NJ ELSS Tax Saver Scheme Regular - Growth
Unrated
NAV as of Jun 28, 2024
14.620.41%
- Growth - Regular
(Earn upto 1.83% Extra Returns with Direct Plan)
Fund Category:
Equity: ELSS
Expense Ratio:
2.32%(1.95% Category
average)Fund Size:
Rs. 197.31 Cr(0.09% of Investment in Category)
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NJ ELSS Tax Saver Scheme Regular - Growth
Unrated
NAV as of Jun 28, 2024
14.620.41%
Expense Ratio:
2.32%
Fund Size:
Rs. 197.31 Cr
Fund Category:
Equity: ELSS
NJ ELSS Tax Saver Scheme Regular - Growth Fund Key Highlights
1. Current NAV: The Current Net Asset Value of the NJ ELSS Tax Saver Scheme - Regular Plan as of Jun 28, 2024 is Rs 14.62 for Growth option of its Regular plan.
2. Returns: Its trailing returns over different time periods are: 44.18% (1yr) and 44.3% (since launch). Whereas, Category returns for the same time duration are: 39.61% (1yr), 19.97% (3yr) and 19.52% (5yr).
3. Fund Size: The NJ ELSS Tax Saver Scheme - Regular Plan currently holds Assets under Management worth of Rs 197.31 crore as on May 31, 2024.
4. Expense ratio: The expense ratio of the fund is 2.32% for Regular plan as on Jun 20, 2024.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 500 and minimum additional investment is Rs 500. Minimum SIP investment is Rs 500.
1. Current NAV: The Current Net Asset Value of the NJ ELSS Tax Saver Scheme - Regular Plan as of Jun 28, 2024 is Rs 14.62 for Growth option of its Regular plan.
2. Returns: Its trailing returns over different time periods are: 44.18% (1yr) and 44.3% (since launch). Whereas, Category returns for the same time duration are: 39.61% (1yr), 19.97% (3yr) and 19.52% (5yr).
3. Fund Size: The NJ ELSS Tax Saver Scheme - Regular Plan currently holds Assets under Management worth of Rs 197.31 crore as on May 31, 2024.
4. Expense ratio: The expense ratio of the fund is 2.32% for Regular plan as on Jun 20, 2024.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 500 and minimum additional investment is Rs 500. Minimum SIP investment is Rs 500.
NJ ELSS Tax Saver Scheme Regular - Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 7.90 10.17 13.16 44.18 - - Category Avg 7.07 12.54 17.83 39.61 19.97 19.52 Rank within Category 10 29 34 11 - - No. of funds within Category 38 38 38 38 33 31 - Loading...
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Return Comparison
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NJ ELSS Tax Saver Scheme Regular - Growth Fund Details
Investment Objective - The Scheme seeks to generate income and long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related instruments.
| Fund House | NJ Mutual Fund |
| Launch Date | Jun 16, 2023 |
| Benchmark | NIFTY 500 Total Return Index |
| Return Since Launch | 44.3% |
| Riskometer | Very High |
| Type | Open-ended |
| Risk Grade | - |
| Return Grade | - |
NJ ELSS Tax Saver Scheme Regular - Growth Investment Details
| Minimum Investment (Rs.) | 500.00 |
| Minimum Additional Investment (Rs.) | 500.00 |
| Minimum SIP Investment (Rs.) | 500.00 |
| Minimum Withdrawal (Rs.) | - |
| Exit Load | 0% |
Portfolio Allocation
Asset Allocation
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Asset Allocation History
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EquityDebtCash
Sector Allocation
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Market Cap Allocation
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Concentration & Valuation Analysis
| MAY 2024 | APR 2024 | MAR 2024 | FEB 2024 | JAN 2024 | DEC 2023 | |
|---|---|---|---|---|---|---|
| Number of Holdings | 25 | 25 | 25 | 25 | 25 | 25 |
| Top 5 Company Holdings | 31.58% | 28.34% | 25.23% | 24.56% | 24.51% | 23.15% |
| Top 10 Company Holdings | 51.84% | 50.27% | 46.84% | 46.55% | 45.89% | 43.7% |
| Company with Highest Exposure | Hindustan Aeronautics (8.23%) | Hindustan Aeronautics (6.58%) | Bajaj Auto (5.81%) | Hindustan Aeronautics (5.07%) | Nippon Life India Asset Management (5.19%) | Hindustan Aeronautics (4.88%) |
| Number of Sectors | 10 | 10 | 10 | 10 | 10 | 10 |
| Top 3 Sector Holdings | 57.63% | 58.64% | 59.09% | 61.34% | 62.34% | 63.38% |
| Top 5 Sector Holdings | 80.8% | 80.05% | 78.05% | 80.17% | 80.61% | 80.64% |
| Sector with Highest Exposure | Technology (28.24%) | Technology (30.14%) | Technology (32.36%) | Technology (34.39%) | Technology (34.36%) | Technology (35.91%) |
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) Hindustan Aeronautics Capital Goods 8.23 46.20 113.96 154.23 Bharat Electronics Capital Goods 6.83 56.12 5.45 135.31 Nippon Life India Asset Management Financial 5.83 - - - Bajaj Auto Automobile 5.73 34.41 276.10 105.03 Power Grid Corporation Of India Energy 4.96 19.76 16.74 68.42 HDFC AMC Financial 4.68 - - - Colgate-Palmolive (India) Consumer Staples 4.23 58.42 48.67 85.62 Mahanagar Gas Energy 4.03 12.36 129.21 34.70 ICICI Securities Financial 3.67 14.44 52.47 36.87 Britannia Industries Consumer Staples 3.65 61.64 88.84 11.99
Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y NJ ELSS Tax Saver Scheme Regular - Growth 14.62 Unrated 197.31 7.90 44.18 - - SBI Long Term Equity Fund Regular -Growth 420.99 23,887.64 6.70 56.92 27.73 24.04 Bank of India ELSS Tax Saver Fund Regular-Growth 171.86 1,326.57 6.62 58.08 24.01 27.31 Parag Parikh ELSS Tax Saver Fund Regular - Growth 28.66 3,454.03 5.71 32.33 21.29 - Quant ELSS Tax Saver Fund-Growth 398.71 9,860.39 4.04 57.65 27.08 33.18
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Risk Ratio data not available for this fund
NJ Mutual Fund News
Fund Manager
- D.P.Dhaval PatelSince Jun 20234 schemes
- V.S.Viral ShahSince Mar 20233 schemes
Mr. Patel has done IBS from Hyderabad Prior to joining NJ Mutual Fund, he has worked with Axis Mutual Fund, Credit Analysis & Research Ltd.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y NJ Overnight Fund Regular - Growth Overnight 1,125.23 176.15 6.65 NJ Flexi Cap Fund Regular - Growth Flexi Cap 14.19 Unrated 1,249.88 - NJ Arbitrage Fund Regular - Growth Arbitrage 11.29 Unrated 413.71 7.16 NJ Balanced Advantage Fund Regular - Growth Dynamic Asset Allocation 13.52 Unrated 3,860.71 28.40 Mr. Shah has done B.E. and MBA (Finance) Mr. Shah has started his career with NJ Group and has been Principal Officer for PMS segment with NJ Asset Management for more than 10 years.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y NJ Overnight Fund Regular - Growth Overnight 1,125.23 176.15 6.65 NJ Flexi Cap Fund Regular - Growth Flexi Cap 14.19 Unrated 1,249.88 - NJ Balanced Advantage Fund Regular - Growth Dynamic Asset Allocation 13.52 Unrated 3,860.71 28.40
More NJ Mutual Fund
| Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
|---|---|---|---|---|---|---|---|
| NJ Balanced Advantage Fund Regular - Growth | 3,860.71 | 3.70 | 6.07 | 11.42 | 28.54 | - | |
| NJ Flexi Cap Fund Regular - Growth | 1,249.88 | 6.50 | 10.16 | 19.10 | - | - | |
| NJ Arbitrage Fund Regular - Growth | 413.71 | 0.58 | 1.92 | 3.86 | 7.34 | - | |
| NJ ELSS Tax Saver Scheme Regular - Growth | 197.31 | 8.27 | 9.99 | 13.87 | - | - | |
| NJ Overnight Fund Regular - Growth | 176.15 | 0.56 | 1.62 | 3.26 | 6.65 | - |
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About NJ ELSS Tax Saver Scheme Regular - Growth
1. NJ ELSS Tax Saver Scheme - Regular Plan is Open-ended ELSS Equity scheme which belongs to NJ Mutual Fund House.
2. The fund was launched on Jun 16, 2023.
Investment objective & Benchmark
1. The investment objective of the fund is that " The Scheme seeks to generate income and long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related instruments. "
2. It is benchmarked against NIFTY 500 Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 99.36% in equities, 0.56% in debts and 0.08% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 51.84% of the assets, the top 3 sectors constitute around 57.63% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on NJ ELSS Tax Saver Scheme Regular - Growth
1. Short-term Capital Gain Tax - STCG is not applicable on ELSS schemes since these have a lock-in period of 3 years.
2. Investment into ELSS schemes qualify for tax deduction under Section 80C of the Indian Income Tax Act.
3. Gains of more than Rs. 1 lakh after completion of 3 years will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
1. NJ ELSS Tax Saver Scheme - Regular Plan is Open-ended ELSS Equity scheme which belongs to NJ Mutual Fund House.
2. The fund was launched on Jun 16, 2023.
Investment objective & Benchmark
1. The investment objective of the fund is that " The Scheme seeks to generate income and long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related instruments. "
2. It is benchmarked against NIFTY 500 Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 99.36% in equities, 0.56% in debts and 0.08% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 51.84% of the assets, the top 3 sectors constitute around 57.63% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on NJ ELSS Tax Saver Scheme Regular - Growth
1. Short-term Capital Gain Tax - STCG is not applicable on ELSS schemes since these have a lock-in period of 3 years.
2. Investment into ELSS schemes qualify for tax deduction under Section 80C of the Indian Income Tax Act.
3. Gains of more than Rs. 1 lakh after completion of 3 years will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
FAQs about NJ ELSS Tax Saver Scheme Regular - Growth
- Is it safe to invest in NJ ELSS Tax Saver Scheme - Regular Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the NJ ELSS Tax Saver Scheme - Regular Plan comes under Very High risk category.
- What is the category of NJ ELSS Tax Saver Scheme - Regular Plan?NJ ELSS Tax Saver Scheme - Regular Plan belongs to the Equity : ELSS category of funds.
- How Long should I Invest in NJ ELSS Tax Saver Scheme - Regular Plan?The suggested investment horizon of investing into NJ ELSS Tax Saver Scheme - Regular Plan is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the NJ ELSS Tax Saver Scheme - Regular Plan?The NJ ELSS Tax Saver Scheme - Regular Plan is managed by Dhaval Patel (Since Jun 19, 2023) and Viral Shah (Since Mar 13, 2023).
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