Nippon India Tax Saver (ELSS) Fund Direct Growth
EquityELSS (Tax Savings)Very High Risk
Direct
NAV (05-Sep-24)
Returns (Since Inception)
Fund Overview
Fund Size
₹16,465 Cr
Expense Ratio
1.01%
ISIN
INF204K01L55
Minimum SIP
₹500
Exit Load
No Charges
Inception Date
01 Jan 2013
About this fund
As of 05-Sep-24, it has a Net Asset Value (NAV) of ₹143.85, Assets Under Management (AUM) of 16465.39 Crores, and an expense ratio of 1.01%.
- Nippon India Tax Saver (ELSS) Fund Direct Growth has given a CAGR return of 16.25% since inception.
- The fund's asset allocation comprises around 99.62% in equities, 0.00% in debts, and 0.38% in cash & cash equivalents.
- You can start investing in Nippon India Tax Saver (ELSS) Fund Direct Growth with a SIP of ₹500 or a Lumpsum investment of ₹500.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+43.22%
+39.82% (Cat Avg.)
3 Years
+21.13%
+18.95% (Cat Avg.)
5 Years
+23.68%
+23.15% (Cat Avg.)
10 Years
+13.07%
+15.31% (Cat Avg.)
Since Inception
+16.25%
— (Cat Avg.)
Portfolio Summaryas of 31st July 2024
| Equity | ₹16,402.88 Cr | 99.62% |
| Others | ₹62.48 Cr | 0.38% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| ICICI Bank Ltd | Equity | ₹1,190.6 Cr | 7.20% |
| HDFC Bank Ltd | Equity | ₹953.29 Cr | 5.76% |
| Infosys Ltd | Equity | ₹765.98 Cr | 4.63% |
| NTPC Ltd | Equity | ₹648.96 Cr | 3.92% |
| Samvardhana Motherson International Ltd | Equity | ₹589.71 Cr | 3.56% |
| Axis Bank Ltd | Equity | ₹565.56 Cr | 3.42% |
| State Bank of India | Equity | ₹549.61 Cr | 3.32% |
| Larsen & Toubro Ltd | Equity | ₹525.62 Cr | 3.18% |
| Reliance Industries Ltd | Equity | ₹481.74 Cr | 2.91% |
| Power Finance Corp Ltd | Equity | ₹445.44 Cr | 2.69% |
| TVS Holdings Ltd | Equity | ₹413.09 Cr | 2.50% |
| Bharti Airtel Ltd (Partly Paid Rs.1.25) | Equity | ₹357.98 Cr | 2.16% |
| Coal India Ltd | Equity | ₹326.38 Cr | 1.97% |
| Tata Motors Ltd | Equity | ₹323.86 Cr | 1.96% |
| REC Ltd | Equity | ₹322.13 Cr | 1.95% |
| Indian Hotels Co Ltd | Equity | ₹304.97 Cr | 1.84% |
| KSB Ltd | Equity | ₹301.79 Cr | 1.82% |
| ICICI Lombard General Insurance Co Ltd | Equity | ₹301.17 Cr | 1.82% |
| Avenue Supermarts Ltd | Equity | ₹285.73 Cr | 1.73% |
| ITC Ltd | Equity | ₹275.98 Cr | 1.67% |
| Tata Consultancy Services Ltd | Equity | ₹263.12 Cr | 1.59% |
| UltraTech Cement Ltd | Equity | ₹255.57 Cr | 1.54% |
| Jindal Steel & Power Ltd | Equity | ₹247.06 Cr | 1.49% |
| Tata Power Co Ltd | Equity | ₹240.41 Cr | 1.45% |
| United Spirits Ltd | Equity | ₹240.26 Cr | 1.45% |
| Zomato Ltd | Equity | ₹238.63 Cr | 1.44% |
| Gland Pharma Ltd | Equity | ₹235.58 Cr | 1.42% |
| Max Financial Services Ltd | Equity | ₹233.52 Cr | 1.41% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹232.11 Cr | 1.40% |
| Crompton Greaves Consumer Electricals Ltd | Equity | ₹225.7 Cr | 1.36% |
| Cholamandalam Financial Holdings Ltd | Equity | ₹224.73 Cr | 1.36% |
| InterGlobe Aviation Ltd | Equity | ₹223.61 Cr | 1.35% |
| Linde India Ltd | Equity | ₹223.21 Cr | 1.35% |
| NLC India Ltd | Equity | ₹214.29 Cr | 1.30% |
| SBI Life Insurance Company Limited | Equity | ₹192.9 Cr | 1.17% |
| Radico Khaitan Ltd | Equity | ₹191.31 Cr | 1.16% |
| 3M India Ltd | Equity | ₹190.93 Cr | 1.15% |
| Macrotech Developers Ltd | Equity | ₹189.78 Cr | 1.15% |
| Ambuja Cements Ltd | Equity | ₹183.59 Cr | 1.11% |
| United Breweries Ltd | Equity | ₹161.2 Cr | 0.97% |
| Tata Consumer Products Ltd | Equity | ₹160.51 Cr | 0.97% |
| PVR INOX Ltd | Equity | ₹150.03 Cr | 0.91% |
| Timken India Ltd | Equity | ₹148 Cr | 0.89% |
| UTI Asset Management Co Ltd | Equity | ₹135.17 Cr | 0.82% |
| Piramal Enterprises Ltd | Equity | ₹134.35 Cr | 0.81% |
| Jio Financial Services Ltd | Equity | ₹131.4 Cr | 0.79% |
| Indus Towers Ltd Ordinary Shares | Equity | ₹129.95 Cr | 0.79% |
| Union Bank of India | Equity | ₹120.38 Cr | 0.73% |
| HealthCare Global Enterprises Ltd | Equity | ₹120.07 Cr | 0.73% |
| Automotive Axles Ltd | Equity | ₹118.72 Cr | 0.72% |
| BSE Ltd | Equity | ₹115.04 Cr | 0.70% |
