What stocks does JM ELSS Tax Saver Fund (Direct) hold?

JM ELSS Tax Saver Fund (Direct) holds a portfolio of Indian equity stocks disclosed monthly by JM Financial Mutual Fund to AMFI. The complete current holdings with weights and month-over-month changes are available on this page. Data is sourced from official AMFI portfolio disclosures.

Which AMC manages JM ELSS Tax Saver Fund (Direct)?

JM ELSS Tax Saver Fund (Direct) is managed by JM Financial Mutual Fund, a SEBI-registered Asset Management Company in India.

What category is JM ELSS Tax Saver Fund (Direct)?

JM ELSS Tax Saver Fund (Direct) is classified as a ELSS mutual fund under SEBI's mutual fund categorisation framework.

How often is JM ELSS Tax Saver Fund (Direct) portfolio data updated?

Portfolio holdings for JM ELSS Tax Saver Fund (Direct) are updated monthly. SEBI mandates all AMCs to disclose their complete portfolio within 10 days of each month end. RightAdvise sources this data directly from official AMFI portfolio disclosures.

← JM Financial Mutual Fund

JM ELSS Tax Saver Fund (Direct) - Growth Option

ELSS Data as of Sep 2026 Comparing Aug 2026 → Sep 2026

Share: WhatsApp X

⌕

Stocks Held

Sep 2026

Equity Holdings

₹237.24 Cr

Equity only, excl. debt & cash

AAUM

₹201.56 Cr

Apr-Jun 2026 · Direct + Regular

Top 5 Weight

15.0%

Diversified

Top 10 Weight

26.6%

Diversified

Changes

1 new · 2 exits

Top Sector

Banks

12.4% of portfolio

Launch Date

24 Dec 2007

10+ year track record

AAUM (Average Assets Under Management) of ₹201.56 Cr for Apr-Jun 2026 is the combined figure across Direct and Regular plans — sourced from AMFI India's quarterly disclosure. Equity Holdings above shows only the stock portion from the latest portfolio filing.

📋 What Happened This Month JM ELSS Tax Saver Fund (Direct) made 1 new addition and exited 2 stocks this month. The biggest new buy was Smartworks Coworking Spaces Ltd. (Commercial Services & Supplies) at 1.33% weight. Coforge Limited was the biggest exit (IT - Software), which was held at 2.28%. Among existing holdings, EPL Limited saw the biggest increase — now at 2.19% of the portfolio. Fortis Healthcare Limited was trimmed the most, now at 1.97%. Syrma SGS Technology Limited remains the top holding with Banks the dominant sector at 12.4%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.

How Has the NAV Performed?

1 year history · JM ELSS Tax Saver Fund (Direct) - Growth Option

-4.32%

-0.98%

+11.15%

+2.55%

Latest NAV

₹58.36

09 Oct 2026

52W High

₹61.70

-5% from High

52W Low

₹48.58

+20% from Low

Calendar Year Returns

Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.

2025

+3.8%

2024

+30.6%

2023

+32.2%

2022

+1.5%

2021

+33.2%

2020

+19.2%

2019

+15.8%

2018

-3.9%

2017

+44.1%

Rolling Returns

Performance across every possible investment start date.

1Y Rolling Avg

19.4%

+ve in 83% windows

92.3% / -26.6%

3Y Rolling Avg

18.3% p.a.

+ve in 99% windows

34.5% / -2.6%

5Y Rolling Avg

19.1% p.a.

+ve in 100% windows

31.8% / 10.9%

Crisis Period Behaviour

"Pre-inception" = fund didn't exist during that period.

2024–25 Tariff

-20.7%

Rec: Jul 2026 (1yr 11mo)

COVID-19 Crash

-37.4%

Rec: Nov 2020 (11 mo)

2022 Rate Hike

-20.4%

Rec: May 2023 (1yr 4mo)

2018 IL&FS

-17.5%

Rec: May 2019 (10 mo)

Risk Ratios

3 years daily NAV · Risk-free rate 6.5% p.a. · CAGR, Sharpe Ratio & Standard Deviation — Mutual Fund Guide →

Sharpe Ratio (3Y)

0.65

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

0.88

Penalises downside volatility only.

Std Deviation (3Y)

16.0%

Lower = more consistent returns.

