MonitorDirect · GrowthWatch before adding
JM ELSS - Tax Saver Fund
JM Financial Mutual FundEquity Schemes - ELSS- Tax Saver Fund13.8 years
The scheme aims at achieving long term growth of capital along with income tax relief for investment. At least 80% of the funds will be invested in equity instruments.
- NAV
- 57.5986
- 29 Oct 2026
- 1Y
- -0.9%
- Trailing CAGR
- AUM
- ₹239.9 Cr
- 30 Sept 2026
- Volatility
- High
- 17.2% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 Oct 2026
Stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · The fund beat the category median in 88% of rolling 3-year windows.
Fits if · Three-year return is above the category median.
Prefer peers if · Prefer HSBC ELSS Tax saver Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
13.8 years of path to read.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
1.34% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Watch
Peak-to-trough -37.4%. Ask whether you can hold through a similar fall.
Vs category
Pass
88% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Watch
Deepak Gupta · 1.6 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / lock-in
Watch
ELSS locks each installment for 3 years. Useful only if 80C is open on the old regime - otherwise locked equity.
Portfolio concentration
Pass
Top 10 holdings ≈ 26.7% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 37%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
Monitor is recent mixed evidence - keep the SIP unless the buying brief says prefer peers, then swap with intent.
ELSS lock-in
Every installment locks for 3 years. Only useful if 80C is still open on the old regime - otherwise it is locked equity, not a tax cut.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y-0.9%
- 3Y+16.0%
- 5Y+12.5%
- 10Y+15.5%
- SI+16.2%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+5.2%
- 3Y+6.7%
- 5Y+13.1%
- 10Y+15.8%
- Since inception
- +16.2%
- Calendar-day CAGR
- Excess 1Y
- +4.5%
- Category median, same plan and option
- 3Y win rate
- +88%
- Windows beating the median
- 3Y percentile
- 100
- Vs comparable share classes
- SIP 3Y XIRR
- +6.7%
- Simulated monthly SIP
- Worst rolling 3Y
- -3.5%
- 2653 daily-ending windows
- Median rolling 3Y
- +17.9%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 2160 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -37.4%
- Worst peak-to-trough
- Current
- -6.6%
- Below last peak
- Current spell
- 80 days
- Days below latest peak
- Time below peak
- +88%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 19 days
- 140 recovered episodes
- Longest recovery
- 480 days
- Trough to prior peak
19 Feb 2020 – 10 Nov 2020
Trough 23 Mar 2020 · recovered in 232 days
-37.4%
7 Aug 2015 – 27 Jul 2016
Trough 25 Feb 2016 · recovered in 153 days
-21.4%
24 Sept 2024 – 31 Jul 2026
Trough 7 Apr 2025 · recovered in 480 days
-20.9%
9 Nov 2021 – 26 May 2023
Trough 20 Jun 2022 · recovered in 340 days
-20.5%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
100
Vs category
78
Consistency
75
Risk-adjusted
57
Drawdown
7
Mean
63
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Monitor
Buying stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
Why this status
- Maximum drawdown exceeded 35%.
Supporting reads
- The fund beat the category median in 88% of rolling 3-year windows.
- Three-year return is above the category median.
- Risk-adjusted return sits above the documented risk-free proxy.
Portfolio
30 Sept 2026 · 55 holdings · top 10 are 26.7%.
- Top 5
- 15.0%
- Top 10
- 26.7%
- Largest holding
- 3.4%
- Effective holdings
- 50.5
Syrma SGS Technology Ltd
Technology
3.4%
One 97 Communications Ltd
Industrials
3.3%
HDFC Bank Ltd
Financial
2.9%
Karur Vysya Bank Ltd
Financial
2.7%
ICICI Bank Ltd
Financial
2.7%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
HSBC ELSS Tax saver Fund
HSBC Mutual Fund
- 1Y
- -2.9%
- 3Y
- +15.4%
- Vol
- 15.4%
- Max DD
- -19.2%
- Sharpe
- 0.59
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
WhiteOak Capital ELSS Tax Saver Fund
WhiteOak Capital Mutual Fund
- 1Y
- -2.1%
- 3Y
- +15.8%
- Vol
- 13.2%
- Max DD
- -16.4%
- Sharpe
- 0.79
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
Axis ELSS- Tax Saver Fund
Axis Mutual Fund
- 1Y
- -5.1%
- 3Y
- +10.7%
- Vol
- 15.2%
- Max DD
- -33.5%
- Sharpe
- 0.64
- 3Y win
- +49%
- Lower volatility
- Shallower drawdown
- Lower TER
Caveat: Lower trailing returns
Bajaj Finserv ELSS - Tax Saver Fund
Bajaj Finserv Mutual Fund
- 1Y
- -3.7%
- 3Y
- n/a
- Vol
- 13.1%
- Max DD
- -13.5%
- Sharpe
- 0.13
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Lower TER
Caveat: Lower trailing returns
BANK OF INDIA ELSS TAX SAVER FUND
Bank of India Mutual Fund
- 1Y
- -2.8%
- 3Y
- +12.4%
- Vol
- 16.4%
- Max DD
- -31.7%
- Sharpe
- 0.66
- 3Y win
- +73%
- Lower volatility
- Shallower drawdown
- Lower TER
Caveat: Lower trailing returns