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JM Tax Gain Fund

This product is suitable for investors who are seeking* :

  • Capital Appreciation over Long Term.
  • Investment predominantly in Equity & Equity related securities and to enable investors tax deduction from total income as permitted under Income Tax Act, 1961 from time to time.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Investment 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.

Scheme Features
Inception Date :

31st March, 2008

Type of Scheme :

An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit

Plans and Options :

Dividend Option (Payout only), Growth Option, (Direct) Dividend Option (Payout only) & (Direct) Growth Option

Investment Strategy : The Mutual Fund may invest in any of the following securities or a combination of the following securities subject to the Regulations and the investment objective and the terms of the scheme set out elsewhere in the Scheme Information Document. The corpus of the Scheme will be invested in equity, equity related instruments, derivatives such as futures and options and fixed income securities.
Minimum Application Amount / Number of Units :

Purchase : Rs. 500/- or in multiples of Rs.500/- thereafter

Additional Purchase : in multiples of Rs.500/-

Repurchase : There is no minimum limit on the amount/units which can be redeemed/switched-out. The investor is free to redeem any or all units outstanding in his/her/their folio subject to completion of the lock-in period of 3 years from the date of allotment of units

Entry Load :


Exit Load :

Nil. In Case of STP for JM Tax Gain Fund, Switch out will be applicable only after the completion of the lock in period

ISIN No. :

Payout - Payout - INF192K01643, Growth - INF192K01650

Lock-in Period


The scheme is open for continuous redemption on all business days subject to the completion of a lock-in period of three years from the date of allotment of units, as prescribed in the ELSS guidelines under section 80C. It may, however, be noted that, in the event of the death of the unit holder,the nominee or legal heir, (subject to production of requisite documentary evidence to the satisfaction of the AMC) as the case may be, shall be able to redeem the investment only after the completion of one year, or any time thereafter, from the date of allotment of units to the deceased unit holder. The Trustee reserves the right to change the lock-in period prospectively from time to time, in the event of amendment(s) in the ELSS guidelines with respect to the lock-in period.

Benchmark Index :

S&P BSE 500

SIP / STP / SWP Option :

SIP / STP option available.
SWP option not available.

Tax Benefits :

Provisions applicable to ELSS schemes will apply. For more information, click here

Plans / OptionsLatest NAV (Rs.)
Dividend Option15.8246 (18 Jan 2019)
Growth Option15.8248 (18 Jan 2019)
(Direct) Dividend Option16.5938 (18 Jan 2019)
(Direct) Growth Option17.0133 (18 Jan 2019)
Liquidity : Being open-ended scheme, units may be purchased on every business day at NAV based prices subject to provisions of exit load. Units under the scheme can be redeemed on every business day at the redemption price after a lock in period of three years from the date of allotment. It will be our endeavour to dispatch redemption proceeds at T+3 working days. However, as per regulations, the Fund is required to dispatch redemption proceeds within 10 Business days of receiving valid redemption request.
Fund Manager : Sanjay Chhabaria
(Total 14 yrs of experience in fund management & equity research). Chaitanya Choksi
(Total 11 years of work experience in the field of equity research and capital markets)
Click here for Monthly Portfolios

Click here for Scheme Performance

Click here for Scheme Comparison

  • Toll - Free No. : 1800-1038-345
  • Email : investor@jmfl.com
  • SMS 'SMS code' to '9028364444' for latest NAV
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