NAV Chart ₹58.36 09 Oct 2026

Simple Moving Avg: Click to draw · click again to remove

JM ELSS Tax Saver Fund (Direct) - Growth Option

Chart shows indexed performance (base = 100). Actual NAV: ₹58.36

Sector Shift Industry allocation month-over-month

Jul 2026 → Aug 2026

Sector	Prev	Curr ▼	Delta
Banks	12.2%	12.6%	▲ +0.5%
Finance	10.7%	10.3%	▼ -0.5%
Retailing	6.0%	6.5%	▲ +0.6%
IT - Software	5.2%	5.4%	▲ +0.2%
Automobiles	4.8%	4.9%	● +0.0%
Industrial Products	3.1%	4.8%	▲ +1.7%
Industrial Manufacturing	4.5%	4.4%	▼ -0.1%
Healthcare Services	3.0%	3.7%	▲ +0.7%
Auto Components	4.3%	3.6%	▼ -0.7%
Commercial Services & Supplies	3.8%	3.3%	▼ -0.4%

Aug 2026 → Sep 2026

Sector	Prev	Curr ▼	Delta
Banks	12.6%	12.4%	▼ -0.3%
Finance	10.3%	10.1%	▼ -0.2%
Retailing	6.5%	6.4%	▼ -0.1%
Industrial Products	4.8%	5.9%	▲ +1.1%
Industrial Manufacturing	4.4%	5.0%	▲ +0.6%
Commercial Services & Supplies	3.3%	4.9%	▲ +1.6%
Automobiles	4.9%	4.7%	▼ -0.2%
Healthcare Services	3.7%	3.6%	▼ -0.1%
Auto Components	3.6%	3.5%	▼ -0.1%
Leisure Services	3.2%	3.4%	▲ +0.2%

🟢

Biggest New Buy

Smartworks Coworking Spaces Ltd.

1.33% weight · Commercial Services & Supplies

🔴

Biggest Exit

Coforge Limited

2.28% was held · IT - Software

↑

Biggest Add

EPL Limited

+0.90% · now 2.19%

↓

Biggest Trim

Fortis Healthcare Limited

-0.28% · now 1.97%

🤝 Other funds also bought this month

Smartworks Coworking Spaces Ltd. 5 funds

👋 Other funds also exited

Coforge Limited 43 funds

Godfrey Phillips India Limited 7 funds

What Changed in the Portfolio This Month?

Comparing Aug 2026 → Sep 2026

Aug 2026 → Sep 2026

🟢 1 New Entry 🔴 2 Exits ↑ 27 Increased ↓ 23 Decreased

#	Stock	Sector	Weight (Sep 2026)
1	Smartworks Coworking Spaces Ltd. ₹3.19 Cr	Commercial Services & Supplies	1.33%

#	Stock	Sector	Last Weight (Aug 2026)
1	Coforge Limited ₹5.66 Cr	IT - Software	2.28%
2	Godfrey Phillips India Limited ₹3.12 Cr	Cigarettes & Tobacco Products	1.26%

#	Stock	Sector	Aug 2026	Sep 2026	Change
1	EPL Limited ₹5.26 Cr	Industrial Products	1.29%	2.19%	+0.90%
2	Syrma SGS Technology Limited ₹8.18 Cr	Industrial Manufacturing	2.86%	3.41%	+0.55%
3	Zydus Lifesciences Limited ₹3.57 Cr	Pharmaceuticals & Biotechnology	1.03%	1.49%	+0.46%
4	SML Mahindra Limited ₹3.95 Cr	Agricultural, Commercial & Construction Vehicles	1.23%	1.65%	+0.42%
5	GNG Electronics Ltd. ₹3.79 Cr	IT - Hardware	1.17%	1.58%	+0.41%
6	Finolex Cables Limited ₹4.37 Cr	Industrial Products	1.51%	1.82%	+0.31%
7	Oriental Hotels Limited ₹3.49 Cr	Leisure Services	1.18%	1.46%	+0.28%
8	Sanathan Textiles Limited ₹4.89 Cr	Textiles & Apparels	1.78%	2.04%	+0.26%
9	Redington Limited ₹3.62 Cr	Commercial Services & Supplies	1.28%	1.51%	+0.23%
10	Artemis Medicare Services Limited ₹4.01 Cr	Healthcare Services	1.49%	1.67%	+0.18%
11	Tech Mahindra Limited ₹4.11 Cr	IT - Software	1.56%	1.71%	+0.15%
12	Hindalco Industries Limited ₹3.30 Cr	Non - Ferrous Metals	1.23%	1.37%	+0.14%
13	Spandana Sphoorty Financial Limited ₹2.33 Cr	Finance	0.83%	0.97%	+0.14%
14	Manappuram Finance Limited ₹4.87 Cr	Finance	1.91%	2.03%	+0.12%
15	Belrise Industries Ltd. ₹4.69 Cr	Auto Components	1.83%	1.95%	+0.12%
16	Adani Power Limited ₹3.96 Cr	Power	1.55%	1.65%	+0.10%
17	HDFC Bank Limited ₹6.96 Cr	Banks	2.81%	2.90%	+0.09%
18	Mahindra & Mahindra Limited ₹3.92 Cr	Automobiles	1.54%	1.63%	+0.09%
19	Sagility Limited ₹3.47 Cr	IT - Services	1.36%	1.45%	+0.09%
20	Kotak Mahindra Bank Limited ₹5.07 Cr	Banks	2.05%	2.11%	+0.06%
21	Onesource Specialty Pharma Limited ₹3.81 Cr	Pharmaceuticals & Biotechnology	1.53%	1.59%	+0.06%
22	Titagarh Rail Systems Limited ₹3.77 Cr	Industrial Manufacturing	1.52%	1.57%	+0.05%
23	Aditya Vision Ltd ₹4.84 Cr	Retailing	1.97%	2.02%	+0.05%
24	One 97 Communications Limited ₹7.95 Cr	Financial Technology (Fintech)	3.28%	3.31%	+0.03%
25	Eternal Limited ₹4.99 Cr	Retailing	2.06%	2.08%	+0.02%
26	Apar Industries Limited ₹4.04 Cr	Electrical Equipment	1.66%	1.68%	+0.02%
27	PNB Housing Finance Limited ₹4.05 Cr	Finance	1.68%	1.69%	+0.01%

