Navi Elss Tax Saver Fund Overview
Category ELSS (Tax Saving) Fund
BMSMONEY Rank 34
BMSMONEY Rating
Growth Option As On: 24-04-2024
NAV ₹26.13 (R) +0.43% ₹30.27 (D) +0.44%
Returns Gro. Opt. 1Y 3Y 5Y 7Y 10Y
LumpSum Reg. P 29.41% 15.79% 12.63% 10.74% -%
LumpSum Dir. P 31.91% 18.02% 14.72% 12.74% -%
SIP Reg. P 23.11% 13.98% 15.9% 13.39% -%
SIP Dir. P 25.54% 16.16% 18.12% 15.46% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
0.49 0.25 0.58 -1.25% 0.07
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
12.23% -14.83% -13.92% 0.88 8.71%

NAV Date: 24-04-2024

Scheme Name NAV Rupee Change Percent Change
Navi ELSS Tax Saver Fund - Regular Plan IDCW Payout 26.13
0.1100
0.4300%
Navi ELSS Tax Saver Fund- Regular Plan- Growth Option 26.13
0.1100
0.4300%
Navi ELSS Tax Saver Fund - Direct Plan IDCW Payout 29.9
0.1300
0.4400%
Navi ELSS Tax Saver Fund- Direct Plan- Growth Option 30.27
0.1300
0.4400%

Review Date: March 28, 2024

Performance of the Navi Elss Tax Saver Fund has been analyzed on 20 performance parameters. Out of eight return parameters, the fund has zero return parameters in first quartile; whereas zero risk parameters (out of five) in first quartile. Similarly zero risk-adjusted performance parameters are in first quartile. Based on this performance Navi Elss Tax Saver Fund has achieved 34 (out of 35 funds), which is poor rank in the ELSS (Tax Saving) Fund category. Essentially, among its peer group of similar types of funds, it stands in the very good position, a testament to its successful track record. The ELSS (Tax Saving) Fund category has 35 funds.
Our ranking methodology employs a composite performance score, taking into account the fund's return, risk, and risk-adjusted performance from the past three years. This composite performance score is then crucial in ranking the funds within the respective category.

The Navi Elss Tax Saver Fund has poor return performance, as all 1 year and above return parameters are below average in ELSS (Tax Saving) Fund category. The details are provided below.'
    '
  1. 1 Month Return%: One month return shows funds performance in very short period of time, the Navi Elss Tax Saver Fund has given return of -2.65% in last one month which is very poor as it is in the fourth quartile in ELSS (Tax Saving) Fund.
  2. 3 Month Return%: Three month return shows funds performance in short period of time, the Navi Elss Tax Saver Fund has given return of 0.62% in last three month which is very poor as it is in the fourth quartile in ELSS (Tax Saving) Fund.
  3. 1 Year Return%: The Navi Elss Tax Saver Fund has given return of 31.68% in last one year which is very poor as it is in the fourth quartile in ELSS (Tax Saving) Fund. The one year return rank of Navi Elss Tax Saver Fund is 34 in 35 funds. The investment of ₹ 10,000 in this fund would have become ₹ 13168.0 in one year.
  4. 3 Year Return%: The Navi Elss Tax Saver Fund has given return of 14.21% in last three year which is very poor as it is in the fourth quartile with rank of 30 in 33 funds. in ELSS (Tax Saving) Fund.
  5. 5 Year Return%: The Navi Elss Tax Saver Fund has given return of 12.02% in last five year which is very poor as it is in the fourth quartile with rank of 30 in 31 funds. in ELSS (Tax Saving) Fund.
  6. 1 Year SIP Return%: The Navi Elss Tax Saver Fund has given return of 5.12% in last one year which is very poor as it is in the fourth quartile with rank of 34 in 35 funds. in ELSS (Tax Saving) Fund.
  7. 3 Year SIP Return%: The Navi Elss Tax Saver Fund has given return of 13.25% in last three year which is very poor as it is in the fourth quartile with rank of 30 in 33 funds. in ELSS (Tax Saving) Fund.
  8. 5 Year SIP Return%: The Navi Elss Tax Saver Fund has given return of 15.22% in last five year which is very poor as it is in the fourth quartile with rank of 29 in 31 funds. in ELSS (Tax Saving) Fund.
    9. '
'

