NJ ELSS Tax Saver Scheme Fund Direct Growth

NJ ELSS Tax Saver Scheme Fund Direct Growth

Equity

Direct

Elss (Tax Savings)

NAV as on 05-12-2024

₹ 15.13

0.2%

1D

Inception Returns

32.5%

/yr

About NJ ELSS Tax Saver Scheme Fund Direct Growth

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.

Key Parameters

  1. NJ ELSS Tax Saver Scheme Fund Direct Growth has ₹251 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
  2. The fund has an expense ratio 0.5.

Returns

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%.

Holdings

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

Taxation

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 benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of NJ ELSS Tax Saver Scheme Fund Direct Growth

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 and lockin period

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

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
217 people have invested ₹ 1.9L in NJ ELSS Tax Saver Scheme Fund Direct Growth in the last three months

NJ ELSS Tax Saver Scheme Fund Direct Growth Overview

Expense ratio0.54%
Benchmark
S&P BSE 200 India TR INR
AUM₹251 Cr
Inception Date19 June, 2023
Min Lumpsum/SIP₹500/₹500
Exit Load0%
Lock In3 Years
TurnOver
41.79%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (05-Dec-24)

Period
NJ ELSS Tax Saver Scheme Fund Direct Growth
Nifty 500
elss (tax savings)
1M
-0.6%
2.6%
2.8%
3M
-8%
-2%
-0.9%
6M
10.2%
10.6%
12.9%
1Y
24.1%
25.2%
28.5%

Fund Distribution

as on (31-Oct-24)

  • Equity 99.5%

  • Debt & Cash 0.5%

Mid cap
56.5%

Small cap
27.9%

Large cap
15.1%

Sector Allocation

Oct'24

Sep'24

Aug'24

Health
28.7%
Consumer Defensive
16.1%
Basic Materials
12.2%
Financial Services
12%
Tech
8.2%
Industrial
7.7%
Utilities
6.8%
Energy
4.1%
Consumer Cyclical
4.1%
All changes are between Aug'24 and Oct'24
Oct'24
Sep'24
Aug'24
Fund Returns
-7.75%
1.23%
2.19%
Nifty 500
-6.52%
2.04%
0.97%
  • This fund’s returns stands at -7.75% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
  • This fund underperformed Nifty 500 by 1.24% in Oct'24
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 267.5 Cr
₹ 267.5 Cr
₹ 246.3 Cr
  • AUM of the fund stands at 267.5 Cr as of Oct'24
  • AUM has remained same between Oct'24 and Sep'24
Top Stocks bought last month
Abbott India Ltd's allocation increased from 3.37% to 4.24%
Abbott India Ltd's allocation increased from 3.37% to 4.24%
Marico Ltd's allocation increased from 3.32% to 3.92%
Marico Ltd's allocation increased from 3.32% to 3.92%
Top Stocks sold last month
HDFC Asset Management Co Ltd's allocation decreased from 4.35 % to 4.18 %
HDFC Asset Management Co Ltd's allocation decreased from 4.35 % to 4.18 %
Colgate-Palmolive (India) Ltd's allocation decreased from 5.08 % to 3.42 %
Colgate-Palmolive (India) Ltd's allocation decreased from 5.08 % to 3.42 %
Mahanagar Gas Ltd's allocation decreased from 5.05 % to 3.19 %
Mahanagar Gas Ltd's allocation decreased from 5.05 % to 3.19 %
Mid Cap allocation has gone up from 37.7% to 56.5%
Mid Cap allocation has gone up from 37.7% to 56.5%
Large Cap allocation has gone down from 46.4% to 15.1%
Large Cap allocation has gone down from 46.4% to 15.1%
Small Cap allocation has gone up from 15.2% to 27.9%
Small Cap allocation has gone up from 15.2% to 27.9%
Cash allocation has gone down from 0.7% to 0.5%
Cash allocation has gone down from 0.7% to 0.5%

Top 3 Sectors in October were Tech, Financial Services & Consumer Defensive

Oct'24
Health
29%
Consumer Defensive
16%
Basic Materials
12%
Sep'24
Tech
30%
Financial Services
17%
Consumer Defensive
15%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
27
27
27
Top 5 Company Concentration
22.1%
28.6%
28.8%
Company having highest exposure
Gillette India Ltd (5%)
Bajaj Auto Ltd (6.5%)
Hindustan Aeronautics Ltd Ordinary Shares (6.6%)
No of Sectors
9
8
8
Top 5 Sectors Concentration
77.3%
84%
84.7%
Sector having highest exposure
Health (28.7%)
Tech (30.3%)
Tech (31.2%)
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Fund House
NJ Asset Management Private Limited
Total Schemes
Total AUM
₹7.07K Cr
as on 31-Oct-2024
Address
NJ Asset Management Private Limited,Unit No. 101A, 1st Floor,Hallmark Business Plaza,Bandra East, Mumbai 400051
Phone
02268940000
Website
complianceamc@njgroup.in

NJ ELSS Tax Saver Scheme Fund Direct Growth 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 32.49% since inception which is more than its category average return of 16.15%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.51% in Equity, 0% in Debt and 0.49% in Cash related instruments
AUM size ₹251 Cr

AUM size ₹251 Cr

This fund has AUM of ₹251 Cr which is less than its category average of ₹ 3984 Cr
Expense Ratio 0.54%

Expense Ratio 0.54%

This fund has an expense ratio of 0.54% which is less than its category average expense ratio of 1.47%

Frequently Asked Questions for NJ ELSS Tax Saver Scheme Fund Direct Growth

The current NAV of NJ ELSS Tax Saver Scheme Fund Direct Growth is ₹15.13 as on 05-Dec-2024.
Existing (Absolute + CAGR) as on 05-Dec-2024.
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%
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.
0.54% as on November 2024
₹251 Cr as on November 2024
Gillette India Ltd(4.96%), Ipca Laboratories Ltd(4.52%), Abbott India Ltd(4.24%), Muthoot Finance Ltd(4.19%), V-Guard Industries Ltd(4.18%) as on November 2024
Health(28.59%), Consumer Defensive(16%), Basic Materials(12.12%) as on November 2024
The alpha ratio for the NJ ELSS Tax Saver Scheme Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
NJ ELSS Tax Saver Scheme Fund Direct Growth
-4.1
-
-
As on November 2024
The alpha for NJ ELSS Tax Saver Scheme Fund 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 Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
NJ ELSS Tax Saver Scheme Fund Direct Growth
1.22
-
-
As on November 2024
The Beta for NJ ELSS Tax Saver Scheme Fund 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 Fund 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 Fund Direct Growth
1.03
-
-
As on November 2024
The sharpe ratio for NJ ELSS Tax Saver Scheme Fund 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 Fund 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 Fund Direct Growth
16.72
-
-
As on November 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 Fund Direct Growth is 0%