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Nippon India Tax Saver (ELSS) Fund

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Equity: ELSS

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1 Lakh

Investment declined to
₹ 0.72 Lakh

₹ 10000

Monthly SIP Declined to
₹ 3.20 Lakh

Suitability:

When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.

But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.

Like for all equity funds, you must invest only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
cal
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -16.10 0.73 0.54 6.31 5.97 21.29 -9.94 -10.49 0.61 11.27 7.22
S&P BSE 500 TRI 0.05 1.01 0.21 6.47 8.41 29.21 4.21 3.73 8.70 12.35 8.19
Equity: ELSS -0.69 1.04 0.48 5.86 8.33 25.33 2.83 1.87 7.31 13.13 8.90
Rank within category 38 29 17 14 34 31 38 34 30 23 24
Number of funds in category 38 38 38 38 38 38 38 34 30 29 27

As on 27-Oct-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Nippon India Tax Saver (ELSS) Fund  | Invest Online
1 star
 Sep-05 -9.94 -10.49 0.61 2.06 8,783
Axis Long Term Equity Fund
4 star
 Dec-09 2.15 7.40 9.50 1.72 21,836
Aditya Birla Sun Life Tax Relief 96  | Invest Online
4 star
 Mar-96 4.09 2.22 8.28 1.89 11,123
DSP Tax Saver Fund  | Invest Online
4 star
 Jan-07 0.44 2.78 9.22 1.86 6,178
Mirae Asset Tax Saver Fund - Regular Plan  | Invest Online
5 star
 Dec-15 10.53 7.26 -- 1.77 4,270

Best & Worst Performance

Best (Period) Worst (Period)
Week 17.69 (13-May-2009 - 20-May-2009) -21.43 (15-Jan-2008 - 22-Jan-2008)
Month 30.64 (11-May-2009 - 10-Jun-2009) -38.57 (20-Feb-2020 - 23-Mar-2020)
Quarter 72.48 (09-Mar-2009 - 10-Jun-2009) -39.08 (23-Dec-2019 - 23-Mar-2020)
Year 115.40 (09-Mar-2009 - 11-Mar-2010) -53.63 (12-Dec-2007 - 11-Dec-2008)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -6.61 25.42 -0.46 -0.58 1.11 -13.39
S&P BSE 500 TRI 6.61 21.81 0.07 0.08 -- --
Equity: ELSS 4.36 21.40 -0.03 -0.03 0.95 -2.17
Rank within category 34 34 34 34 33 34
Number of funds in category 34 34 34 34 34 34

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Sep-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 66
Top 10 Stocks (%) 52.95
Top 5 Stocks (%) 38.11
Top 3 Sectors (%) 58.35
Portfolio P/B Ratio 2.16
Portfolio P/E Ratio 18.48

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,19,972 93,415
Giant (%) 64.96 50.27
Large (%) 10.31 15.96
Mid (%) 13.44 25.18
Small (%) 11.29 8.58
Tiny (%) -- 0.14

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
down Reliance Industries Energy 32.38 10.08 0.00 9.92
equal HDFC Bank Financial 22.96 9.15 0.00 8.90
equal Infosys Technology 26.05 7.85 0.00 7.81
up ICICI Bank Financial 27.79 7.15 2.01 6.27
equal HDFC Financial 16.68 5.34 0.00 5.21
equal Bharti Airtel Communication -- 5.04 0.00 3.58
equal Larsen & Toubro Construction 16.46 7.65 0.00 3.28
equal HPCL Energy 6.59 3.70 0.00 2.67
equal Sun Pharmaceutical Inds. Healthcare 156.45 2.70 0.00 2.67
equal State Bank of India Financial 8.04 10.74 1.92 2.64
equal Linde India Chemicals 9.76 2.54 0.98 2.54
down Ashok Leyland Automobile -- 4.11 0.00 2.54
equal BPCL Energy 21.79 4.17 0.00 2.21
equal HCL Technologies Technology 18.87 2.03 0.00 2.03
equal NTPC Energy 15.36 3.72 0.00 1.94
up Hindustan Unilever FMCG 72.95 2.10 0.00 1.93
equal Nestle India FMCG 80.19 1.88 0.00 1.77
equal Axis Bank Financial 92.00 2.59 0.00 1.76
equal ITC FMCG 14.23 4.73 0.00 1.74
up Maruti Suzuki India Automobile 53.62 1.57 0.00 1.57
down Kotak Mahindra Bank Financial 34.72 1.88 0.00 1.30
equal Cholamandalam Financial Holdings Financial 10.27 1.37 0.00 1.27
down Honeywell Automation Engineering 54.10 5.13 0.96 1.08
down Schneider Electric Infrastruct Engineering -- 1.23 0.42 1.07
equal Vesuvius India Construction 26.67 1.81 1.00 1.07

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 30-Sep-2020

Fund Manager

— Sanjay Parekh since 01-Jul-2020

Education: Mr. Parekh is a B.Com (H) and Chartered Accountant.

Experience: Prior to joining Reliance Mutual Fund he has worked with ICICI Prudential MF, Ask Investments Managers, Prabhudas Lilladher, Sunidhi Consultancy Services, Insight Asset Management and Capital Market Magazine.

Funds Managed:

— Ashutosh Bhargava since 01-Jul-2020

Education: Mr. Bhargava is B.Com & MBA (Finance)

Experience: He had worked with Reliance AMC as deputy investment strategist, investment strategist & Fund Manager. He had also worked with Reliance Capital Ltd and JP Morgan India Service Pvt. Ltd as Economist.

Funds Managed:

Invest Online
0.73%

Change from previous, NAV as on 27-Oct-2020

Growth: ₹ 46.6356

Dividend Yearly: ₹ 9.1129

Dividend: ₹ 15.4735

Investment Strategy

The scheme aims to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related instruments.

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 100
Minimum Balance (₹) 1
Exit Load 0

Basic Details

Fund House: Nippon India Mutual Fund
Launch Date: 21-Sep-2005
Return Since Launch: 10.73%
Benchmark: S&P BSE 100 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 8,783 Cr (As on 30-Sep-2020)
Expense: 2.06% (As on 30-Sep-2020)
Risk Grade: High
Return Grade: Low
Turnover: 111.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend10-Jan-20200.1771

 13-Nov-20190.1771
 26-Sep-20180.3542
 26-Jun-20180.5312
 14-Mar-20180.6000
 28-Dec-20170.6000
 29-Sep-20170.6000
 30-Jun-20170.6000
 23-Mar-20170.6000
 23-Dec-20160.4500
 15-Sep-20160.4500
 15-Jun-20160.4500
 11-Mar-20160.4500
 28-Dec-20150.4500
 21-Sep-20150.4500
 29-Jun-20150.4500
 13-Mar-20150.3500
 26-Dec-20141.0000
 22-Sep-20140.4500
 27-Jun-20140.3600
 07-Mar-20140.3000
 26-Dec-20130.3000
 20-Sep-20130.2500
 28-Jun-20130.2500
 15-Mar-20130.7000
Dividend Yearly29-Mar-20190.7969

Contact Information

AMC: Nippon India Life Asset Management Ltd.

Address: Reliance Centre, 7th Floor, South Wing Off Western Express Highway Santacruz (East) Mumbai - 400055

Phone: 022-68334800 / 18602660111

Fax: 022-33037662

Email: [email protected]

Website: http://www.nipponindiamf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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