Previously Known As : Nippon India Tax Saver (Elss) Fund
Nippon India Elss Tax Saver Fund Datagrid
Category ELSS (Tax Saving) Fund
BMSMONEY Rank 7
Rating
Growth Option 13-03-2026
NAV ₹121.72(R) -2.15% ₹134.2(D) -2.15%
Returns 1Y 3Y 5Y 7Y 10Y
Lumpsum Regular 9.73% 16.52% 13.89% 12.08% 11.57%
Direct 10.48% 17.31% 14.68% 12.86% 12.41%
Nifty 500 TRI 7.03% 15.05% 12.45% 13.56% 14.3%
SIP (XIRR) Regular -6.41% 6.83% 11.13% 14.06% 11.66%
Direct -5.75% 7.6% 11.92% 14.88% 12.44%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
0.95 0.48 0.64 0.94% -0.41
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
12.89% -17.22% -18.85% 0.97 9.28%
Fund AUM As on: 30/12/2025 15395 Cr
Top ELSS (Tax Saving) Fund
Fund Name Rank Rating
SBI ELSS Tax Saver Fund 1
DSP ELSS Tax Saver Fund 2
HDFC ELSS Tax Saver 3
Baroda BNP Paribas ELSS Tax Saver Fund 4
Mirae Asset ELSS Tax Saver Fund 5
HSBC Elss Tax Saver Fund 6
Nippon India ELSS Tax Saver Fund 7
Tata ELSS Fund 8

NAV Date: 13-03-2026

Scheme Name NAV Rupee Change Percent Change
NIPPON INDIA TAX SAVER (ELSS) FUND - ANNUAL IDCW Option 19.1
-0.4200
-2.1500%
NIPPON INDIA TAX SAVER (ELSS) FUND - DIRECT Plan - ANNUAL IDCW Option 20.96
-0.4600
-2.1500%
NIPPON INDIA TAX SAVER (ELSS) FUND - IDCW Option 31.62
-0.7000
-2.1500%
NIPPON INDIA TAX SAVER (ELSS) FUND - DIRECT Plan - IDCW Option 42.47
-0.9300
-2.1500%
Nippon India Tax Saver (ELSS) Fund-Growth Plan-Growth Option 121.72
-2.6800
-2.1500%
Nippon India Tax Saver Fund - Direct Plan Growth Plan - Growth Option 134.2
-2.9500
-2.1500%

Review Date: 13-03-2026

Beginning of Analysis

In the ELSS (Tax Saving) Fund category, Nippon India ELSS Tax Saver Fund is the 12th ranked fund. The category has total 35 funds. The 4 star rating shows a very good past performance of the Nippon India ELSS Tax Saver Fund in ELSS (Tax Saving) Fund. The fund has a Jensen Alpha of 0.94% which is higher than the category average of -1.0%. Here the fund has shown very good performance in terms of risk adjusted returns. The fund has a Sharpe Ratio of 0.95 which is higher than the category average of 0.8.
The past performance of the fund may or may not be sustained in the future. The review is not investment advice nor is it a recommendation to buy or sell funds. The ranking is based on proprietary methodology developed by bmsmoney. The methodology is based on the past performance of the funds and does not guarantee future performance.
ELSS (Tax Saving) Mutual Funds are ideal for taxpayers seeking to save taxes under Section 80C while aiming for long-term wealth creation through equity investments. These funds offer a tax deduction of up to ₹1.5 lakh per financial year and have the shortest lock-in period of 3 years among all Section 80C options. However, being equity-oriented, they are subject to market risks and do not offer guaranteed returns. Investors should have a long-term investment horizon and a moderate to high risk tolerance to invest in ELSS funds. Additionally, the tax implications of long-term capital gains should be considered.

Nippon India ELSS Tax Saver Fund Return Analysis

The Nippon India ELSS Tax Saver Fund has delivered a mixed performance across various time horizons, showcasing both strengths and challenges when compared to its ELSS (Tax Saving) Fund peers and the Nifty 500 TRI benchmark. This analysis examines the fund’s returns over periods ranging from one month to ten years, alongside its Systematic Investment Plan (SIP) performance, highlighting its rankings within the ELSS (Tax Saving) Fund category and its ability to outperform or underperform the benchmark and category averages.

