October 8, 2022
mayank
Nippon India Tax Saver (ELSS) Fund
NAV Growth: Rs 84.4452
NAV IDCW Yearly: Rs 16.1655
NAV IDCW: Rs 33.0818
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 aims to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related instruments.
Fund Manager:
1) Rupesh Patel
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.
2) Ashutosh Bhargava
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.
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 100 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | 3 Years |
| Exit Load | 0 |
Basic Details
| Fund House | Nippon India Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 13.33% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 11,625 Cr |
| (As on 30-Sep-2022) | |
| Expense Ratio | 1.02% |
| (As on 31-Aug-2022) | |
| Risk Grade | High |
| Return Grade | Low |
| Turnover | 33.00% |
Nippon India Tax Saver (ELSS) Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Nippon Ind Tax Saver (ELSS) Dir | 3.55 | -0.2 | -1.58 | 8.88 | 0.03 | 1.59 | 18.25 | 5.89 | 9.48 | — |
| S&P BSE 500 TRI | 1.83 | -0.13 | -1.83 | 9.7 | 0 | -0.09 | 20.16 | 12.88 | 13.46 | — |
| Equity: ELSS | 0.74 | -0.11 | -0.99 | 9.42 | 0.48 | -0.02 | 19.68 | 12.29 | 13.2 | — |
| Rank within category | 6 | 24 | 27 | 23 | 19 | 11 | 21 | 32 | 28 | — |
| Number of funds in category | 36 | 36 | 36 | 36 | 36 | 36 | 35 | 32 | 28 | 1 |
Nippon India Tax Saver (ELSS) Fund Peer Comparison
| Fund name | 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 (%) |
| Nippon Ind Tax Saver (ELSS) Dir | 1 star | 1.59 | 18.25 | 5.89 | 1.02 | 11,625 | 13.33 | — | 9yrs 9mo | 33.00 |
| Mirae Asset Tax Saver Dir | 5 star | -2.89 | 23.00 | 15.93 | 0.50 | 13,148 | 19.53 | — | 6yrs 9mo | 73.00 |
| DSP Tax Saver Dir | 4 star | -1.23 | 20.38 | 13.35 | 0.82 | 10,219 | 16.77 | — | 9yrs 9mo | 49.00 |
| Canara Robeco Eqt Tax Saver Dir | 5 star | 0.76 | 23.86 | 16.97 | 0.59 | 4,176 | 15.76 | — | 9yrs 9mo | 43.00 |
| IDFC Tax Advtg (ELSS) Dir | 4 star | 3.10 | 26.26 | 14.20 | 0.74 | 3,851 | 17.77 | — | 9yrs 9mo | 18.00 |
Portfolio Analysis
| No. of Stocks | 54 |
| Top 10 Stocks | 46.09% |
| Top 5 Stocks | 30.61% |
| Top 3 Sectors | 51.54% |
| Portfolio P/B Ratio | 3.03 |
| Portfolio P/E Ratio | 20.72 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,50,278 | 1,66,707 |
| Giant (%) | 56.84 | 56.85 |
| Large (%) | 17.92 | 19.53 |
| Mid (%) | 18.20 | 19.18 |
| Small (%) | 7.03 | 5.07 |
| Tiny (%) | — | — |
Chanakya’s Mutual Fund Guidance For Nippon India Tax Saver (ELSS) Fund
Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.
Apply Online: https://www.ni-mf.in/LsK2ng
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