#	Stock	Sector	Aug 2026	Sep 2026	Change
1	Fortis Healthcare Limited ₹4.73 Cr	Healthcare Services	2.25%	1.97%	-0.28%
2	Bosch Limited ₹3.77 Cr	Auto Components	1.81%	1.57%	-0.24%
3	Mahindra & Mahindra Financial Services Limited ₹4.22 Cr	Finance	1.95%	1.76%	-0.19%
4	CarTrade Tech Limited ₹5.51 Cr	Retailing	2.49%	2.30%	-0.19%
5	ICICI Bank Limited ₹6.41 Cr	Banks	2.84%	2.67%	-0.17%
6	Max Financial Services Limited ₹3.63 Cr	Insurance	1.67%	1.51%	-0.16%
7	Shriram Finance Limited ₹4.07 Cr	Finance	1.85%	1.70%	-0.15%
8	Maruti Suzuki India Limited ₹3.42 Cr	Automobiles	1.56%	1.42%	-0.14%
9	United Spirits Limited ₹5.02 Cr	Beverages	2.23%	2.09%	-0.14%
10	The India Cements Limited ₹2.80 Cr	Cement & Cement Products	1.31%	1.17%	-0.14%
11	State Bank of India ₹4.82 Cr	Banks	2.14%	2.01%	-0.13%
12	Bajaj Finance Limited ₹4.65 Cr	Finance	2.07%	1.94%	-0.13%
13	Bajaj Auto Limited ₹3.92 Cr	Automobiles	1.76%	1.63%	-0.13%
14	Reliance Industries Limited ₹6.34 Cr	Petroleum Products	2.75%	2.64%	-0.11%
15	Travel Food Services Limited ₹4.53 Cr	Leisure Services	2.00%	1.89%	-0.11%
16	Karur Vysya Bank Limited ₹6.46 Cr	Banks	2.79%	2.69%	-0.10%
17	Prestige Estates Projects Limited ₹3.02 Cr	Realty	1.34%	1.26%	-0.08%
18	Larsen & Toubro Limited ₹4.20 Cr	Construction	1.82%	1.75%	-0.07%
19	Shaily Engineering Plastics Ltd ₹4.54 Cr	Industrial Products	1.96%	1.89%	-0.07%
20	BSE Limited ₹3.87 Cr	Capital Markets	1.65%	1.61%	-0.04%
21	Persistent Systems Limited ₹3.70 Cr	IT - Software	1.58%	1.54%	-0.04%
22	Jindal Steel Limited ₹4.54 Cr	Ferrous Metals	1.92%	1.89%	-0.03%
23	Navin Fluorine International Limited ₹3.96 Cr	Chemicals & Petrochemicals	1.68%	1.65%	-0.03%

What Stocks Does This Fund Hold?

