June 27, 2024
mayank
NJ ELSS Tax Saver Scheme details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 14.7700
NAV IDCW: Rs 14.7700
Suitable For Which Investors?
When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.
But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy:
The Scheme seeks to generate income and long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related instruments.
Fund Manager:
1) Dhaval Patel
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.
2) Viral Shah
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.
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Exit Load | 0 |
| Lock-in Period | 3 Years |
Basic Details of NJ ELSS Tax Saver Scheme
| Fund House | NJ Mutual Fund |
| Launch Date | 16-Jun-23 |
| Return Since Launch | 46.02% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 197 Cr |
| (As on 31-May-2024) | |
| Expense | 0.49% |
| (As on 31-May-2024) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 39.00% |
Trailing Returns (%) of NJ ELSS Tax Saver Scheme
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| NJ ELSS Tax Saver Dir | 13.18 | -0.20 | 5.12 | 10.14 | 14.05 | 49.19 | — | — | — | — |
| BSE 500 TRI | 16.02 | 0.30 | 4.66 | 12.46 | 17.72 | 40.63 | — | — | — | — |
| Equity: ELSS | 18.07 | 0.22 | 5.16 | 13.78 | 19.64 | 43.74 | — | — | — | — |
| Rank within category | 35 | 36 | 18 | 32 | 34 | 11 | — | — | — | — |
| Number of funds in category | 39 | 39 | 39 | 39 | 39 | 38 | 33 | 31 | 29 | 25 |
Peer Comparison of NJ ELSS Tax Saver Scheme
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| NJ ELSS Tax Saver Dir | Unrated | 49.19 | — | — | 0.49 | 197 | 46.02 | — | 1Y | 39.00 |
| SBI Long Term Equity Dir | 5 star | 61.34 | 28.28 | 24.68 | 0.94 | 23,888 | 17.91 | — | 11Y 5M | 20.00 |
| Mirae Asset ELSS Tax Saver Dir | 4 star | 39.36 | 18.76 | 21.96 | 0.60 | 22,621 | 21.21 | — | 8Y 5M | 109.00 |
| DSP ELSS Tax Saver Dir | 4 star | 50.52 | 21.98 | 22.84 | 0.75 | 15,161 | 19.14 | — | 11Y 5M | 40.00 |
| HDFC ELSS Tax Saver Dir | 4 star | 50.68 | 27.26 | 20.34 | 1.13 | 14,753 | 16.37 | — | 11Y 5M | 34.74 |
Portfolio Analysis of NJ ELSS Tax Saver Scheme
| No. of Stocks | 25 |
| Top 10 Stocks | 51.84% |
| Top 5 Stocks | 31.58% |
| Top 3 Sectors | 57.63% |
| Portfolio P/B Ratio | 8.60 |
| Portfolio P/E Ratio | 29.61 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,04,135 | 1,71,295 |
| Giant (%) | 41.86 | 51.97 |
| Large (%) | 18.95 | 19.53 |
| Mid (%) | 35.13 | 24.19 |
| Small (%) | 4.06 | 7.20 |
| Tiny (%) | — | 0.30 |
Chanakya’s Mutual Fund Guidance For NJ ELSS Tax Saver Scheme
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