Nippon India ELSS Tax Saver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 20-12-2024
₹ 135
1D
Inception Returns
15.4%
/yr
About Nippon India ELSS Tax Saver Fund Direct Growth
Nippon India ELSS Tax Saver Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Kinjal Desai. The fund could potentially beat inflation in the long-run.
Key Parameters
- Nippon India ELSS Tax Saver Fund Direct Growth has ₹15666 Cr worth of assets under management (AUM) as on Nov 2024 and is more than category average.
- The fund has an expense ratio 1.
Returns
Nippon India ELSS Tax Saver Fund Direct Growth has given a CAGR return of 15.38% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 22.38%, 19.75% and 19.02% respectively.
Holdings
Nippon India ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Consumer Defensive, Tech, Utilities, Health, Energy, Communication, Basic Materials, Real Estate. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, Infosys Ltd, NTPC Ltd, Larsen & Toubro 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 benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of Nippon India ELSS Tax Saver Fund Direct Growth
The primary objective of the scheme is to generate long term capital appreciation from a portfolio that is invested predominantly in equity and equity related instruments.However, there can be no assurance that the scheme's investment objective shall 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 Nippon India ELSS Tax Saver Fund Direct Growth of 3 Years
Historical NAV & Returns
Annualised
▲
▼
3565 people have invested ₹ 2.8Cr in Nippon India ELSS Tax Saver Fund Direct Growth in the last three months
INDmoney Rank for Nippon India ELSS Tax Saver Fund Direct Growth
Powered by IND quant engine
17
/23
53% Performance
31% Risk Management
54% Cost
17 out of 23 among elss (tax savings)
Beats FD returns for both 3Y & 5Y
Highly volatile within category
Poor track record of protecting capital in bear phase
Poor track record of Recovering losses quickly
Nippon India ELSS Tax Saver Fund Direct Growth Overview
| Expense ratio | 1.03% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹15666 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 24.84% |
| 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 |
Trailing Returns
as on (20-Dec-24)
Fund Distribution
as on (30-Nov-24)
Large cap
68.5%
Small cap
16.8%
Mid cap
13.2%
Sector Allocation
Financial Services
36.8%
Consumer Cyclical
13.4%
Industrial
11.6%
Consumer Defensive
8%
Tech
6.4%
Utilities
6.1%
Health
4.5%
Energy
4.3%
Communication
4.2%
Basic Materials
4.1%
Real Estate
0.5%
All changes are between Sep'24 and Nov'24
- This fund’s returns stands at 0.24% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.60% as on Nov'24
- This fund outperformed Nifty 500 by 0.84% in Nov'24
- AUM of the fund stands at 15.7K Cr as of Nov'24
- AUM decreased by 7.7 Cr between Nov'24 and Oct'24
Top Stocks bought last month
Zomato Ltd's allocation increased from 1.54% to 1.79%
Power Finance Corp Ltd's allocation increased from 2.64% to 2.88%
REC Ltd's allocation increased from 1.88% to 2.11%
Top Stocks sold last month
NTPC Ltd's allocation decreased from 3.91 % to 3.37 %
Axis Bank Ltd's allocation decreased from 2.96 % to 2.9 %
Samvardhana Motherson International Ltd's allocation decreased from 3 % to 2.7 %
Mid Cap allocation has gone down from 13.4% to 13.2%
Large Cap allocation has gone down from 69.4% to 68.5%
Small Cap allocation has gone up from 16.2% to 16.8%
Cash allocation has gone up from 0.5% to 0.7%
Top 3 Sectors in November were Financial Services, Consumer Cyclical & Industrial
Nov'24
Financial Services
37%
Consumer Cyclical
13%
Industrial
12%
Oct'24
Financial Services
37%
Consumer Cyclical
13%
Industrial
11%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 8.13% | 0% | |
 HDFC Bank Ltd | 6.76% | 0% | |
 Infosys Ltd | 4.74% | -2.4% | |
 NTPC Ltd | 3.37% | -3.3% | |
 Larsen & Toubro Ltd | 3.28% | 0% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 Indian Hotels Co Ltd | 16.9% |
 Infosys Ltd | 8.5% |
 HDFC Bank Ltd | 3.9% |
Loading...
