NJ ELSS Tax Saver Scheme Direct Growth

Launch date13 Mar 2023
Allotment date16 Jun 2023
End date09 Jun 2023
NAV₹10.00

Expense ratio, exit load and tax

Expense ratio: 0.66%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 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

Dhaval Patel
Jun 2023 - Present
View details

Education
Mr. Patel has done IBS from Hyderabad
Experience
Prior to joining NJ Mutual Fund, he has worked with Axis Mutual Fund, Credit Analysis & Research Ltd.
Also manages these schemes

Viral Shah
Mar 2023 - Present
View details

Education
Mr. Shah has done B.E. and MBA (Finance)
Experience
Mr. Shah has started his career with NJ Group and has been Principal Officer for PMS segment with NJ Asset Management for more than 10 years.
Also manages these schemes

Fund house & investment objective

Rank (total assets)--
Total AUM₹7,053.57Cr
Date of Incorporation20 Apr 2021

NJ ELSS Tax Saver Scheme Direct Growth is a Equity Mutual Fund Scheme launched by NJ Mutual Fund. This scheme was made available to investors on 20 Apr 2021. Dhaval Patel is the Current Fund Manager of NJ ELSS Tax Saver Scheme Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹7,054 Cr and the Latest NAV as of 02 Apr 2026 is ₹13.44. The NJ ELSS Tax Saver Scheme Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹500. ;

Investment Objective

The Scheme seeks to generate income and long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related instruments. ;

Fund benchmarkNIFTY 500 Total Return Index

Fund house contact details

Address
Unit No. 101A, 1st Floor,Hallmark Business Plaza,Bandra (East), Mumbai 400051
Phone
--
Launch Date
20 Apr 2021
E-mail
--

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