The Navi Elss Tax Saver Fund has average risk performance, as more than 25% risk parameters are above average ELSS (Tax Saving) Fund category. The details are provided below. '
    '
  1. Standard Deviation: It is a measure of the dispersion of a set of data from its mean. It is calculated as the square root of variance by determining the variation between each data point relative to the mean. The higher the standard deviation, the greater the risk. The Navi Elss Tax Saver Fund has standard deviation of 12.23 which is good as it is above average with risk rank of 11 in 33 funds. in ELSS (Tax Saving) Fund.
  2. Semi Deviation: It is a measure of the dispersion of a set of data from its mean. It is calculated as the square root of variance by determining the variation between each data point relative to the mean. The higher the semi-deviation, the greater the risk. It uses only negative returns for calculation. The Navi Elss Tax Saver Fund has semi deviation of 8.71 which is good as it is above average with risk rank of 17 in 33 funds. in ELSS (Tax Saving) Fund.
  3. Max Drawdown %: It is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained. The Navi Elss Tax Saver Fund has max drawdown of -13.92% which is very poor as it is in the fourth quartile with risk rank of 26 in 33 funds. in ELSS (Tax Saving) Fund.
  4. 1Y VaR at 95%: It is the maximum expected loss of an investment over a given time period with a given probability of confidence. The Navi Elss Tax Saver Fund has 1Y VaR at 95% of -14.83% which is very poor as it is in the fourth quartile with risk rank of 26 in 33 funds. in ELSS (Tax Saving) Fund.
  5. Average Drawdown %: It is the average of the drawdowns over a period of time. The Navi Elss Tax Saver Fund has average drawdown of -5.36% which is very poor as it is in the fourth quartile with risk rank of 27 in 33 funds. in ELSS (Tax Saving) Fund.
    6. '
'

The Navi Elss Tax Saver Fund has poor risk adjusted performance, as non of above risk adjusted paramerters are above average in ELSS (Tax Saving) Fund category. The details are provided below. '
    '
  1. Sterling Ratio: It is a measure of risk-adjusted return. The Navi Elss Tax Saver Fund has Sterling Ratio of 0.58 which is very poor as it is in the fourth quartile with risk rank of 29 in 33 funds. in ELSS (Tax Saving) Fund.
  2. Sortino Ratio: It is a measure of risk-adjusted return. The Navi Elss Tax Saver Fund has Sortino Ratio of 0.25 which is very poor as it is in the fourth quartile with risk rank of 31 in 33 funds. in ELSS (Tax Saving) Fund.
  3. Jensen Alpha %: It is a measure of risk-adjusted return. The Navi Elss Tax Saver Fund has Jensen Alpha of -1.25% which is very poor as it is in the fourth quartile with risk rank of 29 in 33 funds. in ELSS (Tax Saving) Fund.
  4. Treynor Ratio: It is a measure of risk-adjusted return. The Navi Elss Tax Saver Fund has Treynor Ratio of 0.07 which is very poor as it is in the fourth quartile with risk rank of 31 in 33 funds. in ELSS (Tax Saving) Fund.
  5. Modigliani Square Measure %: It is a measure of risk-adjusted return. The Navi Elss Tax Saver Fund has Modigliani Square Measure of 14.79% which is very poor as it is in the fourth quartile with risk rank of 31 in 33 funds. in ELSS (Tax Saving) Fund.
  6. Alpha %: It is a measure of risk-adjusted return. The Navi Elss Tax Saver Fund has Alpha of -3.27% which is very poor as it is in the fourth quartile with risk rank of 30 in 33 funds. in ELSS (Tax Saving) Fund.
    7. '
'


