Investment type
JM ELSS Tax Saver Fund - Direct (G) is a mutual fund under the Tax Saving Funds category, managed by JM Financial Mutual Fund. It was launched on 09 Jun 1994, and has been active for over 31 years. As of 30 Jun 2025 the fund manages assets worth ₹209 Crores. The expense ratio is 1.11%.
This fund generated returns of -1.2% in the last 1 year. Since its inception, it has provided an average annual return of 17.52%.
The fund's investments are mainly concentrated in sectors like Banks, Consumer Durables, Pharmaceuticals & Biotech, IT-Software and Finance.
The top five holdings in this fund include prominent companies such as Larsen & Toubro, ICICI Bank, HDFC Bank, Reliance Industr and OneSource Speci..
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.
ELSS funds carry moderate to high risk due to their equity exposure, though they also offer tax benefits.
Yes, if you want tax savings and are willing to invest in equities with a three-year lock-in period.
The minimum is three years, but staying invested longer can help maximize returns.
No, ELSS funds have a mandatory lock-in period of three years.
Expense ratios for ELSS funds can vary from 1% to 2%, which is typical for actively managed funds.
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