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: 1.71% As on (31-05-2022)
Status: Open Ended Schemes
Minimum Investment: 500.0
Minimum Topup: 500.0
Total Assets: 11,234.96 Cr As on (31-05-2022)
Turn over: 38% | Exit Load: Nil

70.547

12.34%

PERFORMANCE

Returns Type:
of  
Start :  
End : 
Period:  
This Scheme
-
vs
NIFTY 500 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 0.32
Alpha -5.92
Beta 1.1
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 3.74 28.99 7.56 3.91 12.69
Parag Parikh Tax Saver Fund- Regular Growth 08-07-2019 8.89 29.37 - - -
HDFC Taxsaver - Growth Plan 05-03-1996 8.44 27.25 9.6 7.58 12.39
Quant Tax Plan - Growth Option - Regular Plan 01-04-2000 4.63 48.84 28.5 18.95 18.69
PGIM India ELSS Tax Saver Fund - Regular Plan - Growth Option 11-12-2015 4.35 28.33 13.87 10.86 -
Sundaram Tax Savings Fund (Formerly Known as Principal Tax Savings Fund) Regular Growth 02-01-2013 3.07 26.57 12.48 9.57 15.54
ICICI Prudential Long Term Equity Fund (Tax Saving) - Growth 19-08-1999 3.03 26.01 11.46 10.97 14.62
Sundaram Diversified Equity (ELSS) Regular Plan - Growth 10-05-2005 2.82 25.43 9.68 6.95 12.44
Tata India Tax Savings Fund-Growth-Regular Plan 13-10-2014 2.55 24.54 10.49 10.04 -
Union Long Term Equity Fund - Growth Option 23-12-2011 2.08 26.67 14.96 11.21 12.83

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

9.8%

Others

3.81%

Large Cap

72.32%

Mid Cap

14.07%

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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