JM ELSS Tax Saver Fund (Direct)

ELSS Tax SaverEquity SEBI-regulated

NAV (Direct-Growth)

₹57.9566

As of 1 Jul 2026 · AMFI

AUM

₹222.93 Cr

Expense ratio

0.93%

1Y returns

+4.50%

cat -1.72%

3Y CAGR

+17.22%

cat 12.95%

5Y CAGR

+16.23%

cat 12.58%

Std deviation 3Y

+16.81%

cat 15.47%

In plain English

JM ELSS Tax Saver Fund (Direct) is a ELSS Tax Saver scheme from JM Financial. The portfolio is ~97% in equities. Long-run track record: about 16.2% CAGR over 5 years. Volatility is typical for equity — 20–30 % drawdowns happen during market stress. Worst historical drawdown: -37% in Mar 2020, recovered in 8 months. Mandatory 3-year lock-in. Wrong fit if you need access sooner.

Auto-generated from holdings, returns and risk data. No paid placement, no copy-pasted boilerplate.

NAV history

NAV (Direct-Growth)

₹57.9566

Last 1Y

+3.46%

Jul 25Min ₹48.58 · Max ₹58.46 · 202 ptsJul 26

Drawdown stories

The crashes you should know about — and how long the fund took to recover.

Mar 2020

-37.4%

Peak ₹20.83 on 19 Feb 2020 → trough ₹13.04 on 23 Mar 2020 (1 months down).

Recovered in 8 months· 10 Nov 2020

Feb 2016

-21.4%

Peak ₹12.82 on 7 Aug 2015 → trough ₹10.07 on 25 Feb 2016 (7 months down).

Recovered in 5 months· 27 Jul 2016

Apr 2025 — ongoing

-20.9%

Peak ₹60.01 on 24 Sept 2024 → trough ₹47.50 on 7 Apr 2025 (7 months down).

Not yet recovered

Jun 2022

-20.5%

Peak ₹33.48 on 9 Nov 2021 → trough ₹26.62 on 20 Jun 2022 (7 months down).

Recovered in 11 months· 26 May 2023

Computed from the full NAV history. We show drawdowns deeper than 10%, sorted by depth.

Honesty score

A 1–5 grade on the dimensions other sites won't surface — expense bloat, AUM bloat, concentration, mandate compliance.

Honesty score

5 / 5

Solid scheme on the dimensions we check. No red flags.

Expense ratio
0.93% — typical for category.
AUM size
₹223 Cr.
Sector concentration
Top 3 sectors = 56.5% — diversified across sectors.

Computed from expense ratio, AUM, sector concentration and SEBI mandate compliance. No paid review.

Performance

Returns for various periods, with category average and peer rank.

Period	Returns	Category avg	Rank
1W	+1.50%	-1.21%	11/ 55
1M	+10.21%	+6.78%	12/ 55
3M	+2.42%	-0.40%	16/ 55
6M	+0.72%	-2.61%	14/ 54
YTD	+1.32%	-2.27%	15/ 54
1Y	+4.50%	-1.72%	14/ 54
2Y	+6.35%	+4.55%	25/ 54
3Y	+17.22%	+12.95%	12/ 52
5Y	+16.23%	+12.58%	12/ 47
7Y	+17.02%	+12.47%	15/ 46
10Y	+16.96%	+14.00%	5/ 32

Portfolio composition

Asset allocation

Equity97.37%
Cash2.63%

By market cap

Large cap43.09%
Mid cap24.21%
Small cap34.03%

Concentration

Holdings

Avg market cap

₹95.6K Cr

Top 10 stocks

27.87%

Top 5 stocks

14.82%

Top 3 sectors

56.46%

Top holdings

Top 15 positions by weight, latest disclosure.

#InstrumentSectorWeight

1
HDFC Bank Ltd
—3.67%
2
Reliance Industries Ltd
—3.67%
3
Larsen & Toubro Ltd
—3.30%
1
HDFC Bank Ltd
—3.28%
2
Reliance Industries Ltd
—3.16%
4
Bharti Airtel Ltd
—3.00%
5
ICICI Bank Ltd
—2.99%
6
Lupin Ltd
—2.96%
7
Karur Vysya Bank Ltd
—2.94%
3
Syrma SGS Technology Ltd
—2.90%
4
ICICI Bank Ltd
—2.73%
5
Larsen & Toubro Ltd
—2.73%
6
Adani Power Ltd
—2.72%
7
Bharti Airtel Ltd
—2.70%
8
Travel Food Services Ltd
—2.68%

Fundamentals (vs category)

Portfolio-weighted ratios, compared with the category average.

MetricFundCategory avgDiff

P/E ratio27.3724.09+3.28
P/B ratio3.533.29+0.24
Price / Sales3.152.96+0.19
Price / Cash Flow19.2218.13+1.09
Dividend yield0.87%1.23%-0.36
Return on equity (ROE)15.47%16.61%-1.14

Risk metrics

Standard deviation, Sharpe, Sortino, Beta — all vs category average.

Metric1Y3Y5YCat 1YCat 3YCat 5Y

Standard deviation
Volatility — lower means steadier returns.
15.4916.8115.7117.2615.4714.47
Sharpe ratio
Risk-adjusted return — higher is better.
-0.040.640.66-0.400.450.49
Sortino ratio
Like Sharpe but only counts downside volatility.
-0.051.001.07-0.500.670.75
Beta
1 = moves with the market. <1 = less volatile.
1.051.041.010.960.960.94

Peers in ELSS Tax Saver

Other schemes in the same SEBI category, ranked by AUM.

Peer fundAUM1Y3Y CAGRExpense

Peers in same SEBI category, ranked by AUM. Compare any →

Available plans & options

PlanOptionFull nameISIN

DirectGrowthJM ELSS Tax Saver Fund (Direct) - Growth OptionINF192K01CE3
DirectIDCW PayoutJM ELSS Tax Saver Fund (Direct) - IDCWINF192K01CD5

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