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.

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JM ELSS Tax Saver Fund (Direct) - Growth Option

ELSS Data as of Jun 2026 Comparing May 2026 → Jun 2026

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Stocks Held

Jun 2026

Equity Holdings

₹226.29 Cr

Equity only, excl. debt & cash

Top 5 Weight

15.4%

Diversified

Top 10 Weight

27.8%

Diversified

Changes

3 new · 0 exits

Top Sector

Banks

12.4% of portfolio

📋 What Happened This Month JM ELSS Tax Saver Fund (Direct) added 3 new stocks to its portfolio this month. The biggest new buy was Fortis Healthcare Limited (Healthcare Services) at 1.32% weight. Among existing holdings, CarTrade Tech Limited saw the biggest increase — now at 2.39% of the portfolio. Adani Power Limited was trimmed the most, now at 1.19%. 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

+3.54%

+8.81%

+4.14%

+4.37%

Latest NAV

₹58.49

14 Jul 2026

52W High

₹58.93

-1% from High

52W Low

₹47.50

+23% 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

19.7%

+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

19.2% 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: not yet

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. What do these mean? →

Sharpe Ratio (3Y)

0.76

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

1.03

Penalises downside volatility only.

Std Deviation (3Y)

15.9%

Lower = more consistent returns.

NAV Chart ₹58.49 14 Jul 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: ₹58.49

Sector Shift Industry allocation month-over-month

Apr 2026 → May 2026

Sector	Prev	Curr ▼	Delta
Banks	12.8%	12.2%	▼ -0.6%
Finance	10.7%	10.3%	▼ -0.4%
IT - Software	5.8%	6.0%	▲ +0.2%
Automobiles	5.8%	5.8%	● -0.1%
Pharmaceuticals & Biotechnology	4.8%	4.6%	▼ -0.2%
Industrial Products	3.9%	4.5%	▲ +0.6%
Industrial Manufacturing	3.8%	4.4%	▲ +0.6%
Construction	4.5%	4.2%	▼ -0.2%
Leisure Services	4.3%	3.9%	▼ -0.3%
Capital Markets	3.7%	3.3%	▼ -0.5%

May 2026 → Jun 2026

Sector	Prev	Curr ▼	Delta
Banks	12.2%	12.4%	▲ +0.2%
Finance	10.3%	10.4%	● +0.1%
Automobiles	5.8%	5.5%	▼ -0.2%
Industrial Manufacturing	4.4%	5.3%	▲ +0.9%
IT - Software	6.0%	5.0%	▼ -1.1%
Retailing	3.2%	4.9%	▲ +1.7%
Industrial Products	4.5%	4.4%	▼ -0.1%
Pharmaceuticals & Biotechnology	4.6%	4.2%	▼ -0.4%
Construction	4.2%	4.0%	▼ -0.3%
Healthcare Services	2.2%	3.7%	▲ +1.6%

🟢

Biggest New Buy

Fortis Healthcare Limited

1.32% weight · Healthcare Services

↑

Biggest Add

CarTrade Tech Limited

+0.78% · now 2.39%

↓

Biggest Trim

Adani Power Limited

-1.53% · now 1.19%

🤝 Other funds also bought this month

Belrise Industries Ltd. 16 funds

Fortis Healthcare Limited 13 funds

Aditya Vision Ltd 2 funds

What Changed in the Portfolio This Month?

Comparing May 2026 → Jun 2026

May 2026 → Jun 2026

🟢 3 New Entries ↑ 23 Increased ↓ 25 Decreased

#	Stock	Sector	Weight (Jun 2026)
1	Fortis Healthcare Limited ₹3.06 Cr	Healthcare Services	1.32%
2	Aditya Vision Ltd ₹2.15 Cr	Retailing	0.93%
3	Belrise Industries Ltd. ₹7.31 L	Auto Components	0.03%

