Equity
Direct
Elss (Tax Savings)
NAV as on 05-12-2024
₹ 15.13
▲0.2%
1D
Inception Returns
32.5%
/yr
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 32.49% since inception. Over the last 1 year the fund has given a CAGR return of 24.12%.
NJ ELSS Tax Saver Scheme Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Health, Consumer Defensive, Basic Materials, Financial Services, Tech, Industrial, Utilities, Energy, Consumer Cyclical. Its top holdings are Gillette India Ltd, Ipca Laboratories Ltd, Abbott India Ltd, Muthoot Finance Ltd, V-Guard Industries 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 long term 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 | 0.54% |
Benchmark | S&P BSE 200 India TR INR |
AUM | ₹251 Cr |
Inception Date | 19 June, 2023 |
Min Lumpsum/SIP | ₹500/₹500 |
Exit Load | 0% |
Lock In | 3 Years |
TurnOver | 41.79% |
STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
Risk | Very High Risk |
as on (05-Dec-24)
as on (31-Oct-24)
Top 3 Sectors in October were Tech, Financial Services & Consumer Defensive
NJ ELSS Tax Saver Scheme Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -0.59% | -0.59% |
6 Month Returns | 10.2% | 10.2% |
1 Year Returns | 24.12% | 24.12% |
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 | -4.1 | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
NJ ELSS Tax Saver Scheme Fund Direct Growth | 1.22 | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
NJ ELSS Tax Saver Scheme Fund Direct Growth | 1.03 | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
NJ ELSS Tax Saver Scheme Fund Direct Growth | 16.72 | - | - |