VR Logo

Nippon India Tax Saver (ELSS) Fund


1 Lakh

Investment declined to
₹ 0.99 Lakh

₹ 10000

Monthly SIP Declined to
₹ 3.35 Lakh

Analyst's Choice?

Suitability:

When you invest for five years or above, you can expect gains that comfortably beat the inflation rate and are also higher than fixed income options. In addition, you get tax exemption on the invested amount under Section 80C of the Indian income tax laws. As per this section, total investments of upto 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 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 paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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 -5.41 -0.63 -1.81 -6.85 -3.97 13.62 3.33 -0.28 1.19 12.65 11.70
S&P BSE 500 TRI -1.47 -0.32 -1.24 -3.61 -0.75 10.95 9.48 9.38 7.75 12.61 10.63
Equity: ELSS 0.61 -0.30 -0.81 -2.02 1.30 13.24 12.36 8.44 7.46 13.86 11.81
Rank within category 38 38 38 38 37 17 34 34 30 20 14
Number of funds in category 38 38 38 38 38 37 36 34 30 28 27

As on 25-Feb-2020

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) -34.31 (12-May-2006 - 13-Jun-2006)
Quarter 72.48 (09-Mar-2009 - 10-Jun-2009) -35.57 (04-Jan-2008 - 04-Apr-2008)
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 4.25 17.49 -0.08 -0.13 1.26 -9.21
S&P BSE 500 TRI 11.88 12.82 0.48 0.72 -- --
Equity: ELSS 10.46 13.00 0.37 0.53 0.95 -1.09
Rank within category 34 34 33 33 34 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-Jan-2020

Asset Allocation (%)

ajax-loader
Please wait...

Concentration & Valuation

Number of Stocks 45
Top 10 Stocks (%) 54.40
Top 5 Stocks (%) 33.79
Top 3 Sectors (%) 56.81
Portfolio P/B Ratio 1.41
Portfolio P/E Ratio 15.01

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 43,005 90,653
Giant (%) 28.84 50.67
Large (%) 28.16 15.11
Mid (%) 30.37 25.96
Small (%) 12.63 8.61
Tiny (%) -- 0.26

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
down State Bank of India Financial 24.87 10.74 5.19 8.12
up Larsen & Toubro Construction 17.41 7.65 0.00 7.65
equal Tata Motors Automobile -- 6.93 0.00 6.76
down Tata Steel Metals 9.24 8.35 4.45 6.34
up ICICI Bank Financial 35.79 7.15 2.01 4.92
equal SAIL Metals 879.08 4.47 0.00 4.47
down TVS Motor Co. Automobile 29.80 9.07 3.74 4.29
up Ashok Leyland Automobile 24.17 4.11 0.00 4.11
down ABB Engineering 84.21 5.14 2.23 3.88
up Coal India Energy 5.91 4.22 0.00 3.86
down Honeywell Automation Engineering 64.33 4.86 2.70 3.71
up Power Finance Corp. Financial 3.56 3.27 0.00 3.27
equal Bank of Baroda Financial -- 3.63 1.53 3.07
equal NTPC Energy 5.57 3.17 0.00 3.07
up Siemens Engineering 42.59 3.89 1.31 2.97
up HPCL Energy 11.81 3.56 0.00 2.95
up BPCL Energy 12.36 2.99 0.00 2.72
equal Linde India Chemicals 8.49 2.12 0.81 2.12
up REC Financial 4.48 1.96 0.00 1.96
down Canara Bank Financial 22.55 2.81 1.18 1.69
equal Cochin Shipyard Services 7.74 2.14 0.00 1.57
equal Interglobe Aviation Services 43.51 1.58 0.00 1.52
up Indian Hotels Services 42.17 1.96 0.35 1.26
equal Vesuvius India Construction 26.94 2.01 1.00 1.10
equal GE T&D (I) Engineering -- 2.45 0.91 1.05

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 31-Jan-2020

Fund Manager

— Ashwani Kumar since 23-Aug-2005

Education: Mr. Kumar is a B.Sc and MBA in Finance.

Experience: Prior to joining Reliance Mutual Fund he has worked with Zurich Asset Management Co. Ltd.

Funds Managed:


-0.63%

Change from previous, NAV as on 25-Feb-2020

Growth: ₹ 52.5824

Dividend Yearly: ₹ 10.2750

Dividend: ₹ 17.4463


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: 12.18%
Benchmark: S&P BSE 100 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 10,584 Cr (As on 31-Jan-2020)
Expense: 1.92% (As on 31-Jan-2020)
Risk Grade: High
Return Grade: Low
Turnover: 95.00%

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

Time to bet big on mid- and small-cap funds?

dateFriday, 28-Feb-2020
time12:30 PM - 01:00 PM