#	Stock	Sector	May 2026	Jun 2026	Change
1	CarTrade Tech Limited ₹5.56 Cr	Retailing	1.61%	2.39%	+0.78%
2	Syrma SGS Technology Limited ₹8.30 Cr	Industrial Manufacturing	2.90%	3.57%	+0.67%
3	Max Healthcare Institute Limited ₹5.64 Cr	Healthcare Services	2.16%	2.42%	+0.26%
4	Titagarh Rail Systems Limited ₹4.06 Cr	Industrial Manufacturing	1.50%	1.74%	+0.24%
5	Wework India Management Limited ₹5.76 Cr	Commercial Services & Supplies	2.25%	2.48%	+0.23%
6	Apar Industries Limited ₹4.12 Cr	Electrical Equipment	1.54%	1.77%	+0.23%
7	ICICI Bank Limited ₹6.67 Cr	Banks	2.73%	2.87%	+0.14%
8	Bajaj Finance Limited ₹4.87 Cr	Finance	1.98%	2.10%	+0.12%
9	Prestige Estates Projects Limited ₹3.18 Cr	Realty	1.25%	1.37%	+0.12%
10	Shriram Finance Limited ₹4.31 Cr	Finance	1.76%	1.86%	+0.10%
11	Nuvama Wealth Management Limited ₹2.40 Cr	Capital Markets	0.93%	1.03%	+0.10%
12	HDFC Bank Limited ₹7.84 Cr	Banks	3.28%	3.37%	+0.09%
13	Sanathan Textiles Limited ₹4.35 Cr	Textiles & Apparels	1.78%	1.87%	+0.09%
14	Travel Food Services Limited ₹5.51 Cr	Leisure Services	2.29%	2.37%	+0.08%
15	Bosch Limited ₹3.99 Cr	Auto Components	1.64%	1.72%	+0.08%
16	Maruti Suzuki India Limited ₹5.09 Cr	Automobiles	2.12%	2.19%	+0.07%
17	Navin Fluorine International Limited ₹3.69 Cr	Chemicals & Petrochemicals	1.53%	1.59%	+0.06%
18	United Spirits Limited ₹5.01 Cr	Beverages	2.11%	2.16%	+0.05%
19	State Bank of India ₹4.16 Cr	Banks	1.75%	1.79%	+0.04%
20	Polycab India Limited ₹5.88 Cr	Industrial Products	2.51%	2.53%	+0.02%
21	Eternal Limited ₹3.70 Cr	Retailing	1.57%	1.59%	+0.02%
22	CEAT Limited ₹2.29 Cr	Auto Components	0.96%	0.98%	+0.02%
23	Spandana Sphoorty Financial Limited ₹2.28 Cr	Finance	0.96%	0.98%	+0.02%

#	Stock	Sector	May 2026	Jun 2026	Change
1	Adani Power Limited ₹2.77 Cr	Power	2.72%	1.19%	-1.53%
2	Infosys Limited ₹2.33 Cr	IT - Software	1.42%	1.00%	-0.42%
3	Tech Mahindra Limited ₹3.34 Cr	IT - Software	1.81%	1.44%	-0.37%
4	Jindal Steel Limited ₹4.24 Cr	Ferrous Metals	2.17%	1.82%	-0.35%
5	Jubilant Foodworks Limited ₹3.11 Cr	Leisure Services	1.64%	1.34%	-0.30%
6	Larsen & Toubro Limited ₹5.66 Cr	Construction	2.73%	2.44%	-0.29%
7	Hindalco Industries Limited ₹2.87 Cr	Non - Ferrous Metals	1.52%	1.23%	-0.29%
8	Persistent Systems Limited ₹2.60 Cr	IT - Software	1.40%	1.12%	-0.28%
9	Onesource Specialty Pharma Limited ₹4.13 Cr	Pharmaceuticals & Biotechnology	2.05%	1.78%	-0.27%
10	BSE Limited ₹4.83 Cr	Capital Markets	2.32%	2.08%	-0.24%
11	Bajaj Auto Limited ₹4.66 Cr	Automobiles	2.25%	2.01%	-0.24%
12	Reliance Industries Limited ₹6.91 Cr	Petroleum Products	3.16%	2.97%	-0.19%
13	Max Financial Services Limited ₹4.18 Cr	Insurance	1.98%	1.80%	-0.18%
14	Lupin Limited ₹5.56 Cr	Pharmaceuticals & Biotechnology	2.54%	2.39%	-0.15%
15	Shaily Engineering Plastics Ltd ₹4.30 Cr	Industrial Products	1.99%	1.85%	-0.14%
16	Godfrey Phillips India Limited ₹3.22 Cr	Cigarettes & Tobacco Products	1.52%	1.39%	-0.13%
17	Manappuram Finance Limited ₹4.03 Cr	Finance	1.81%	1.73%	-0.08%
18	Bharti Airtel Limited ₹6.10 Cr	Telecom - Services	2.70%	2.63%	-0.07%
19	PNB Housing Finance Limited ₹4.23 Cr	Finance	1.88%	1.82%	-0.06%
20	One 97 Communications Limited ₹5.41 Cr	Financial Technology (Fintech)	2.38%	2.33%	-0.05%
21	Mahindra & Mahindra Limited ₹3.12 Cr	Automobiles	1.39%	1.34%	-0.05%
22	Karur Vysya Bank Limited ₹5.89 Cr	Banks	2.58%	2.54%	-0.04%
23	Kotak Mahindra Bank Limited ₹4.26 Cr	Banks	1.87%	1.83%	-0.04%
24	Mahindra & Mahindra Financial Services Limited ₹4.52 Cr	Finance	1.95%	1.94%	-0.01%
25	Coforge Limited ₹3.22 Cr	IT - Software	1.40%	1.39%	-0.01%

What Stocks Does This Fund Hold?

