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Fund performance since its inception in
September 2005

Fund performance

21st Sep, 2005

Invested ₹ 1 Lakh
Fund performance

31st August, 2023

Grown to ₹ 9.09 Lakh

FAQ's

What are ELSS Funds?

ELSS (Equity Linked Savings Schemes) are equity oriented mutual funds offering tax benefits under Section 80C of the Income Tax Act 1961. ELSS products stand out among all the other tax saving options, given its higher equity exposure and hence the potential for Wealth Creation in addition to the taxation benefits.

How much Tax can I save by investing in ELSS funds?

You can save tax upto Rs. 46,800 per year by investing in ELSS funds subject to the following:

Individual and HUF having taxable income of less than Rs 50 Lakhs are entitled to get deduction up to Rs 1.5 Lakhs from their gross total income for investment made under ELSS scheme during the FY 2023-24. This deduction is available as per the provision of section 80C of the income tax act 1961. Tax saving will be proportionately reduced subject to the taxable income and investments.

Further, Investment in ELSS schemes is subject to lock in period of 3 years from the date of allotment of units. It must also be noted that above benefit is not available if investor has opted for new tax regime given u/s 115BAC of the Income Tax Act 1961.

The tax benefits are as per the current income tax laws and rules. Investors are advised to consult their tax advisor before investing in such schemes.

How has Nippon India Tax Saver (ELSS) Fund performed?

Since its inception on 21 September 2005, Nippon India Tax Saver (ELSS) Fund has given a CAGR return of 13.08% p.a. (as on 31st August,2023)

Rs. 1 lac invested at the time of inception is worth Rs. 9.09 lac in the scheme compared to Rs. 9.26 lac in the Benchmark.

Please refer below for complete performance disclosure.

What are the USPs of Nippon India Tax Saver (ELSS) Fund and why should I invest in the same?

  • Long Term Track Record (Refer Below Fund performance since its inception in September 2005)
  • Fund endeavours to generate sustained long term alpha
  • Portfolio offers optimal mix of cyclical & defensive themes.
  • Tax benefit as per Section 80C of the Income Tax Act 1961.

What is the current investment philosophy of Nippon India Tax Saver (ELSS) Fund?

  • Seeks to maintain balance between large cap companies and mid cap companies
  • Endeavors to invest in potential leaders
  • Invest 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
  • Small percentage of portfolio is invested in contrarian calls
  • Significant percent of outstanding equity of the scheme is invested in high conviction mid-cap companies
  • Significant allocation/exposure is taken in Multinational Companies (MNC's)
  • Attempt to have a balanced portfolio on a macro basis, allocating to themes like Domestic, Consumption & Defensive

  • The current fund philosophy may change in future depending on market conditions or fund manager’s views.

Nippon India Tax Saver (ELSS) Fund

 

Contact your Mutual Fund Distributor | mf.nipponindiaim.com

#To save tax upto Rs. 46,800: Individual and HUF having taxable income of less than Rs.50 lakhs can invest upto Rs. 1.5 lakhs under the ELSS scheme during the this FY as per provision of Section 80C of the Income Tax Act 1961 (Includes applicable cess). Tax saving will be proportionately reduced subject to the taxable income and investments. Further, Investment in ELSS schemes is subject to lock in period of 3 years from the date of allotment of units. Long Term capital gain, if any on ELSS scheme investment is subject to applicable tax at the time of redemption. The tax benefits are as per the current income tax laws and rules. Investors are advised to consult their tax advisor before investing in such schemes. Common Source: NIMF Internal Research

Note: Investments in mutual funds should not be construed as a guarantee of any minimum returns. ELSS invests in equity and there is no capital protection guarantee or assurance of any return in mutual fund investment. Kindly consult your Mutual Fund Distributor before investing.



Nippon India Tax Saver (ELSS) Fund (An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit)

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 advisors if in doubt about whether the product is suitable for them

Fund Riskometer

Nippon India Tax Saver (ELSS) Fund

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Benchmark Riskometer

Nifty 500 TRI

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