Nippon India Tax Saver (ELSS) Fund - Direct Plan - Growth Option

Nippon India Tax Saver (ELSS) Fund - Direct Plan - Growth Option

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Equity
Direct
Elss (Tax Savings)

NAV: ₹ 99.5 as on 04-10-2023

Fund Performance
zero opening, trading, fund transfer fee
2676 people have invested ₹ 2.5Cr in Nippon India Tax Saver (ELSS) Fund - Direct Plan - Growth Option in the last three months

Fund Insights

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This fund expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 1.04% which is lower than the category average expense ratio of 1.32%.
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In the last 5 years, Quant Tax Plan Growth Option Direct Plan has given 26.83% return, outperforming this fund by 14.57% per annum.
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Over the last 1 year, this fund has increased expense ratio by 22.4% moving from 0.85 to 1.04.
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In the last 3 years, Quant Tax Plan Growth Option Direct Plan has given 36.12% return, outperforming this fund by 7.98% per annum.
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In the last 1 year, SBI Long Term Equity Fund Direct Growth has given 33.47% return, outperforming this fund by 11.48%.

INDmoney Rank

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17
/23
57% Performance
29% Risk Management
31% Cost
17 out of 23 among elss (tax savings)

Pros

Outperformed benchmarks during bull run

Larger AUM within category

3Y returns in the top 25% of the category

Cons

Does not beat the benchmark consistently

Highly volatile within category

Poor track record of protecting capital in bear phase

About the Fund

Nippon India Tax Saver (ELSS) Fund - Direct Plan - Growth Option is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Kinjal Desai, Ashutosh Bhargava. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Nippon India Tax Saver (ELSS) Fund - Direct Plan - Growth Option has ₹12544 Cr worth of assets under management (AUM) as on Aug 2023 and is more than category average.
  2. The fund has an expense ratio 1.

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

Expense ratio
Expense ratio
1.04%
Benchmark
Benchmark
S&P BSE 200 India TR INR
AUM
AUM
₹12544 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%

Fund Distribution as on (31-Aug-23)

  • Equity 99.3%

  • Debt & Cash 0.4%

Size breakup

Large cap
69.3%
Mid cap
17.9%
Small cap
11.9%

Sector Allocation

Aug'23

Jul'23

Jun'23

Financial Services

35.7%

Consumer Cyclical

12.5%

Industrial

9.9%

Consumer Defensive

9.2%

Basic Materials

9%

Utilities

5.3%

Tech

5.1%

Energy

4.4%

Health

4%

Communication

3.4%

Real Estate

1.5%

Top Holdings of Nippon India Tax Saver (ELSS) Fund - Direct Plan - Growth Option as on (30-Sep-23)

  • Equity

Equity Holdings64

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

All changes are between Jun'23 and Aug'23

Fund Performance

Aug'23
Jul'23
Jun'23
Fund Returns
0.19%
4.87%
5.51%
Nifty 500
-0.74%
3.21%
4.25%
  • This fund’s returns stands at 0.19% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.74% as on Aug'23
  • This fund outperformed Nifty 500 by 0.93% in Aug'23

AUM Change

Parameters
Aug'23
Jul'23
Jun'23
AUM
₹ 12.5K Cr
₹ 12.6K Cr
₹ 12.2K Cr
  • AUM of the fund stands at 12.5K Cr as of Aug'23
  • AUM decreased by 90.6 Cr between Aug'23 and Jul'23

Fund Portfolio Changes

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

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

Kinjal Desai

Kinjal Desai

Fund Manager of Nippon India Tax Saver (ELSS) Fund - Direct Plan - Growth Option, since 25 May 2018
Ashutosh Bhargava

Ashutosh Bhargava

Fund Manager of Nippon India Tax Saver (ELSS) Fund - Direct Plan - Growth Option, since 1 July 2020

Fund 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 13.91% since inception which is less than its category average return of 14.22%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.33% in Equity, 0% in Debt and 0.39% in Cash related instruments
AUM size ₹12544 Cr

AUM size ₹12544 Cr

This fund has AUM of ₹12544 Cr which is more than its category average of ₹ 2953 Cr
Expense Ratio 1.04%

Expense Ratio 1.04%

This fund has an expense ratio of 1.04% which is less than its category average expense ratio of 1.5%

Frequently Asked Questions

The current NAV of Nippon India Tax Saver (ELSS) Fund - Direct Plan - Growth Option is ₹99.5 as on 04-Oct-2023.
Existing (Absolute + CAGR) as on 04-Oct-2023.
Nippon India Tax Saver (ELSS) Fund - Direct Plan - Growth Option
Absolute Returns
CAGR Returns
1 Month Returns
1.02%
1.02%
6 Month Returns
20.16%
20.16%
1 Year Returns
21.99%
21.99%
3 Years Returns
110.41%
28.14%
5 Years Returns
78.27%
12.26%
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1.04% as on September 2023
₹12544 Cr as on September 2023
HDFC Bank Ltd(8.84%), ICICI Bank Ltd(7.95%), Infosys Ltd(5.04%), Axis Bank Ltd(4.46%), State Bank of India(3.85%) as on September 2023
Financial Services(35.51%), Consumer Cyclical(12.42%), Industrial(9.86%) as on September 2023
The alpha ratio for the Nippon India Tax Saver (ELSS) Fund - Direct Plan - Growth Option for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Nippon India Tax Saver (ELSS) Fund - Direct Plan - Growth Option
3.53
3.7
-2.59
As on September 2023
The alpha for Nippon India Tax Saver (ELSS) 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 Tax Saver (ELSS) Fund - Direct Plan - Growth Option for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Nippon India Tax Saver (ELSS) Fund - Direct Plan - Growth Option
0.94
1.01
1.08
As on September 2023
The Beta for Nippon India Tax Saver (ELSS) 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 Tax Saver (ELSS) 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 Tax Saver (ELSS) Fund - Direct Plan - Growth Option
1.27
1.46
0.42
As on September 2023
The sharpe ratio for Nippon India Tax Saver (ELSS) 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 Tax Saver (ELSS) 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 Tax Saver (ELSS) Fund - Direct Plan - Growth Option
10.44
14.99
21.32
As on September 2023
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 3.45 as on September 2023. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 1.3 as on September 2023. It tells the consistency of the fund in generating superior risk-adjusted performance
Kinjal Desai, Ashutosh Bhargava are the fund managers of Nippon India Tax Saver (ELSS) Fund - Direct Plan - Growth Option
The Exit load of Nippon India Tax Saver (ELSS) Fund - Direct Plan - Growth Option is 0%