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JM ELSS Tax Saver Fund: Tax-Saving Equity Fund with 3-Year Lock-in

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Invest in JM ELSS Tax Saver Fund for tax benefits under Section 80C. This equity-linked savings scheme offers long-term wealth creation with minimum SIP of ₹500 and 3-year lock-in period.

Investment Objective and Approach

The scheme aims at achieving long term growth of capital along with income tax relief for investment. 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.

At least 80% of the funds will be invested in equity instruments, in accordance with Equity Linked Saving Scheme, 2005 notified by Ministry of Finance. The fund follows an active investment approach, focusing on identifying undervalued securities with strong growth potential across various market capitalizations.

Key features of the investment approach include:

- Active portfolio management across equity and equity-related securities

- Focus on long-term capital appreciation

- Tax-efficient investment structure under ELSS category

- Mandatory 3-year lock-in period to encourage disciplined long-term investing

- Tax exemption under Section 80C of the Indian income tax laws, with investments of up to Rs 1.5 lakh in a financial year eligible for tax deduction

Fund Managers

The fund is managed by experienced professionals with extensive market expertise:

Satish Ramanathan - Chief Investment Officer

Mr. Ramanathan holds a B.Tech degree and has done MBA and CFA. Prior to joining JM Mutual Fund, he has worked with Sundaram BNP Paribas AMC and has an extensive experience in the asset management business with stints in Research division of Sundaram AMC and managing funds for Franklin Templeton. He has also worked with ICICI Securities for 4 years, with Birla Merlin & Dewoo Finance for 1 year, with ICRA Ltd. for 2 years and for 1 year with Tata Economic Consultancy Services.

The fund management team brings together diverse expertise in equity research, portfolio management, and risk assessment to deliver consistent performance while managing downside risks effectively.

About the Fund House (AMC)

JM Financial Mutual Fund is one of the first privately operated mutual funds company, which commenced its operations back in 1993-94. It is a subsidiary of the much older JM Financial Group, which has a rich pedigree and long standing in the financial services sector of India.

JM Financial Ltd. (JMFL) is an Indian financial services group headquartered in Mumbai and has branches across India. It also has overseas branches in Ebene, Singapore, New Jersey and Dubai although almost all the group's business are domestic operations in India. JM Financial was founded in 1973 by Mahendra Kampani and Nimesh Kampani as a spin-off from Jamnadas Morarjee Securities' investment banking arm.

Key Highlights:

- JM Financial fund had an asset under management (AUM) of Rs. 6197.03 cr as of 31st March 2024

- It is among the oldest private-sector mutual funds in India and has now grown to have a base of over 19,000 distributors across different locations in the country. The fund caters to individual and institutional investors and extends 14 different types of funds to lakhs of investors.

- As of March 2024, they manage assets worth Rs. 5819.13 Crore spread across 74 schemes.

- They deal in the entire gamut of mutual funds including debt, equity, ELSS, liquid and fixed assets funds.

The fund house has established a strong track record in investment banking and asset management, with JM Financial ranked #1 for the highest number of IPOs executed in CY2023, demonstrating their market expertise and execution capabilities.

Should I Invest in JM ELSS Tax Saver Fund?

This fund is suitable for investors seeking:

Tax Benefits and Wealth Creation

- Having a statutory lock-in period of 3 years, ELSS Funds enable long term wealth accumulation along with the benefit of tax saving. Investing in ELSS Funds makes you eligible to claim a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act 1961.

Performance Considerations:

- It has delivered 9.23% returns since inception (as of March 2025)

- The fund has given 6.2% over the last 1 year, 20.1% over the last 3 years, 28.2% over the last 5 years and 17.4% since its inception

- The expense ratio of JM ELSS Tax Saver Fund is 2.37

Investment Requirements:

- Minimum SIP amount required is INR 500

- Minimum lump sum amount required is INR 500

Who Should Consider:

- First-time equity investors looking for tax benefits

- Investors with a long-term horizon (minimum 5+ years recommended)

- Those seeking systematic investment through SIP route

- Investors comfortable with equity market volatility

Important Considerations:

- Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years

- The fund invests primarily in equity markets and is subject to market risks

- Past performance does not guarantee future returns

FAQs

What is today's NAV of JM ELSS Tax Saver Fund?

The NAV changes daily based on market conditions. You can check the latest NAV on Allvest's platform or the official AMC website for real-time updates.

What is the AUM of JM ELSS Tax Saver Fund?

It has an AUM of ₹183.63 Crores as on 26 Apr 2025. The AUM reflects the total value of assets managed by the fund.

What is the expense ratio of JM ELSS Tax Saver Fund?

The expense ratio of JM ELSS Tax Saver Fund is 2.37, which covers fund management and operational costs.

What are the returns of JM ELSS Tax Saver Fund since inception?

It has delivered 9.23% returns since inception. However, past performance doesn't guarantee future returns and investments are subject to market risks.

What is the minimum SIP amount to invest in JM ELSS Tax Saver Fund?

Minimum SIP amount required for JM ELSS Tax Saver Growth Direct Plan is INR 500. This makes it accessible for small investors to start their tax-saving journey.

How do I invest in JM ELSS Tax Saver Fund?

You can invest through Allvest's platform by completing your KYC, selecting the fund, choosing between SIP or lump sum investment, and making the payment. The process is completely online and paperless.

How to start a SIP in JM ELSS Tax Saver Fund?

Login to Allvest, search for JM ELSS Tax Saver Fund, select the SIP option, enter your monthly investment amount and date, complete the payment setup, and your SIP will be activated automatically.

How do I automate an SIP in JM ELSS Tax Saver Fund?

Set up a bank mandate through Allvest which will automatically deduct your SIP amount from your bank account on the chosen date every month, ensuring consistent investments without manual intervention.

How can I withdraw/redeem my investment in JM ELSS Tax Saver Fund?

You can redeem your investment only after the completion of the 3-year lock-in period through Allvest's platform. Simply go to your portfolio, select the redeem option, and specify the amount you wish to withdraw.