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: S&P BSE 100 TRI |
| Expense Ratio: 2.02% As on (31-05-2020) |
| Status: Open Ended Schemes |
| Minimum Investment: 500.0 |
| Minimum Topup: 500.0 |
| Total Assets: 7,573.02 Cr As on (31-05-2020) |
| Turn over: 109% | Exit Load: Nil |
42.7407
-0.35 (-0.8301%)
10.31%
S&P BSE 100 TRI 6.32%
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 | -20.9 | -11.22 | -10.23 | -1.85 | 7.76 |
| BOI AXA Tax Advantage Fund-Regular Plan- Growth | 25-02-2009 | 6.73 | -0.55 | 4.43 | 6.66 | 9.15 |
| Shriram Long Term Equity Fund - Regular Growth | 18-01-2019 | 1.62 | - | - | - | - |
| Quant Tax Plan-Growth | 01-04-2000 | -0.14 | 2.02 | 2.46 | 9.9 | 6.73 |
| BNP Paribas Long Term Equity Fund - Growth Option | 05-01-2006 | -0.31 | 2.4 | 2.19 | 4.52 | 10.86 |
| Aditya Birla Sun Life Tax Relief 96 - Growth Option | 05-03-1996 | -0.5 | -1.86 | 2.74 | 6.88 | 10.16 |
| Canara Robeco Equity Taxsaver Fund - Regular Plan - Growth | 31-03-1993 | -1.16 | 3.81 | 5.66 | 6.78 | 9.99 |
| Union Long Term Equity Fund - Growth Option | 23-12-2011 | -1.24 | 0.81 | 2.28 | 2.76 | - |
| Mirae Asset Tax Saver Fund-Regular Plan-Growth | 01-12-2015 | -1.29 | 3.91 | 5.57 | - | - |
| Axis Long Term Equity Fund - Regular Plan - Growth | 29-12-2009 | -1.38 | 0.78 | 6.36 | 7.63 | 14.52 |
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
13.47%
Others
1.12%
Large Cap
63.35%
Mid Cap
22.06%
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
