Should I invest in JM ELSS Tax Saver Fund (Direct)?

We don't give personal investment advice. JM ELSS Tax Saver Fund (Direct) - Growth Option is suitable for an investor whose:time horizon is **5+ years** — equity funds can drop 30-50% in bad years; horizons under 5 years materially raise the risk of selling at a lossrisk tolerance accepts seeing the portfolio fall sharply without panic-sellinggoal isn't capital preservation in the short termCross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 20.9%. 5-year CAGR: 15.17%.

JM ELSS Tax Saver Fund (Direct) - Growth Option

Latest NAV

₹55.2302

As of

3 Jun 2026

3,300 NAV records on file

NAV history & peer comparison

All NAVs split-adjusted and normalised to 100 at the start of the selected period, so funds with very different absolute NAV scales can be compared on one axis.

Period

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Returns matrix

Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).

Window	Fund	Category avg	+/− vs avg	Rank	Quartile
1D	-0.18%	+0.24%	-0.42	51 / 59	Q4
1W	-0.97%	-1.27%	+0.31	14 / 59	Q1
2W	+0.99%	+0.30%	+0.70	15 / 59	Q2
1M	+0.41%	-0.87%	+1.27	8 / 59	Q1
3M	+5.71%	+0.83%	+4.88	15 / 59	Q2
6M	-4.49%	-2.14%	-2.34	29 / 59	Q2
YTD	-3.78%	-1.56%	-2.23	23 / 59	Q2
1Y	+3.32%	+5.96%	-2.64	20 / 59	Q2
2Y	+3.47%	+5.58%	-2.11	30 / 58	Q3
3Y	+16.95%	+14.58%	+2.37	12 / 58	Q1
4Y	+17.56%	+14.85%	+2.71	11 / 51	Q1
5Y	+15.17%	+14.46%	+0.70	16 / 47	Q2
7Y	+16.45%	+15.51%	+0.94	17 / 45	Q2
10Y	+16.61%	+14.50%	+2.10	5 / 27	Q1
Inception	+16.36%	+14.13%	+2.23	15 / 59	Q2

Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%

Calendar-year returns

Full-year performance vs category average. Current year is partial (year-to-date).

Year	Fund	Category avg	+/− vs avg	Rank
2026 YTD	-3.78%	-4.44%	+0.66	17 / 53
2025	+2.90%	+3.70%	-0.80	31 / 53
2024	+30.05%	+20.13%	+9.91	5 / 53
2023	+32.15%	+30.82%	+1.33	18 / 51
2022	+1.47%	+3.78%	-2.30	36 / 47
2021	+32.59%	+39.32%	-6.73	35 / 50
2020	+19.07%	+18.42%	+0.65	19 / 50
2019	+15.47%	+6.48%	+8.98	5 / 47
2018	-3.12%	-7.38%	+4.26	14 / 37
2017	+41.89%	+38.27%	+3.62	10 / 31
2016	+7.05%	+5.54%	+1.50	10 / 27

Rolling returns

Removes start-date bias by averaging CAGR over every overlapping N-year window in the fund's history. Higher average plus tight min/max plus high "% positive" = consistent.

1-Year rolling

+20.33%

152 windows

min -25.7% · max 78.4%

82% positive

3-Year rolling

+17.72%

128 windows

min -3.1% · max 31.1%

98% positive

5-Year rolling

+17.30%

103 windows

min 2.4% · max 27.7%

100% positive

7-Year rolling

+16.64%

79 windows

min 11.2% · max 20.0%

100% positive

SIP returns — historical "what if"

If you had invested every month in this fund over the chosen period, this is what your investment would be worth today.

Period

Total invested

₹ —

Today's value

₹ —

XIRR

Annualised

Wealth multiplier

Period	Total invested	Today's value	XIRR	Wealth multiplier

XIRR is the annualised internal rate of return on the SIP cash flow — invariant to the monthly amount. "Today's value" and "Total invested" scale linearly with the slider. Past performance does not guarantee future returns. Excludes exit load and taxes.

Risk profile

Risk-adjusted return and volatility, computed from monthly NAV returns over the trailing 3-year and 5-year windows.

Std deviation

15.02%

3-year · annualised

Sharpe ratio

0.70

vs risk-free 6.5%

Sortino ratio

1.20

Downside-only deviation

Max drawdown

-20.85%

Sep 2024 → Apr 2025

% positive months

69.4%

Share of monthly returns > 0 over the 3-year window

Sharpe / Sortino use a risk-free rate of 6.5% (1-year T-bill proxy). Higher Sharpe = more return per unit of total risk; higher Sortino = more return per unit of downside risk.

