Formerly Reliance Tax Saver Ann DP
₹ 12.1699
NAV (Apr 16)
Top Ranked
Scripbox recommends other funds for investment in tax saving.
Click here to see our recommendations.
Tax saving funds provides inflation beating growth over the long term and is suitable for investment objectives with duration of 10-15 years or longer (minimum 5 years).
Scripbox does not recommend investing in the dividend option of a fund because dividends are taxable at a higher rate than withdrawals.
Track Record
6 Years. The fund has an Extended history for analysis and the track record is excellent.
Relative Size
11,222 Cr. Category leader in size
Category View
Positive. The category has a positive investment outlook
Consistency Of Performance
Relatively moderate. The historical performance of the fund has been OK
Invest in a scientifically curated set of tax saving funds (ELSS) which are designed to help you save tax under Sec. 80C while offering the opportunity for growth in line with equity returns.
No single fund can achieve what a plan can. Learn why
Scheme Information
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.
Low
Low to Moderate
Moderate
Moderately High
High
Very High
Very High Risk
1.86 %
Expense Ratio
Feb 11, 2015
Launched (6y ago)
₹ 11,222
AUM in Crores
INF204KA1E04
ISIN
3
Lock-in
Benchmark
₹ 500
SIP Minimum
₹ 500
Lumpsum Min.
Returns Calculator Comparison
of
for
with step up of
Instrument | Returns | Total Corpus | Gains | Annualised % |
---|---|---|---|---|
Mutual Fund | ₹ 965,796 | ₹ 233,184 | 11.25% | |
EPF | ₹ 900,761 | ₹ 168,149 | 8.50% | |
Property | ₹ 867,662 | ₹ 135,050 | 7.00% | |
PPF | ₹ 869,819 | ₹ 137,207 | 7.10% | |
Bank FD | ₹ 846,471 | ₹ 113,859 | 6.00% | |
Gold | ₹ 846,471 | ₹ 113,859 | 6.00% | |
Savings Bank | ₹ 825,950 | ₹ 93,338 | 5.00% |
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.
Invest in a scientifically curated set of tax saving funds (ELSS) which are designed to help you save tax under Sec. 80C while offering the opportunity for growth in line with equity returns.
Comparison with Equity Funds
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About the AMC
Nippon Life India Asset Management Ltd
Nippon Life India Asset Management Ltd manages assets worth 199,730 crores and was set up on 24 February 1995. It's current offering of mutual fund schemes includes 90 equity,369 debt and 34 hybrid funds.
Liquid
Recommended
Top Ranked
₹ 23,878 Cr
Fund Size
5.7%
3Y returns
Mid Cap
Recommended
Top Ranked
₹ 8,990 Cr
Fund Size
10.9%
3Y returns
Liquid
Top Ranked
₹ 23,878 Cr
Fund Size
4.9%
3Y returns
Mid Cap
Top Ranked
₹ 8,990 Cr
Fund Size
9.6%
3Y returns
Liquid
Top Ranked
₹ 23,878 Cr
Fund Size
3.8%
3Y returns
Invest in a scientifically curated set of tax saving funds (ELSS) which are designed to help you save tax under Sec. 80C while offering the opportunity for growth in line with equity returns.
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Nippon India Tax Saver ELSS Fund (DP-A) is a tax saving equity fund and has delivered an annualised return of 4.1% over a period of 6 years .The fund was previously known as Reliance Tax Saver Ann DP.The fund is managed by Nippon Life India Asset Management Ltd.The fund managers are Ashutosh Bhargava, Ashwani Kumar, Kinjal Desai, Sanjay H Parekh
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. However, there is no assurance that the objective of the scheme will be realized.
The Nippon India Tax Saver ELSS Fund (DP-A) fund was launched on Feb 11, 2015. The NAV (Net Asset Value) of this tax saving equity as of 2021-04-16 is ₹ 12.1699. The total AUM (Asset Under Management) of the fund as of 2021-04-19 is ₹ 11221.677. The category risk of the Nippon India Tax Saver ELSS Fund (DP-A) fund is Very High Risk. The fund charges 1.86 % as expense ratio.
The fund’s highest allocation is towards equity and has invested 98.3% in this asset class. The top three holdings of the fund are infosys ltd,hdfc bank ltd and icici bank ltd
The minimum SIP (Systematic Investment Plan) amount for this is ₹ 500 and you can increase this in multiples of ₹ 500. In case you want to invest a lump sum, the minimum amount to be invested is ₹ 500.
This fund is meant for investors with a minimum investment horizon of 5-7 years. Due to the asset class nature, expect volatility in your investments over the short term. The fund is benchmarked to
Nippon India Tax Saver ELSS Fund (DP-A) has a score of 4 on a scale of 5. The fund scores 5 out of 5 based on historical performance. As compared to the other funds in its category, Nippon India Tax Saver ELSS Fund (DP-A) has a score of 5 out of 5. Scipbox has rated this fund 3 out of 5 based on consistency of performance over various years / tenures.