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: 15.17%.

JM ELSS Tax Saver Fund (Direct) - IDCW

Latest NAV

₹53.8685

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%	+0.12%	-0.30	50 / 76	Q3
1W	-0.97%	-1.31%	+0.35	13 / 76	Q1
2W	+0.99%	+0.08%	+0.92	14 / 76	Q1
1M	+0.41%	-0.99%	+1.39	7 / 76	Q1
3M	+5.71%	-0.23%	+5.95	14 / 76	Q1
6M	-4.49%	-4.25%	-0.23	23 / 76	Q2
YTD	-3.78%	-3.63%	-0.16	19 / 76	Q1
1Y	+3.32%	+1.70%	+1.62	18 / 76	Q1
2Y	+3.47%	+3.10%	+0.37	20 / 75	Q2
3Y	+16.95%	+10.95%	+5.99	6 / 75	Q1
4Y	+17.56%	+11.02%	+6.54	4 / 69	Q1
5Y	+15.17%	+10.65%	+4.52	11 / 65	Q1
7Y	+16.45%	+11.69%	+4.76	13 / 63	Q1
10Y	+16.47%	+10.10%	+6.37	1 / 46	Q1
Inception	+16.15%	+10.74%	+5.41	5 / 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	-3.78%	-5.99%	+2.21	13 / 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

+20.10%

152 windows

min -25.7% · max 78.2%

82% positive

3-Year rolling

+17.44%

128 windows

min -3.1% · max 31.1%

98% positive

5-Year rolling

+17.07%

103 windows

min 1.9% · max 27.7%

100% positive

7-Year rolling

+16.42%

79 windows

min 10.8% · 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 - IDCW Option - Direct Plan	HDFC	₹88.8430	3 Jun 2026
NIPPON INDIA ELSS TAX SAVER FUND - DIRECT Plan - ANNUAL IDCW Option	Nippon India	₹21.9652	3 Jun 2026
SBI ELSS Tax Saver Fund - Direct Plan - Income Distribution cum Capital Withdrawal Option (IDCW)	SBI	₹113.4965	3 Jun 2026
ICICI Prudential ELSS Tax Saver Fund - Direct Plan - IDCW	ICICI Prudential	₹43.2500	3 Jun 2026
Invesco India ELSS Tax Saver Fund - Direct Plan - IDCW Payout	Invesco	₹30.0200	3 Jun 2026
BANDHAN ELSS Tax Saver Fund - Direct Plan - IDCW	Bandhan	₹40.0710	3 Jun 2026
quant ELSS Tax Saver Fund - IDCW Option - Direct Plan	Quant	₹59.0826	3 Jun 2026
Aditya Birla Sun Life ELSS Tax Saver Fund-DIRECT - IDCW	Aditya Birla Sun Life	₹417.8400	3 Jun 2026
Motilal Oswal ELSS Tax Saver Fund Direct - IDCW Payout	Motilal Oswal	₹38.4424	3 Jun 2026
Franklin India ELSS Tax Saver Fund - Direct - IDCW	Franklin India	₹67.3238	3 Jun 2026

Recent NAVs

Date	NAV
3 Jun 2026	₹53.8685
2 Jun 2026	₹53.9664
1 Jun 2026	₹53.7004
29 May 2026	₹53.9923
27 May 2026	₹54.3943
26 May 2026	₹54.3123
25 May 2026	₹54.2422
22 May 2026	₹53.5025
21 May 2026	₹53.4117
20 May 2026	₹53.3380

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) - IDCW is ₹53.8685. 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 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) - 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 3.32% — +1.62 pp ahead of the ELSS category average of 1.70%. 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 16.95% — +5.99 pp ahead of the ELSS category average of 10.95%. The fund ranks #6 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 15.17% — +4.52 pp ahead of the ELSS category average of 10.65%. The fund ranks #11 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 ₹459,434 today — a multiplier of 4.59×, based on the 10-year CAGR of 16.47%. The category average over the same window would have grown ₹1 lakh to ₹261,744.

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 ₹839,088 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) - IDCW = ₹1,200,000 invested. It would currently be worth ₹2,785,163 (multiplier 2.32×). XIRR: 16.06%. 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 #11 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 15.17%.

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 17.07% (best 27.74%, worst 1.85%). 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) - 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: 15.17%.

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