NJ ELSS Tax Saver Scheme Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV: ₹ 13.39 as on 15-05-2024
About the Fund
NJ ELSS Tax Saver Scheme 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.
Key Parameters
- NJ ELSS Tax Saver Scheme Direct Growth has ₹191 Cr worth of assets under management (AUM) as on Apr 2024 and is less than category average.
- The fund has an expense ratio 0.5.
Fund Performance
113 people have invested ₹ 2.2L in NJ ELSS Tax Saver Scheme Direct Growth in the last three months
Overview
 | 0.48% |
 Benchmark | S&P BSE 200 India TR INR |
 | ₹191 Cr |
 | 19 June, 2023 |
 | ₹500/₹500 |
 | 0% |
 | 3 Years |
 TurnOver | 0% |
NJ ELSS Tax Saver Scheme Direct Growth Distribution as on (30-Apr-24)
Size breakup
Large cap
48.2%
Mid cap
32.6%
Small cap
18.4%
Sector Allocation
Tech
30.4%
Financial Services
18.2%
Consumer Defensive
14.2%
Industrial
12.1%
Utilities
9.5%
Basic Materials
6.3%
Consumer Cyclical
5.7%
Health
3.7%
Top Holdings of NJ ELSS Tax Saver Scheme Direct Growth as on (30-Apr-24)
Equity Holdings25
Gainers & Losers Returns for the month of Apr
Top Growth Drivers | 1M Return |
|---|---|
 Hindustan Aeronautics Ltd | 8.1% |
 Nippon Life India Asset Management Ltd | 5.1% |
Top Losers | 1M Return |
|---|---|
 L&T Technology Services Ltd | -19.2% |
 HCL Technologies Ltd | -12.8% |
 CRISIL Ltd | -11.9% |
Monthly Changes Updates
All changes are between Feb'24 and Apr'24
Fund Performance
- This fund’s returns stands at 1.26% whereas the fund’s underlying benchmark Nifty 500 returns stands at 2.46% as on Apr'24
- This fund underperformed Nifty 500 by 1.20% in Apr'24
AUM Change
- AUM of the fund stands at 184 Cr as of Apr'24
- AUM has remained same between Apr'24 and Mar'24
Fund Portfolio Changes
Peer Analysis
NJ ELSS Tax Saver Scheme Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered returns of 33.63% since inception (19nd Jun 2023)
Fund Allocations
This fund has an allocation of 99.24% in Equity, 0% in Debt and 0.76% in Cash related instruments
AUM size ₹191 Cr
This fund has AUM of ₹191 Cr which is less than its category average of ₹ 3661 Cr
Expense Ratio 0.48%
This fund has an expense ratio of 0.48% which is less than its category average expense ratio of 1.48%
Frequently Asked Questions
The current NAV of NJ ELSS Tax Saver Scheme Direct Growth is ₹13.39 as on 15-May-2024.
Existing (Absolute + CAGR) as on 15-May-2024.
NJ ELSS Tax Saver Scheme Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -2.48% | -2.48% |
6 Month Returns | 17.77% | 17.77% |
1 Year Returns | 0% | 0% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
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.
0.48% as on April 2024
₹191 Cr as on April 2024
Hindustan Aeronautics Ltd Ordinary Shares(6.58%), Nippon Life India Asset Management Ltd Ordinary Shares(5.78%), Bajaj Auto Ltd(5.67%), Bharat Electronics Ltd(5.44%), Power Grid Corp Of India Ltd(4.87%) as on April 2024
Tech(30.14%), Financial Services(18.02%), Consumer Defensive(14.06%) as on April 2024
The alpha ratio for the NJ ELSS Tax Saver Scheme Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
NJ ELSS Tax Saver Scheme Direct Growth | - | - | - |
As on April 2024
The alpha for NJ ELSS Tax Saver Scheme 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 NJ ELSS Tax Saver Scheme Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
NJ ELSS Tax Saver Scheme Direct Growth | - | - | - |
As on April 2024
The Beta for NJ ELSS Tax Saver Scheme 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 NJ ELSS Tax Saver Scheme Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
NJ ELSS Tax Saver Scheme Direct Growth | - | - | - |
As on April 2024
The sharpe ratio for NJ ELSS Tax Saver Scheme 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 NJ ELSS Tax Saver Scheme Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
NJ ELSS Tax Saver Scheme Direct Growth | - | - | - |
As on April 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.
The Exit load of NJ ELSS Tax Saver Scheme Direct Growth is 0%