JM Financial ELSS Mutual Funds

JM Financial ELSS Mutual Funds are Equity linked savings scheme funds in India. They invest primarily in equity and equity-related securities of companies eligible for tax benefits under Section 80C of the Income Tax Act. These funds have a lock-in period of 3 years.

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Best Mutual Funds 2024

Result Showing 1-4 of 4 Mutual Funds

    Mutual Fund Schemes
    Category
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    5Y Returns
    AUM
    (in Cr.)
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    elss
    46.01Feb 23, 2024
    21%
    ₹106

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    elss
    44.88Feb 23, 2024
    21%
    ₹106

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    elss
    41.00Feb 23, 2024
    20%
    ₹106

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    elss
    41.00Feb 23, 2024
    20%
    ₹106

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    Result Showing 1-4 of 4 Mutual Funds

    Investment Objective

    JM Financial ELSS Mutual Funds, a diversified investment tool in the lines of equity, can be a lucrative wealth-creating solution for many. This is assessed to give out attractive returns in the long run. With the JM Financial ELSS mutual fund, allocation managers majorly assign the monetary capital in equity and equity-related financial instruments. With JM Financial’s expert panel of fund managers, capital is ensured to be invested in quality stocks after meticulous analysis of the market situation and performance. 

    Moreover, with the ELSS mutual fund class of investments, investors can also claim tax benefits under the Income Tax Act.

    Risks Involved in JM Financial ELSS Mutual Funds

    The JM Financial ELSS mutual funds can be considered moderately high to high compared to the other kinds of mutual funds, such as debt securities and hybrid funds. The returns mainly depend on the performance of the stocks in that the funds are invested. Consequently, the value of the fund's investments may fluctuate due to changes in the overall stock market. Moreover, the fund may invest in equity securities, which are subject to fluctuations in value due to changes in the performance of the underlying companies. Lastly, there is also the factor of currency risk. This means that the fund may invest in foreign securities, subject to fluctuations in value due to changes in currency exchange rates. Hence, it is always advisable to carefully read the documents and policies before investing.   

    Return Potential of JM Financial ELSS Mutual Funds

    Investors get their returns in the form of capital appreciation and dividends. Whenever the stocks in which the funds are invested produce great returns, the benefit goes to the investor. Moreover, the return potential of JM Financial ELSS Mutual Funds can vary depending on several factors, including the fund's investment strategy, the performance of the underlying securities, and market conditions. 

    JM Financial ELSS mutual fund returns are generally linked to the stock market's performance. In the past, ELSS funds have provided returns comparable to or higher than those of the broader stock market. However, it is essential to note that past performance is not a guarantee of future results and that the value of investments in these funds can fluctuate due to changes in market conditions.

    Who Should Invest in JM Financial ELSS Mutual Funds?

    ELSS mutual funds carry a bit of risk, and the investor should be looking forward to some of these risks. Thus, an ideal investor should have a risk appetite. Investors who want tax-saving options detailed under Section 80C of the Income Tax Act can also consider the JM Financial ELSS mutual funds. These are generally long-term investment options and require an investor ready to wait a few years. Also, anyone looking for a diversified investment option as these funds invest in a range of equity and equity-related securities.

    However, it's important to remember that the suitability of any investment depends on an individual's specific financial situation and goals. Before investing in any mutual fund, it's always a good idea to consult with a financial advisor or professional to understand if the fund aligns with your investment goals, risk tolerance, and overall financial situation.

    Things To Consider Before Investing in JM Financial ELSS Mutual Funds

    Before investing in JM Financial ELSS Mutual Funds, investors should consider their investment objective and risk tolerance capacity, research the fund manager’s track record, look into the fund’s portfolio, assess the expense ratio, consider whether one is ready for the lock-in period that comes with JM Financial ELSS mutual funds, and so on. Some of the other strategies include diversification. Any investment portfolio must diversify its investment across different asset classes and sectors. Lastly, understand the tax implications of investing in ELSS funds and how they fit into the overall tax planning strategy. 

    Tax on JM Financial ELSS Mutual Funds

    Investments in JM Financial ELSS Mutual Funds are eligible for tax benefits under Section 80C of the Income Tax Act in India. This means that the amount invested in these funds can be claimed as a deduction from an individual's taxable income up to a maximum limit of Rs 1.5 lakhs per financial year. This makes them an attractive option for investors looking to save on taxes.

    However, it's important to note that any capital gains earned on the sale of these funds after three years of holding them are taxed at 10% if the gains are less than Rs 1 Lakh and at 20% if the gains are more than Rs 1 Lakh. Also, any dividends earned on these funds are tax-free in the hands of the investor.

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    Frequently Asked Questions (FAQs)

    How is JM Financial ELSS Mutual Fund doing?

    Currently, JM Financial Tax Gain Direct Plan-Growth is at INR 31.7990 NAV with a positive 16.28% CAGR return. On the other hand, JM Tax Gain Direct Plan-IDCW is at INR 31.0150 with a positive CAGR return of 16.28%.

    Is JM Financial ELSS Mutual Fund Safe?

    JM Financial ELSS mutual funds heavily depend on the underlying stocks in the funds are invested. It is, however, considered a safe investment option with moderate to high-risk factors.

    Is it an excellent decision to invest in equity funds?

    Investing in an equity mutual fund is a proven way to create exceptional long-term returns. Although there are risks associated with the funds, they still can be a prudent investment option for investors with an appetite for moderate to high risk.
    Urban Money