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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Better Than Cat. Avg In 1st Quartile In 4th Quartile
1M Return % 2.85
3.98
1.84 | 8.10 29 | 35
No
No
Yes
3M Return % 2.69
7.71
2.69 | 14.44 35 | 35
No
No
Yes
6M Return % 14.78
24.11
14.78 | 40.32 35 | 35
No
No
Yes
1Y Return % 29.41
40.33
24.96 | 61.05 33 | 35
No
No
Yes
3Y Return % 15.79
20.23
11.64 | 30.68 31 | 33
No
No
Yes
5Y Return % 12.63
17.53
10.55 | 31.90 30 | 31
No
No
Yes
7Y Return % 10.74
14.53
10.25 | 24.20 27 | 29
No
No
Yes
1Y SIP Return % 23.11
39.04
22.50 | 66.69 34 | 35
No
No
Yes
3Y SIP Return % 13.98
20.14
13.69 | 31.77 31 | 33
No
No
Yes
5Y SIP Return % 15.90
21.42
13.67 | 36.43 29 | 31
No
No
Yes
7Y SIP Return % 13.39
18.02
11.51 | 30.21 28 | 29
No
No
Yes
Standard Deviation 12.23
12.71
10.06 | 16.60 11 | 33
Yes
No
No
Semi Deviation 8.71
8.87
7.11 | 11.74 17 | 33
Yes
No
No
Max Drawdown % -13.92
-12.33
-22.81 | -6.28 26 | 33
No
No
Yes
VaR 1 Y % -14.83
-14.08
-20.17 | -11.38 26 | 33
No
No
Yes
Average Drawdown % -5.36
-4.86
-9.27 | -2.58 27 | 33
No
No
Yes
Sharpe Ratio 0.49
0.80
0.17 | 1.40 30 | 33
No
No
Yes
Sterling Ratio 0.58
0.85
0.35 | 1.55 29 | 33
No
No
Yes
Sortino Ratio 0.25
0.43
0.10 | 0.81 31 | 33
No
No
Yes
Jensen Alpha % -1.25
2.35
-7.38 | 15.75 29 | 33
No
No
Yes
Treynor Ratio 0.07
0.12
0.02 | 0.24 31 | 33
No
No
Yes
Modigliani Square Measure % 14.79
19.23
9.76 | 28.13 31 | 33
No
No
Yes
Alpha % -3.27
0.39
-8.49 | 13.92 30 | 33
No
No
Yes
Return data last Updated On : April 24, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : March 28, 2024
KPIs: Key Performance Indicators

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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Better Than Cat. Avg In 1st Quartile In 4th Quartile
1M Return % 3.01 4.07 1.88 | 8.21 27 | 35
No
No
Yes
3M Return % 3.17 8.00 3.17 | 14.78 35 | 35
No
No
Yes
6M Return % 15.92 24.78 15.92 | 41.01 35 | 35
No
No
Yes
1Y Return % 31.91 41.85 26.79 | 62.81 33 | 35
No
No
Yes
3Y Return % 18.02 21.60 12.54 | 32.73 30 | 33
No
No
Yes
5Y Return % 14.72 18.85 11.52 | 34.08 29 | 31
No
No
Yes
7Y Return % 12.74 15.75 11.29 | 25.81 26 | 29
No
No
Yes
1Y SIP Return % 25.54 40.54 24.35 | 68.40 33 | 35
No
No
Yes
3Y SIP Return % 16.16 21.46 14.55 | 32.62 28 | 33
No
No
Yes
5Y SIP Return % 18.12 22.77 14.60 | 38.63 29 | 31
No
No
Yes
7Y SIP Return % 15.46 19.23 12.45 | 32.09 26 | 29
No
No
Yes
Standard Deviation 12.23 12.71 10.06 | 16.60 11 | 33
Yes
No
No
Semi Deviation 8.71 8.87 7.11 | 11.74 17 | 33
Yes
No
No
Max Drawdown % -13.92 -12.33 -22.81 | -6.28 26 | 33
No
No
Yes
VaR 1 Y % -14.83 -14.08 -20.17 | -11.38 26 | 33
No
No
Yes
Average Drawdown % -5.36 -4.86 -9.27 | -2.58 27 | 33
No
No
Yes
Sharpe Ratio 0.49 0.80 0.17 | 1.40 30 | 33
No
No
Yes
Sterling Ratio 0.58 0.85 0.35 | 1.55 29 | 33
No
No
Yes
Sortino Ratio 0.25 0.43 0.10 | 0.81 31 | 33
No
No
Yes
Jensen Alpha % -1.25 2.35 -7.38 | 15.75 29 | 33
No
No
Yes
Treynor Ratio 0.07 0.12 0.02 | 0.24 31 | 33
No
No
Yes
Modigliani Square Measure % 14.79 19.23 9.76 | 28.13 31 | 33
No
No
Yes
Alpha % -3.27 0.39 -8.49 | 13.92 30 | 33
No
No
Yes
Return data last Updated On : April 24, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : March 28, 2024
KPIs: Key Performance Indicators

Investment Period Regular Direct
Return % Current Value of ₹ 10000 Return % Current Value of ₹ 10000
1D 0.43 ₹ 10043.0 0.44 ₹ 10044.0
1W 1.9 ₹ 10190.0 1.93 ₹ 10193.0
1M 2.85 ₹ 10285.0 3.01 ₹ 10301.0
3M 2.69 ₹ 10269.0 3.17 ₹ 10317.0
6M 14.78 ₹ 11478.0 15.92 ₹ 11592.0
1Y 29.41 ₹ 12941.0 31.91 ₹ 13191.0
3Y 15.79 ₹ 15524.0 18.02 ₹ 16440.0
5Y 12.63 ₹ 18123.0 14.72 ₹ 19872.0
7Y 10.74 ₹ 20424.0 12.74 ₹ 23153.0
10Y - ₹ - - ₹ -
15Y - ₹ - - ₹ -

Disclaimer: Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Returns for periods above 1 year are annualised.

Investment Period Invested Amount Regular Direct
XIRR % Current Value of Invested Amount XIRR % Current Value of Invested Amount
1Y ₹ 12000 23.1058 ₹ 13451.76 25.5362 ₹ 13599.564
3Y ₹ 36000 13.9809 ₹ 44329.86 16.1585 ₹ 45732.924
5Y ₹ 60000 15.9032 ₹ 89315.28 18.1193 ₹ 94298.82
7Y ₹ 84000 13.3916 ₹ 135388.932 15.4575 ₹ 145753.02
10Y ₹ 120000 - ₹ - - ₹ -
15Y ₹ 180000 - ₹ - - ₹ -


