Nippon India Tax Saver (ELSS) Fund - Growth
Nippon India Tax Saver (ELSS) Fund - Growth4Morning Star
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Min amount: ₹500
- Save up to Rs 46,800 in taxes every year.
- Highest returns compared to other 80C investments.
- Lowest lock-in of 3 years
|Tax Saving FD||PPF||ELSS|
|Average Annualised Returns i||6%||8%||12%|
|Tax rates i||30%||Not taxable||10%*|
|Returns after tax i||4.2%||8.00%||10.80%|
|Current rate of Inflation i||4%||4%||4%|
|Real Rate of Return i||0.2%||4.00%||6.80%|
|Lock-in Period i||5 years||15 years||3 years|
- Fund Summary
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- Related funds
- Why Cleartax
|Risk||Moderately High risk|
|Fund Type||ELSS (Tax Savings)|
More about this fund
|State Bank of India||8.12%|
|Larsen & Toubro Ltd||7.65%|
|Tata Motors Ltd||6.76%|
|Tata Steel Ltd||6.34%|
|ICICI Bank Ltd||4.92%|
|Steel Authority Of India Ltd||4.47%|
|TVS Motor Co Ltd||4.29%|
|Ashok Leyland Ltd||4.11%|
|ABB India Ltd||3.88%|
|Coal India Ltd||3.86%|
About Reliance Tax Saver (ELSS)
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. The minimum investment is Rs 500. The top 3 underlying investments are, State Bank of India, Tata Steel Ltd. and TVS Motor Co. Ltd. The Scheme is benchmarked against S&P BSE 100.
Pros & Cons of Reliance Tax Saver (ELSS) Fund
With a 10-year return of 15.40%, the Scheme has outperformed both the benchmark index (11.83%) and the category average (12.66%). An aggressive performer in the ELSS category, the Scheme has alternated between chart-busting returns and a moderate show. After a huge outperformance of the category, which lifted its ranking to five stars in 2014-15, it has subsided to three stars lately. But it has retained a three-star or higher ranking for much of its life. This is an aggressive Scheme in the ELSS space. The principal invested is eligible for tax benefits under Section 80C of the Income Tax Act 1961.
Fund Information and Statistics of Reliance Tax Saver (ELSS) Fund
i) Inception / Launch date
The Scheme is an open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefits. The Scheme was launched on 21 September 2005.
ii) Risk level
The Scheme’s Riskometer determined as “Moderately High” and suitable for investors looking for long term capital growth. The Scheme seeks to maintain balance between large cap companies and mid cap companies. Significant percent of outstanding equity of the scheme is invested in high conviction mid-cap companies. Generally, the Scheme has two or three sector calls at a time.
Redemptions are not permitted only beyond the expiry of the lock in period. Under normal circumstances, the Fund endeavors to dispatch the redemption cheque within 3-4 working days from the receipt of a valid redemption request.
iv) Fund Manager
The Scheme is currently being managed by Mr. Ashwini Kumar who is managing since inception. Mr. Kumar is a B.Sc and MBA in Finance.
v) Entry / Exit load
No entry load or exit load is charged for this scheme.
About Reliance Mutual Fund
Reliance Mutual Fund is part of Reliance Dhirubhai Ambani group and is one of the fastest growing mutual fund houses in India with average AUM of Rs. 2,44,843 crores (based on last quarter). Mr Sandeep Sikka is the CEO of the fund house.
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Min amount: ₹500
All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns