NJ ELSS Tax Saver Scheme Fund Direct Growth is an equity fund. This fund was started on 19 June, 2023. The fund is managed by . The fund could potentially beat inflation in the long-run.
NJ ELSS Tax Saver Scheme Fund Direct Growth has given a CAGR return of 49.31% since inception. Over the last 1 year the fund has given a CAGR return of 48.76%.
NJ ELSS Tax Saver Scheme Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Tech, Financial Services, Industrial, Consumer Defensive, Utilities, Basic Materials, Consumer Cyclical, Health. Its top holdings are Hindustan Aeronautics Ltd Ordinary Shares, Bharat Electronics Ltd, Nippon Life India Asset Management Ltd Ordinary Shares, Bajaj Auto Ltd, Power Grid Corp Of India Ltd
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.
The investment objective of the Scheme is to generate income and longterm capital appreciation from a diversified portfolio of predominantly equity and equity-related instruments.However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. There is a lock in period for NJ ELSS Tax Saver Scheme Fund Direct Growth of 3 Years
Expense ratio | 0.49% |
Benchmark | S&P BSE 200 India TR INR |
AUM | ₹217 Cr |
Inception Date | 19 June, 2023 |
Min Lumpsum/SIP | ₹500/₹500 |
Exit Load | 0% |
Lock In | 3 Years |
TurnOver | 0% |
Risk | Very High Risk |
NJ ELSS Tax Saver Scheme Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 5.35% | 5.35% |
6 Month Returns | 17.26% | 17.26% |
1 Year Returns | 48.76% | 48.76% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
NJ ELSS Tax Saver Scheme Fund Direct Growth | 6.32 | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
NJ ELSS Tax Saver Scheme Fund Direct Growth | 0.99 | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
NJ ELSS Tax Saver Scheme Fund Direct Growth | 2.52 | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
NJ ELSS Tax Saver Scheme Fund Direct Growth | 13.08 | - | - |