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Nippon India ELSS Tax Saver Fund review: Is its growth strategy optimal?

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ET BureauLast Updated: Dec 16, 2024, 06:30:00 AM IST

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Synopsis

ET Wealth collaborates with Value Research to analyse top mutual funds. Let's examine the key fundamentals of Nippon India ELSS Tax Saver Fund, its portfolio and performance to help you make an informed investment decision.

funds 3 — Let's examine the key fundamentals of Nippon India ELSS Tax Saver Fund.

ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of Nippon India ELSS Tax Saver Fund, its portfolio and performance to help you make an informed investment decision.

Nippon India ELSS Tax Saver Fund

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BASIC FACTS
DATE OF LAUNCH

21 SEPT 2005
CATEGORY
EQUITY
TYPE
ELSS
AUM*

Rs.15,666 crore

BENCHMARK
NIFTY 500 TOTAL

RETURN INDEX

WHAT IT COSTS
NAV**
GROWTH OPTION
Rs.129.62
IDCW
Rs.38.79
IDCW YEARLY
Rs.23.56
MINIMUM INVESTMENT
Rs.500

MINIMUM SIP AMOUNT
Rs.500

EXPENSE RATIO# (%)
1.70
EXIT LOAD
0%

*AS ON 30 NOV 2024
**AS ON 10 DEC 2024
#AS ON 31 OCT 2024

FUND MANAGER
RUPESH PATEL
3 YEARS, 4 MONTHS

Recent portfolio changes
New entrants
Havells India, Hyundai Motor India, Kotak Mahindra Bank (Oct), GE Vernova T&D India, NTPC Green Energy (Nov)
Complete exits
Jindal Steel & Power (Oct),Kotak Mahindra Bank, Voltas (Nov)

Should You Buy?
This fund seeks to run an optimal combination of high growth and secular themes, adopting a bias towards quality. It also adopts a core and tactical approach, with the core portfolio comprising businesses with compounding characteristics and tactical portion taking advantage of market-, industry- or companyspecific developments. The fund portfolio retains a bias towards large caps, with modest presence in mid and small-caps. After suffering for a long period of time, the fund’s return profile has improved markedly since 2021. It needs to deliver consistently going forward to emerge a worthy pick in its category.