Navi ELSS Tax Saver Nifty 50 Index Fund Direct Growth
EquityELSS (Tax Savings)Very High Risk
Direct
NAV (09-Oct-24)
₹14.92-0.13%1D
Returns (Since Inception)
28.75%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹67 Cr
Expense Ratio
0.10%
ISIN
INF959L01GR6
Minimum SIP
₹500
Exit Load
No Charges
Inception Date
21 Mar 2023
About this fund
Navi ELSS Tax Saver Nifty 50 Index Fund Direct Growth is a ELSS (Tax Savings) mutual fund schemes offered by Navi Mutual Fund. This fund has been in existence for 1 years, 6 months and 19 days, having been launched on 21-Mar-23.
As of 09-Oct-24, it has a Net Asset Value (NAV) of ₹14.92, Assets Under Management (AUM) of 67.27 Crores, and an expense ratio of 0.1%.
As of 09-Oct-24, it has a Net Asset Value (NAV) of ₹14.92, Assets Under Management (AUM) of 67.27 Crores, and an expense ratio of 0.1%.
- Navi ELSS Tax Saver Nifty 50 Index Fund Direct Growth has given a CAGR return of 28.75% since inception.
- The fund's asset allocation comprises around 99.78% in equities, 0.00% in debts, and 0.22% in cash & cash equivalents.
- You can start investing in Navi ELSS Tax Saver Nifty 50 Index Fund Direct Growth with a SIP of ₹500 or a Lumpsum investment of ₹500.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+29.10%
+40.51% (Cat Avg.)
Since Inception
+28.75%
— (Cat Avg.)
Portfolio Summaryas of 31st August 2024
| Equity | ₹67.12 Cr | 99.78% |
| Others | ₹0.15 Cr | 0.22% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| HDFC Bank Ltd | Equity | ₹7.39 Cr | 10.99% |
| Reliance Industries Ltd | Equity | ₹6.13 Cr | 9.11% |
| ICICI Bank Ltd | Equity | ₹5.19 Cr | 7.71% |
| Infosys Ltd | Equity | ₹4.21 Cr | 6.26% |
| ITC Ltd | Equity | ₹2.78 Cr | 4.13% |
| Tata Consultancy Services Ltd | Equity | ₹2.77 Cr | 4.11% |
| Larsen & Toubro Ltd | Equity | ₹2.6 Cr | 3.86% |
| Bharti Airtel Ltd | Equity | ₹2.55 Cr | 3.79% |
| Axis Bank Ltd | Equity | ₹2 Cr | 2.98% |
| State Bank of India | Equity | ₹1.88 Cr | 2.79% |
| Mahindra & Mahindra Ltd | Equity | ₹1.63 Cr | 2.43% |
| Kotak Mahindra Bank Ltd | Equity | ₹1.57 Cr | 2.34% |
| Hindustan Unilever Ltd | Equity | ₹1.49 Cr | 2.21% |
| Tata Motors Ltd | Equity | ₹1.4 Cr | 2.08% |
| Bajaj Finance Ltd | Equity | ₹1.2 Cr | 1.79% |
| NTPC Ltd | Equity | ₹1.19 Cr | 1.76% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹1.18 Cr | 1.75% |
| HCL Technologies Ltd | Equity | ₹1.11 Cr | 1.65% |
| Maruti Suzuki India Ltd | Equity | ₹0.98 Cr | 1.46% |
| Power Grid Corp Of India Ltd | Equity | ₹0.92 Cr | 1.37% |
| Titan Co Ltd | Equity | ₹0.89 Cr | 1.33% |
| Asian Paints Ltd | Equity | ₹0.85 Cr | 1.26% |
| UltraTech Cement Ltd | Equity | ₹0.78 Cr | 1.16% |
| Oil & Natural Gas Corp Ltd | Equity | ₹0.77 Cr | 1.15% |
| Tata Steel Ltd | Equity | ₹0.75 Cr | 1.12% |
| Bajaj Auto Ltd | Equity | ₹0.73 Cr | 1.08% |
| Coal India Ltd | Equity | ₹0.72 Cr | 1.07% |
| Adani Ports & Special Economic Zone Ltd | Equity | ₹0.65 Cr | 0.97% |
| Tech Mahindra Ltd | Equity | ₹0.62 Cr | 0.93% |
| Hindalco Industries Ltd | Equity | ₹0.61 Cr | 0.91% |
| Grasim Industries Ltd | Equity | ₹0.6 Cr | 0.89% |
| Bajaj Finserv Ltd | Equity | ₹0.58 Cr | 0.86% |
| IndusInd Bank Ltd | Equity | ₹0.57 Cr | 0.84% |
| JSW Steel Ltd | Equity | ₹0.54 Cr | 0.80% |
| Nestle India Ltd | Equity | ₹0.54 Cr | 0.80% |
| Shriram Finance Ltd | Equity | ₹0.53 Cr | 0.79% |
| Cipla Ltd | Equity | ₹0.52 Cr | 0.77% |
| Dr Reddy's Laboratories Ltd | Equity | ₹0.51 Cr | 0.76% |
| SBI Life Insurance Co Ltd | Equity | ₹0.5 Cr | 0.74% |
| Adani Enterprises Ltd | Equity | ₹0.47 Cr | 0.71% |
| Tata Consumer Products Ltd | Equity | ₹0.47 Cr | 0.70% |
