltd. | 2.25% | 1.97% | -0.27% |
| Sanathan Textiles Ltd. | 1.78% | 2.04% | +0.26% |
| Bosch Ltd. | 1.81% | 1.57% | -0.24% |
| Redington Ltd. | 1.28% | 1.51% | +0.23% |
| Mahindra & Mahindra Financial Services Ltd. | 1.95% | 1.76% | -0.19% |
| CarTrade Tech Ltd. | 2.49% | 2.30% | -0.19% |
| Artemis Medicare Services Ltd. | 1.49% | 1.67% | +0.19% |
| ICICI Bank Ltd. | 2.84% | 2.67% | -0.17% |
| Max Financial Services Ltd. | 1.67% | 1.51% | -0.16% |
| Shriram Finance Ltd | 1.85% | 1.70% | -0.16% |
| Tech Mahindra Ltd. | 1.56% | 1.71% | +0.15% |
| Spandana Sphoorty Financial Ltd. | 0.83% | 0.97% | +0.15% |
| Hindalco Industries Ltd. | 1.23% | 1.37% | +0.15% |
| The India Cements Ltd. | 1.31% | 1.17% | -0.14% |
| State Bank of India | 2.14% | 2.01% | -0.14% |
| Maruti Suzuki India Ltd. | 1.56% | 1.42% | -0.13% |
| United Spirits Ltd. | 2.23% | 2.09% | -0.13% |
| Belrise Industries Ltd. | 1.83% | 1.95% | +0.13% |
| Bajaj Auto Ltd. | 1.76% | 1.63% | -0.13% |
| Bajaj Finance Ltd. | 2.07% | 1.94% | -0.13% |
| Manappuram Finance Ltd. | 1.91% | 2.03% | +0.12% |
| Travel Food Services Ltd. | 2.00% | 1.89% | -0.11% |
| Reliance Industries Ltd. | 2.75% | 2.64% | -0.11% |
| company:20164 | 0.11% | 0.00% | -0.11% |
| Adani Power Ltd. | 1.55% | 1.65% | +0.10% |
| HDFC Bank Ltd. | 2.81% | 2.90% | +0.10% |
| Karur Vysya Bank Ltd. | 2.79% | 2.69% | -0.09% |
| Sagility Ltd. | 1.36% | 1.45% | +0.09% |
| Mahindra & Mahindra Ltd. | 1.54% | 1.63% | +0.09% |
| Prestige Estates Projects Ltd. | 1.34% | 1.26% | -0.08% |
| Larsen & Toubro Ltd. | 1.82% | 1.75% | -0.07% |
| Shaily Engineering Plastics Ltd. | 1.96% | 1.89% | -0.06% |
| Kotak Mahindra Bank Ltd. | 2.05% | 2.11% | +0.06% |
| Onesource Specialty Pharma Ltd. | 1.53% | 1.59% | +0.06% |
| Titagarh Rail Systems Ltd. | 1.52% | 1.57% | +0.05% |
| Aditya Vision Ltd. | 1.97% | 2.02% | +0.05% |
| BSE Ltd. | 1.65% | 1.61% | -0.04% |
| Persistent Systems Ltd. | 1.58% | 1.54% | -0.04% |
| One 97 Communications Ltd. | 3.28% | 3.31% | +0.04% |
| Jindal Steel Ltd. | 1.92% | 1.89% | -0.03% |
| Navin Fluorine International Ltd. | 1.68% | 1.65% | -0.03% |
| Apar Industries Ltd. | 1.66% | 1.68% | +0.03% |
| Eternal Ltd. | 2.06% | 2.08% | +0.02% |
| PNB Housing Finance Ltd. | 1.68% | 1.69% | +0.01% |
| Bharti Airtel Ltd. | 2.41% | 2.41% | +0.01% |
| WeWork India Management Ltd. | 2.04% | 2.04% | 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 | ₹2,550 Cr | 2.28% | 8.4% | 8.1% | 13.6% |
 Motilal Oswal ELSS Tax Saver Fund | ₹4,890 Cr | 2.07% | 8.1% | 8.8% | 16.0% |
 HSBC ELSS Tax saver Fund | ₹3,974 Cr | 1.98% | 8.0% | 7.9% | 12.9% |
 Baroda BNP Paribas ELSS Tax Saver Fund | ₹857 Cr | 2.46% | 6.6% | 7.2% | 11.9% |
 WhiteOak Capital ELSS Tax Saver Fund | ₹481 Cr | 2.60% | 10.8% | 8.6% | — |
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 months7.61% absolute | ₹60,000 | ₹64,566 | 7.61% | |
| 1 year4.04% annualised | ₹1,20,000 | ₹1,22,659 | 2.22% | |
| 3 years14.66% annualised | ₹3,60,000 | ₹4,54,267 | 26.19% | |
| 5 years11.34% annualised | ₹6,00,000 | ₹8,09,999 | 35.00% |
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 ₹51.94 as on 9 Nov 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 10.6% over 1 year, 7.7% over 3 years and 13.1% 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 ₹13,500 Cr under management.