Nippon India ELSS Tax Saver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
About the Fund
Nippon India ELSS Tax Saver Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Ashutosh Bhargava, Kinjal Desai. The fund could potentially beat inflation in the long-run.
Key Parameters
- Nippon India ELSS Tax Saver Fund Direct Growth has ₹15917 Cr worth of assets under management (AUM) as on Jun 2024 and is more than category average.
- The fund has an expense ratio 1.
Returns
Nippon India ELSS Tax Saver Fund Direct Growth has given a CAGR return of 16.13% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 44.69%, 23.47% and 20.90% respectively.
Holdings
Nippon India ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Consumer Defensive, Basic Materials, Utilities, Tech, Energy, Communication, Health, Real Estate, Corporate. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, Infosys Ltd, Axis Bank Ltd, NTPC 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 benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of Nippon India ELSS Tax Saver Fund Direct Growth
The primary objective of the scheme is to generate long term capital appreciation from a portfolio that is invested predominantly in equity and equity related instruments.However, there can be no assurance that the scheme's investment objective shall be achieved
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 Nippon India ELSS Tax Saver Fund Direct Growth of 3 Years
Fund Performance
3406 people have invested ₹ 3.5Cr in Nippon India ELSS Tax Saver Fund Direct Growth in the last three months
INDmoney Rank
Powered by IND quant engine
15
/23
57% Performance
33% Risk Management
18% Cost
15 out of 23 among elss (tax savings)
Larger AUM within category
3Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y
Poor track record of protecting capital in bear phase
Fund Overview
| Expense ratio | 1.02% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹15917 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 21.36% |
| Risk |   Very High Risk |
Fund Distributionas on (30-Jun-24)
Large cap
67%
Small cap
16.6%
Mid cap
15.6%
Sector Allocation
Financial Services
35.2%
Consumer Cyclical
14.5%
Industrial
10.7%
Consumer Defensive
7.8%
Basic Materials
6.4%
Utilities
6.3%
Tech
5.3%
Energy
5%
Communication
3.8%
Health
3.4%
Real Estate
1.5%
All changes are between Apr'24 and Jun'24
as on (30-Jun-24)
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 7.39% | 0% | |
 HDFC Bank Ltd | 6.24% | -1.7% | |
 Infosys Ltd | 4.04% | 0% | |
 Axis Bank Ltd | 3.86% | 0% | |
 NTPC Ltd | 3.71% | 0% |
See all
See all
Returns for the month of Jun
Top Growth Drivers | 1M Return |
|---|---|
 Infosys Ltd | 20.3% |
Samvardhana Motherson International Ltd | 2.4% |
Ashutosh Bhargava
Fund Manager of Nippon India ELSS Tax Saver Fund Direct Growth, since 1 July 2020
Top funds managed
Kinjal Desai
Fund Manager of Nippon India ELSS Tax Saver Fund Direct Growth, since 25 May 2018
Top funds managed
Mutual Fund Insights
Over the last 1 month, this fund has experienced a 5.9% growth in AUM moving from 15.02K Cr to 15.91K Cr.
Over the last 15 months, this fund has decreased expense ratio by 13.6% moving from 1.18 to 1.02.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 36.98% return, outperforming this fund by 16.08% per annum.
This fund expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 1.02% which is lower than the category average expense ratio of 1.27%.
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 57.32% return, outperforming this fund by 12.63%.
In the last 3 years, SBI Long Term Equity Fund Direct Growth has given 28.48% return, outperforming this fund by 5.01% per annum.
Nippon India 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 16.13% since inception which is less than its category average return of 16.63%
Fund Allocations
This fund has an allocation of 99.22% in Equity, 0% in Debt and 0.78% in Cash related instruments
AUM size ₹15917 Cr
This fund has AUM of ₹15917 Cr which is more than its category average of ₹ 3925 Cr
Expense Ratio 1.02%
This fund has an expense ratio of 1.02% which is less than its category average expense ratio of 1.47%
Frequently Asked Questions
The current NAV of Nippon India ELSS Tax Saver Fund Direct Growth is ₹139.64 as on 25-Jul-2024.
Existing (Absolute + CAGR) as on 25-Jul-2024.
Nippon India ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.84% | 3.84% |
6 Month Returns | 22.81% | 22.81% |
1 Year Returns | 44.69% | 44.69% |
3 Years Returns | 88.25% | 23.47% |
5 Years Returns | 158.29% | 20.9% |
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.
1.02% as on June 2024
₹15917 Cr as on June 2024
ICICI Bank Ltd(7.39%), HDFC Bank Ltd(6.24%), Infosys Ltd(4.04%), Axis Bank Ltd(3.86%), NTPC Ltd(3.71%) as on June 2024
Financial Services(34.9%), Consumer Cyclical(14.36%), Industrial(10.62%) as on June 2024
The alpha ratio for the Nippon India ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Nippon India ELSS Tax Saver Fund Direct Growth | 5.58 | 3.16 | -1.97 |
As on June 2024
The alpha for Nippon India 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 Nippon India ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Nippon India ELSS Tax Saver Fund Direct Growth | 0.96 | 0.97 | 1.07 |
As on June 2024
The Beta for Nippon India 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 Nippon India 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 |
Nippon India ELSS Tax Saver Fund Direct Growth | 2.82 | 1.25 | 0.66 |
As on June 2024
The sharpe ratio for Nippon India 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 Nippon India 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 |
Nippon India ELSS Tax Saver Fund Direct Growth | 11.13 | 13.15 | 21.27 |
As on June 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 2.49 as on June 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 1.2 as on June 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Ashutosh Bhargava, Kinjal Desai are the fund managers of Nippon India ELSS Tax Saver Fund Direct Growth
The Exit load of Nippon India ELSS Tax Saver Fund Direct Growth is 0%