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
₹43.07
2.05%
NAV as on 01 Apr 26, 12:00 AM
very high risk
elss (tax savings)
elss
NAV as on 01 Apr 26, 12:00 AM
very high risk
elss (tax savings)
elss
-2.38%p.a.
Last 1Y
15.46%p.a.
Last 3Y
12.92%p.a.
Last 5Y
8.44%p.a.
Since Inception
About JM ELSS Tax Saver Fund-Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the JM ELSS Tax Saver Fund-Growth scheme from JM Financial Asset Management Private 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 ELSS Tax Saver Fund-Growth is ELSS (Tax Savings) fund of its category with 217.28 Cr fund under management as on Mar 2026. The expense ratio of this fund is less than that of most other Fund category ELSS (Tax Savings) funds.
- JM ELSS Tax Saver Fund-Growth delivered -2.4% annual returns during the last year. It has delivered 8.4% average annual returns since the fund was launched.
- JM ELSS Tax Saver 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
Ambuja Cements Ltd
1.11%
Axis Bank Ltd
2.03%
Bajaj Finance Ltd
1.72%
Bajaj Auto Ltd
2.20%
Bharti Airtel Ltd
2.85%
Century Plyboards (India) Ltd
1.76%
Reverse Repo
0.92%
Net Receivables
0.93%
Onesource Specialty Pharma Ltd
1.93%
Coal India Ltd
1.10%
Fund Managers
- Ruchi Fozdar (Oct 2024 - Present)
- Satish Ramanathan (Oct 2024 - Present)
- Deepak Gupta (Apr 2025 - Present)
- Asit Bhandarkar (Dec 2021 - Present)
Key Information
View Scheme Document
JM ELSS Tax Saver Fund-Growth SIP Calculator
If invested
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For a period of
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₹0(+0.0%)
₹0 (+0.0%)
This Fund
₹0 (+0.0%)
Fixed Deposit
NRI Mutual Fund Tax on JM ELSS Tax Saver 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 ELSS Tax Saver 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 ELSS Tax Saver 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
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