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Funds/JM ELSS Tax Saver Fund

JM ELSS Tax Saver Fund

JM Financial Mutual Fund·ELSS - Tax Saver Fund·vs Nifty 500 TRI

The fund maintains a balanced yet conviction-driven approach with nearly 55% concentrated in financials and banks, betting on India's credit growth and financial deepening. Recent portfolio tweaks—adding quality industrials like Bosch and Hindalco while trimming cyclical miners and cement—suggest the manager is rotating toward secular growth and defensive quality, away from commodity-linked volatility. The substantial increase in Adani Power signals confidence in the energy transition narrative despite broader market concerns.

Portfolio analysis · April 2026

NAV & Returns

PlanNAV1M1Y3Y CAGR5Y CAGR
Primary₹47.5769+2.09%+1.88%+16.96%+15.60%
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.

Portfolio Metrics(latest month)

Holdings
52
Top 5 Weight
15.29%
Top 10 Weight
28.07%
Max Position
3.48%
Conviction Bets
19
Gini
0.180
Large Cap
42.51%
Mid Cap
23.46%
Small Cap
29.67%
Top Sector
Banks
Sector Count
29
HHI (bps)
20,313

vs Category Peers

Active Stock Picker
Active Share
66.75%
vs peer portfolio
Weight Overlap
30.79%
with avg peer
Cosine Similarity
0.559
portfolio angle
Peer Count
37
funds in category

Active Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.

Similar Funds in Category

Samco ELSS Tax Saver Fund
Samco Mutual Fund
Holdings
36
Top 5
23.11%
Gini
0.159
Motilal Oswal ELSS Tax Saver Fund
Motilal Oswal Mutual Fund
Holdings
28
Top 5
27.59%
Gini
0.215
Invesco India ELSS Tax Saver Fund
Invesco Mutual Fund
Holdings
67
Top 5
14.05%
Gini
0.217
Quantum ELSS Tax Saver Fund
Quantum Mutual Fund
Holdings
31
Top 5
27.57%
Gini
0.234
NJ ELSS Tax Saver Scheme
NJ Mutual Fund
Holdings
27
Top 5
29.44%
Gini
0.237
ITI ELSS Tax Saver Fund
ITI Mutual Fund
Holdings
72
Top 5
14.67%
Gini
0.266

What Changed2026-03-31 → 2026-04-30

Holdings: 53 → 54+5 added−4 removed32 weight shifts ≥ 0.1%
StockWeight
Navin Fluorine International Limited1.49%
Hindalco Industries Limited1.42%
Bosch Limited1.39%
INDIA CEMENTS LTD1.36%
Shriram Finance Limited1.32%

Full Holdings

#Holding% to NAV
1
Reliance Industries Limited
INE002A01018
3.48%
2
HDFC Bank Limited
INE040A01034
3.45%
3
Bharti Airtel Limited
INE397D01024
2.83%
4
ICICI Bank Limited
INE090A01021
2.79%
5
Larsen & Toubro Limited
INE018A01030
2.73%
6
Karur Vysya Bank Limited
INE036D01028
2.66%
7
Lupin Limited
INE326A01037
2.62%
8
SYRMA SGS TECHNOLOGY LIMITED
INE0DYJ01015
2.60%
9
Adani Power Limited
INE814H01029
2.52%
10
Travel Food Services Limited
INE103V01028
2.39%
11
Max Healthcare Institute Limited
INE027H01010
2.26%
12
United Spirits Limited
INE854D01024
2.24%
13
Jindal Steel Limited
INE749A01030
2.23%
14
One Source Specialty Pharma Ltd
INE013P01021
2.20%
15
Maruti Suzuki India Limited
INE585B01010
2.19%
16
Bajaj Auto Limited
INE917I01010
2.18%
17
Polycab India Limited
INE455K01017
2.18%
18
WeWork India Management Limited
INE085001019
2.08%
19
BSE Ltd
INE118H01025
2.07%
20
Sanathan Textiles Ltd.
INE0JPD01013
1.99%

Sector Allocation

Banks12.8%
Finance10.8%
IT - Software5.8%
Automobiles5.8%
Pharmaceuticals & Biotechnology4.8%
Construction4.5%
Leisure Services4.3%
Industrial Manufacturing3.8%
Capital Markets3.7%
Petroleum Products3.5%

Top 10 sectors by % to NAV. Excludes derivatives.

Frequently Asked Questions

How many stocks does JM ELSS Tax Saver Fund hold?

JM ELSS Tax Saver Fund holds 52 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 15.29% of NAV.

What is the largest holding in JM ELSS Tax Saver Fund?

The largest position in JM ELSS Tax Saver Fund is Reliance Industries Limited, accounting for 3.48% of NAV in the Petroleum Products sector.

Is JM ELSS Tax Saver Fund a concentrated or diversified fund?

With a Gini coefficient of 0.180, JM ELSS Tax Saver Fund is well-diversified. The HHI concentration index is 20,313 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 15.29% of the portfolio.

What is the market cap allocation of JM ELSS Tax Saver Fund?

Based on SEBI's AMFI classification, JM ELSS Tax Saver Fund's equity portfolio is split as: Large Cap: 42.51%, Mid Cap: 23.46%, Small Cap: 29.67%. This reflects the fund's positioning within the market cap spectrum.

Which sectors does JM ELSS Tax Saver Fund invest in most?

JM ELSS Tax Saver Fund has the highest allocation to Banks (12.77%), Finance (10.80%), IT - Software (5.81%). The fund is invested across 29 sectors in total.

How actively managed is JM ELSS Tax Saver Fund compared to other ELSS - Tax Saver Fund funds?

JM ELSS Tax Saver Fund has an Active Share of 66.75%, classifying it as "Active Stock Picker" among 37 ELSS - Tax Saver Fund peers. This indicates a moderate level of differentiation from category peers.

What changed in JM ELSS Tax Saver Fund's portfolio in the latest month?

Between 2026-03-31 and 2026-04-30, JM ELSS Tax Saver Fund added 5 new stocks (including Navin Fluorine International Limited) and exited 4 stocks (including Vedanta Limited). Total holding count increased from 53 to 54 stocks.