Previously Known As : Nippon India Tax Saver (Elss) Fund
Nippon India Elss Tax Saver Fund Datagrid
Category ELSS (Tax Saving) Fund
BMSMONEY Rank 8
Rating
Growth Option 27-10-2026
NAV ₹123.55(R) +0.73% ₹136.78(D) +0.73%
Returns 1Y 3Y 5Y 7Y 10Y
Lumpsum Regular -6.5% 11.1% 9.11% 13.21% 9.29%
Direct -5.87% 11.85% 9.87% 14.0% 10.11%
Benchmark
SIP (XIRR) Regular -7.59% 1.37% 8.57% 12.02% 10.68%
Direct -6.96% 2.08% 9.35% 12.84% 11.46%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
0.55 0.27 0.5 0.56% 0.09
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
15.05% -21.43% -18.85% 0.97 10.88%
Fund AUM As on: 30/12/2025 15395 Cr
Top ELSS (Tax Saving) Fund
Fund Name Rank Rating
Motilal Oswal ELSS Tax Saver Fund 1
quant Elss Tax Saver Fund 2
SBI ELSS Tax Saver Fund 3
Baroda BNP Paribas ELSS Tax Saver Fund 4
HSBC Elss Tax Saver Fund 5
Whiteoak Capital Elss Tax Saver Fund 6
JM ELSS Tax Saver Fund 7
Nippon India ELSS Tax Saver Fund 8

NAV Date: 27-10-2026

Scheme Name NAV Rupee Change Percent Change
NIPPON INDIA ELSS TAX SAVER FUND - ANNUAL IDCW Option 19.38
0.1400
0.7300%
NIPPON INDIA ELSS TAX SAVER FUND - DIRECT Plan - ANNUAL IDCW Option 21.37
0.1600
0.7300%
NIPPON INDIA ELSS TAX SAVER FUND - IDCW Option 32.09
0.2300
0.7300%
NIPPON INDIA ELSS TAX SAVER FUND - DIRECT Plan - IDCW Option 43.29
0.3200
0.7300%
Nippon India ELSS Tax Saver Fund-Growth Plan-Growth Option 123.55
0.9000
0.7300%
Nippon India ELSS Tax Saver Fund - Direct Plan Growth Plan - Growth Option 136.78
1.0000
0.7300%

Review Date: 27-10-2026

Beginning of Analysis

Nippon India ELSS Tax Saver Fund is the 12th ranked fund in the ELSS (Tax Saving) Fund category. The category has total 35 funds. The Nippon India ELSS Tax Saver Fund has shown a very good past performence in ELSS (Tax Saving) Fund. The fund has a Jensen Alpha of 0.56% which is higher than the category average of -0.29%. Here the fund has shown good performance in terms of risk adjusted returns. The fund has a Sharpe Ratio of 0.55 which is higher than the category average of 0.38.
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 -1.99%, -5.23 and -4.83 in last one, three and six months respectively. In the same period the category average return was -2.34%, -4.99% and -2.8% respectively.
  • Nippon India ELSS Tax Saver Fund has given a return of -5.87% in last one year. In the same period the Nifty 500 TRI return was -2.0%. The fund has given 3.87% less return than the benchmark return.
  • The fund has given a return of 11.85% in last three years and rank 13th out of thirty nine funds in the category. In the same period the Nifty 500 TRI return was 9.99%. The fund has given 1.86% more return than the benchmark return.
  • Nippon India ELSS Tax Saver Fund has given a return of 9.87% in last five years and category average returns is 9.09% in same period. The fund ranked 11th out of thirty one funds in the category. In the same period the Nifty 500 TRI return was 10.13%. The fund has given 0.26% less return than the benchmark return.
  • The fund has given a return of 10.11% 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 12.97%. The fund has given 2.86% less return than the benchmark return.
  • The fund has given a SIP return of -6.96% in last one year whereas category average SIP return is -6.79%. The fund one year return rank in the category is 20th in 41 funds
  • The fund has SIP return of 2.08% in last three years and ranks 13th in 39 funds. Motilal Oswal ELSS Tax Saver Fund has given the highest SIP return (8.29%) in the category in last three years.
  • The fund has SIP return of 9.35% in last five years whereas category average SIP return is 8.49%.

