3 Year return

23.11%
Launched on February 2015 (9 years)

Investment Details

₹500

Minimum SIP Amount

₹500

Minimum one time investment

Fund has 3 years period

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Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹15026.04 Cr.

Expense Ratio

1.03% (inclusive of GST)

Exit Load

Nil

Ratings

ARQ Rating
3.5

Ratings by other agencies

1
3
1

Tax Implications

Withdrawal within 1 year

Not applicable as these investments cannot be sold before the 3 year lock-in period

Withdrawal after 1 year

10% tax on gains over ₹1 Lakh per financial year

Fund Holdings

Holdings

Nippon India Mutual Fund Managers

RP

Rupesh Patel

Fund Manager since Feb 2015

View Details

Fund House Details

Nippon India Mutual Fund

Nippon India Mutual Fund Asset management company

AUM ₹433,896.92 Cr.
No. of Schemes 293
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by Nippon India Mutual Fund

List of mutual fund schemes by AMC

About the Nippon India Tax Saver (ELSS) Fund Direct Plan Annual IDCW Payout

The Nippon India Tax Saver (ELSS) Fund Direct Plan Annual IDCW Payout is an equity-oriented mutual fund by Nippon India Mutual Fund that aims to generate long-term capital appreciation and provide tax benefits to investors under Section 80C of the Income Tax Act, 1961. The fund invests primarily in large-cap, mid-cap, and small-cap stocks. It has a three-year lock-in period. The Nippon India Tax Saver (ELSS) Fund Direct Plan Annual IDCW Payout is an open-ended fund. This means that the fund can issue and redeem units on a continuous basis. The expense ratio of the Nippon India Tax Saver (ELSS) Fund Direct Plan Annual IDCW Payout is low compared to the category average.

Investment Objectives of the Scheme

The investment objective of the Nippon India Tax Saver (ELSS) Fund Direct Plan Annual IDCW Payout is to generate long-term capital appreciation and provide tax benefits to investors under Section 80C of the Income Tax Act, 1961.

Key Features of The Fund

5-year return 18.21%
Expense Ratio 1.03%
Fund Manager Rupesh Patel
Fund Size ₹15026.04 Cr
Risk Profile Very High

Is This Scheme Right for Me?

The Nippon India Tax Saver (ELSS) Fund Direct Plan Annual IDCW Payout is suitable for investors who are looking to invest for at least three years and want to get the benefits of tax savings under Section 80C of the Income Tax Act, 1961. The fund is also suitable for investors who want to invest in a diversified portfolio of equity stocks. If you are looking for an ELSS fund that offers tax benefits, good returns, and low fees, then the Nippon India Tax Saver (ELSS) Fund Direct Plan Annual IDCW Payout can be a good option to consider. However, talk to your financial advisor and do your own research before making a decision.

AMC Contact Details

Name Nippon India Mutual Fund
Launch Date June 1995
Addresss Nippon Life India Asset Management Limited, 4th Floor, Tower A, Peninsula Business Park, Ganapatrao Kadam Marg, Lower Parel (W), Mumbai – 400 013
Contact 1860 266 0111
Email customercare@nipponindiaim.in
Website https://mf.nipponindiaim.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

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FAQs

What is today's NAV of Nippon India Tax Saver (ELSS) Fund Direct Plan Annual IDCW Payout?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Nippon India Tax Saver (ELSS) Fund Direct Plan Annual IDCW Payout Jun 21 2024 is 23.9698

What is the AUM of Nippon India Tax Saver (ELSS) Fund Direct Plan Annual IDCW Payout?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Nippon India Tax Saver (ELSS) Fund Direct Plan Annual IDCW Payout is 15026.04 crore.

What is the expense ratio of Nippon India Tax Saver (ELSS) Fund Direct Plan Annual IDCW Payout?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of Nippon India Tax Saver (ELSS) Fund Direct Plan Annual IDCW Payout is 1.03%

What are the returns of Nippon India Tax Saver (ELSS) Fund Direct Plan Annual IDCW Payout since inception?

The Nippon India Tax Saver (ELSS) Fund Direct Plan Annual IDCW Payout was launched on Feb 10 2015. The fund has delivered a CAGR of 11.48 since inception.

What is the minimum SIP amount to invest in Nippon India Tax Saver (ELSS) Fund Direct Plan Annual IDCW Payout?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Nippon India Tax Saver (ELSS) Fund Direct Plan Annual IDCW Payout is 500.

How do I invest in Nippon India Tax Saver (ELSS) Fund Direct Plan Annual IDCW Payout?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in Nippon India Tax Saver (ELSS) Fund Direct Plan Annual IDCW Payout?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in Nippon India Tax Saver (ELSS) Fund Direct Plan Annual IDCW Payout?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in Nippon India Tax Saver (ELSS) Fund Direct Plan Annual IDCW Payout?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.