NJ ELSS Tax Saver Scheme Direct Growth
EquityELSS (Tax Savings)Very High Risk
Direct
NAV (05-Sep-24)
Returns (Since Inception)
Fund Overview
Fund Size
₹237 Cr
Expense Ratio
0.49%
ISIN
INF0J8L01115
Minimum SIP
₹500
Exit Load
No Charges
Inception Date
19 Jun 2023
About this fund
As of 05-Sep-24, it has a Net Asset Value (NAV) of ₹16.44, Assets Under Management (AUM) of 236.54 Crores, and an expense ratio of 0.49%.
- NJ ELSS Tax Saver Scheme Direct Growth has given a CAGR return of 50.28% since inception.
- The fund's asset allocation comprises around 99.42% in equities, 0.00% in debts, and 0.58% in cash & cash equivalents.
- You can start investing in NJ ELSS Tax Saver Scheme 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
+47.58%
+39.82% (Cat Avg.)
Since Inception
+50.28%
— (Cat Avg.)
Portfolio Summaryas of 31st July 2024
| Equity | ₹235.16 Cr | 99.42% |
| Others | ₹1.38 Cr | 0.58% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Hindustan Aeronautics Ltd Ordinary Shares | Equity | ₹16.73 Cr | 7.07% |
| Bharat Electronics Ltd | Equity | ₹14.97 Cr | 6.33% |
| Nippon Life India Asset Management Ltd Ordinary Shares | Equity | ₹12.89 Cr | 5.45% |
| Bajaj Auto Ltd | Equity | ₹12.5 Cr | 5.29% |
| Mahanagar Gas Ltd | Equity | ₹11.91 Cr | 5.03% |
| Power Grid Corp Of India Ltd | Equity | ₹11.42 Cr | 4.83% |
| Colgate-Palmolive (India) Ltd | Equity | ₹11.15 Cr | 4.71% |
| HDFC Asset Management Co Ltd | Equity | ₹10.18 Cr | 4.30% |
| Sonata Software Ltd | Equity | ₹9.13 Cr | 3.86% |
| HCL Technologies Ltd | Equity | ₹8.72 Cr | 3.69% |
| Bayer CropScience Ltd | Equity | ₹8.53 Cr | 3.61% |
| Infosys Ltd | Equity | ₹8.53 Cr | 3.60% |
| Britannia Industries Ltd | Equity | ₹8.35 Cr | 3.53% |
| ICICI Securities Ltd | Equity | ₹8.15 Cr | 3.45% |
| Tata Consultancy Services Ltd | Equity | ₹8.14 Cr | 3.44% |
| Coforge Ltd | Equity | ₹8.09 Cr | 3.42% |
| Abbott India Ltd | Equity | ₹8.02 Cr | 3.39% |
| Mphasis Ltd | Equity | ₹7.97 Cr | 3.37% |
| Marico Ltd | Equity | ₹7.86 Cr | 3.32% |
| L&T Technology Services Ltd | Equity | ₹7.47 Cr | 3.16% |
| CRISIL Ltd | Equity | ₹7.32 Cr | 3.09% |
| ITC Ltd | Equity | ₹7.3 Cr | 3.09% |
| LTIMindtree Ltd | Equity | ₹7.1 Cr | 3.00% |
| Asian Paints Ltd | Equity | ₹6.39 Cr | 2.70% |
| Tata Elxsi Ltd | Equity | ₹6.33 Cr | 2.68% |
| Clearing Corporation Of India Ltd | Cash - Repurchase Agreement | ₹1.2 Cr | 0.51% |
| Net Receivables / (Payables) | Cash | ₹0.18 Cr | 0.08% |
Allocation By Market Cap (Equity)
Large Cap Stocks
49.90%
Mid Cap Stocks
37.18%
Small Cap Stocks
12.34%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Technology | ₹71.48 Cr | 30.22% |
| Financial Services | ₹38.53 Cr | 16.29% |
| Consumer Defensive | ₹34.67 Cr | 14.66% |
| Industrials | ₹31.7 Cr | 13.40% |
| Utilities | ₹23.33 Cr | 9.86% |
| Basic Materials | ₹14.93 Cr | 6.31% |
| Consumer Cyclical | ₹12.5 Cr | 5.29% |
| Healthcare | ₹8.02 Cr | 3.39% |
Risk & Performance Ratios
Standard Deviation
This fund
--
Cat. avg.
12.72%
Lower the better
Sharpe Ratio
This fund
--
Cat. avg.
1.02
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.94
Higher the better
Fund Managers
Viral Shah
Since June 2023
Dhaval Patel
Since June 2023
Additional Scheme Detailsas of 31st July 2024
ISIN | INF0J8L01115 | Expense Ratio | 0.49% | Exit Load | No Charges | Fund Size | ₹237 Cr | Age | 19 Jun 2023 | 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
₹6,590 Cr
Address
Unit No. 101A, 1st Floor, Mumbai, 400051
Other Funds by NJ Mutual Fund
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y |
|---|---|---|---|---|
| NJ Flexi Cap Fund Direct Growth Very High Risk | 0.3% | 1.0% | ₹1635.30 Cr | - |
| NJ Overnight Fund Direct Growth Low Risk | 0.1% | 0.0% | ₹190.78 Cr | 6.7% |
| NJ Arbitrage Fund Direct Growth Low Risk | 0.3% | 0.0% | ₹342.75 Cr | 7.9% |
| NJ Balanced Advantage Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹4184.63 Cr | 34.4% |
| NJ ELSS Tax Saver Scheme Direct Growth Very High Risk | 0.5% | 0.0% | ₹236.54 Cr | 47.6% |
Risk Level
Your principal amount will be at Very High Risk
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What is the current NAV of NJ ELSS Tax Saver Scheme Direct Growth?
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Who manages the NJ ELSS Tax Saver Scheme Direct Growth?
- Viral Shah
- Dhaval Patel
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
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