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Nippon India ELSS Tax Saver Fund Direct Plan Annual Payout Income Dist cum Cap Wdrl
2Direct
Dividend_payout
3 yr CAGR
+25.55%
2Direct
Dividend_payout
3 yr CAGR
+25.55%
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 |
*Taxable @ 10% over and above Rs 1 lakh.
Fund overview
Net Asset Value
₹21.5601
AUM (Fund size)
13,354.46 Crore
Lock-in period
3 years
Exit Load
0% in 0 days
Expense ratio
1.05%
Risk
Very High
Start your investment
Lumpsum
SIP
Amount
₹
Estimated value after 3 years
(as per historical returns)
2.24 Lakhs ₹
Min investment of ₹500 required
Top holdings
| Holdings | Weightage |
|---|---|
| ICICI Bank Ltd | 8.66% |
| HDFC Bank Ltd | 7.65% |
| Infosys Ltd | 4.93% |
| Axis Bank Ltd | 3.88% |
| NTPC Ltd | 3.38% |
| State Bank of India | 3.09% |
| Larsen & Toubro Ltd | 3.08% |
| Reliance Industries Ltd | 2.79% |
| Bharti Airtel Ltd (Partly Paid Rs.1.25) | 2.76% |
| Power Finance Corp Ltd | 2.49% |
Calculate returns
Monthly (SIP)
One-Time
₹
yrs
₹4,000 invested monthly becomes ₹0 in a period of 20 years
Top Sectors
Key Ratios
Key Ratios
| Ratio | This Fund | Category Avg | Insight |
|---|---|---|---|
| Alpha | -0.06% | 0.39% | Worse than category avg |
| Beta | 1.02% | 0.96% | Worse than category avg |
| Returns generated per unit risk | 0.66% | 0.66% | Worse than category avg |
| Downside Capture ratio | 106.04% | 95.46% | Better than category avg |
Alpha
Worse than category avg
Worse than category avgThe fund has underperformed the benchmark and has provided lower returns than the expected catgeory average
This fund
-0.06
Category avg.
0.39
BetaWorse than category avg
Worse than category avgThis fund is more volatile as compared to the index and is more risky as compared to category average
This fund
1.02
Category avg.
0.96
Returns generated per unit riskWorse than category avg
Worse than category avgThe fund house has taken prudent investment decisions in ensuring you get a good return for the risk you undertook
This fund
0.66
Category avg.
0.66
Downside Capture ratio
Better than category avg
Better than category avgThe fund has captured almost all the downside in the benchmark meaning risk management has been below par
This fund
106.04
Category avg.
95.46
About Nippon Life India Asset Management Ltd
Nippon India Mutual Fund is one of India’s leading mutual fund companies.It is is one of the fastest growing AMCs in India. It was registered on June 30, 1995. Nippon Mutual Fund was originally Reliance Capital Mutual Fund and changed its name in 2004.
Managers | Rupesh Patel, Ritesh Rathod, Kinjal Desai |
Custodians | Deutsche Bank AG |
Address | Nippon Life India Asset Management Limited 4th Floor, Tower A, Peninsula Business Park, |
Fax Nos. | 022- 6808 7097 |
Telephone Nos. | 022-6808 7000/18602660111 |
Homepage | https://mf.nipponindiaim.com/ |
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Start your investment
Lumpsum
SIP
Amount
₹
Estimated value after 3 years
(as per historical returns)
2.24 Lakhs ₹
Min investment of ₹500 required
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Frequently Asked Questions
What are Dividend Funds?
The dividend option of mutual funds distributes the investment profits as dividends to investors. Dividends are paid regularly on a monthly, quarterly, semi-annual or annual basis. Moreover, the frequency of dividend payout depends on the surplus generated by the fund with no guarantee of payouts. • According to SEBI rules, dividends are paid out from the accumulated profits of the mutual fund schemes. • The dividend payout rates and the timing of dividend payments are not guaranteed. • You will see the mutual fund scheme's NAV (Net Asset Value) drop after you receive dividends. It is because dividends paid to investors are adjusted from the NAV of mutual fund schemes.
What is IDCW and Reinvestment option in Dividend Funds?
SEBI changed the Mutual Funds Dividend Option to Income Distribution cum Capital Withdrawal or IDCW in April 2021. It refers to the mutual fund scheme's income distribution, including dividends from stocks and capital gains earned by selling stocks from its portfolio. So why did SEBI rename the dividend option as IDCW? Well, investors receive profits called dividends from the mutual fund scheme. However, at the same time, the Net Asset Value gets reduced after you receive the dividends. As there is no additional payout, SEBI has renamed the gains, distribution of income.
How are the dividend funds taxed and will there be any tax on the dividend I receive?
Dividend income is taxable in the hands of unit holders since 1st April 2020. Any dividend received after this date is added to investors' taxable income and taxed as per the income tax bracket. In the case of IDCW, dividend income is taxed as per your income tax slab.
Why does NAV fall on the dividend date?
The NAV of a mutual fund scheme reflects the total value of its underlying securities. If the scheme sells securities to book profits and distribute them as dividends to unitholders, then the NAV is impacted proportionally. Therefore, there is a fall in NAV to reflect dividend payout after a dividend announcement. Suppose the NAV of a mutual fund scheme is Rs 100 per unit, and the dividend declared is Rs 5 per unit. It results in a drop of Rs 5 in the NAV per unit on the dividend date.
Can my Dividend fund investment order get rejected?
You must finish your KYC (Know Your Customer) requirements as part of compliance. It is mandatory to prevent the misuse of financial entities services for illegal activities such as money laundering. Your NFO and investment in mutual funds, including dividend funds, get rejected if you have not completed your KYC.
Is KYC necessary for Dividend fund purchase?
You must finish your KYC (Know Your Customer) requirements which is verification of your identity and address by an institution before investing in dividend funds. It prevents the misuse of services of banks, AMCs and other financial institutions for illegal activities such as money laundering.
Is there any change with the redemption process for dividend funds?
There's no change in the redemption process for dividend funds.
Where will I get my dividend payout of my investments?
You get the dividend payout to your bank account used for investments.
Can there be delay in the dividend payout?
The dividend payout depends on the mutual fund house. There may be a delay of a few days if the fund house misses the dividend payout cycle. However, dividends will be paid out in the subsequent cycle.
What is a lock-in period?
It is the period for which your money will remain locked in the mutual fund. Most mutuals do not have any lock-in period. ELSS, Tax-Savers, come with a lock-in of 3 years which is the lowest compared to other 80C investment options. Lock-in period is calculated from the date of investment. Meaning SIPs will have different lock-in dates
Is KYC necessary for BLACK?
KYC is necessary for all fund houses. If you are investing through BLACK, you need to do your KYC just once. The same KYC will be used for all further investments.
What is a Mandate (Auto-SIP)?
A Mandate is a one-time registration through which you instruct your bank account to deduct a specified amount of money from your account daily towards investing into a SIP portfolio. Once you register for Mandate, you don’t have to follow the payment process every time you invest in the SIP.
