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.
Exit Load--
Stamp duty on investment0.005% (from July 1st, 2020)
Tax implicationsIf you redeem within one year, your returns will be taxed at 20%. For redemptions after one year, returns exceeding ₹1.25 lakh in a financial year will be taxed at 12.5%.
Gurvinder Singh Wasan
Mr. Wasan is a Chartered Accountant, CFA and Master of Commerce from Mumbai University.
Prior to joining Baroda BNP Paribas Mutual Fund, he has worked with JM Mutual, Principal Mutual Fund, Crisil Ltd. and ICICI Bank Ltd.
Common questions about this fund, answered from scheme data
The latest Net Asset Value (NAV) of JM ELSS - Tax Saver Fund is ₹50.27 as of 2026-10-09.
JM ELSS - Tax Saver Fund is classified as a ELSS - Tax Saver fund.
JM ELSS - Tax Saver Fund is managed by JM Financial Mutual Fund.
The Assets Under Management (AUM) of JM ELSS - Tax Saver Fund is ₹239.9 Cr.
The expense ratio of JM ELSS - Tax Saver Fund is 2.68%.
JM ELSS - Tax Saver Fund is managed by Gurvinder Singh Wasan.
The minimum SIP investment for JM ELSS - Tax Saver Fund is ₹500.
As per the SEBI Riskometer, JM ELSS - Tax Saver Fund carries a Very High risk level.
JM ELSS - Tax Saver Fund has delivered 1.66% (1Y), 13.41% (3Y) and 11.17% (5Y) annualised returns as of 2026-10-09.
JM ELSS - Tax Saver Fund was launched on 1994-09-15.
Open an account with Indiabulls Securities, complete your KYC, and invest via SIP or a one-time lumpsum through our platform.
A Systematic Investment Plan (SIP) lets you invest a fixed amount at regular intervals (e.g., monthly) instead of a single lumpsum.
There is no separate brokerage on mutual fund units. The AMC charges an expense ratio, which is already reflected in the NAV. An exit load may apply if you redeem before the specified period.
Mutual fund NAVs are declared once per business day after market close, in line with SEBI norms.
The FAQs above are generated from data provided by the AMC and are for educational purposes only. They do not constitute financial advice, buy/sell recommendations, or return guarantees. Mutual fund investments are subject to market risks — read all scheme-related documents carefully before investing. Past performance is not indicative of future returns.
