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Nippon India ELSS Tax Saver Fund

An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit

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This product is suitable for investors who are seeking*:

  • Long term capital growth.
  • Investment in equity and equity related securities.

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them

Fund Riskometer

Nippon India ELSS Tax Saver Fund

Benchmark Riskometer

Nifty 500 TRI

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  • Investment Objective:
    The primary objective of the scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related instruments. However, there can be no assurance that the scheme’s investment objective shall be achieved.

Fund PerformanceGrowth Plan - Growth Option

  • Latest NAV (08 Nov 2024)125.6350


NAV as on October 31, 2024: `126.2267

Performance of Nippon India ELSS Tax Saver Fund as on 31/10/2024
Particulars1 Year CAGR %3 Year CAGR %5 Year CAGR %Since Inception%
Nippon India ELSS Tax Saver Fund39.2817.4718.2614.18
B:Nifty 500 TRI36.2215.7119.7514.14
AB:BSE Sensex TRI25.7811.5915.9913.91
Value of `10000 Invested
Nippon India ELSS Tax Saver Fund13,94016,23323,153126,227
B:Nifty 500 TRI13,63315,51124,645125,482
AB:BSE Sensex TRI12,58613,90721,009120,751
Inception Date: Sep 21, 2005
B - Benchmark    |   AB - Additional Benchmark |   TRI - Total Return Index
Fund Manager: Rupesh Patel (Since Jul 2021), Ritesh Rathod (Co - Fund Manager) (Since Aug 2024)
As TRI data is not available since Since Inception of the scheme, benchmark performance is calculated using composite CAGR of S&P BSE 200 PRI values from date 21-Sep-2005 to date 01-Aug-2006 and TRI values since date 01-Aug-2006.

PERFORMANCE OF OTHER OPEN ENDED SCHEMES MANAGED BY FUND MANAGER: Rupesh Patel

Scheme Name/sCAGR %
1 Year Return 3 Years Return5 Years Return
Scheme Benchmark Scheme Benchmark Scheme Benchmark
Nippon India Growth Fund48.7444.0125.0023.2129.4928.45

Note:

a. Rupesh Patel manages 2 open-ended schemes of Nippon India Mutual Fund.

b. In case the number of schemes managed by a fund manager is more than six, performance data of other schemes, the top 3 and bottom 3 schemes managed by fund manager has been provided herein.

c. Period for which scheme’s performance has been provided is computed basis last day of the month-end preceding the date of advertisement.

d. Different plans shall have a different expense structure. The performance details provided herein are of Growth Plan (Regular Plan).

Mr. Rupesh Patel has been managing Nippon India Growth Fund Since Jan 2023,Nippon India ELSS Tax Saver Fund since July 2021.

Past performance may or may not be sustained in future and the same may not necessarily provide the basis for comparison with other investments. Returns for 1 year and above are compounded annualized(CAGR) and returns less than 1 year are simple annualized basis. 6 months simple annualized returns are provided for the schemes that are in existence for more than 6 months but have not completed 1 year.IDCW (if any) are assumed to be reinvested at the prevailing NAV. In case of Nippon India ETF Liquid BeES, returns are based on gross IDCW per unit declared by the Fund. Bonus (if any) declared has been adjusted.Face value of schemes is `10 per unit, except for the schemes as specified here. Face Value of Nippon India Liquid Fund, Nippon India Money Market Fund Nippon India Ultra Short Duration Fund, Nippon India Low Duration Fund and Nippon India ETF Liquid BeES is `1000 per unit. Face value of Nippon India ETF Junior BeES is `1.25 per unit. Face value of Nippon India Overnight Fund is `100 per unit. Face Value of Nippon India ETF Nifty BeES, Nippon India ETF Bank BeES, Nippon India ETF PSU Bank BeES, Nippon India ETF NV20, Nippon India ETF Hang Seng BeES, Nippon India ETF Gold BeES is `1 per unit. In case, the start/end date of the concerned period is non-business day, NAV of the previous date is considered for computation of returns. Performance details of closed ended and interval schemes are not provided since these are not comparable with other schemes. Different plans shall have a different expense structure. The performance details provided herein are of Growth Plan (Regular Plan).













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Fund Details

  • Inception Date21 Sep 2005
  • Fund ManagerMr. Rupesh Patel | Mr. Ritesh Rathod
Current Investment Philosophy
    • The fund seeks to maintain balance between large cap companies and mid cap companies. It endeavors to invest in potential leaders.
    • It invests in companies with potential of high growth prospects over medium term (2-3 years).
    • Generally, the fund has two or three sector calls at a time.
    • They are mostly in-line of emerging market trends. A small percentage of portfolio is invested in contrarian calls.
    • A significant percent of outstanding equity of the scheme is invested in high conviction mid-cap companies.
    • A significant allocation/exposure is taken in Multinational Companies (MNC’s).
    • It attempts to have a balanced portfolio on a macro basis, allocating to themes like Domestic, Consumption & Defensive.
Minimum Investment
500.00

    and in multiples of Rs. 500 thereafter

Load Details

Entry Load*:

Not Applicable

*In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor.

Exit Load**:

Not Applicable

**If charged, the same shall be credited to the scheme immediately net of Goods & Service tax, if any.

Product label

This product is suitable for investors who are seeking*:

  • Long term capital growth.
  • Investment in equity and equity related securities.

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them



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