Nippon India ELSS Tax Saver Fund Risk Analysis

  • The fund has a standard deviation of 15.05 and semi deviation of 10.88. The category average standard deviation is 15.39 and semi deviation is 11.37.
  • The fund has a Value at Risk (VaR) of -21.43 and a maximum drawdown of -18.85. The category average VaR is -22.63 and the maximum drawdown is -18.27. 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 Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % -2.04 -2.20
    -2.40
    		-6.82 | 0.01 18 | 40 Good
    3M Return % -5.39 -5.95
    -5.20
    		-7.98 | -1.67 24 | 40 Average
    6M Return % -5.15 -4.14
    -3.27
    		-7.56 | 3.48 34 | 40 Poor
    1Y Return % -6.50 -8.03
    -8.03
    		-13.65 | 2.44 12 | 40 Good
    3Y Return % 11.10 10.07
    9.49
    		1.61 | 18.23 12 | 39 Good
    5Y Return % 9.11 8.09
    7.91
    		3.69 | 14.05 7 | 31 Very Good
    7Y Return % 13.21 13.80
    13.30
    		8.80 | 22.41 15 | 31 Good
    10Y Return % 9.29 12.50
    11.95
    		8.81 | 17.75 24 | 26 Poor
    15Y Return % 13.12 12.99
    13.48
    		11.31 | 16.45 12 | 19 Average
    1Y SIP Return % -7.59
    -7.72
    		-13.82 | 3.24 19 | 40 Good
    3Y SIP Return % 1.37
    0.11
    		-4.22 | 7.00 10 | 39 Very Good
    5Y SIP Return % 8.57
    7.28
    		2.62 | 14.97 7 | 31 Very Good
    7Y SIP Return % 12.02
    10.60
    		5.53 | 17.14 7 | 31 Very Good
    10Y SIP Return % 10.68
    11.67
    		8.03 | 18.39 18 | 26 Average
    15Y SIP Return % 11.75
    12.88
    		10.12 | 18.80 15 | 20 Average
    Standard Deviation 15.05
    15.39
    		11.39 | 21.29 21 | 39 Average
    Semi Deviation 10.88
    11.37
    		8.48 | 15.53 17 | 39 Good
    Max Drawdown % -18.85
    -18.27
    		-28.24 | -14.41 28 | 39 Average
    VaR 1 Y % -21.43
    -22.63
    		-38.55 | -15.29 18 | 39 Good
    Average Drawdown % 10.78
    8.11
    		4.32 | 11.51 3 | 39 Very Good
    Sharpe Ratio 0.55
    0.38
    		-0.05 | 0.72 8 | 39 Very Good
    Sterling Ratio 0.50
    0.43
    		0.12 | 0.68 12 | 39 Good
    Sortino Ratio 0.27
    0.19
    		0.02 | 0.36 10 | 39 Very Good
    Jensen Alpha % 0.56
    -0.29
    		-8.12 | 6.11 16 | 38 Good
    Treynor Ratio 0.09
    0.07
    		-0.01 | 0.12 8 | 38 Very Good
    Modigliani Square Measure % 8.43
    6.01
    		-0.84 | 11.01 8 | 38 Very Good
    Alpha % 0.31
    -0.82
    		-8.52 | 6.66 14 | 38 Good
    Return data last Updated On : Oct. 27, 2026.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : June 30, 2026
    KPIs: Key Performance Indicators

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    KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % -1.99 -2.20 -2.34 -6.70 | 0.10 18 | 41 Good
    3M Return % -5.23 -5.95 -4.99 -7.59 | -1.43 24 | 41 Average
    6M Return % -4.83 -4.14 -2.80 -7.32 | 4.17 34 | 41 Poor
    1Y Return % -5.87 -8.03 -7.03 -12.68 | 3.45 15 | 41 Good
    3Y Return % 11.85 10.07 10.66 3.00 | 19.63 13 | 39 Good
    5Y Return % 9.87 8.09 9.09 4.63 | 15.42 11 | 31 Good
    7Y Return % 14.00 13.80 14.56 10.13 | 24.19 19 | 31 Average
    10Y Return % 10.11 12.50 13.01 9.38 | 19.13 25 | 27 Poor
    1Y SIP Return % -6.96 -6.79 -13.35 | 4.26 20 | 41 Good
    3Y SIP Return % 2.08 1.21 -2.62 | 8.29 13 | 39 Good
    5Y SIP Return % 9.35 8.49 4.28 | 16.40 11 | 31 Good
    7Y SIP Return % 12.84 11.88 7.42 | 18.79 10 | 31 Good
    10Y SIP Return % 11.46 12.76 8.88 | 20.00 19 | 27 Average
    Standard Deviation 15.05 15.39 11.39 | 21.29 21 | 39 Average
    Semi Deviation 10.88 11.37 8.48 | 15.53 17 | 39 Good
    Max Drawdown % -18.85 -18.27 -28.24 | -14.41 28 | 39 Average
    VaR 1 Y % -21.43 -22.63 -38.55 | -15.29 18 | 39 Good
    Average Drawdown % 10.78 8.11 4.32 | 11.51 3 | 39 Very Good
    Sharpe Ratio 0.55 0.38 -0.05 | 0.72 8 | 39 Very Good
    Sterling Ratio 0.50 0.43 0.12 | 0.68 12 | 39 Good
    Sortino Ratio 0.27 0.19 0.02 | 0.36 10 | 39 Very Good
    Jensen Alpha % 0.56 -0.29 -8.12 | 6.11 16 | 38 Good
    Treynor Ratio 0.09 0.07 -0.01 | 0.12 8 | 38 Very Good
    Modigliani Square Measure % 8.43 6.01 -0.84 | 11.01 8 | 38 Very Good
    Alpha % 0.31 -0.82 -8.52 | 6.66 14 | 38 Good
    Return data last Updated On : Oct. 27, 2026.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : June 30, 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
    27-10-2026 123.5478 136.7789
    26-10-2026 122.6487 135.781
    23-10-2026 121.7217 134.7473
    22-10-2026 122.9918 136.1509
    21-10-2026 123.9844 137.2471
    19-10-2026 125.2826 138.6792
    16-10-2026 127.055 140.6334
    15-10-2026 126.6827 140.2187
    14-10-2026 125.8556 139.3007
    13-10-2026 125.9215 139.371
    12-10-2026 124.7254 138.0447
    09-10-2026 124.9495 138.2851
    08-10-2026 123.8949 137.1155
    07-10-2026 126.2145 139.68
    06-10-2026 126.4875 139.9796
    05-10-2026 124.9569 138.2832
    01-10-2026 124.4087 137.6665
    30-09-2026 125.6013 138.9836
    29-09-2026 125.5221 138.8935
    28-09-2026 126.123 139.5558

    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.