| HDFC Life Insurance Co Ltd | Equity | ₹0.47 Cr | 0.69% |
| Wipro Ltd | Equity | ₹0.46 Cr | 0.68% |
| Hero MotoCorp Ltd | Equity | ₹0.42 Cr | 0.63% |
| Bharat Petroleum Corp Ltd | Equity | ₹0.42 Cr | 0.62% |
| Apollo Hospitals Enterprise Ltd | Equity | ₹0.42 Cr | 0.62% |
| Britannia Industries Ltd | Equity | ₹0.41 Cr | 0.62% |
| Eicher Motors Ltd | Equity | ₹0.41 Cr | 0.61% |
| Divi's Laboratories Ltd | Equity | ₹0.39 Cr | 0.58% |
| LTIMindtree Ltd | Equity | ₹0.34 Cr | 0.50% |
| Treps/Reverse Repo/Net Current Assets/Cash/Cash Equivalent | Cash | ₹0.15 Cr | 0.22% |
Allocation By Market Cap (Equity)
Large Cap Stocks
99.78%
Mid Cap Stocks
--
Small Cap Stocks
--
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹21.88 Cr | 32.53% |
| Technology | ₹9.51 Cr | 14.14% |
| Energy | ₹8.51 Cr | 12.65% |
| Consumer Cyclical | ₹6.47 Cr | 9.61% |
| Consumer Defensive | ₹5.69 Cr | 8.46% |
| Basic Materials | ₹4.13 Cr | 6.14% |
| Industrials | ₹3.25 Cr | 4.83% |
| Healthcare | ₹3.02 Cr | 4.49% |
| Communication Services | ₹2.55 Cr | 3.79% |
| Utilities | ₹2.11 Cr | 3.13% |
Risk & Performance Ratios
Standard Deviation
This fund
--
Cat. avg.
12.69%
Lower the better
Sharpe Ratio
This fund
--
Cat. avg.
1.00
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.89
Higher the better
Fund Managers
Aditya Mulki
Since March 2023
Ashutosh Shirwaikar
Since December 2023
Additional Scheme Detailsas of 31st August 2024
ISIN INF959L01GR6 | Expense Ratio 0.10% | Exit Load No Charges | Fund Size ₹67 Cr | Age 1 year 6 months | Lumpsum Minimum ₹500 | Fund Status Open Ended Investment Company | Benchmark Nifty 50 TRI TR IDR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar ELSS (Tax Savings) Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Tata India Tax Savings Fund Direct Growth Very High Risk | 0.7% | 0.0% | ₹4806.05 Cr | 39.6% |
| Tata India Tax Savings Fund Regular Growth Very High Risk | 1.8% | 0.0% | ₹4806.05 Cr | 38.1% |
| Axis Long Term Equity Fund Regular Growth Very High Risk | 1.5% | 0.0% | ₹39252.74 Cr | 36.0% |
| Parag Parikh Tax Saver Fund Direct Growth Very High Risk | 0.6% | 0.0% | ₹4152.25 Cr | 36.6% |
| Parag Parikh Tax Saver Fund Regular Growth Very High Risk | 1.7% | 0.0% | ₹4152.25 Cr | 35.1% |
| Shriram Long Term Equity Fund Direct Growth Very High Risk | 0.7% | 0.0% | ₹56.61 Cr | 44.3% |
| Shriram Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹56.61 Cr | 42.0% |
| ITI Long Term Equity Fund Direct Growth Very High Risk | 0.5% | 0.0% | ₹398.29 Cr | 56.7% |
| ITI Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹398.29 Cr | 53.9% |
| Sundaram Diversified Equity Regular Growth Very High Risk | 2.2% | 0.0% | ₹1673.99 Cr | 28.1% |
About the AMC
Navi Mutual Fund
Total AUM
₹6,986 Cr
Address
3rd Floor, Kolkata, 700 069
Other Funds by Navi Mutual Fund
Risk Level
Your principal amount will be at Very High Risk
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Still got questions?
We're here to help.
What is the current NAV of Navi ELSS Tax Saver Nifty 50 Index Fund Direct Growth?
The NAV of Navi ELSS Tax Saver Nifty 50 Index Fund Direct Growth, as of 09-Oct-2024, is ₹14.92.
What is the portfolio composition of Navi ELSS Tax Saver Nifty 50 Index Fund Direct Growth?
The fund's allocation of assets is distributed as 99.78% in equities, 0.00% in bonds, and 0.22% in cash and cash equivalents.
Who manages the Navi ELSS Tax Saver Nifty 50 Index Fund Direct Growth?
The fund managers responsible for Navi ELSS Tax Saver Nifty 50 Index Fund Direct Growth are:-
- Aditya Mulki
- Ashutosh Shirwaikar
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.