Should I invest in JM Tax Gain Fund?

We don't give personal investment advice. JM Tax Gain Fund - 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: 21.3%. 5-year CAGR: 13.92%.

JM Financial

JM Tax Gain Fund - Growth option

Latest NAV

₹47.8018

As of

3 Jun 2026

4,453 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	-0.19%	-2.11%	+1.92	72 / 90	Q4
1W	-0.99%	-4.12%	+3.12	38 / 87	Q2
2W	+0.94%	-3.75%	+4.69	17 / 87	Q1
1M	+0.30%	-5.60%	+5.90	15 / 87	Q1
3M	+5.36%	-5.40%	+10.76	13 / 87	Q1
6M	-5.12%	-3.98%	-1.15	46 / 89	Q3
YTD	-4.32%	-5.20%	+0.87	32 / 89	Q2
1Y	+1.96%	+1.41%	+0.55	32 / 87	Q2
2Y	+2.16%	-0.15%	+2.31	31 / 86	Q2
3Y	+15.53%	+6.12%	+9.41	14 / 81	Q1
4Y	+16.21%	+7.91%	+8.31	4 / 78	Q1
5Y	+13.92%	+6.94%	+6.98	14 / 77	Q1
7Y	+15.30%	+8.75%	+6.55	9 / 75	Q1
10Y	+15.40%	+8.10%	+7.30	5 / 69	Q1
Inception	+8.78%	+5.86%	+2.93	41 / 91	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	-4.32%	-7.12%	+2.80	8 / 47
2025	+1.59%	+1.54%	+0.06	22 / 47
2024	+28.44%	+18.17%	+10.26	3 / 47
2023	+30.87%	+23.46%	+7.41	7 / 49
2022	+0.54%	+0.75%	-0.21	24 / 52
2021	+31.60%	+28.91%	+2.69	23 / 54
2020	+18.18%	+11.40%	+6.78	15 / 56
2019	+14.61%	+2.03%	+12.58	3 / 59
2018	-3.84%	-9.68%	+5.84	13 / 61
2017	+40.38%	+29.95%	+10.42	10 / 65
2016	+4.65%	-0.31%	+4.96	12 / 70

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

+15.66%

209 windows

min -55.2% · max 83.5%

72% positive

3-Year rolling

+13.61%

185 windows

min -13.4% · max 30.0%

86% positive

5-Year rolling

+14.35%

160 windows

min -7.3% · max 26.5%

97% positive

7-Year rolling

+14.03%

136 windows

min 0.7% · max 18.9%

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

15.00%

3-year · annualised

Sharpe ratio

0.62

vs risk-free 6.5%

Sortino ratio

1.04

Downside-only deviation

Max drawdown

-21.35%

Sep 2024 → Apr 2025

% positive months

66.7%

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 TaxSaver-Dividend Plan	HDFC	₹63.5390	3 Jun 2026
NIPPON INDIA ELSS TAX SAVER FUND - ANNUAL IDCW Option	Nippon India	₹19.9775	3 Jun 2026
SBI MAGNUM TAXGAIN SCHEME 1993 - DIVIDEND	SBI	₹85.4857	3 Jun 2026
ICICI Prudential Long Term Wealth Enhancement Fund - IDCW Option	ICICI Prudential	₹27.4000	3 Jun 2026
Quantum Tax Saving Fund - Dividend	Quantum	₹121.5100	3 Jun 2026
Motilal Oswal ELSS Tax Saver Fund - IDCW Payout	Motilal Oswal	₹29.6508	3 Jun 2026
Franklin India Taxshield-Dividend	Franklin Templeton	₹57.8774	3 Jun 2026
Kotak Tax Saver-Scheme-Dividend	Kotak Mahindra	₹41.1340	3 Jun 2026
EDELWEISS ELSS FUND - Dividend Option	Edelweiss	₹29.5000	3 Jun 2026
DSP BlackRock Tax Saver Fund - Dividend	DSP BlackRock	₹21.1600	3 Jun 2026

Recent NAVs

Date	NAV
3 Jun 2026	₹47.8018
2 Jun 2026	₹47.8905
1 Jun 2026	₹47.6561
29 May 2026	₹47.9203
27 May 2026	₹48.2807
26 May 2026	₹48.2097
25 May 2026	₹48.1491
22 May 2026	₹47.4977
21 May 2026	₹47.4188
20 May 2026	₹47.3551

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 Tax Gain Fund - Growth option is ₹47.8018. It's a ELSS from JM Financial, run as a Unknown plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

JM Tax Gain Fund - Growth option has NAV history starting from 23 Apr 2008, a track record of about 18 years 1 months. Long-tenured funds like this have weathered multiple market cycles — the 2008 crash, 2013 taper tantrum, 2020 COVID drawdown — which makes their returns more credible than a 3-year track record alone.

JM Tax Gain Fund - Growth option is managed by JM Financial. 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 Tax Gain Fund - Growth option has delivered a absolute return of 1.96% — +0.55 pp ahead of the ELSS category average of 1.41%. The fund ranks #32 of 87 in its category — the second (Q2) quartile.

Over the trailing 3-year window, JM Tax Gain Fund - Growth option has delivered a CAGR of 15.53% — +9.41 pp ahead of the ELSS category average of 6.12%. The fund ranks #14 of 81 in its category — the top (Q1) quartile.

Over the trailing 5-year window, JM Tax Gain Fund - Growth option has delivered a CAGR of 13.92% — +6.98 pp ahead of the ELSS category average of 6.94%. The fund ranks #14 of 77 in its category — the top (Q1) quartile.

₹1 lakh invested in JM Tax Gain Fund - Growth option exactly 10 years ago would be worth approximately ₹418,984 today — a multiplier of 4.19×, based on the 10-year CAGR of 15.40%. The category average over the same window would have grown ₹1 lakh to ₹217,976.

A ₹10,000 monthly SIP in JM Tax Gain Fund - Growth option over the last 5 years — total invested ₹600,000 — would be worth ₹811,056 today. That's an XIRR (money-weighted annualised return) of 12.00%.

A ₹10,000 monthly SIP for 10 years in JM Tax Gain Fund - Growth option = ₹1,200,000 invested. It would currently be worth ₹2,616,801 (multiplier 2.18×). XIRR: 14.90%. Long-horizon SIP results matter more than point-to-point returns because they smooth out entry timing.

On a 5-year basis, JM Tax Gain Fund - Growth option ranks #14 out of 77 funds in the ELSS category — that places it in the top quartile (Q1) — strong outperformance. The category average return over the same window is 6.94%; this fund delivered 13.92%.

The worst peak-to-trough decline JM Tax Gain Fund - Growth option has experienced over the last 5-year window is 21.35% — 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 Tax Gain Fund - Growth option averaged 14.35% (best 26.52%, worst -7.26%). 97% of rolling windows ended positive. The 5-year Sharpe ratio is 0.51 — reasonable risk-adjusted performance.

In calendar year 2025, JM Tax Gain Fund - Growth option returned 1.59% — beating the ELSS category average of 1.54% by 0.06 pp. It ranked #22 of 47 in its category that year.

JM Tax Gain Fund - 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 Tax Gain Fund - 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: 21.3%. 5-year CAGR: 13.92%.

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