Peers in ELSS

Scheme	Fund house	NAV	As of
HDFC ELSS Tax saver - Growth Option - Direct Plan	HDFC	₹1,421.3430	3 Jun 2026
Nippon India ELSS Tax Saver Fund - Direct Plan Growth Plan - Growth Option	Nippon India	₹140.6038	3 Jun 2026
SBI ELSS Tax Saver FUND - DIRECT PLAN -GROWTH	SBI	₹458.2222	3 Jun 2026
ICICI Prudential ELSS Tax Saver Fund - Direct Plan - Growth	ICICI Prudential	₹990.7700	3 Jun 2026
Invesco India ELSS Tax Saver Fund - Direct Plan - Growth	Invesco	₹138.0800	3 Jun 2026
BANDHAN ELSS Tax Saver Fund - Direct Plan - Growth	Bandhan	₹173.1540	3 Jun 2026
quant ELSS Tax Saver Fund - Growth Option - Direct Plan	Quant	₹443.2149	3 Jun 2026
Aditya Birla Sun Life ELSS Tax Saver Fund - Growth - Direct Plan	Aditya Birla Sun Life	₹66.4800	3 Jun 2026
Motilal Oswal ELSS Tax Saver Fund - Direct Plan - Growth Option	Motilal Oswal	₹62.1822	3 Jun 2026
Franklin India ELSS Tax Saver Fund - Direct - Growth	Franklin India	₹1,537.4743	3 Jun 2026

Recent NAVs

Date	NAV
3 Jun 2026	₹55.2302
2 Jun 2026	₹55.3306
1 Jun 2026	₹55.0578
29 May 2026	₹55.3571
27 May 2026	₹55.7693
26 May 2026	₹55.6853
25 May 2026	₹55.6133
22 May 2026	₹54.8549
21 May 2026	₹54.7618
20 May 2026	₹54.6863

Frequently asked questions

These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.

As of 03 Jun 2026, the NAV of JM ELSS Tax Saver Fund (Direct) - Growth Option is ₹55.2302. It's a ELSS from the fund house, run as a Direct plan Growth option. NAVs update once per business day from the AMFI feed.

JM ELSS Tax Saver Fund (Direct) - Growth Option has NAV history starting from 02 Jan 2013, a track record of about 13 years 5 months. That's enough history to evaluate the fund across one or two market cycles. Look at rolling returns rather than point-to-point to judge consistency.

JM ELSS Tax Saver Fund (Direct) - Growth Option is managed by the fund house. It's classified by AMFI under the 'ELSS' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, JM ELSS Tax Saver Fund (Direct) - Growth Option has delivered a absolute return of 3.32% — -2.64 pp behind the ELSS category average of 5.96%. The fund ranks #20 of 59 in its category — the second (Q2) quartile.

Over the trailing 3-year window, JM ELSS Tax Saver Fund (Direct) - Growth Option has delivered a CAGR of 16.95% — +2.37 pp ahead of the ELSS category average of 14.58%. The fund ranks #12 of 58 in its category — the top (Q1) quartile.

Over the trailing 5-year window, JM ELSS Tax Saver Fund (Direct) - Growth Option has delivered a CAGR of 15.17% — +0.7 pp ahead of the ELSS category average of 14.46%. The fund ranks #16 of 47 in its category — the second (Q2) quartile.

₹1 lakh invested in JM ELSS Tax Saver Fund (Direct) - Growth Option exactly 10 years ago would be worth approximately ₹464,719 today — a multiplier of 4.65×, based on the 10-year CAGR of 16.61%. The category average over the same window would have grown ₹1 lakh to ₹387,469.

A ₹10,000 monthly SIP in JM ELSS Tax Saver Fund (Direct) - Growth Option over the last 5 years — total invested ₹600,000 — would be worth ₹839,087 today. That's an XIRR (money-weighted annualised return) of 13.37%.

A ₹10,000 monthly SIP for 10 years in JM ELSS Tax Saver Fund (Direct) - Growth Option = ₹1,200,000 invested. It would currently be worth ₹2,787,767 (multiplier 2.32×). XIRR: 16.07%. Long-horizon SIP results matter more than point-to-point returns because they smooth out entry timing.

On a 5-year basis, JM ELSS Tax Saver Fund (Direct) - Growth Option ranks #16 out of 47 funds in the ELSS category — that places it in the second quartile (Q2) — above the median. The category average return over the same window is 14.46%; this fund delivered 15.17%.

The worst peak-to-trough decline JM ELSS Tax Saver Fund (Direct) - Growth Option has experienced over the last 5-year window is 20.85% — its NAV fell from a high on 24 Sep 2024 to a low on 07 Apr 2025. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 5-year rolling windows, JM ELSS Tax Saver Fund (Direct) - Growth Option averaged 17.30% (best 27.74%, worst 2.41%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is 0.58 — reasonable risk-adjusted performance.

In calendar year 2025, JM ELSS Tax Saver Fund (Direct) - Growth Option returned 2.90% — lagging the ELSS category average of 3.70% by 0.80 pp. It ranked #31 of 53 in its category that year.

JM ELSS Tax Saver Fund (Direct) - Growth Option is classified as an Equity fund (at least 65% equity exposure). Tax rules (post Budget 2024): if you hold 12 months or more, gains are Long-Term and taxed at 12.5% on the amount exceeding ₹1.25 lakh per financial year. Held for under 12 months, gains are Short-Term and taxed at 20%. The ₹1.25 L exemption is per PAN per FY across all equity LTCG.

We don't give personal investment advice. JM ELSS Tax Saver Fund (Direct) - Growth Option is suitable for an investor whose:

time horizon is **5+ years** — equity funds can drop 30-50% in bad years; horizons under 5 years materially raise the risk of selling at a loss
risk tolerance accepts seeing the portfolio fall sharply without panic-selling
goal isn't capital preservation in the short term

Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 20.9%. 5-year CAGR: 15.17%.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.