Widely used:
Analyst’s Choice
Value Research Rating
Analyst’s Choice
Riskometer
Very High
₹136.4780 -1.29%
As on 13-Aug-2024
As per SEBI's Riskometer.
Split between different types of investments
Split between categories of Equity investments
Rating |
VR Opinion |
Risk
|
Return (%) |
|
Expense Ratio (%)
|
|
|---|---|---|---|---|---|---|
|
Nippon India ELSS Tax Saver Fund - Direct Plan
|
|
|
Very High
|
Please wait... |
1.02 |
|
 |
|
Very High
|
Please wait... |
0.93 |
||
 |
|
Very High
|
Please wait... |
0.71 |
||
|
|
Very High
|
Please wait... |
1.09 |
||
|
|
Very High
|
Please wait... |
0.77 |
₹16,547 Cr
--
500
100
500
12
Investment Strategy
The scheme aims to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related instruments.
Suitability
"When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.
But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.
Like for all equity funds, you must invest only through the SIP route. Click here to read a primer on SIP investing.
Warning: Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.
Capital Gains Taxation
Dividend Taxation
Nippon India ELSS Tax Saver Fund - Direct Plan is mandated to invest at least 80 per cent of its assets in equity stocks. It offers tax exemption under Section 80C of the Indian income tax laws. As per this section, investments of up to Rs 1.5 lakh in a financial year in eligible securities are exempt from tax.
Mutual funds can be bought directly from the website of the fund house. For instance, Nippon India ELSS Tax Saver Fund - Direct Plan fund can be purchased from the website of Nippon India Mutual Fund. You can also buy mutual funds through platforms like MF Central, MF Utility, among others. However, if you are not comfortable buying mutual funds online, you can seek help of a mutual fund distributor. Most banks also act as mutual fund distributors. So you can connect with your bank for assistance.
The NAV of Nippon India ELSS Tax Saver Fund - Direct Plan is ₹136.4780 as of 14-Aug-2024.
The AUM of Nippon India ELSS Tax Saver Fund - Direct Plan Fund is ₹16,547 Cr as of 31-Jul-2024
The riskometer level of Nippon India ELSS Tax Saver Fund - Direct Plan is Very High. See More
| Company | Percentage of Portfolio |
|---|---|
|
7.20
|
|
|
5.76
|
|
|
4.63
|
|
|
3.92
|
|
|
3.56
|
As of 31-Jul-2024, Nippon India ELSS Tax Saver Fund - Direct Plan had invested 99.61% in Equity, 0.39% in Cash & Cash Eq. and 0% in Debt See More
Nippon India ELSS Tax Saver Fund - Direct Plan is 11 years 7 months old. It has delivered 15.78% returns since inception. See More
|
1Y
|
3Y
|
5Y
|
7Y
|
10Y
|
Since Inception
|
|---|---|---|---|---|---|
|
39.64%
|
20.79%
|
22.26%
|
12.30%
|
13.46%
|
15.78%
|
Yes, There is lock in period in Nippon India ELSS Tax Saver Fund - Direct Plan.
The expense ratio of Nippon India ELSS Tax Saver Fund - Direct Plan is 1.02.
Mutual Funds 
Nippon India Nippon India ELSS Tax Saver Fund - Direct Plan
