Navi ELSS Tax Saver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV: ₹ 29.69 as on 18-04-2024
Fund Performance
Mutual Fund Insights
In the last 3 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 32.91% return, outperforming this fund by 15.6% per annum.
This fund has one of the lowest expense ratio in the category (elss (tax savings)). Its expense ratio is 0.37% which is lower than the category average expense ratio of 1.3%.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 33.3% return, outperforming this fund by 19.29% per annum.
Over the last 1 month, this fund has experienced a 4.0% drop in AUM moving from 62.79 Cr to 60.25 Cr.
In the last 1 year, Quant ELSS Tax Saver Growth Option Direct Plan has given 61.86% return, outperforming this fund by 31.64%.
INDmoney Rank of Navi ELSS Tax Saver Fund Direct Growth
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IND ranking is not available for this fund.
Pros
Beats FD returns for both 3Y & 5Y duration
Cons
5Y returns in the bottom 25% of the category
3Y returns in the bottom 25% of the category
About the Navi ELSS Tax Saver Fund Direct Growth
Navi ELSS Tax Saver Fund Direct Growth 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
- Navi ELSS Tax Saver Fund Direct Growth has ₹60 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
- The fund has an expense ratio 0.4.
Navi ELSS Tax Saver Fund Direct Growth Overview
 | 0.37% |
 Benchmark | S&P BSE 200 India TR INR |
 | ₹60 Cr |
 | 30 December, 2015 |
 | --/-- |
 | 0% |
 | 3 Years |
 TurnOver | 47.51% |
Navi ELSS Tax Saver Fund Direct Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
62.9%
Mid cap
18.8%
Small cap
16.7%
Sector Allocation
Financial Services
26.2%
Tech
16.9%
Industrial
12.3%
Health
12.2%
Consumer Cyclical
9.2%
Consumer Defensive
9.1%
Basic Materials
5.9%
Energy
4.6%
Communication
3.6%
Top Holdings of Navi ELSS Tax Saver Fund Direct Growth as on (31-Mar-24)
Equity Holdings45
Navi ELSS Tax Saver Fund Direct Growth: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at -1.64% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.47% as on Mar'24
- This fund underperformed Nifty 500 by 1.17% in Mar'24
AUM Change
- AUM of the fund stands at 60.3 Cr as of Mar'24
- AUM decreased by 2.5 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers in Navi ELSS Tax Saver Fund Direct Growth portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Hindustan Aeronautics Ltd | 19.7% |
 Max Healthcare Institute Ltd | 16.9% |
 Bharti Airtel Ltd | 4.9% |
Top Losers | 1M Return |
|---|---|
 Infosys Ltd | -7.9% |
 Tata Consumer Products Ltd | -2.5% |
Fusion Micro Finance Ltd | 7% |
Peer Analysis
Navi ELSS Tax Saver Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 14.1% since inception which is less than its category average return of 15.54%
Fund Allocations
This fund has an allocation of 98.35% in Equity, 0% in Debt and 1.65% in Cash related instruments
AUM size ₹60 Cr
This fund has AUM of ₹60 Cr which is less than its category average of ₹ 3525 Cr
Expense Ratio 0.37%
This fund has an expense ratio of 0.37% which is less than its category average expense ratio of 1.48%
Frequently Asked Questions
The current NAV of Navi ELSS Tax Saver Fund Direct Growth is ₹29.69 as on 18-Apr-2024.
Existing (Absolute + CAGR) as on 18-Apr-2024.
Navi ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.27% | 1.27% |
6 Month Returns | 10.16% | 10.16% |
1 Year Returns | 30.22% | 30.22% |
3 Years Returns | 61.41% | 17.3% |
5 Years Returns | 92.6% | 14.01% |
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0.37% as on March 2024
₹60 Cr as on March 2024
Infosys Ltd(6.22%), Sun Pharmaceuticals Industries Ltd(5.51%), HDFC Bank Ltd(5.17%), Reliance Industries Ltd(4.57%), Hindustan Aeronautics Ltd Ordinary Shares(4.36%) as on March 2024
Financial Services(25.72%), Tech(16.63%), Industrial(12.05%) as on March 2024
The alpha ratio for the Navi ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Navi ELSS Tax Saver Fund Direct Growth | -3.62 | -0.76 | -2.18 |
As on March 2024
The alpha for Navi ELSS Tax Saver Fund Direct Growth 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 Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Navi ELSS Tax Saver Fund Direct Growth | 0.89 | 0.88 | 0.96 |
As on March 2024
The Beta for Navi ELSS Tax Saver Fund Direct Growth 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 Growth 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 Growth | 2.1 | 0.9 | 0.53 |
As on March 2024
The sharpe ratio for Navi ELSS Tax Saver Fund Direct Growth 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 Growth 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 Growth | 10.3 | 12.18 | 18.97 |
As on March 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 1.6 as on March 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
The Exit load of Navi ELSS Tax Saver Fund Direct Growth is 0%