Nippon India ELSS Tax Saver Fund Direct Plan - Growth Option

Nippon India ELSS Tax Saver Fund Direct Plan - Growth Option

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Equity
Direct
Elss (Tax Savings)
NAV: ₹ 122.15 as on 22-04-2024
Fund Performance
zero opening, trading, fund transfer fee
3388 people have invested ₹ 3.8Cr in Nippon India ELSS Tax Saver Fund Direct Plan - Growth Option in the last three months

Mutual Fund Insights

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Over the last 1 year, this fund has decreased expense ratio by 12.7% moving from 1.18 to 1.03.
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In the last 3 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 32.6% return, outperforming this fund by 9.64% per annum.
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This fund expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 1.03% which is lower than the category average expense ratio of 1.29%.
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In the last 1 year, Quant ELSS Tax Saver Growth Option Direct Plan has given 63.34% return, outperforming this fund by 18.35%.
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In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 34.02% return, outperforming this fund by 18.37% per annum.

INDmoney Rank of Nippon India ELSS Tax Saver Fund Direct Plan - Growth Option

Powered by IND quant engine
18
/23
53% Performance
33% Risk Management
18% Cost
18 out of 23 among elss (tax savings)

Pros

Larger AUM within category
Beats FD returns for both 3Y & 5Y

Cons

Poor track record of protecting capital in bear phase
Poor track record of Recovering losses quickly
5Y returns in the bottom 25% of the category

About the Nippon India ELSS Tax Saver Fund Direct Plan - Growth Option

Nippon India ELSS Tax Saver Fund Direct Plan - Growth Option 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

  1. Nippon India ELSS Tax Saver Fund Direct Plan - Growth Option has ₹14322 Cr worth of assets under management (AUM) as on Mar 2024 and is more than category average.
  2. The fund has an expense ratio 1.

Nippon India ELSS Tax Saver Fund Direct Plan - Growth Option Overview

Expense ratio
Expense ratio
1.03%
Benchmark
Benchmark
S&P BSE 200 India TR INR
AUM
AUM
₹14322 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹500/₹500
Exit Load
Exit Load
0%
Lock In
Lock In
3 Years
TurnOver
TurnOver
21.36%

Nippon India ELSS Tax Saver Fund Direct Plan - Growth Option Distribution as on (31-Mar-24)

  • Equity 98.7%

  • Debt & Cash 1.3%

Size breakup

Large cap
67.6%
Mid cap
18.4%
Small cap
12.7%
Sector Allocation

Mar'24

Feb'24

Jan'24

Financial Services
35.7%
Consumer Cyclical
13.3%
Industrial
10.3%
Consumer Defensive
8.6%
Basic Materials
6.6%
Utilities
6.4%
Energy
5.5%
Tech
5.2%
Health
4%
Communication
2.9%
Real Estate
1.6%

Top Holdings of Nippon India ELSS Tax Saver Fund Direct Plan - Growth Option as on (31-Mar-24)

  • Equity

Equity Holdings62

Nippon India ELSS Tax Saver Fund Direct Plan - Growth Option: Monthly Changes Updates

All changes are between Jan'24 and Mar'24
Fund Performance
Mar'24
Feb'24
Jan'24
Fund Returns
1.46%
1.69%
1.81%
Nifty 500
-0.47%
1.58%
1.71%
  • This fund’s returns stands at 1.46% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.47% as on Mar'24
  • This fund outperformed Nifty 500 by 1.93% in Mar'24
AUM Change
Parameters
Mar'24
Feb'24
Jan'24
AUM
₹ 14.3K Cr
₹ 14.3K Cr
₹ 14.2K Cr
  • AUM of the fund stands at 14.3K Cr as of Mar'24
  • AUM increased by 34.6 Cr between Mar'24 and Feb'24
Fund Portfolio Changes

Gainers & Losers in Nippon India ELSS Tax Saver Fund Direct Plan - Growth Option portfolio Returns for the month of Mar

Nippon India ELSS Tax Saver Fund Direct Plan - Growth Option Fund Manager

Ashutosh Bhargava
Ashutosh Bhargava
Fund Manager of Nippon India ELSS Tax Saver Fund Direct Plan - Growth Option, since 1 July 2020
Kinjal Desai
Kinjal Desai
Fund Manager of Nippon India ELSS Tax Saver Fund Direct Plan - Growth Option, since 25 May 2018

Nippon India ELSS Tax Saver Fund Direct Plan - Growth 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 15.15% since inception which is less than its category average return of 15.6%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.67% in Equity, 0% in Debt and 1.33% in Cash related instruments
AUM size ₹14322 Cr

AUM size ₹14322 Cr

This fund has AUM of ₹14322 Cr which is more than its category average of ₹ 3525 Cr
Expense Ratio 1.03%

Expense Ratio 1.03%

This fund has an expense ratio of 1.03% which is less than its category average expense ratio of 1.48%

Frequently Asked Questions

The current NAV of Nippon India ELSS Tax Saver Fund Direct Plan - Growth Option is ₹122.15 as on 22-Apr-2024.
Existing (Absolute + CAGR) as on 22-Apr-2024.
Nippon India ELSS Tax Saver Fund Direct Plan - Growth Option
Absolute Returns
CAGR Returns
1 Month Returns
3.53%
3.53%
6 Month Returns
21.95%
21.95%
1 Year Returns
44.99%
44.99%
3 Years Returns
85.89%
22.96%
5 Years Returns
106.83%
15.64%
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1.03% as on March 2024
₹14322 Cr as on March 2024
ICICI Bank Ltd(7.48%), HDFC Bank Ltd(6.77%), Infosys Ltd(4.29%), NTPC Ltd(3.66%), Axis Bank Ltd(3.55%) as on March 2024
Financial Services(35.25%), Consumer Cyclical(13.1%), Industrial(10.14%) as on March 2024
The alpha ratio for the Nippon India ELSS Tax Saver Fund Direct Plan - Growth Option for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Nippon India ELSS Tax Saver Fund Direct Plan - Growth Option
3.18
2.38
-2.16
As on March 2024
The alpha for Nippon India ELSS Tax Saver Fund Direct Plan - Growth 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 Nippon India ELSS Tax Saver Fund Direct Plan - Growth Option for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Nippon India ELSS Tax Saver Fund Direct Plan - Growth Option
0.96
0.96
1.07
As on March 2024
The Beta for Nippon India ELSS Tax Saver Fund Direct Plan - Growth 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 Nippon India ELSS Tax Saver Fund Direct Plan - Growth Option 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 Plan - Growth Option
2.9
1.17
0.55
As on March 2024
The sharpe ratio for Nippon India ELSS Tax Saver Fund Direct Plan - Growth 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 Nippon India ELSS Tax Saver Fund Direct Plan - Growth Option 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 Plan - Growth Option
10.4
12.96
21.12
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 2.3 as on March 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.81 as on March 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 Plan - Growth Option
The Exit load of Nippon India ELSS Tax Saver Fund Direct Plan - Growth Option is 0%