NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹49.74
-0.54%
NAV as on 18 Dec 24, 12:00 AM
very high risk
elss (tax savings)
elss
NAV as on 18 Dec 24, 12:00 AM
very high risk
elss (tax savings)
elss
30.70%p.a.
Last 1Y
20.54%p.a.
Last 3Y
21.92%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 183.48 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 30.7% 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
5.40%
Infosys Ltd
4.91%
ICICI Bank Ltd
3.97%
State Bank of India
3.33%
Larsen & Toubro Ltd
2.93%
Bharti Airtel Ltd
2.72%
Bajaj Auto Ltd
2.49%
Tech Mahindra Ltd
2.47%
Mrs Bectors Food Specialities Ltd Ordinary Shares
2.12%
Power Finance Corp Ltd
2.10%
Fund Managers
- Satish Ramanathan (Oct 2024 - Present)
- Asit Bhandarkar (Dec 2021 - Present)
- Chaitanya Choksi (Jul 2014 - Present)
- Ruchi Fozdar (Oct 2024 - Present)
Key Information
View Scheme Document
JM Tax Gain Fund - Growth SIP Calculator
If invested
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This Fund
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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 Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% 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
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Frequently Asked Questions
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