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
-0.45 (-0.5361%)
13.09%
NIFTY 50 TRI 16.62%
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 | 0.52 |
| 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
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