We are taking more time than usual
Kinjal Desai
Fund Manager of Nippon India ELSS Tax Saver Fund Direct Growth, since 25 May 2018
Top funds managed
Fund House
Nippon Life India Asset Management Ltd
Total Schemes
Total AUM
₹4.26L Cr
as on 29-Nov-2024
Address
Nippon Life India Asset Management Limited,4th Floor, Tower A, Peninsula Business Park,,Ganapatrao Kadam Marg,,Lower Parel (W)
Phone
022-68087000/18602660111
Website
customercare@nipponindiaim.in
Mutual Fund Insights
Over the last 3 months, this fund has experienced a 4.9% drop in AUM moving from 16.46K Cr to 15.66K Cr.
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 52.84% return, outperforming this fund by 30.46%.
This fund expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 1.03% which is lower than the category average expense ratio of 1.28%.
In the last 3 years, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 30.44% return, outperforming this fund by 10.68% per annum.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 32.67% return, outperforming this fund by 13.65% per annum.
Over the last 1 month, this fund has increased expense ratio by 2.0% moving from 1.01 to 1.03.
Nippon India ELSS Tax Saver Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 15.38% since inception which is less than its category average return of 15.88%
Fund Allocations
This fund has an allocation of 99.35% in Equity, 0% in Debt and 0.65% in Cash related instruments
AUM size ₹15666 Cr
This fund has AUM of ₹15666 Cr which is more than its category average of ₹ 3992 Cr
Expense Ratio 1.03%
This fund has an expense ratio of 1.03% which is less than its category average expense ratio of 1.47%
Frequently Asked Questions for Nippon India ELSS Tax Saver Fund Direct Growth
The current NAV of Nippon India ELSS Tax Saver Fund Direct Growth is ₹135 as on 20-Dec-2024.
Existing (Absolute + CAGR) as on 20-Dec-2024.
Nippon India ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.35% | 2.35% |
6 Month Returns | 2.36% | 2.36% |
1 Year Returns | 22.38% | 22.38% |
3 Years Returns | 71.73% | 19.75% |
5 Years Returns | 138.82% | 19.02% |
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.
1.03% as on November 2024
₹15666 Cr as on November 2024
ICICI Bank Ltd(8.13%), HDFC Bank Ltd(6.76%), Infosys Ltd(4.74%), NTPC Ltd(3.37%), Larsen & Toubro Ltd(3.28%) as on November 2024
Financial Services(36.59%), Consumer Cyclical(13.32%), Industrial(11.55%) as on November 2024
The alpha ratio for the Nippon India ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Nippon India ELSS Tax Saver Fund Direct Growth | 3.73 | 2.98 | -0.61 |
As on November 2024
The alpha for Nippon India ELSS Tax Saver 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 Nippon India ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Nippon India ELSS Tax Saver Fund Direct Growth | 0.99 | 0.97 | 1.04 |
As on November 2024
The Beta for Nippon India ELSS Tax Saver 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 Nippon India ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Nippon India ELSS Tax Saver Fund Direct Growth | 1.72 | 1 | 0.72 |
As on November 2024
The sharpe ratio for Nippon India ELSS Tax Saver 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 Nippon India ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Nippon India ELSS Tax Saver Fund Direct Growth | 12.7 | 13.28 | 20.31 |
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.
Sortino ratio is 1.84 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 1.24 as on November 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Kinjal Desai is the fund manager of Nippon India ELSS Tax Saver Fund Direct Growth
The Exit load of Nippon India ELSS Tax Saver Fund Direct Growth is 0%