| Wheels India Ltd | Equity | ₹113.22 Cr | 0.68% |
| Angel One Ltd Ordinary Shares | Equity | ₹107.47 Cr | 0.65% |
| Carborundum Universal Ltd | Equity | ₹103.13 Cr | 0.62% |
| Astral Ltd | Equity | ₹87.55 Cr | 0.53% |
| KNR Constructions Ltd | Equity | ₹85.03 Cr | 0.51% |
| Tatva Chintan Pharma Chem Ltd | Equity | ₹77.29 Cr | 0.47% |
| Sundaram Clayton Ltd | Equity | ₹56.83 Cr | 0.34% |
| Triparty Repo | Cash - Repurchase Agreement | ₹51.86 Cr | 0.31% |
| Voltas Ltd | Equity | ₹51.12 Cr | 0.31% |
| Net Current Assets | Cash | ₹10.63 Cr | 0.06% |
| Tata Consumer Prod | Equity | ₹1.93 Cr | 0.01% |
| Cash Margin - Ccil | Cash - Collateral | ₹0.3 Cr | 0.00% |
| Sundaram - Clayton Limited | Preferred Stock | ₹0.03 Cr | 0.00% |
Allocation By Market Cap (Equity)
Large Cap Stocks
67.92%
Mid Cap Stocks
15.05%
Small Cap Stocks
16.64%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹5,722.77 Cr | 34.58% |
| Consumer Cyclical | ₹2,327.91 Cr | 14.07% |
| Industrials | ₹1,773.61 Cr | 10.72% |
| Consumer Defensive | ₹1,314.99 Cr | 7.95% |
| Utilities | ₹1,103.65 Cr | 6.67% |
| Technology | ₹1,029.1 Cr | 6.22% |
| Basic Materials | ₹986.73 Cr | 5.96% |
| Energy | ₹808.11 Cr | 4.88% |
| Communication Services | ₹637.95 Cr | 3.86% |
| Healthcare | ₹587.76 Cr | 3.55% |
| Real Estate | ₹189.78 Cr | 1.15% |
Risk & Performance Ratios
Standard Deviation
This fund
12.94%
Cat. avg.
12.72%
Lower the better
Sharpe Ratio
This fund
1.14
Cat. avg.
1.02
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.94
Higher the better
Fund Managers
Additional Scheme Detailsas of 31st July 2024
ISIN | INF204K01L55 | Expense Ratio | 1.01% | Exit Load | No Charges | Fund Size | ₹16,465 Cr | Age | 01 Jan 2013 | Lumpsum Minimum | ₹500 | Fund Status | Open Ended Investment Company | Benchmark | Nifty 500 TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
- If units are sold after 1 year from the date of investment: Gains up to INR 1.25 lakh in a financial year are exempt from tax. Any gains exceeding INR 1.25 lakh are taxed at a rate of 12.5%.
- If units are sold within 1 year from the date of investment: The entire amount of gain is taxed at a rate of 20%.
- Holding the units: No tax is applicable as long as you continue to hold the units.
Dividend Taxation:
Dividends are added to the investor’s income and taxed according to their respective tax slabs. Additionally, if an investors dividend income exceeds INR 5,000 in a financial year, the fund house deducts a 10% Tax Deducted at Source (TDS) before distributing the dividend.
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar ELSS (Tax Savings) Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Tata India Tax Savings Fund Direct Growth Very High Risk | 0.7% | 0.0% | ₹4722.04 Cr | 37.4% |
| Tata India Tax Savings Fund Regular Growth Very High Risk | 1.8% | 0.0% | ₹4722.04 Cr | 35.8% |
| Axis Long Term Equity Fund Regular Growth Very High Risk | 1.5% | 0.0% | ₹38278.40 Cr | 35.7% |
| Parag Parikh Tax Saver Fund Direct Growth Very High Risk | 0.6% | 0.0% | ₹4016.58 Cr | 36.0% |
| Parag Parikh Tax Saver Fund Regular Growth Very High Risk | 1.7% | 0.0% | ₹4016.58 Cr | 34.5% |
| Shriram Long Term Equity Fund Direct Growth Very High Risk | 0.8% | 0.0% | ₹56.80 Cr | 39.5% |
| Shriram Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹56.80 Cr | 37.3% |
| ITI Long Term Equity Fund Direct Growth Very High Risk | 0.5% | 0.0% | ₹385.94 Cr | 55.9% |
| ITI Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹385.94 Cr | 53.1% |
| Sundaram Diversified Equity Regular Growth Very High Risk | 2.2% | 0.0% | ₹1677.93 Cr | 25.8% |
About the AMC
Total AUM
₹5,54,956 Cr
Address
4th Floor, Tower A, Peninsula Business Park, Mumbai, 400 013
Other Funds by Nippon India Mutual Fund
Risk Level
Your principal amount will be at Very High Risk
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Who manages the Nippon India Tax Saver (ELSS) Fund Direct Growth?
- Rupesh Patel
- Ritesh Rathod
- Kinjal Desai
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