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Home>Mutual Funds>Nippon India Mutual Fund>Nippon India Tax Saver (ELSS) Fund Direct IDCW Yearly

Nippon India Tax Saver (ELSS) Fund Direct IDCW Yearly

Equity
ELSS
Very High Risk
3Y Lock In
8.29%
3Y annualised
+0.12% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 01 Jul 2022₹14.38
Min. SIP amount₹500
Rating1
Fund size₹11,234.96Cr

Returns and rankings

Category: Equity ELSS
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns3.7%8.3%4.7%12.3%
Category average54.9%14.2%14.3%NA
Rank with in category53332NA
Understand terms

Holdings (60)

NameSectorInstrumentAssets
HDFC Bank Ltd.FinancialEquity7.6%
ICICI Bank Ltd.FinancialEquity7.0%
Infosys Ltd.TechnologyEquity6.6%
Reliance Industries Ltd.EnergyEquity6.2%
State Bank of IndiaFinancialEquity4.3%
Axis Bank Ltd.FinancialEquity4.2%
Housing Development Finance Corpn. Ltd.FinancialEquity3.4%
Larsen & Toubro Ltd.ConstructionEquity3.4%
NTPC Ltd.EnergyEquity2.4%
Linde India Ltd.ChemicalsEquity2.4%
See All

Pros and cons

Category: Equity ELSS

Pros

Cons

Exit load is zero
Consistently lower annualised returns than category average for the past 1Y, 3Y and 5Y
Lower expense ratio: 0.85%
Lock-in period: 3Y
Low rating: 1

Expense ratio, exit load and tax

Expense ratio: 0.85%

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

Ashutosh Bhargava
Jul 2020 - Present
View details

Education
Mr. Bhargava is B.Com & MBA (Finance)
Experience
Prior to joining Nippon India Mutual Fund he has worked with Reliance Capital Ltd and JP Morgan India Service Pvt. Ltd.
Also manages these schemes

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
022-68334800 / 18602660111
Launch Date
30 Jun 1995
Website
NA
Amc Image
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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FAQs

How to Invest in Nippon India Tax Saver (ELSS) Fund Direct IDCW Yearly?

You can easily invest in Nippon India Tax Saver (ELSS) Fund Direct IDCW Yearly in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps:

  • Log on to your Groww account
  • Search for Nippon India Tax Saver (ELSS) Fund Direct IDCW Yearly from the search box
  • In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete
  • Once you are done with that, you can start investing in Nippon India Tax Saver (ELSS) Fund Direct IDCW Yearly as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Nippon India Tax Saver (ELSS) Fund Direct IDCW Yearly provide?

The Nippon India Tax Saver (ELSS) Fund Direct IDCW Yearly has been there from 11 Feb 2015 and the average annual returns provided by this fund is 3.69% since its inception.

How much expense ratio is charged by Nippon India Tax Saver (ELSS) Fund Direct IDCW Yearly?

The term Expense Ratio used for Nippon India Tax Saver (ELSS) Fund Direct IDCW Yearly or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund.

The Expense Ratio of Nippon India Tax Saver (ELSS) Fund Direct IDCW Yearly is 0.85% as of 03 Jul 2022...

What is the AUM of Nippon India Tax Saver (ELSS) Fund Direct IDCW Yearly?

The AUM, short for Assets Under Management of Nippon India Tax Saver (ELSS) Fund Direct IDCW Yearly is ₹11,234.96Cr as of 03 Jul 2022.

How to Redeem Nippon India Tax Saver (ELSS) Fund Direct IDCW Yearly?

If you want to sell your Nippon India Tax Saver (ELSS) Fund Direct IDCW Yearly holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of Nippon India Tax Saver (ELSS) Fund Direct IDCW Yearly?

You can select either SIP or Lumpsum investment of Nippon India Tax Saver (ELSS) Fund Direct IDCW Yearly based on your investment objective and risk tolerance.

What is the NAV of Nippon India Tax Saver (ELSS) Fund Direct IDCW Yearly?

The NAV of Nippon India Tax Saver (ELSS) Fund Direct IDCW Yearly is ₹14.38 as of 01 Jul 2022.

What is the PE and PB ratio of Nippon India Tax Saver (ELSS) Fund Direct IDCW Yearly?

The PE ratio ratio of Nippon India Tax Saver (ELSS) Fund Direct IDCW Yearly is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

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