Equity
Direct
Elss (Tax Savings)
NAV as on 27-12-2024
₹ 14.24
▲0.3%
1D
Inception Returns
21.6%
/yr
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.
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%.
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
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 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
Expense ratio | 0.1% |
Benchmark | S&P BSE 200 India TR INR |
AUM | ₹73 Cr |
Inception Date | 21 March, 2023 |
Min Lumpsum/SIP | ₹500/₹500 |
Exit Load | 0% |
Lock In | 3 Years |
TurnOver | 12.79% |
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 (27-Dec-24)
as on (30-Nov-24)
Top 3 Sectors in November were Financial Services, Tech & Energy
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% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Navi ELSS Tax Saver Nifty 50 Index Fund Direct Growth | -3.83 | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Navi ELSS Tax Saver Nifty 50 Index Fund Direct Growth | 0.96 | - | - |
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 | - | - |
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 | - | - |