Navi ELSS Tax Saver Nifty 50 Index Fund Direct Growth

Navi ELSS Tax Saver Nifty 50 Index Fund Direct Growth is an equity fund. This fund was started on 21 March, 2023. The fund is managed by Ashutosh Shirwaikar. The fund could potentially beat inflation in the long-run.

1. Navi ELSS Tax Saver Nifty 50 Index Fund Direct Growth has ₹99 Cr worth of assets under management (AUM) as on Aug 2025 and is more than category average.
2. The fund has an expense ratio 0.2.
   

Navi ELSS Tax Saver Nifty 50 Index Fund Direct Growth has given a CAGR return of 18.18% since inception. Over the last 1 year the fund has given a CAGR return of 2.70%.

Navi ELSS Tax Saver Nifty 50 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Energy, Tech, Consumer Defensive, Basic Materials, Industrial, Communication, Health, Utilities. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Reliance Industries Ltd, Infosys Ltd, Bharti Airtel 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 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

The investment objective of the Scheme is to invest in companies whose securities are included in Nifty 50 Index (the Index) and to endeavour to achieve the returns of the index, though subject to tracking error. Investment in this scheme would be subject to statutory lock-in period of 3 years from the date of allotment to be eligible for income tax benefit under section 80 C. However, there is no assurance that the investment objective of the Scheme will be realized.

Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. There is a lock in period for Navi ELSS Tax Saver Nifty 50 Index Fund Direct Growth of 3 Years