  • The fund has given a return of -6.68%, -6.93 and -5.58 in last one, three and six months respectively. In the same period the category average return was -8.23%, -9.81% and -8.42% respectively.
  • Nippon India ELSS Tax Saver Fund has given a return of 10.48% in last one year. In the same period the Nifty 500 TRI return was 7.03%. The fund has given 3.45% more return than the benchmark return.
  • The fund has given a return of 17.31% in last three years and rank 10th out of thirty eight funds in the category. In the same period the Nifty 500 TRI return was 15.05%. The fund has given 2.26% more return than the benchmark return.
  • Nippon India ELSS Tax Saver Fund has given a return of 14.68% in last five years and category average returns is 13.18% in same period. The fund ranked 9th out of thirty two funds in the category. In the same period the Nifty 500 TRI return was 12.45%. The fund has given 2.23% more return than the benchmark return.
  • The fund has given a return of 12.41% in last ten years and ranked 25th out of twenty seven funds in the category. In the same period the Nifty 500 TRI return was 14.3%. The fund has given 1.89% less return than the benchmark return.
  • The fund has given a SIP return of -5.75% in last one year whereas category average SIP return is -11.02%. The fund one year return rank in the category is 3rd in 42 funds
  • The fund has SIP return of 7.6% in last three years and ranks 8th in 38 funds. Motilal Oswal ELSS Tax Saver Fund has given the highest SIP return (9.05%) in the category in last three years.
  • The fund has SIP return of 11.92% in last five years whereas category average SIP return is 9.96%.

Nippon India ELSS Tax Saver Fund Risk Analysis

  • The fund has a standard deviation of 12.89 and semi deviation of 9.28. The category average standard deviation is 12.95 and semi deviation is 9.5.
  • The fund has a Value at Risk (VaR) of -17.22 and a maximum drawdown of -18.85. The category average VaR is -16.62 and the maximum drawdown is -17.56. The fund has a beta of 0.97 which shows that fund is less volatile than the benchmark.

Standard deviation measures the fund's return volatility and Semi deviation focuses on downside volatility. Value at Risk (VaR) is a measure of the risk of investments. Maximum Drawdown is the maximum loss from a peak to a trough of a portfolio. Beta measures the volatility of the fund compared to the benchmark. A beta of 1 indicates that the fund will move in line with the benchmark. A beta of more than 1 indicates that the fund will be more volatile than the benchmark and vice versa.


  • Very Good Performance in ELSS (Tax Saving) Fund Category
  • Good Performance in ELSS (Tax Saving) Fund Category
  • Poor Performance in ELSS (Tax Saving) Fund Category
  • Very Poor Performance in ELSS (Tax Saving) Fund Category

    • Investors beware: Mutual Fund investments are subject to market risks. Please read the scheme related documents carefully.

    Data Source: www.amfiindia.com

    SEBI Categorization


    KPIs* Fund Nifty 500 TRI Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % -6.73 -8.21
    -8.32
    		-10.27 | -5.71 8 | 41 Very Good
    3M Return % -7.08 -9.72
    -10.07
    		-13.81 | -4.81 2 | 41 Very Good
    6M Return % -5.89 -7.62
    -8.96
    		-15.09 | -4.98 6 | 41 Very Good
    1Y Return % 9.73 7.03
    4.60
    		-1.87 | 9.79 2 | 41 Very Good
    3Y Return % 16.52 15.05
    14.08
    		4.62 | 20.76 8 | 38 Very Good
    5Y Return % 13.89 12.45
    11.92
    		7.13 | 17.21 7 | 32 Very Good
    7Y Return % 12.08 13.56
    13.00
    		8.75 | 20.86 18 | 30 Average
    10Y Return % 11.57 14.30
    13.79
    		10.68 | 19.80 24 | 26 Poor
    15Y Return % 12.89 12.36
    12.97
    		10.94 | 14.95 11 | 19 Average
    1Y SIP Return % -6.41
    -12.11
    		-20.64 | -5.69 2 | 41 Very Good
    3Y SIP Return % 6.83
    3.66
    		-6.30 | 7.95 6 | 38 Very Good
    5Y SIP Return % 11.13
    8.69
    		3.93 | 14.35 5 | 32 Very Good
    7Y SIP Return % 14.06
    12.38
    		7.33 | 18.44 8 | 30 Very Good
    10Y SIP Return % 11.66
    12.56
    		8.91 | 18.37 17 | 26 Average
    15Y SIP Return % 12.37
    13.29
    		11.16 | 18.06 14 | 20 Average
    Standard Deviation 12.89
    12.95
    		9.59 | 19.13 25 | 38 Average
    Semi Deviation 9.28
    9.50
    		6.93 | 14.90 23 | 38 Average
    Max Drawdown % -18.85
    -17.56
    		-28.24 | -9.56 29 | 38 Average
    VaR 1 Y % -17.22
    -16.62
    		-24.68 | -10.33 25 | 38 Average
    Average Drawdown % -7.45
    -5.73
    		-10.61 | -3.44 32 | 38 Poor
    Sharpe Ratio 0.95
    0.80
    		0.06 | 1.35 8 | 38 Very Good
    Sterling Ratio 0.64
    0.61
    		0.18 | 0.94 12 | 38 Good
    Sortino Ratio 0.48
    0.40
    		0.06 | 0.76 7 | 38 Very Good
    Jensen Alpha % 0.94
    -1.00
    		-12.52 | 5.83 8 | 37 Very Good
    Treynor Ratio -0.41
    -0.43
    		-0.60 | -0.31 11 | 37 Good
    Modigliani Square Measure % 18.36
    16.41
    		6.57 | 23.81 8 | 37 Very Good
    Alpha % -0.13
    -1.29
    		-10.64 | 7.62 13 | 37 Good
    Return data last Updated On : March 13, 2026.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Feb. 27, 2026
    KPIs: Key Performance Indicators

