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Nippon India Tax Saver (ELSS) 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

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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 (07 Aug 2020)44.0178


NAV as on July 31, 2020: ` 43.4028

Performance of Nippon India Tax Saver (ELSS) Fund as on 31/07/2020
Particulars1 Year CAGR %3 Year CAGR %5 Year CAGR %Since Inception
Nippon India Tax Saver (ELSS) Fund -13.31-10.78-1.6710.38
B: S&P BSE 100 TRI0.813.586.6111.68
AB: S&P BSE Sensex TRI1.476.207.3312.06
Value of `10000 Invested
Nippon India Tax Saver (ELSS) Fund 8,666 7,100 9,193 43,403
B: S&P BSE 100 TRI 10,082 11,115 13,779 51,646
AB: S&P BSE Sensex TRI 10,148 11,980 14,245 54,333
Inception Date: Sep 21, 2005
​​​B - Benchmark    |   AB - Additional Benchmark |   TRI - Total Return Index
Fund Manager: Ashwani Kumar (Since Sep 2005 till Jun 30, 2020), Sanjay Parekh (Since Jul 1, 2020), Ashutosh Bhargava (Co - Fund Manager) (Since Jul 1, 2020)
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.

​​PERFORMANCE OF OTHER OPEN ENDED SCHEMES MANAGED BY FUND MANAGER: Sanjay Parekh

Scheme Name/sCAGR %
1 Year Return 3 Years Return5 Years Return
Scheme Benchmark Scheme Benchmark Scheme Benchmark
Nippon India Hybrid Bond Fund ##-11.9011.54-2.308.272.219.35
Nippon India Equity Hybrid Fund ##-16.866.95-6.785.880.868.20
Nippon India Equity Savings Fund ##-17.836.16-6.426.42-0.617.22
​​​​​​​

​​Note​:

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).

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.

The performance of the equity scheme is benchmarked to the Total Return variant of the Index.

Mr. Sanjay Parekh has been managing Nippon India Hybrid Bond Fund since Apr 2012, Nippon India Equity Hybrid Fund since Apr 2012, Nippon India Equity Savings Fund since May 2015,Nippon India Tax Saver (ELSS) Fund since July 2020

PERFORMANCE OF OTHER OPEN ENDED SCHEMES MANAGED BY FUND MANAGER: Ashutosh Bhargava

Scheme Name/sCAGR %
1 Year Return 3 Years Return5 Years Return
Scheme Benchmark Scheme Benchmark Scheme Benchmark
Nippon India Quant Fund3.991.681.343.314.826.69
Nippon India Balanced Advantage Fund#1.516.952.605.885.438.20

Note:

a. Mr. Ashutosh Bhargava manages 3 open-ended scheme of Nippon India Mutual Fund
Mr. Arun Sundaresan manages 1 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).

#(Co-Fund manager)

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.

The performance of the equity scheme is benchmarked to the Total Return variant of the Index.

Past performance may or may not be sustained in future and the same may not necessarily provide the basis for comparison with other Investment. Dividends (if any) are assumed to be reinvested at the prevailing NAV. In case of LIQUIDBEES, returns are based on gross dividend per unit declared by the Fund. Bonus (if any) declared has been adjusted. Performance of dividend option would be Net of Dividend distribution tax, if any. Face value of scheme is `10/- per unit. Face Value of Nippon India Low Duration Fund is `1000/- per unit. Face Value of Nippon India Money Market Fund, Nippon India Liquid Fund, Nippon India Ultra Short Duration Fund is `1000/- per unit w.e.f 5th Aug 2012. Face value of Nippon India ETF Junior BeES is `1.25/- per unit. Face value of Nippon India ETF Liquid BeES is `1000/- 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 has changed from `10/- per unit to `1/- per unit w.e.f 20th Dec 2019. Face value of Nippon India ETF Gold BeES has changed from `100/- per unit to `1/- per unit w.e.f 20th Dec 2019.​ Face value of Nippon India Overnight Fund is `100/- per unit. 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. Schemes which have not completed one year, performance details for the same are not provided. Performance details of closed ended 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. Sanjay Parekh | Mr. Ashutosh Bhargava
Current Investment Philosophy
    • 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 (MNCs).
    • Attempt 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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Details as on Jun 30 , 2020

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