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Nippon India Tax Saver (ELSS) Fund
Fund performance since its inception in
September 2005
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.
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 can invest upto Rs. 1.5 lakhs under the ELSS scheme during the FY 2021-22 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. 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.
Since its inception on 21 September 2005, Nippon India Tax Saver (ELSS) Fund has given a CAGR return of 12.49 % p.a. (as on 28th Feb 2021)
Rs. 1 lac invested at the time of inception is worth Rs. 6.16 lac in the scheme compared to Rs. 6.85 lac in the Benchmark.
Please refer below for complete performance disclosure.
| SCHEME PERFORMANCE SUMMARY | |||||||
|---|---|---|---|---|---|---|---|
| NAV as on Feb 28, 2021: Rs 61.5621 | |||||||
| Performance of Nippon India Tax Saver (ELSS) Fund as on 28/02/2021 | |||||||
| Particulars | 1 Year CAGR % | 3 Year CAGR % | 5 Year CAGR % | Since Inception | |||
| Nippon India Tax Saver (ELSS) Fund | 24.88 | -1.00 | 10.51 | 12.49 | |||
| B: S&P BSE 100 TRI | 32.41 | 12.14 | 17.36 | 13.27 | |||
| AB: S&P BSE Sensex TRI | 30.00 | 14.22 | 17.89 | 13.56 | |||
| Value of Rs 10000 Invested | |||||||
| Nippon India Tax Saver (ELSS) Fund | 12,481 | 9,703 | 16,475 | 61,562 | |||
| B: S&P BSE 100 TRI | 13,231 | 14,097 | 22,255 | 68,546 | |||
| AB: S&P BSE Sensex TRI | 12,990 | 14,894 | 22,764 | 71,286 | |||
| Inception Date: Sep 21, 2005 | |||||||
| Fund Manager: Sanjay Parekh (Since Jul 1,2020), Ashutosh Bhargava(Co - Fund Manager)(Since Jul 1,2020) | |||||||
| B - Benchmark | AB - Additional Benchmark | TRI - Total Return Index | |||||||
| As TRI data is not available since Since Inception of the scheme, benchmark performance is calculated using composite CAGR of S&P BSE 100 PRI values from date 21-Sep-2005 to date 01-Aug-2006 and TRI values since date 01-Aug-2006 | |||||||
Note: Different plans shall have a different expense structure. The performance details provided herein are of Growth Plan (Regular Plan).
a.Mr. Sanjay Parekh manages 4 open-ended schemes of Nippon India Mutual Fund.
b. In case the number of schemes managed by a fund manager is more than six, in the 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).
a.Mr. Ashutosh Bhargava manages 4 open-ended scheme of Nippon India Mutual Fund
b. In case the number of schemes managed by a fund manager is more than six, in the 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).
Past performance may or may not be sustained in future and the same may not necessarily provide the basis for comparison with other investment. Performance of the schemes (wherever provided) are calculated basis CAGR for the past 1 year, 3 years, 5 years and since inception. In case, the start/end date of the concerned period is non-business day (NBD), the NAV of the previous date is considered for computation of returns. TRI - Total Returns Index reflects the returns on the index arising from (a) constituent stock price movements and (b) dividend receipts from constituent index stocks, thereby showing a true picture of returns. In the performance of other open ended schemes managed by the fund managers, the performance of the equity schemes is benchmarked to the Total Return variant of the Index.
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.
| PRODUCT LABEL | ||||||
|---|---|---|---|---|---|---|
| Name of Scheme | This product is suitable for investors who are seeking*: | |||||
| Nippon India Tax Saver (ELSS) Fund (An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit) |
• long term capital growth • investment in equity and equity related securities. |
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| OTHER SCHEME PRODUCT LABEL | ||||||
|---|---|---|---|---|---|---|
| Name of Scheme | This product is suitable for investors who are seeking*: | |||||
| Nippon India Mid & Small Cap Fund (An Open Ended Diversified Equity Scheme) |
• Long term capital growth •Investment in equity and equity related securities including derivatives. |
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| Nippon India Regular Savings - Equity Option Fund (An Open Ended Scheme) |
• Long term capital growth •Investment in equity and equity related securities |
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Contact your Financial Advisor | mf.nipponindiaim.com
