The JM Tax Gain Fund, an Equity-linked Saving Scheme (ELSS).
The Investor benefits in three ways
1) Enjoys tax benefits under Sec 80C of the Income Tax Act 1961. Investment made in the scheme will qualify for a
deduction from gross total Income upto Rs. 1 Lakh.
2) Allows his investment to benefit from the booming economy
3) All income from the scheme is tax free, be it dividends or capital gains on maturity
The Triple Benefit of JM Tax Gain Fund
The investment objective is to generate long-time 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. However, there can be no assurance that the investment objective of the scheme will be achieved.
An Open ended Equity Linked Saving Scheme
Tax Saving – The Preferred Option
Investment Instrument ELSS Fund NSC PPF 5 Yr Bank Deposit
Tax Free Contribution Y Y Y Y
Tax Free Income Y N Y N
Tax Free on maturity Y Y Y Y
Annual returns 50.42%* 8.16% 8.00% 9.00%**
* Source: Mutual Funds of India. Five years average CAGR of ELSS funds as on 26th December, 2007. **FD rate of a PSU bank (Tax saving scheme). Equity investments are subject to market risks. ELSS scheme does not provide any assured income/returns. Tax details are as per prevailing tax laws. Please consult your tax advisor before investing.