Date NAV Regular Growth NAV Direct Growth
24-04-2024 26.1324 30.2651
23-04-2024 26.0199 30.1331
22-04-2024 25.9481 30.0484
19-04-2024 25.7543 29.8195
18-04-2024 25.6457 29.6921
16-04-2024 25.7936 29.8603
15-04-2024 25.8484 29.9222
12-04-2024 26.1873 30.3098
09-04-2024 26.217 30.3394
08-04-2024 26.2998 30.4337
05-04-2024 26.1983 30.3115
04-04-2024 26.1669 30.2737
03-04-2024 26.0651 30.1543
02-04-2024 25.9772 30.051
01-04-2024 25.8765 29.933
28-03-2024 25.5974 29.604
27-03-2024 25.4416 29.4223
26-03-2024 25.4071 29.3809
22-03-2024 25.4234 29.3937
21-03-2024 25.3408 29.2967
20-03-2024 25.1063 29.0241
19-03-2024 25.1914 29.1209
18-03-2024 25.5006 29.4769
15-03-2024 25.5113 29.4846
14-03-2024 25.5809 29.5636
13-03-2024 25.2839 29.2189
12-03-2024 25.8995 29.9287
11-03-2024 26.0775 30.1328
07-03-2024 26.2751 30.3548
06-03-2024 26.139 30.1961
05-03-2024 26.0862 30.1335
04-03-2024 26.1817 30.2423
01-03-2024 26.1824 30.2384
29-02-2024 26.0612 30.0969
28-02-2024 26.0794 30.1164
27-02-2024 26.2942 30.3628
26-02-2024 26.2606 30.3225
23-02-2024 26.3393 30.4087
22-02-2024 26.1905 30.2352
21-02-2024 26.0285 30.0467
20-02-2024 26.1838 30.2245
19-02-2024 26.1221 30.1516
16-02-2024 26.1195 30.1439
15-02-2024 25.8579 29.8406
14-02-2024 25.7704 29.7381
13-02-2024 25.7885 29.7573
12-02-2024 25.6053 29.5445
09-02-2024 25.8715 29.847
08-02-2024 25.8915 29.8685
07-02-2024 26.0082 30.0016
06-02-2024 25.9885 29.9773
05-02-2024 25.7297 29.6773
02-02-2024 25.8377 29.7972
01-02-2024 25.792 29.7429
31-01-2024 25.9086 29.876
30-01-2024 25.6168 29.5379
29-01-2024 25.7488 29.6885
25-01-2024 25.4473 29.3349
24-01-2024 25.5924 29.5006
23-01-2024 25.391 29.2669
19-01-2024 25.7469 29.6711
18-01-2024 25.4703 29.3508
17-01-2024 25.5212 29.4079
16-01-2024 25.8234 29.7546
15-01-2024 26.0025 29.9594
12-01-2024 25.8077 29.7303
11-01-2024 25.5771 29.4632
10-01-2024 25.4835 29.3539
09-01-2024 25.4464 29.3096
08-01-2024 25.3453 29.1916
05-01-2024 25.6128 29.4952
04-01-2024 25.5357 29.4048
03-01-2024 25.294 29.125
02-01-2024 25.429 29.279
01-01-2024 25.4899 29.3476
29-12-2023 25.4388 29.2842
28-12-2023 25.3733 29.2073
27-12-2023 25.2906 29.1106
26-12-2023 25.092 28.8805
22-12-2023 25.0206 28.7923
21-12-2023 24.8613 28.6076
20-12-2023 24.7593 28.4887
19-12-2023 25.2161 29.0128
18-12-2023 25.2455 29.0318
15-12-2023 25.2024 28.9778
14-12-2023 24.9808 28.7216
13-12-2023 24.7901 28.5008
12-12-2023 24.7509 28.4543
11-12-2023 24.8355 28.5501
08-12-2023 24.7913 28.4948
07-12-2023 24.7408 28.4353
06-12-2023 24.6732 28.3562
05-12-2023 24.5971 28.2672
04-12-2023 24.4578 28.1057
01-12-2023 24.1437 27.7404
30-11-2023 24.0832 27.6695
29-11-2023 23.9462 27.5107
28-11-2023 23.7029 27.2298
24-11-2023 23.6805 27.1984
23-11-2023 23.6961 27.2149
22-11-2023 23.7367 27.2602
21-11-2023 23.7286 27.2494
20-11-2023 23.6237 27.1276
17-11-2023 23.628 27.1283
16-11-2023 23.6793 27.1858
15-11-2023 23.5703 27.0593
13-11-2023 23.325 26.7749
10-11-2023 23.3039 26.7465
09-11-2023 23.2705 26.7068
08-11-2023 23.3484 26.7949
07-11-2023 23.2632 26.6956
06-11-2023 23.2326 26.6592
03-11-2023 23.0435 26.4382
02-11-2023 22.9293 26.3058
01-11-2023 22.7746 26.127
31-10-2023 22.8059 26.1615
30-10-2023 22.9252 26.297
27-10-2023 22.8816 26.2428
26-10-2023 22.5714 25.8858
25-10-2023 22.7667 26.1084
23-10-2023 23.0101 26.3848
20-10-2023 23.5341 26.9814
19-10-2023 23.568 27.0189
18-10-2023 23.6874 27.1545
17-10-2023 23.7343 27.2068
16-10-2023 23.6475 27.1059
13-10-2023 23.5808 27.0252
12-10-2023 23.5215 26.9559
11-10-2023 23.4976 26.9271
10-10-2023 23.3563 26.7638
09-10-2023 23.1598 26.5373
06-10-2023 23.3275 26.7254
05-10-2023 23.2816 26.6713
04-10-2023 23.2175 26.5965
03-10-2023 23.4493 26.8607
29-09-2023 23.4274 26.8301
27-09-2023 23.5199 26.9329
26-09-2023 23.4421 26.8424
25-09-2023 23.4152 26.8103
22-09-2023 23.4195 26.811
21-09-2023 23.5597 26.9702
20-09-2023 23.7794 27.2202
