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

We don't give personal investment advice. JM ELSS Tax Saver Fund (Direct) - IDCW 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) - IDCW

Latest NAV

₹56.7933

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%	+0.18%	-0.61	70 / 76	Q4
1W	-1.07%	+0.02%	-1.10	70 / 76	Q4
2W	-0.34%	+0.25%	-0.60	53 / 76	Q3
1M	+1.92%	+1.60%	+0.32	25 / 76	Q2
3M	+7.37%	+3.34%	+4.03	12 / 76	Q1
6M	+3.68%	+1.60%	+2.08	17 / 76	Q1
YTD	+1.44%	+0.65%	+0.80	19 / 76	Q1
1Y	+3.96%	+3.29%	+0.67	18 / 76	Q1
2Y	+2.02%	+2.13%	-0.11	21 / 75	Q2
3Y	+16.53%	+10.81%	+5.72	8 / 75	Q1
4Y	+18.96%	+12.20%	+6.76	5 / 69	Q1
5Y	+15.64%	+10.65%	+4.99	9 / 65	Q1
7Y	+18.28%	+13.29%	+5.00	12 / 63	Q1
10Y	+16.48%	+10.17%	+6.31	1 / 46	Q1
Inception	+16.45%	+11.17%	+5.27	7 / 76	Q1

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%	-1.35%	+2.79	14 / 70
2025	+2.90%	+2.19%	+0.71	41 / 70
2024	+30.05%	+16.51%	+13.54	4 / 70
2023	+32.15%	+24.04%	+8.11	13 / 68
2022	+1.47%	+1.46%	+0.01	28 / 65
2021	+32.59%	+33.28%	-0.69	24 / 68
2020	+19.07%	+13.91%	+5.16	15 / 68
2019	+15.47%	+5.99%	+9.47	4 / 66
2018	-3.12%	-7.59%	+4.47	22 / 56
2017	+41.45%	+29.87%	+11.58	6 / 50
2016	+5.49%	+1.05%	+4.44	6 / 46

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

+20.26%

153 windows

min -22.6% · max 74.6%

80% positive

3-Year rolling

+17.86%

129 windows

min -2.5% · max 31.6%

99% positive

5-Year rolling

+17.25%

105 windows

min 3.2% · max 29.5%

100% positive

7-Year rolling

+16.54%

80 windows

min 10.1% · max 20.4%

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 - IDCW Option - Direct Plan	HDFC	₹93.5760	17 Jul 2026
NIPPON INDIA ELSS TAX SAVER FUND - DIRECT Plan - ANNUAL IDCW Option	Nippon India	₹22.6321	17 Jul 2026
SBI ELSS Tax Saver Fund - Direct Plan - Income Distribution cum Capital Withdrawal Option (IDCW)	SBI	₹118.6726	17 Jul 2026
ICICI Prudential ELSS Tax Saver Fund - Direct Plan - IDCW	ICICI Prudential	₹44.8300	17 Jul 2026
Invesco India ELSS Tax Saver Fund - Direct Plan - IDCW Payout	Invesco	₹32.2400	17 Jul 2026
BANDHAN ELSS Tax Saver Fund - Direct Plan - IDCW	Bandhan	₹41.5040	17 Jul 2026
quant ELSS Tax Saver Fund - IDCW Option - Direct Plan	Quant	₹61.4528	17 Jul 2026
Aditya Birla Sun Life ELSS Tax Saver Fund-DIRECT - IDCW	Aditya Birla Sun Life	₹439.8600	17 Jul 2026
Motilal Oswal ELSS Tax Saver Fund Direct - IDCW Payout	Motilal Oswal	₹39.4071	17 Jul 2026
Franklin India ELSS Tax Saver Fund - Direct - IDCW	Franklin India	₹70.8461	17 Jul 2026

Recent NAVs

Date	NAV
17 Jul 2026	₹56.7933
16 Jul 2026	₹57.0360
15 Jul 2026	₹57.1649
14 Jul 2026	₹57.0456
13 Jul 2026	₹57.4805
10 Jul 2026	₹57.4104
9 Jul 2026	₹56.6657
8 Jul 2026	₹56.1264
7 Jul 2026	₹57.3242
6 Jul 2026	₹57.4198

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) - IDCW is ₹56.7933. It's a ELSS from the fund house, run as a Direct plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

JM ELSS Tax Saver Fund (Direct) - IDCW 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) - IDCW 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) - IDCW has delivered a absolute return of 3.96% — +0.67 pp ahead of the ELSS category average of 3.29%. The fund ranks #18 of 76 in its category — the top (Q1) quartile.

Over the trailing 3-year window, JM ELSS Tax Saver Fund (Direct) - IDCW has delivered a CAGR of 16.53% — +5.72 pp ahead of the ELSS category average of 10.81%. The fund ranks #8 of 75 in its category — the top (Q1) quartile.

Over the trailing 5-year window, JM ELSS Tax Saver Fund (Direct) - IDCW has delivered a CAGR of 15.64% — +4.99 pp ahead of the ELSS category average of 10.65%. The fund ranks #9 of 65 in its category — the top (Q1) quartile.

₹1 lakh invested in JM ELSS Tax Saver Fund (Direct) - IDCW exactly 10 years ago would be worth approximately ₹459,891 today — a multiplier of 4.60×, based on the 10-year CAGR of 16.48%. The category average over the same window would have grown ₹1 lakh to ₹263,459.

A ₹10,000 monthly SIP in JM ELSS Tax Saver Fund (Direct) - IDCW over the last 5 years — total invested ₹600,000 — would be worth ₹869,228 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) - IDCW = ₹1,200,000 invested. It would currently be worth ₹2,885,542 (multiplier 2.40×). XIRR: 16.72%. 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) - IDCW ranks #9 out of 65 funds in the ELSS category — that places it in the top quartile (Q1) — strong outperformance. The category average return over the same window is 10.65%; this fund delivered 15.64%.

The worst peak-to-trough decline JM ELSS Tax Saver Fund (Direct) - IDCW 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) - IDCW averaged 17.25% (best 29.46%, worst 3.16%). 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) - IDCW returned 2.90% — beating the ELSS category average of 2.19% by 0.71 pp. It ranked #41 of 70 in its category that year.

JM ELSS Tax Saver Fund (Direct) - IDCW 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) - IDCW 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.