Nippon India Tax Saver (ELSS) Fund-Growth Plan-Growth Option
(Erstwhile Reliance Tax Saver (ELSS) Fund-Growth Plan-Growth Option)
| Category: Equity: ELSS |
| Launch Date: 05-09-2005 |
| Asset Class: Equity |
| Benchmark: S&P BSE 100 TRI |
| Expense Ratio: 2.08% As on (31-10-2019) |
| Status: Open Ended Schemes |
| Minimum Investment: 500.0 |
| Minimum Topup: 500.0 |
| Total Assets: 10,673.58 Cr As on (31-10-2019) |
| Turn over: 85% | Exit Load: 0.00% - 0 day |
52.4244
-0.95 (-1.807%)
12.36%
S&P BSE 100 TRI 9.32%
PERFORMANCE
Fund Multiplier
Time it would have taken to make your money double (2x), quadruple (4x) and quintuple (5x)
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 | 0.16 |
| Alpha | 4.62 |
| Beta | 1.08 |
| 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 | 0.32 | -10.08 | 3.13 | 2.02 | 11.59 |
| DSP Tax Saver Fund - Regular Plan - Growth | 05-01-2007 | 16.2 | 5.08 | 11.85 | 10.16 | 12.99 |
| BOI AXA Tax Advantage Fund-Regular Plan- Growth | 25-02-2009 | 16.06 | 0.53 | 13.04 | 8.01 | 9.23 |
| BNP Paribas Long Term Equity Fund - Growth Option | 05-01-2006 | 15.95 | 3.5 | 12.38 | 7.85 | 12.36 |
| Tata India Tax Savings Fund-Growth-Regular Plan | 13-10-2014 | 15.89 | 4.11 | 13.95 | 11.37 | - |
| Mirae Asset Tax Saver Fund-Regular Plan-Growth | 28-12-2015 | 15.61 | 7.73 | 17.18 | - | - |
| Axis Long Term Equity Fund - Growth | 29-12-2009 | 15.41 | 9.96 | 15.86 | 10.84 | - |
| JM Tax Gain Fund - Growth option | 31-03-2008 | 15.16 | 6.02 | 14.29 | 9.18 | 9.43 |
| LIC MF Tax Plan-Regular Plan-Growth | 31-03-1997 | 14.47 | 7.49 | 13.76 | 8.14 | 10.13 |
| Motilal Oswal Long Term Equity Fund (MOFLTE) - Regular Plan - Growth Option | 21-01-2015 | 13.81 | 3.93 | 13.12 | - | - |
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
PORTFOLIO
Market Cap Distribution
Small Cap
14.25%
Others
4.48%
Large Cap
61.05%
Mid Cap
20.22%
Scheme Documents
Monthly portfolio for the month end 31st October 2019
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
