NJ ELSS Tax Saver Scheme Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 06-09-2024
₹ 16.31
1D
Inception Returns
49.2%
/yr
About the Fund
NJ ELSS Tax Saver Scheme Fund Direct Growth is an equity fund. This fund was started on 19 June, 2023. The fund is managed by . The fund could potentially beat inflation in the long-run.
Key Parameters
- NJ ELSS Tax Saver Scheme Fund Direct Growth has ₹237 Cr worth of assets under management (AUM) as on Jul 2024 and is less than category average.
- The fund has an expense ratio 0.5.
Returns
NJ ELSS Tax Saver Scheme Fund Direct Growth has given a CAGR return of 49.17% since inception. Over the last 1 year the fund has given a CAGR return of 45.89%.
Holdings
NJ ELSS Tax Saver Scheme Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Tech, Financial Services, Consumer Defensive, Industrial, Utilities, Basic Materials, Consumer Cyclical, Health. Its top holdings are Hindustan Aeronautics Ltd Ordinary Shares, Bharat Electronics Ltd, Nippon Life India Asset Management Ltd Ordinary Shares, Bajaj Auto Ltd, Mahanagar Gas 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 NJ ELSS Tax Saver Scheme Fund Direct Growth
The investment objective of the Scheme is to generate income and longterm capital appreciation from a diversified portfolio of predominantly equity and equity-related instruments.However, there is no assurance or guarantee that the investment objective of the scheme will 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 NJ ELSS Tax Saver Scheme Fund Direct Growth of 3 Years
Historical NAV & Returns
Fund Overview
| Expense ratio | 0.49% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹237 Cr |
| Inception Date | 19 June, 2023 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 41.79% |
| 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 (06-Sep-24)
Fund Distribution
as on (31-Jul-24)
- This fund’s returns stands at 7.11% whereas the fund’s underlying benchmark Nifty 500 returns stands at 3.53% as on Jul'24
- This fund outperformed Nifty 500 by 3.58% in Jul'24
- AUM of the fund stands at 217 Cr as of Jul'24
- AUM has remained same between Jul'24 and Jun'24
Top 3 Sectors in July were Tech, Financial Services & Industrial
Top Growth Drivers | 1M Return |
|---|---|
 Tata Elxsi Ltd | 15.4% |
 Bajaj Auto Ltd | 15.2% |
 Colgate-Palmolive (India) Ltd | 7.9% |
NJ ELSS Tax Saver Scheme Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹0 Cr
Expense Ratio 0.49%
Frequently Asked Questions
NJ ELSS Tax Saver Scheme Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 7.23% | 7.23% |
6 Month Returns | 18.88% | 18.88% |
1 Year Returns | 45.89% | 45.89% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
- 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.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
NJ ELSS Tax Saver Scheme Fund Direct Growth | 3.23 | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
NJ ELSS Tax Saver Scheme Fund Direct Growth | 1.1 | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
NJ ELSS Tax Saver Scheme Fund Direct Growth | 2.57 | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
NJ ELSS Tax Saver Scheme Fund Direct Growth | 13.66 | - | - |