July 22, 2024
mayank
Navi ELSS Tax Saver Nifty 50 Index Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 14.6240
NAV IDCW: Rs 14.6310
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 invest in companies whose securities are included in Nifty 50 Index (the Index) and to endeavour to achieve the returns of the index, though subject to tracking error.
Fund Manager:
1) Aditya Mulki
Education: Mr. Mulki is a CFA and B.COM
Experience: Prior to joining Navi Mutual Fund, he has worked for close to 6 years at Quantum Advisor Ltd as an Equity Research Analyst.
2) Ashutosh Shirwaikar
Education: Mr. Shirwaikar has done MMS and CFA
Experience: Prior to joining Navi MF, he has worked with Quantum AMC and ICICI Bank
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | — |
| Lock-in Period | 3 Years |
| Exit Load | 0 |
Basic Details of Navi ELSS Tax Saver Nifty 50
| Fund House | Navi Mutual Fund |
| Launch Date | 20-Mar-23 |
| Return Since Launch | 32.96% |
| Benchmark | NIFTY 50 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 59 Cr |
| (As on 30-Jun-2024) | |
| Expense | 0.10% |
| (As on 31-May-2024) | |
| Risk Grade | – |
| Return Grade | — |
| Turnover | 3.00% |
Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Navi ELSS Tax Saver Nifty 50 Index Dir | 13.50 | -1.07 | 4.40 | 11.32 | 14.08 | 24.74 | — | — | — | — |
| BSE 500 TRI | 18.32 | -1.50 | 2.99 | 12.67 | 17.23 | 35.81 | — | — | — | — |
| Equity: ELSS | 19.91 | -1.55 | 2.58 | 13.13 | 18.60 | 38.91 | — | — | — | — |
| Rank within category | 37 | 4 | 6 | 31 | 37 | 36 | — | — | — | — |
| Number of funds in category | 39 | 39 | 39 | 39 | 39 | 38 | 33 | 31 | 29 | 25 |
Peer Comparison
| 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 (%) | |
| Navi ELSS Tax Saver Nifty 50 Index Dir | Unrated | 24.74 | — | — | 0.10 | 59 | 32.96 | — | 1Y 4M | 3.00 |
| SBI Long Term Equity Dir | 5 star | 54.60 | 28.28 | 25.92 | 0.94 | 25,738 | 17.98 | — | 11Y 6M | 20.00 |
| DSP ELSS Tax Saver Dir | 4 star | 47.40 | 22.43 | 24.54 | 0.71 | 16,284 | 19.36 | — | 11Y 6M | 40.00 |
| HDFC ELSS Tax Saver Dir | 4 star | 46.96 | 27.35 | 22.07 | 1.13 | 15,674 | 16.47 | — | 11Y 6M | 34.74 |
| Quant ELSS Tax Saver Dir | 5 star | 55.67 | 27.19 | 36.26 | 0.77 | 10,528 | 23.44 | — | 11Y 6M | 162.00 |
Portfolio Analysis of Navi ELSS Tax Saver Nifty 50
| No. of Stocks | 50 |
| Top 10 Stocks | 56.49% |
| Top 5 Stocks | 39.01% |
| Top 3 Sectors | 60.21% |
| Portfolio P/B Ratio | 3.90 |
| Portfolio P/E Ratio | 23.53 |
Portfolio Breakup</span>
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 5,48,576 | 1,82,906 |
| Giant (%) | 89.13 | 51.03 |
| Large (%) | 10.87 | 19.96 |
| Mid (%) | — | 23.29 |
| Small (%) | — | 7.53 |
| Tiny (%) | — | 0.30 |
Chanakya’s Mutual Fund Guidance For Navi ELSS Tax Saver Nifty 50 Index Fund
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