Navi ELSS Tax Saver Fund Direct Payout of Income Distribution cum capital withdrawal option

Equity
Direct
Elss (Tax Savings)
Navi ELSS Tax Saver Fund Direct Payout of Income Distribution cum capital withdrawal option

About the Fund

Navi ELSS Tax Saver Fund Direct Payout of Income Distribution cum capital withdrawal option is an equity fund. This fund was started on 30 December, 2015. The fund is managed by . The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Navi ELSS Tax Saver Fund Direct Payout of Income Distribution cum capital withdrawal option has ₹62 Cr worth of assets under management (AUM) as on May 2024 and is less than category average.
  2. The fund has an expense ratio 0.4.

Returns

Navi ELSS Tax Saver Fund Direct Payout of Income Distribution cum capital withdrawal option has given a CAGR return of 15.08% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 32.50%, 18.11% and 16.78% respectively.

Holdings

Navi ELSS Tax Saver Fund Direct Payout of Income Distribution cum capital withdrawal option has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Tech, Consumer Defensive, Consumer Cyclical, Health, Basic Materials, Energy, Communication. Its top holdings are Hindustan Aeronautics Ltd Ordinary Shares, HDFC Bank Ltd, Reliance Industries Ltd, Bharti Airtel Ltd, Infosys Ltd

Taxation

As it is a elss (tax savings) mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of Navi ELSS Tax Saver Fund Direct Payout of Income Distribution cum capital withdrawal option

The Scheme will seek to invest predominantly in a diversified portfolio of equity and equity related instruments with the objective to provide investors with opportunities for capital appreciation and income generation along with the benefit of income tax deduction (under Section 80 C of the Income Tax Act, 1961) on their investments. Specified Investors in the Scheme are entitled to deductions of the amount invested in Units of the Scheme, subject to a maximum of ` 1,50,000/- under and in terms of Section 80 C (2) (xiii) of the Income Tax Act, 1961. Investment in this scheme would be subject to statutory lock-in period of 3 years from the date of allotment to be eligible for income tax benefit under section 80 C. There can be no assurance that the investment objective under the Scheme will be realized.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. There is a lock in period for Navi ELSS Tax Saver Fund Direct Payout of Income Distribution cum capital withdrawal option of 3 Years

Fund Performance

Fund Overview

Expense ratio0.37%
Benchmark
S&P BSE 200 India TR INR
AUM₹62 Cr
Inception Date30 December, 2015
Min Lumpsum/SIP--/--
Exit Load0%
Lock In3 Years
TurnOver
47.51%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (31-May-24)

  • Equity 92.7%

  • Debt & Cash 7.3%

Large cap
57%

Mid cap
22.9%

Small cap
12.9%

Sector Allocation

May'24

Apr'24

Mar'24

Financial Services
26%
Industrial
16%
Tech
14.6%
Consumer Defensive
10.6%
Consumer Cyclical
9.7%
Health
9.2%
Basic Materials
5.2%
Energy
4.6%
Communication
4.2%
All changes are between Mar'24 and May'24

Returns for the month of May

  • Gainers

  • Losers

Navi ELSS Tax Saver Fund Direct Payout of Income Distribution cum capital withdrawal option Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 15.08% since inception which is less than its category average return of 16.45%
Fund Allocations

Fund Allocations

This fund has an allocation of 92.75% in Equity, 0% in Debt and 7.25% in Cash related instruments
AUM size ₹62 Cr

AUM size ₹62 Cr

This fund has AUM of ₹62 Cr which is less than its category average of ₹ 3681 Cr
Expense Ratio 0.37%

Expense Ratio 0.37%

This fund has an expense ratio of 0.37% which is less than its category average expense ratio of 1.46%

Frequently Asked Questions

The current NAV of Navi ELSS Tax Saver Fund Direct Payout of Income Distribution cum capital withdrawal option is ₹32.9 as on 21-Jun-2024.
Existing (Absolute + CAGR) as on 21-Jun-2024.
Navi ELSS Tax Saver Fund Direct Payout of Income Distribution cum capital withdrawal option
Absolute Returns
CAGR Returns
1 Month Returns
6.89%
6.89%
6 Month Returns
16.41%
16.41%
1 Year Returns
32.5%
32.5%
3 Years Returns
64.75%
18.11%
5 Years Returns
117.15%
16.78%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.37% as on May 2024
₹62 Cr as on May 2024
Hindustan Aeronautics Ltd Ordinary Shares(6.37%), HDFC Bank Ltd(5.34%), Reliance Industries Ltd(4.3%), Bharti Airtel Ltd(3.56%), Infosys Ltd(3.42%) as on May 2024
Financial Services(24.14%), Industrial(14.83%), Tech(13.53%) as on May 2024
The alpha ratio for the Navi ELSS Tax Saver Fund Direct Payout of Income Distribution cum capital withdrawal option for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Navi ELSS Tax Saver Fund Direct Payout of Income Distribution cum capital withdrawal option
-3.08
-0.44
-2.33
As on May 2024
The alpha for Navi ELSS Tax Saver Fund Direct Payout of Income Distribution cum capital withdrawal option is calculated against S&P BSE 200 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Navi ELSS Tax Saver Fund Direct Payout of Income Distribution cum capital withdrawal option for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Navi ELSS Tax Saver Fund Direct Payout of Income Distribution cum capital withdrawal option
0.88
0.89
0.96
As on May 2024
The Beta for Navi ELSS Tax Saver Fund Direct Payout of Income Distribution cum capital withdrawal option is calculated with S&P BSE 200 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Navi ELSS Tax Saver Fund Direct Payout of Income Distribution cum capital withdrawal option for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Navi ELSS Tax Saver Fund Direct Payout of Income Distribution cum capital withdrawal option
1.79
0.86
0.55
As on May 2024
The sharpe ratio for Navi ELSS Tax Saver Fund Direct Payout of Income Distribution cum capital withdrawal option is calculated with S&P BSE 200 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Navi ELSS Tax Saver Fund Direct Payout of Income Distribution cum capital withdrawal option for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Navi ELSS Tax Saver Fund Direct Payout of Income Distribution cum capital withdrawal option
10.13
11.96
18.98
As on May 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.5 as on May 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
The Exit load of Navi ELSS Tax Saver Fund Direct Payout of Income Distribution cum capital withdrawal option is 0%