- Mutual Funds
- Nippon Mutual Fund
- Nippon India Tax Saver ELSS Fund (RIDCW-Q)
Formerly Nippon India Tax Saver DR
Nippon India Tax Saver ELSS Fund (RIDCW-Q)
₹ 29.8392
NAV (Sep 22)
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.
Investment Calculator
Investment Duration5 years
0
Total Investment0
Wealth Gained0
Total Corpus Created (₹)
With CAGR of 11.25 % in 5 yearsHistorical NAV
₹ 29.8392
NAV (Sep 22)
Fund Returns
Last 1Y | 15.5% |
Last 3Y | 27.6% |
Last 5Y | 10.4% |
Last 10Y | 15.1% |
Since Inception | 12.9% |
6 Month CAGR | 21.5% |
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
Expense Ratio | 1.72 |
Launched (18y ago) | Sep 21, 2005 |
AUM in Crores | 12543.761 |
ISIN | INF204K01GM0 |
Lock-in | 3 |
Benchmark | IISL Nifty 500 TR INR |
SIP Minimum | 0 |
Lumpsum Min. | 500 |
Standard Deviation (3yr) | 15.2 |
Standard Deviation (5yr) | 21.8 |
Beta (3yr) | 1.02 |
Beta (5yr) | 1.08 |
Sharpe Ratio (3yr) | 1.283 |
Sharpe Ratio (5yr) | 0.272 |
YTM | 0 |
Returns Calculator Comparison
of
for
with step up of
| Asset | Returns | Total Corpus | Gains | CAGR |
|---|---|---|---|---|
| Nippon India Tax Saver ELSS Fund (RIDCW-Q) | 9,45,068 | 2,12,456 | 10.4% | |
| EPF | 9,00,761 | 1,68,149 | 8.50% | |
| Property | 8,67,662 | 1,35,050 | 7.00% | |
| PPF | 8,69,819 | 1,37,207 | 7.10% | |
| Bank FD | 8,46,471 | 1,13,859 | 6.00% | |
| Gold | 8,46,471 | 1,13,859 | 6.00% | |
| Savings Bank | 8,25,950 | 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.
Asset allocation and Holdings
Top Stock Holdings
hdfc bank ltd
8.8%icici bank ltd
7.9%infosys ltd
5%axis bank ltd
4.5%state bank of india
3.8%Allocation by Sector
financial services
35.4%consumer cyclical
12.4%industrials
9.8%consumer defensive
9.1%basic materials
8.9%Comparison with Equity Funds
| Fund Name | Fund Size | Outperformance Consistency |
|---|---|---|
₹ 17,630 cr | ||
₹ 11,197 cr | ||
₹ 11,862 cr | ||
₹ 10,089 cr | ||
₹ 9,392 cr |
About the AMC
Nippon Life India Asset Management Ltd
| Fund Name | Scripbox Opinion | Till Date CAGR | |
|---|---|---|---|
4.7% | 6.8% | ||
4.7% | 5.6% | ||
4.7% | 6.6% | ||
4.7% | 6.6% | ||
4.7% | 5.6% |
Nippon India Tax Saver ELSS Fund (RIDCW-Q) Review
Nippon India Tax Saver ELSS Fund (RIDCW-Q) is a Tax Saving Equity fund and has delivered an annualised return of 12.9% over a period of 18 years. The fund was previously known as Nippon India Tax Saver DR. The fund is managed by Nippon Life India Asset Management Ltd. The fund managers are Akshay Sharma, Ashutosh Bhargava, Kinjal Desai, Rupesh Patel.
Nav of Nippon India Tax Saver ELSS Fund (RIDCW-Q) as of 9/22/2023 is ₹29.84 with the total AUM as of 9/23/2023 is ₹12543.761. With Scripbox you can compare and check the latest nav for all mutual funds in India. Nippon India Tax Saver ELSS Fund (RIDCW-Q) was launched on Sep 21, 2005. The category risk of the fund is Very High Risk.
The minimum SIP amount for Nippon India Tax Saver ELSS Fund (RIDCW-Q) is ₹0 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. Check your estimated returns on mutual funds by using sip calculator.
Nippon India Tax Saver ELSS Fund (RIDCW-Q) 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 IISL Nifty 500 TR INR.
Nippon India Tax Saver ELSS Fund (RIDCW-Q) is rated as a 3 fund in Equity and delivered 15.5% returns in the last 1 year. Scripbox provides a compare mutual funds research tool to view a detailed comparison with Nippon India Tax Saver ELSS Fund (RIDCW-Q).
Frequently Asked Questions
What is Nippon India Tax Saver ELSS Fund (RIDCW-Q)?
How to invest in Nippon India Tax Saver ELSS Fund (RIDCW-Q)?
You can invest in Nippon India Tax Saver ELSS Fund (RIDCW-Q) through AMC, intermediaries, brokers or platforms like Scripbox. To learn step by step process visit how to invest in mutual funds?
What is the minimum sip amount of Nippon India Tax Saver ELSS Fund (RIDCW-Q)?
The minimum sip amount for Nippon India Tax Saver ELSS Fund (RIDCW-Q) is ₹0. You can invest in multiples of ₹500.
Is Nippon India Tax Saver ELSS Fund (RIDCW-Q) good to invest in?
As per Scripbox experts, Nippon India Tax Saver ELSS Fund (RIDCW-Q) is a Neutral fund. You can investNippon India Tax Saver ELSS Fund (RIDCW-Q) fund if its investment objective and risk-o-meter matches your investment goals and risk preferences.
What is the expense ratio of the Nippon India Tax Saver ELSS Fund (RIDCW-Q)?
The expense ratio of the Nippon India Tax Saver ELSS Fund (RIDCW-Q) is 1.72% for regular plan.