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: 15.64%.

JM ELSS Tax Saver Fund (Direct) - Growth Option

Latest NAV

₹58.2290

As of

17 Jul 2026

3,331 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	-0.43%	+0.16%	-0.59	52 / 59	Q4
1W	-1.07%	+0.01%	-1.08	52 / 59	Q4
2W	-0.34%	+0.41%	-0.75	53 / 59	Q4
1M	+1.92%	+1.60%	+0.32	25 / 59	Q2
3M	+7.37%	+3.41%	+3.96	12 / 59	Q1
6M	+3.68%	+3.24%	+0.44	20 / 59	Q2
YTD	+1.44%	+2.42%	-0.98	21 / 59	Q2
1Y	+3.96%	+6.87%	-2.90	21 / 59	Q2
2Y	+2.02%	+4.51%	-2.49	33 / 58	Q3
3Y	+16.53%	+14.16%	+2.38	16 / 58	Q2
4Y	+18.96%	+15.94%	+3.02	11 / 51	Q1
5Y	+15.64%	+14.21%	+1.43	15 / 47	Q2
7Y	+18.28%	+17.19%	+1.10	15 / 45	Q2
10Y	+16.60%	+14.50%	+2.10	5 / 27	Q1
Inception	+16.66%	+14.54%	+2.13	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	+1.44%	-0.01%	+1.45	16 / 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

+20.49%

153 windows

min -22.6% · max 75.0%

81% positive

3-Year rolling

+18.13%

129 windows

min -2.5% · max 31.6%

99% positive

5-Year rolling

+17.48%

105 windows

min 3.7% · max 29.5%

100% positive

7-Year rolling

+16.76%

80 windows

min 10.5% · max 20.8%

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

15.27%

3-year · annualised

Sharpe ratio

0.65

vs risk-free 6.5%

Sortino ratio

1.07

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	₹1,497.0580	17 Jul 2026
Nippon India ELSS Tax Saver Fund - Direct Plan Growth Plan - Growth Option	Nippon India	₹144.8728	17 Jul 2026
SBI ELSS Tax Saver FUND - DIRECT PLAN -GROWTH	SBI	₹479.1199	17 Jul 2026
ICICI Prudential ELSS Tax Saver Fund - Direct Plan - Growth	ICICI Prudential	₹1,043.9300	17 Jul 2026
Invesco India ELSS Tax Saver Fund - Direct Plan - Growth	Invesco	₹148.3100	17 Jul 2026
BANDHAN ELSS Tax Saver Fund - Direct Plan - Growth	Bandhan	₹179.3500	17 Jul 2026
quant ELSS Tax Saver Fund - Growth Option - Direct Plan	Quant	₹460.9956	17 Jul 2026
Aditya Birla Sun Life ELSS Tax Saver Fund - Growth - Direct Plan	Aditya Birla Sun Life	₹69.9900	17 Jul 2026
Motilal Oswal ELSS Tax Saver Fund - Direct Plan - Growth Option	Motilal Oswal	₹63.7427	17 Jul 2026
Franklin India ELSS Tax Saver Fund - Direct - Growth	Franklin India	₹1,617.9351	17 Jul 2026

Recent NAVs

Date	NAV
17 Jul 2026	₹58.2290
16 Jul 2026	₹58.4777
15 Jul 2026	₹58.6099
14 Jul 2026	₹58.4876
13 Jul 2026	₹58.9335
10 Jul 2026	₹58.8616
9 Jul 2026	₹58.0981
8 Jul 2026	₹57.5452
7 Jul 2026	₹58.7732
6 Jul 2026	₹58.8713

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 17 Jul 2026, the NAV of JM ELSS Tax Saver Fund (Direct) - Growth Option is ₹58.2290. 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 6 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 3.96% — -2.9 pp behind the ELSS category average of 6.87%. The fund ranks #21 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 16.53% — +2.38 pp ahead of the ELSS category average of 14.16%. The fund ranks #16 of 58 in its category — the second (Q2) quartile.

Over the trailing 5-year window, JM ELSS Tax Saver Fund (Direct) - Growth Option has delivered a CAGR of 15.64% — +1.43 pp ahead of the ELSS category average of 14.21%. The fund ranks #15 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 ₹464,380 today — a multiplier of 4.64×, based on the 10-year CAGR of 16.60%. The category average over the same window would have grown ₹1 lakh to ₹387,351.

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 ₹869,229 today. That's an XIRR (money-weighted annualised return) of 14.81%.

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 ₹2,887,516 (multiplier 2.41×). XIRR: 16.73%. 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 #15 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 14.21%; this fund delivered 15.64%.

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 17.48% (best 29.46%, worst 3.71%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is 0.57 — 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: 15.64%.

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