Nippon India ELSS Tax Saver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 14-11-2024
₹ 133.97
▲0.4%
1D
Inception Returns
15.3%
/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, Ashutosh Bhargava. The fund could potentially beat inflation in the long-run.
Key Parameters
- Nippon India ELSS Tax Saver Fund Direct Growth has ₹15673 Cr worth of assets under management (AUM) as on Oct 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 15.27% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 32.43%, 15.86% and 18.85% 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, Utilities, Tech, Energy, Health, Basic Materials, Communication, 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
▲
▼
3682 people have invested ₹ 3.4Cr 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
18
/23
49% Performance
28% Risk Management
15% Cost
18 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 | ₹15673 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 24.84% |
| STCG | Redeeming 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 (14-Nov-24)
Fund Distribution
as on (31-Oct-24)
Large cap
69.4%
Small cap
16.2%
Mid cap
13.4%
Sector Allocation
Financial Services
36.9%
Consumer Cyclical
13.4%
Industrial
10.9%
Consumer Defensive
8.1%
Utilities
6.6%
Tech
6.1%
Energy
4.5%
Health
4.3%
Basic Materials
4.3%
Communication
4.2%
Real Estate
0.7%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -5.74% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
- This fund outperformed Nifty 500 by 0.78% in Oct'24
- AUM of the fund stands at 15.7K Cr as of Oct'24
- AUM decreased by 1K Cr between Oct'24 and Sep'24
Top Stocks bought last month
ICICI Bank Ltd's allocation increased from 7.47% to 8.08%
HDFC Bank Ltd's allocation increased from 6.12% to 6.53%
Radico Khaitan Ltd's allocation increased from 1.36% to 1.68%
Top Stocks sold last month
Infosys Ltd's allocation decreased from 4.6 % to 4.6 %
NTPC Ltd's allocation decreased from 3.98 % to 3.91 %
Samvardhana Motherson International Ltd's allocation decreased from 3.42 % to 3 %
Small Cap allocation has gone up from 16% to 16.2%
Mid Cap allocation has gone up from 13.4% to 13.4%
Large Cap allocation has gone up from 69% to 69.4%
Cash allocation has gone down from 1.6% to 0.5%
Top 3 Sectors in October were Financial Services, Consumer Cyclical & Industrial
Oct'24
Financial Services
37%
Consumer Cyclical
13%
Industrial
11%
Sep'24
Financial Services
35%
Consumer Cyclical
14%
Industrial
10%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 8.08% | 0% | |
 HDFC Bank Ltd | 6.53% | 0% | |
 Infosys Ltd | 4.6% | 0% | |
 NTPC Ltd | 3.91% | 0% | |
 Larsen & Toubro Ltd | 3.18% | 0% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 Radico Khaitan Ltd | 1.6% |
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Kinjal Desai
Fund Manager of Nippon India ELSS Tax Saver Fund Direct Growth, since 25 May 2018
Top funds managed
Ashutosh Bhargava
Fund Manager of Nippon India ELSS Tax Saver Fund Direct Growth, since 1 July 2020
Top funds managed
Fund House
Nippon Life India Asset Management Ltd
Total Schemes
Total AUM
₹4.29L Cr
as on 31-Oct-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 1 month, this fund has increased expense ratio by 2.0% moving from 1.01 to 1.03.
Over the last 1 month, this fund has experienced a 6.2% drop in AUM moving from 16.71K Cr to 15.67K Cr.
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 49.96% return, outperforming this fund by 17.52%.
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 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 32.31% return, outperforming this fund by 13.46% per annum.
In the last 3 years, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 22.97% return, outperforming this fund by 7.11% per annum.
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 15.27% since inception which is less than its category average return of 15.6%
Fund Allocations
This fund has an allocation of 99.52% in Equity, 0% in Debt and 0.48% in Cash related instruments
AUM size ₹15673 Cr
This fund has AUM of ₹15673 Cr which is more than its category average of ₹ 4102 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 ₹133.97 as on 14-Nov-2024.
Existing (Absolute + CAGR) as on 14-Nov-2024.
Nippon India ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -6.43% | -6.43% |
6 Month Returns | 8.43% | 8.43% |
1 Year Returns | 32.43% | 32.43% |
3 Years Returns | 55.53% | 15.86% |
5 Years Returns | 137.11% | 18.85% |
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1.03% as on October 2024
₹15673 Cr as on October 2024
ICICI Bank Ltd(8.08%), HDFC Bank Ltd(6.53%), Infosys Ltd(4.6%), NTPC Ltd(3.91%), Larsen & Toubro Ltd(3.18%) as on October 2024
Financial Services(36.7%), Consumer Cyclical(13.29%), Industrial(10.81%) as on October 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 | 3.7 | 2.46 | -0.84 |
As on October 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 | 0.97 | 0.98 | 1.04 |
As on October 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 | 2.15 | 0.88 | 0.72 |
As on October 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 | 13.16 | 13.63 | 20.3 |
As on October 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 1.58 as on October 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 1 as on October 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Kinjal Desai, Ashutosh Bhargava are the fund managers of Nippon India ELSS Tax Saver Fund Direct Growth
The Exit load of Nippon India ELSS Tax Saver Fund Direct Growth is 0%