NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

JM Tax Gain Fund - Growth for NRI [50.77]

Min Investment

500

Fund Size

180.91 Cr

Expense Ratio

2.4%

Exit Load

0%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

50.77

0.11%

NAV as on 09 Dec 24, 12:00 AM

very high risk

elss (tax savings)

elss

NAV as on 09 Dec 24, 12:00 AM

very high risk

elss (tax savings)

elss

38.74%p.a.

Last 1Y

20.46%p.a.

Last 3Y

23.15%p.a.

Last 5Y

10.02%p.a.

Since Inception

About JM Tax Gain Fund - Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the JM Tax Gain Fund - Growth scheme from JM Financial Asset Management Limited. It is a ELSS (Tax Savings) mutual fund scheme that predominantly invests in ELSS (Tax Savings) stocks of companies. Launched on Mar 2008, JM Tax Gain Fund - Growth is ELSS (Tax Savings) fund of its category with 180.91 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category ELSS (Tax Savings) funds.

  • JM Tax Gain Fund - Growth delivered 38.7% annual returns during the last year. It has delivered 10.0% average annual returns since the fund was launched.
  • JM Tax Gain Fund - Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in elss

Fund Objective

The investment objective is to generate long-term capital growth from a diversified and actively managed portfolio of equity and equity related securities and to enable investors a deduction from total income, as permitted under the Income Tax Act, 1961 from time to time. However, there can be no assurance that the investment objectives of the Scheme will be realized. The Scheme does not guarantee/indicate any returns.

Top 10 Holdings

HDFC Bank Ltd

5.29%

Infosys Ltd

4.80%

ICICI Bank Ltd

4.00%

Larsen & Toubro Ltd

3.35%

State Bank of India

2.85%

Bharti Airtel Ltd

2.74%

Newgen Software Technologies Ltd

2.25%

Bajaj Auto Ltd

2.20%

SBI Life Insurance Co Ltd

2.06%

Hindalco Industries Ltd

2.05%

Fund Managers

  1. Satish Ramanathan (Oct 2024 - Present)
  2. Asit Bhandarkar (Dec 2021 - Present)
  3. Chaitanya Choksi (Jul 2014 - Present)
  4. Ruchi Fozdar (Oct 2024 - Present)

Key Information

View Scheme Document

JM Tax Gain Fund - Growth SIP Calculator

If invested

5,000

per month

For a period of

Investment of 0 could have been

0(+0.0%)

0 (+0.0%)

This Fund

0 (+0.0%)

Fixed Deposit

NRI Mutual Fund Tax on JM Tax Gain Fund - Growth

Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.

Fund TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% with indexation benefits

How can NRIs invest in JM Tax Gain Fund - Growth?

NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:

  • Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
  • PAN Number
  • Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
  • Passport – front and back
  • Passport size photograph
  • signature

If all details are correct, your KYC will be approved within 7 to 8 business days.

  • Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in JM Tax Gain Fund - Growth
  • Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
  • City and country of birth
  • NRE/NRO bank account statement/ canceled cheque for the latest 3 months
  • Nominee details

Frequently Asked Questions