VR Logo

1 star

Nippon India Tax Saver (ELSS) Fund


Equity: ELSS

1 Lakh

Investment declined to
₹ 0.72 Lakh

₹ 10000

Monthly SIP Declined to
₹ 2.99 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.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -20.81 0.11 1.42 2.14 16.20 -21.29 -7.89 -10.49 -1.85 12.49 7.79
S&P BSE 500 TRI -5.80 0.31 1.88 4.35 22.98 -7.01 5.49 2.87 6.49 13.17 8.65
Equity: ELSS -6.19 0.31 1.92 4.26 19.92 -8.62 4.47 0.95 4.95 13.93 9.30
Rank within category 38 28 30 33 35 38 36 34 30 20 23
Number of funds in category 38 38 38 38 38 38 37 34 30 28 27

As on 07-Aug-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 -7.89 -10.49 -1.85 1.76 8,204
Axis Long Term Equity Fund  | Invest Online
5 star
Dec-09 4.89 5.75 7.20 1.73 21,051
Aditya Birla Sun Life Tax Relief 96  | Invest Online
4 star
Mar-96 8.55 2.78 6.23 1.92 10,101
DSP Tax Saver Fund  | Invest Online
4 star
Jan-07 3.79 1.94 6.87 1.90 6,083
Mirae Asset Tax Saver Fund - Regular Plan  | Invest Online
4 star
Dec-15 7.71 5.33 -- 1.80 3,538

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 -8.06 25.17 -0.53 -0.65 1.10 -12.76
S&P BSE 500 TRI 4.74 21.74 -0.02 -0.03 -- --
Equity: ELSS 2.76 21.29 -0.11 -0.12 0.95 -2.01
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 31-Jul-2020

Asset Allocation (%)

ajax-loader
Please wait...

Concentration & Valuation

Number of Stocks 54
Top 10 Stocks (%) 51.97
Top 5 Stocks (%) 34.82
Top 3 Sectors (%) 54.50
Portfolio P/B Ratio 1.90
Portfolio P/E Ratio 17.04

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 92,150 89,760
Giant (%) 60.32 52.59
Large (%) 10.94 15.43
Mid (%) 16.32 23.93
Small (%) 12.42 8.24
Tiny (%) -- 0.13

Value Research Fund Style

Sector Allocation vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
up HDFC Bank Financial 20.14 9.15 0.00 9.15
down Reliance Industries Energy 34.17 8.16 0.00 8.16
up Infosys Technology 23.78 6.63 0.00 6.63
up ICICI Bank Financial 22.79 7.15 2.01 5.84
up Bharti Airtel Communication -- 5.04 0.00 5.04
up HDFC Financial 14.05 4.32 0.00 4.32
up Larsen & Toubro Construction 15.34 7.65 0.00 3.68
down HPCL Energy 8.11 3.70 0.00 3.44
down Siemens Engineering 53.05 3.89 1.31 2.94
equal Hero Motocorp Automobile 14.85 2.85 0.00 2.77
down BPCL Energy 29.80 4.17 0.00 2.51
equal Ashok Leyland Automobile 43.55 4.11 0.00 2.32
down Linde India Chemicals 7.90 2.15 0.95 2.15
equal State Bank of India Financial 7.88 10.74 1.92 1.96
down NTPC Energy 12.61 3.72 0.00 1.96
new Hindustan Unilever FMCG 75.78 1.95 0.00 1.95
equal ITC FMCG 16.68 4.73 0.00 1.92
down TVS Motor Co. Automobile 66.96 8.66 1.89 1.89
up Kotak Mahindra Bank Financial 31.19 1.88 0.00 1.88
new Sun Pharmaceutical Inds. Healthcare 174.77 2.49 0.00 1.84
down SAIL Metals 7.34 4.47 0.00 1.63
equal Axis Bank Financial 72.28 2.59 0.00 1.61
down Power Finance Corp. Financial 3.17 3.83 0.00 1.57
equal Vesuvius India Construction 21.90 2.01 1.00 1.20
new Nestle India FMCG 77.68 1.20 0.00 1.20

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-Jun-2020

Fund Manager

— 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:


0.11%

Change from previous, NAV as on 07-Aug-2020

Growth: ₹ 44.0178

Dividend Yearly: ₹ 8.6014

Dividend: ₹ 14.6049


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: 10.47%
Benchmark: S&P BSE 100 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 8,204 Cr (As on 30-Jun-2020)
Expense: 1.76% (As on 30-Jun-2020)
Risk Grade: High
Return Grade: Low
Turnover: 123.00%

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

Upcoming Video

Investors' Hangout

Attaining financial independence

dateFriday, 14-Aug-2020
time12:30 PM - 01:00 PM