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    KPIs* Fund Nifty 500 TRI Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % -6.68 -8.21 -8.23 -10.19 | -5.66 8 | 42 Very Good
    3M Return % -6.93 -9.72 -9.81 -13.57 | -4.54 2 | 42 Very Good
    6M Return % -5.58 -7.62 -8.42 -14.61 | -4.21 8 | 42 Very Good
    1Y Return % 10.48 7.03 5.85 -0.71 | 11.15 3 | 42 Very Good
    3Y Return % 17.31 15.05 15.32 6.13 | 22.20 10 | 38 Very Good
    5Y Return % 14.68 12.45 13.18 7.96 | 18.83 9 | 32 Good
    7Y Return % 12.86 13.56 14.25 9.65 | 22.65 21 | 30 Average
    10Y Return % 12.41 14.30 14.90 11.78 | 21.12 25 | 27 Poor
    1Y SIP Return % -5.75 -11.02 -19.68 | -4.51 3 | 42 Very Good
    3Y SIP Return % 7.60 4.85 -4.87 | 9.05 8 | 38 Very Good
    5Y SIP Return % 11.92 9.96 5.76 | 15.15 5 | 32 Very Good
    7Y SIP Return % 14.88 13.68 9.29 | 20.24 8 | 30 Very Good
    10Y SIP Return % 12.44 13.69 9.84 | 19.97 18 | 27 Average
    Standard Deviation 12.89 12.95 9.59 | 19.13 25 | 38 Average
    Semi Deviation 9.28 9.50 6.93 | 14.90 23 | 38 Average
    Max Drawdown % -18.85 -17.56 -28.24 | -9.56 29 | 38 Average
    VaR 1 Y % -17.22 -16.62 -24.68 | -10.33 25 | 38 Average
    Average Drawdown % -7.45 -5.73 -10.61 | -3.44 32 | 38 Poor
    Sharpe Ratio 0.95 0.80 0.06 | 1.35 8 | 38 Very Good
    Sterling Ratio 0.64 0.61 0.18 | 0.94 12 | 38 Good
    Sortino Ratio 0.48 0.40 0.06 | 0.76 7 | 38 Very Good
    Jensen Alpha % 0.94 -1.00 -12.52 | 5.83 8 | 37 Very Good
    Treynor Ratio -0.41 -0.43 -0.60 | -0.31 11 | 37 Good
    Modigliani Square Measure % 18.36 16.41 6.57 | 23.81 8 | 37 Very Good
    Alpha % -0.13 -1.29 -10.64 | 7.62 13 | 37 Good
    Return data last Updated On : March 13, 2026.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Feb. 27, 2026
    KPIs: Key Performance Indicators

    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.


    Date Nippon India Elss Tax Saver Fund NAV Regular Growth Nippon India Elss Tax Saver Fund NAV Direct Growth
    13-03-2026 121.7225 134.1952
    12-03-2026 124.3985 137.1429
    11-03-2026 124.7736 137.5539
    10-03-2026 125.8936 138.786
    09-03-2026 123.94 136.6297
    06-03-2026 126.0604 138.9594
    05-03-2026 127.1419 140.149
    04-03-2026 125.5912 138.4371
    02-03-2026 127.6554 140.7072
    27-02-2026 129.745 143.0024
    26-02-2026 131.2937 144.7067
    25-02-2026 131.0021 144.3826
    24-02-2026 130.3326 143.6421
    23-02-2026 131.264 144.6659
    20-02-2026 130.5846 143.909
    19-02-2026 130.3345 143.6308
    18-02-2026 132.4066 145.9116
    17-02-2026 131.7955 145.2354
    16-02-2026 131.3749 144.7692
    13-02-2026 130.5084 143.8063

    Fund Launch Date: 25/Jul/2005
    Fund Category: ELSS (Tax Saving) Fund
    Investment Objective: Seeks to maintain balance between large capcompanies and mid cap companies. Endeavors toinvest in potential leaders. Invest in companies withpotential of high growth prospects over medium term(2-3 years). Generally, the fund has two or three sectorcalls at a time. They are mostly in-line of emergingmarket trends. Small percentage of portfolio is investedin contrarian calls.Significant percent of outstanding equity of the schemeis invested in high conviction mid-cap companies.Significant allocation/exposure is taken in MultinationalCompanies (MNC ™s). Attempt to have a balancedportfolio on a macro basis, allocating to themes likeDomestic, Consumption & Defensive.
    Fund Description: An open ended equity linked saving scheme with astatutory lock in of 3 years and tax benefit.
    Fund Benchmark: S&P BSE 100 Total Return Index
    Source: Fund FactSheet

    Disclaimer: NO INVESTMENT ADVICE. The Content is for informational purposes only.