53 stocks — Sep 2026

#	Stock	Sector	Weight & Value
1	Syrma SGS Technology Limited ₹8.18 Cr	Industrial Manufacturing	3.41%
2	One 97 Communications Limited ₹7.95 Cr	Financial Technology (Fintech)	3.31%
3	HDFC Bank Limited ₹6.96 Cr	Banks	2.90%
4	Karur Vysya Bank Limited ₹6.46 Cr	Banks	2.69%
5	ICICI Bank Limited ₹6.41 Cr	Banks	2.67%
6	Reliance Industries Limited ₹6.34 Cr	Petroleum Products	2.64%
7	Bharti Airtel Limited ₹5.79 Cr	Telecom - Services	2.41%
8	CarTrade Tech Limited ₹5.51 Cr	Retailing	2.30%
9	EPL Limited ₹5.26 Cr	Industrial Products	2.19%
10	Kotak Mahindra Bank Limited ₹5.07 Cr	Banks	2.11%
11	United Spirits Limited ₹5.02 Cr	Beverages	2.09%
12	Eternal Limited ₹4.99 Cr	Retailing	2.08%
13	Wework India Management Limited ₹4.88 Cr	Commercial Services & Supplies	2.04%
14	Sanathan Textiles Limited ₹4.89 Cr	Textiles & Apparels	2.04%
15	Manappuram Finance Limited ₹4.87 Cr	Finance	2.03%
16	Aditya Vision Ltd ₹4.84 Cr	Retailing	2.02%
17	State Bank of India ₹4.82 Cr	Banks	2.01%
18	Fortis Healthcare Limited ₹4.73 Cr	Healthcare Services	1.97%
19	Belrise Industries Ltd. ₹4.69 Cr	Auto Components	1.95%
20	Bajaj Finance Limited ₹4.65 Cr	Finance	1.94%
21	Shaily Engineering Plastics Ltd ₹4.54 Cr	Industrial Products	1.89%
22	Jindal Steel Limited ₹4.54 Cr	Ferrous Metals	1.89%
23	Travel Food Services Limited ₹4.53 Cr	Leisure Services	1.89%
24	Finolex Cables Limited ₹4.37 Cr	Industrial Products	1.82%
25	Mahindra & Mahindra Financial Services Limited ₹4.22 Cr	Finance	1.76%
26	Larsen & Toubro Limited ₹4.20 Cr	Construction	1.75%
27	Tech Mahindra Limited ₹4.11 Cr	IT - Software	1.71%
28	Shriram Finance Limited ₹4.07 Cr	Finance	1.70%
29	PNB Housing Finance Limited ₹4.05 Cr	Finance	1.69%
30	Apar Industries Limited ₹4.04 Cr	Electrical Equipment	1.68%
31	Artemis Medicare Services Limited ₹4.01 Cr	Healthcare Services	1.67%
32	Navin Fluorine International Limited ₹3.96 Cr	Chemicals & Petrochemicals	1.65%
33	SML Mahindra Limited ₹3.95 Cr	Agricultural, Commercial & Construction Vehicles	1.65%
34	Adani Power Limited ₹3.96 Cr	Power	1.65%
35	Bajaj Auto Limited ₹3.92 Cr	Automobiles	1.63%
36	Mahindra & Mahindra Limited ₹3.92 Cr	Automobiles	1.63%
37	BSE Limited ₹3.87 Cr	Capital Markets	1.61%
38	Onesource Specialty Pharma Limited ₹3.81 Cr	Pharmaceuticals & Biotechnology	1.59%
39	GNG Electronics Ltd. ₹3.79 Cr	IT - Hardware	1.58%
40	Titagarh Rail Systems Limited ₹3.77 Cr	Industrial Manufacturing	1.57%
41	Bosch Limited ₹3.77 Cr	Auto Components	1.57%
42	Persistent Systems Limited ₹3.70 Cr	IT - Software	1.54%
43	Redington Limited ₹3.62 Cr	Commercial Services & Supplies	1.51%
44	Max Financial Services Limited ₹3.63 Cr	Insurance	1.51%
45	Zydus Lifesciences Limited ₹3.57 Cr	Pharmaceuticals & Biotechnology	1.49%
46	Oriental Hotels Limited ₹3.49 Cr	Leisure Services	1.46%
47	Sagility Limited ₹3.47 Cr	IT - Services	1.45%
48	Maruti Suzuki India Limited ₹3.42 Cr	Automobiles	1.42%
49	Hindalco Industries Limited ₹3.30 Cr	Non - Ferrous Metals	1.37%
50	Smartworks Coworking Spaces Ltd. ₹3.19 Cr	Commercial Services & Supplies	1.33%
51	Prestige Estates Projects Limited ₹3.02 Cr	Realty	1.26%
52	The India Cements Limited ₹2.80 Cr	Cement & Cement Products	1.17%
53	Spandana Sphoorty Financial Limited ₹2.33 Cr	Finance	0.97%