53 stocks — Jun 2026

#	Stock	Sector	Weight & Value
1	Syrma SGS Technology Limited ₹8.30 Cr	Industrial Manufacturing	3.57%
2	HDFC Bank Limited ₹7.84 Cr	Banks	3.37%
3	Reliance Industries Limited ₹6.91 Cr	Petroleum Products	2.97%
4	ICICI Bank Limited ₹6.67 Cr	Banks	2.87%
5	Bharti Airtel Limited ₹6.10 Cr	Telecom - Services	2.63%
6	Karur Vysya Bank Limited ₹5.89 Cr	Banks	2.54%
7	Polycab India Limited ₹5.88 Cr	Industrial Products	2.53%
8	Wework India Management Limited ₹5.76 Cr	Commercial Services & Supplies	2.48%
9	Larsen & Toubro Limited ₹5.66 Cr	Construction	2.44%
10	Max Healthcare Institute Limited ₹5.64 Cr	Healthcare Services	2.42%
11	Lupin Limited ₹5.56 Cr	Pharmaceuticals & Biotechnology	2.39%
12	CarTrade Tech Limited ₹5.56 Cr	Retailing	2.39%
13	Travel Food Services Limited ₹5.51 Cr	Leisure Services	2.37%
14	One 97 Communications Limited ₹5.41 Cr	Financial Technology (Fintech)	2.33%
15	Maruti Suzuki India Limited ₹5.09 Cr	Automobiles	2.19%
16	United Spirits Limited ₹5.01 Cr	Beverages	2.16%
17	Bajaj Finance Limited ₹4.87 Cr	Finance	2.10%
18	BSE Limited ₹4.83 Cr	Capital Markets	2.08%
19	Bajaj Auto Limited ₹4.66 Cr	Automobiles	2.01%
20	Mahindra & Mahindra Financial Services Limited ₹4.52 Cr	Finance	1.94%
21	Sanathan Textiles Limited ₹4.35 Cr	Textiles & Apparels	1.87%
22	Shriram Finance Limited ₹4.31 Cr	Finance	1.86%
23	Shaily Engineering Plastics Ltd ₹4.30 Cr	Industrial Products	1.85%
24	Kotak Mahindra Bank Limited ₹4.26 Cr	Banks	1.83%
25	Jindal Steel Limited ₹4.24 Cr	Ferrous Metals	1.82%
26	PNB Housing Finance Limited ₹4.23 Cr	Finance	1.82%
27	Max Financial Services Limited ₹4.18 Cr	Insurance	1.80%
28	State Bank of India ₹4.16 Cr	Banks	1.79%
29	Onesource Specialty Pharma Limited ₹4.13 Cr	Pharmaceuticals & Biotechnology	1.78%
30	Apar Industries Limited ₹4.12 Cr	Electrical Equipment	1.77%
31	Titagarh Rail Systems Limited ₹4.06 Cr	Industrial Manufacturing	1.74%
32	Manappuram Finance Limited ₹4.03 Cr	Finance	1.73%
33	Bosch Limited ₹3.99 Cr	Auto Components	1.72%
34	Eternal Limited ₹3.70 Cr	Retailing	1.59%
35	Navin Fluorine International Limited ₹3.69 Cr	Chemicals & Petrochemicals	1.59%
36	KEC International Limited ₹3.52 Cr	Construction	1.51%
37	Tech Mahindra Limited ₹3.34 Cr	IT - Software	1.44%
38	The India Cements Limited ₹3.31 Cr	Cement & Cement Products	1.42%
39	Coforge Limited ₹3.22 Cr	IT - Software	1.39%
40	Godfrey Phillips India Limited ₹3.22 Cr	Cigarettes & Tobacco Products	1.39%
41	Prestige Estates Projects Limited ₹3.18 Cr	Realty	1.37%
42	Mahindra & Mahindra Limited ₹3.12 Cr	Automobiles	1.34%
43	Jubilant Foodworks Limited ₹3.11 Cr	Leisure Services	1.34%
44	Fortis Healthcare Limited ₹3.06 Cr	Healthcare Services	1.32%
45	Hindalco Industries Limited ₹2.87 Cr	Non - Ferrous Metals	1.23%
46	Adani Power Limited ₹2.77 Cr	Power	1.19%
47	Persistent Systems Limited ₹2.60 Cr	IT - Software	1.12%
48	Nuvama Wealth Management Limited ₹2.40 Cr	Capital Markets	1.03%
49	Infosys Limited ₹2.33 Cr	IT - Software	1.00%
50	CEAT Limited ₹2.29 Cr	Auto Components	0.98%
51	Spandana Sphoorty Financial Limited ₹2.28 Cr	Finance	0.98%
52	Aditya Vision Ltd ₹2.15 Cr	Retailing	0.93%
53	Belrise Industries Ltd. ₹7.31 L	Auto Components	0.03%