Nippon India Tax Saver (ELSS) Fund-Growth Plan-Growth Option

(Erstwhile Reliance Tax Saver (ELSS) Fund-Growth Plan-Growth Option)
Fund House: Nippon India Mutual Fund
Category: Equity: ELSS
Launch Date: 05-09-2005
Asset Class: Equity
Benchmark: NIFTY 500 TRI
Expense Ratio: 1.73% As on (31-10-2022)
Status: Open Ended Schemes
Minimum Investment: 500.0
Minimum Topup: 500.0
Total Assets: 12,051.94 Cr As on (31-10-2022)
Turn over: 31% | Exit Load: Nil

83.248

13.09%

PERFORMANCE

Returns Type:
of  
Start :  
End : 
Period:  
This Scheme
-
vs
NIFTY 50 TRI
-
Gold
-
PPF
-
Returns Type:
of  
  Period:  

Start :  
Period:  

RETURNS ANALYSIS

Fund Multiplier

Time it would have taken to make your money double (2x), quadruple (4x) and quintuple (5x)

Time Taken To Multiply
2x
4x
5x
10x
FUND
2 Years 3 Months
8 Years 12 Months
9 Years 5 Months
There is no value for 10x
FD
11 years 10 Months
GOLD
8 years 9 Months
NIFTY
5 years 5 Months

 

Investment Objective

The scheme aims to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related instruments.

Current Asset Allocation (%)

Indicators

Volatility 16.63
Sharp Ratio 0.52
Alpha -4.3
Beta 1.05
Yield to Maturity -
Average Maturity -

PEER COMPARISON

Scheme Name Inception
Date
1 Year
Return(%)
2 Year
Return(%)
3 Year
Return(%)
5 Year
Return(%)
10 Year
Return(%)
Nippon India Tax Saver (ELSS) Fund-Growth Plan-Growth Option 05-09-2005 7.85 24.74 16.66 4.72 13.08
Quant Tax Plan - Growth Option - Regular Plan 01-04-2000 13.5 39.38 39.78 22.5 20.89
HDFC Taxsaver - Growth Plan 05-03-1996 12.54 25.79 18.14 9.03 13.26
SBI Long Term Equity Fund - Regular Plan- Growth 31-03-1993 8.73 21.67 20.11 10.95 13.81
Tata India Tax Savings Fund-Growth-Regular Plan 13-10-2014 8.73 20.66 17.09 11.19 -
Kotak Tax Saver-Scheme-Growth 01-11-2005 8.21 21.93 19.33 13.18 14.6
Parag Parikh Tax Saver Fund- Regular Growth 08-07-2019 7.31 22.56 23.92 - -
PGIM India ELSS Tax Saver Fund - Regular Plan - Growth Option 11-12-2015 7.22 23.02 20.5 12.52 -
Franklin India Taxshield-Growth 05-04-1999 7.18 22.43 18.34 11.23 14.69
IDFC Tax Advantage (ELSS) Fund - Regular Plan - Growth 26-12-2008 6.96 27.09 24.23 12.54 16.63

Scheme Characteristics

Minimum investment in equity & equity related instruments - 80% of total assets (in accordance with Equity Linked Saving Scheme, 2005 notified by Ministry of Finance).

Riskometer

riskometer

PORTFOLIO

Market Cap Distribution

Small Cap

10.06%

Others

3.29%

Large Cap

73.59%

Mid Cap

13.06%

Tax Benefits of investing in this fund

Long term capital gains (LTCG) tax @10% (plus surcharge, if applicable and cess) without indexation if units held for more than 12 months#

Short term capital gains (STCG) tax @ 15% (plus surcharge, if applicable and cess) if units are held for less than 12 months.

Investor does not pay any tax on dividends but a Dividend Distribution Tax (DDT) is deducted at source @11.648% (10% + 12% surcharge + 4% Health & education cess) **

# Capital gain accrued up to January 31st 2018 is exempt from LTCG tax in respect of units acquired before January 31, 2018 & redeemed on or after April 1, 2018. ** The DDT is to be paid by the mutual fund

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