Nippon India ELSS Tax Saver Fund Direct Growth

Equity
ELSS
Very High Risk
3Y Lock In
21.99%
3Y annualised
+0.16% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 23 Feb 2024₹118.69
Min. SIP amount₹500
Rating2
Fund size₹14,166.15Cr

Return calculator

Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of 0
Would have become (%)

Returns and rankings

Category: Equity ELSS
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns41.2%22.0%17.4%15.0%
Category average38.1%19.3%18.8%NA
Rank with in category151025NA
Understand terms

Holdings (65)

NameSectorInstrumentAssets
FinancialEquity7.11%
FinancialEquity6.92%
TechnologyEquity4.81%
FinancialEquity3.66%
EnergyEquity3.63%
EnergyEquity3.22%
FinancialEquity3.12%
ConstructionEquity2.88%
AutomobileEquity2.45%
AutomobileEquity2.37%
See All

Pros and cons

Category: Equity ELSS

Pros

Cons

Exit load is zero
5Y and 10Y annualised returns lower than category average
Lower expense ratio: 1.07%
Lock-in period: 3Y
Consistently higher annualised returns than category average for the past 1Y and 3Y
Low rating: 2
Higher alpha: 2.96 The fund has generated returns higher than benchmark - NIFTY 500 Total Return Index - in the last 3Y

Expense ratio, exit load and tax

Expense ratio: 1.07%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹500
Min. for 2nd investment onwards₹500
Min. for SIP₹500

Fund management

Rupesh Patel
Jul 2021 - Present
View details

Education
Mr. Rupesh is a B.E.(Civil) and MBA (Finance)
Experience
Prior to joining Nippon India Mutual Fund, he has worked with Tata Asset Management Limited, Indiareit Fund Advisors Pvt. Ltd. and Credit Analysis & Research Ltd.
Also manages these schemes

Ashutosh Bhargava
Jul 2020 - Present
View details

Fund house & investment objective

Fund house contact details

Address
4th Floor, Tower A, Peninsula Business Park,Ganapatrao Kadam Marg, Lower Parel (W), Mumbai 400013
Phone
NA
Launch Date
30 Jun 1995
E-mail
NA
Website
Nippon India Mutual Fund
Asset Management Company
Custodian
Deutsche Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,

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