NAV as on 31 Aug 202174.92770.71 (0.96%)

Fund Key Highlights
1. The Current Net Asset Value of the Nippon India Tax Saver (ELSS) Fund as of 31 Aug 2021 is Rs 74.9277 for Growth option of its Regular plan.
2. Its trailing returns over different time periods are: 55.37% (1yr), 8.72% (3yr), 7.39% (5yr) and 12.89% (since launch). Whereas, Category returns for the same time duration are: 51.62% (1yr), 13.94% (3yr) and 13.73% (5yr).

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  • Riskometer


    Investors understand that their principal will be at Very High risk.

  • Annualized return for the last 3 years

  • Suggested Investment Horizon

  • Average time taken to double the money since inception

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About Fund
1. Nippon India Tax Saver (ELSS) Fund is Open-ended ELSS Equity scheme which belongs to Nippon India Mutual Fund House.
2. The fund was launched on Sep 21, 2005.

Investment objective & Benchmark
1. The investment objective of the fund is that The scheme aims to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related instruments.
2. It is benchmarked against S&P BSE 100 Index.

Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 98.65% in equities, 0.0% in debts and 1.35% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 51.88% of the assets, the top 3 sectors constitute around 53.44% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 77.9% in giant & large cap companies, 15.58% in mid cap and 6.52% in small cap companies.

Tax Implications
1. Short-term Capital Gain Tax - STCG is not applicable on ELSS schemes since these have a lock-in period of 3 years.
2. Investment into ELSS schemes qualify for tax deduction under Section 80C of the Indian Income Tax Act.
3. Gains of more than Rs. 1 lakh after completion of 3 years will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.

Frequently Asked Questions (FAQs)
Q: Is it safe to invest in Nippon India Tax Saver (ELSS) Fund?
A: As per SEBI’s latest guidelines to calculate risk grades, investment in the Nippon India Tax Saver (ELSS) Fund comes under Very High risk category.

Q: What is the category of Nippon India Tax Saver (ELSS) Fund?
A: Nippon India Tax Saver (ELSS) Fund belongs to the Equity: ELSS category of funds.

Q: How Long should I Invest in Nippon India Tax Saver (ELSS) Fund?
A: The suggested investment horizon of investing into Nippon India Tax Saver (ELSS) Fund is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.

Q: Who manages the Nippon India Tax Saver (ELSS) Fund?
A: The Nippon India Tax Saver (ELSS) Fund is managed by Ashutosh Bhargava (Since Jul 01, 2020) and Rupesh Patel (Since Jul 01, 2021).

Data Sources: Mutual Funds, ETFs, and NPS data are sourced from Value Research

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