Navi ELSS Tax Saver Nifty 50 Index Fund Direct Growth

Navi ELSS Tax Saver Nifty 50 Index Fund Direct Growth

Equity

Direct

Elss (Tax Savings)

NAV as on 27-12-2024

₹ 14.24

0.3%

1D

Inception Returns

21.6%

/yr

About 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 . The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Navi ELSS Tax Saver Nifty 50 Index Fund Direct Growth has ₹73 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
  2. The fund has an expense ratio 0.1.

Returns

Navi ELSS Tax Saver Nifty 50 Index Fund Direct Growth has given a CAGR return of 21.59% since inception. Over the last 1 year the fund has given a CAGR return of 10.90%.

Holdings

Navi ELSS Tax Saver Nifty 50 Index Fund Direct Growth has allocated its funds majorly in Financial Services, Tech, Energy, Consumer Cyclical, Consumer Defensive, Basic Materials, Industrial, Communication, Health, Utilities. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Reliance Industries Ltd, Infosys Ltd, ITC 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 Navi ELSS Tax Saver Nifty 50 Index Fund Direct Growth

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 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 Navi ELSS Tax Saver Nifty 50 Index Fund Direct Growth of 3 Years

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
1920 people have invested ₹ 56.9L in Navi ELSS Tax Saver Nifty 50 Index Fund Direct Growth in the last three months

Navi ELSS Tax Saver Nifty 50 Index Fund Direct Growth Overview

Expense ratio0.1%
Benchmark
S&P BSE 200 India TR INR
AUM₹73 Cr
Inception Date21 March, 2023
Min Lumpsum/SIP₹500/₹500
Exit Load0%
Lock In3 Years
TurnOver
12.79%
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 (27-Dec-24)

Period
Navi ELSS Tax Saver Nifty 50 Index Fund Direct Growth
Nifty 500
elss (tax savings)
1M
-1.9%
-1.5%
-0.5%
3M
-8.9%
-7.8%
-6.4%
6M
-0.6%
-0.9%
1.9%
1Y
10.9%
15.1%
20.8%

Fund Distribution

as on (30-Nov-24)

  • Equity 100%

Large cap
100.1%

Sector Allocation

Nov'24

Oct'24

Sep'24

Financial Services
34.5%
Tech
13.8%
Energy
10.9%
Consumer Cyclical
10.1%
Consumer Defensive
8%
Basic Materials
6%
Industrial
5.9%
Communication
4%
Health
3.9%
Utilities
3%
All changes are between Sep'24 and Nov'24
Nov'24
Oct'24
Sep'24
Fund Returns
-0.27%
-6.13%
2.26%
Nifty 500
-0.60%
-6.52%
2.04%
  • This fund’s returns stands at -0.27% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.60% as on Nov'24
  • This fund outperformed Nifty 500 by 0.33% in Nov'24
Parameters
Nov'24
Oct'24
Sep'24
AUM
₹ 70.2 Cr
₹ 71.2 Cr
₹ 71.2 Cr
  • AUM of the fund stands at 70.2 Cr as of Nov'24
  • AUM decreased by 1 Cr between Nov'24 and Oct'24
Top Stocks bought last month
Dr Reddy's Laboratories Ltd's allocation increased from 0.71% to 0.71%
Dr Reddy's Laboratories Ltd's allocation increased from 0.71% to 0.71%
Large Cap allocation has gone up from 100% to 100.1%
Large Cap allocation has gone up from 100% to 100.1%
Cash allocation has gone down from 0% to -0.1%
Cash allocation has gone down from 0% to -0.1%

Top 3 Sectors in November were Financial Services, Tech & Energy

Nov'24
Financial Services
35%
Tech
14%
Energy
11%
Oct'24
Financial Services
34%
Tech
13%
Energy
11%
  • Gainers

  • Losers

Top Growth Drivers
1M Return
Infosys Ltd
Infosys Ltd
3.2%
HDFC Bank Ltd
HDFC Bank Ltd
0.3%
Fund
Nov'24
Oct'24
Sep'24
No of Holdings
51
51
51
Top 5 Company Concentration
38.8%
38.8%
37.8%
Company having highest exposure
HDFC Bank Ltd (12.1%)
HDFC Bank Ltd (12.1%)
HDFC Bank Ltd (11.4%)
No of Sectors
10
10
10
Top 5 Sectors Concentration
77.3%
76.9%
77%
Sector having highest exposure
Financial Services (34.5%)
Financial Services (34.2%)
Financial Services (32.9%)
Loading...
We are taking more time than usual
Fund House
Navi AMC Limited
Total Schemes
Total AUM
₹7.16K Cr
as on 29-Nov-2024
Address
Peerless Mansion,3rd Floor,,1, Chowringhee Square
Phone
033-40185000/022-40635000
Website
mf@navi.com

Navi ELSS Tax Saver Nifty 50 Index 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 21.59% since inception which is more than its category average return of 15.68%
Fund Allocations

Fund Allocations

This fund has an allocation of 100.1% in Equity, 0% in Debt and -0.1% in Cash related instruments
AUM size ₹73 Cr

AUM size ₹73 Cr

This fund has AUM of ₹73 Cr which is less than its category average of ₹ 3945 Cr
Expense Ratio 0.1%

Expense Ratio 0.1%

This fund has an expense ratio of 0.1% which is less than its category average expense ratio of 1.45%

Frequently Asked Questions for Navi ELSS Tax Saver Nifty 50 Index Fund Direct Growth

The current NAV of Navi ELSS Tax Saver Nifty 50 Index Fund Direct Growth is ₹14.24 as on 27-Dec-2024.
Existing (Absolute + CAGR) as on 27-Dec-2024.
Navi ELSS Tax Saver Nifty 50 Index Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
-1.92%
-1.92%
6 Month Returns
-0.61%
-0.61%
1 Year Returns
10.9%
10.9%
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.
0.1% as on November 2024
₹73 Cr as on November 2024
HDFC Bank Ltd(12.59%), ICICI Bank Ltd(8.47%), Reliance Industries Ltd(8.1%), Infosys Ltd(6.18%), ITC Ltd(4.1%) as on November 2024
Financial Services(34.56%), Tech(13.78%), Energy(10.95%) as on November 2024
The alpha ratio for the Navi ELSS Tax Saver Nifty 50 Index Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Navi ELSS Tax Saver Nifty 50 Index Fund Direct Growth
-3.83
-
-
As on November 2024
The alpha for Navi ELSS Tax Saver Nifty 50 Index 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 Navi ELSS Tax Saver Nifty 50 Index Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Navi ELSS Tax Saver Nifty 50 Index Fund Direct Growth
0.96
-
-
As on November 2024
The Beta for Navi ELSS Tax Saver Nifty 50 Index 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 Navi ELSS Tax Saver Nifty 50 Index Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Navi ELSS Tax Saver Nifty 50 Index Fund Direct Growth
1.05
-
-
As on November 2024
The sharpe ratio for Navi ELSS Tax Saver Nifty 50 Index 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 Navi ELSS Tax Saver Nifty 50 Index Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Navi ELSS Tax Saver Nifty 50 Index Fund Direct Growth
12.39
-
-
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 Navi ELSS Tax Saver Nifty 50 Index Fund Direct Growth is 0%