18-09-2023 24.0063 27.4773
15-09-2023 24.124 27.6076
14-09-2023 24.0827 27.5589
13-09-2023 23.9431 27.3978
12-09-2023 23.817 27.2521
11-09-2023 24.1164 27.5933
08-09-2023 24.0223 27.4813
07-09-2023 23.8983 27.338
06-09-2023 23.8139 27.2401
05-09-2023 23.7735 27.1924
04-09-2023 23.672 27.0749
01-09-2023 23.5549 26.9369
31-08-2023 23.3474 26.6982
30-08-2023 23.2327 26.5657
29-08-2023 23.1356 26.4533
28-08-2023 23.0843 26.3932
25-08-2023 23.0176 26.313
24-08-2023 23.1416 26.4533
23-08-2023 23.202 26.521
22-08-2023 23.0794 26.3795
21-08-2023 22.9954 26.2821
18-08-2023 22.9249 26.1974
17-08-2023 23.0642 26.3554
16-08-2023 23.065 26.3549
14-08-2023 23.0033 26.2816
11-08-2023 23.024 26.3011
10-08-2023 23.1272 26.4176
09-08-2023 23.2455 26.5514
08-08-2023 23.2315 26.534
07-08-2023 23.1968 26.493
04-08-2023 23.133 26.416
03-08-2023 23.0523 26.3225
02-08-2023 23.1189 26.3972
01-08-2023 23.416 26.735
31-07-2023 23.4758 26.8019
28-07-2023 23.3217 26.622
27-07-2023 23.2554 26.5449
26-07-2023 23.2486 26.5357
25-07-2023 23.2374 26.5216
24-07-2023 23.1793 26.4539
21-07-2023 23.1002 26.3604
20-07-2023 23.3005 26.5877
19-07-2023 23.1693 26.4366
18-07-2023 23.0446 26.293
17-07-2023 23.0047 26.2461
14-07-2023 22.8728 26.0916
13-07-2023 22.7152 25.9105
12-07-2023 22.66 25.8462
11-07-2023 22.6735 25.8603
10-07-2023 22.5175 25.681
07-07-2023 22.4388 25.5872
06-07-2023 22.5065 25.6631
05-07-2023 22.3542 25.4881
04-07-2023 22.3481 25.4798
03-07-2023 22.4209 25.5615
30-06-2023 22.3428 25.4685
28-06-2023 22.1701 25.2691
27-06-2023 22.0268 25.1044
26-06-2023 21.8841 24.9404
23-06-2023 21.7947 24.8347
22-06-2023 21.9664 25.0291
21-06-2023 22.0439 25.1162
20-06-2023 22.087 25.164
19-06-2023 22.077 25.1512
16-06-2023 22.0913 25.1636
15-06-2023 21.9243 24.9722
14-06-2023 21.9684 25.0211
13-06-2023 21.935 24.9818
12-06-2023 21.7788 24.8025
09-06-2023 21.7691 24.7877
08-06-2023 21.7482 24.7626
07-06-2023 21.8638 24.8929
06-06-2023 21.6503 24.6486
05-06-2023 21.5676 24.5532
02-06-2023 21.4509 24.4165
01-06-2023 21.339 24.2879
31-05-2023 21.3012 24.2436
30-05-2023 21.2719 24.209
29-05-2023 21.1684 24.09
26-05-2023 21.1352 24.0484
25-05-2023 20.9732 23.8634
24-05-2023 20.9504 23.8363
23-05-2023 20.9881 23.8779
22-05-2023 20.9214 23.8008
19-05-2023 20.8775 23.748
18-05-2023 20.8029 23.6619
17-05-2023 20.8612 23.7269
16-05-2023 20.9192 23.7917
15-05-2023 20.9745 23.8534
12-05-2023 20.9002 23.7652
11-05-2023 20.8279 23.6818
10-05-2023 20.7519 23.5941
09-05-2023 20.7248 23.5621
08-05-2023 20.7501 23.5897
05-05-2023 20.5431 23.3507
04-05-2023 20.7184 23.5487
03-05-2023 20.5657 23.374
02-05-2023 20.5848 23.3945
28-04-2023 20.493 23.2854
27-04-2023 20.3118 23.0782
26-04-2023 20.1938 22.943
25-04-2023 20.1528 22.8952
24-04-2023 20.1019 22.8362

Fund Launch Date: 09/Nov/2015
Fund Category: ELSS (Tax Saving) Fund
Investment Objective: The Scheme will seek to invest predominantly in a diversified portfolio of equity and equity relatedinstruments with the objective to provide investors with opportunities for capital appreciation andincome generation along with the benefit of income tax deduction (under Section 80 C of theIncome Tax Act, 1961) on their investments. Specified Investors in the Scheme are entitled todeductions of the amount invested in Units of the Scheme, subject to a maximum of Rs 1,50,000/-under and in terms of Section 80 C (2) (xiii) of the Income Tax Act, 1961. Investment in thisscheme would be subject to statutory lock-in period of 3 years from the date of allotment to beeligible for income tax benefit under section 80 C. There can be no assurance that the investmentobjective under the Scheme will be realized.
Fund Description: An open ended equity linked saving scheme with astatutory lock in of 3 years and tax benefit
Fund Benchmark: S&P BSE100 Total Return Index
Source: Fund FactSheet

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