Fund performance since its inception in
September 2005
21st Sep, 2005
Invested ₹ 1 Lakh
30 April 2023
Grown to ₹ 7.98 LakhELSS (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 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.
Since its inception on 21 September 2005, Nippon India Tax Saver (ELSS) Fund has given a CAGR return of 12.51 % p.a. (as on 30 April,2023)
Rs. 1 lac invested at the time of inception is worth Rs. 7.98 lac in the scheme compared to Rs. 8.29 lac in the Benchmark.
Please refer below for complete performance disclosure.
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.
This product is suitable for investors who are seeking*
*Investors should consult their financial advisors if in doubt about whether the product is suitable for them
Nippon India Tax Saver (ELSS) Fund
Nifty 500 TRI
