CASPeR Ranking #133
Navi ELSS Tax Saver Fund Direct Growth
NAV (Tue Sep 17 2024)
₹36
Returns (Since Inception)
16.80%
Category Average
18.79%
Rating
2
Allocation and Holdings
Asset class
Weightage
Financial Services
8.95%
Energy
4.16%
Communication Services
3.78%
Technology
7.14%
Industrials
3.48%
Healthcare
5.66%
Consumer Cyclical
2.81%
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Overall rating
Scheme Information
Fund name
Navi ELSS Tax Saver Fund Direct Growth
Minimum SIP
500
Risk Level
Very High Risk
AUM
₹67.26 Cr
ISIN
INF959L01CD5
Inception Date
Dec 30 2015
Standard Deviation
12.662
Beta
0.92
Sharpe Ratio
0.909
Benchmark
IISL Nifty 500 TR INR
Expense Ratio
0.370%
Exit Load
Nil
Risk
Very High Risk
Investment Objective
The Scheme will seek to invest predominantly in a diversified portfolio of equity and equity related instruments with the objective to provide investors with opportunities for capital appreciation and income generation along with the benefit of income tax deduction (under Section 80 C of the Income Tax Act, 1961) on their investments. Specified Investors in the Scheme are entitled to deductions of the amount invested in Units of the Scheme, subject to a maximum of ` 1,50,000/- under and in terms of Section 80 C (2) (xiii) of the Income Tax Act, 1961. Investment in this scheme would be subject to statutory lock-in period of 3 years from the date of allotment to be eligible for income tax benefit under section 80 C. There can be no assurance that the investment objective under the Scheme will be realized.
Fund Managers
Aditya Mulki
About the AMC
Navi AMC Limited
Phone Number
033-40185000/022-40635000Email Address
mf@navi.comCorporate Office Address
Peerless Mansion,3rd Floor,,1, Chowringhee SquareOverall AUM
₹67.26 Cr
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frequently asked questions
view all FAQsWhat is the current NAV of Navi ELSS Tax Saver Fund Direct Growth?
The NAV of Navi ELSS Tax Saver Fund Direct Growth is ₹36 as of Tue Sep 17 2024.
Net asset value, or NAV for short, is a mutual fund's cost per unit. Consider it the share price of a stock, but one that represents the total worth of all the investments made by the fund. This value affects how much you pay to invest or receive when redeeming units, and it changes every day based on changes in the market. Gaining insight into NAV enables you to evaluate a fund's performance and make wise investment choices.
Who is the fund manager of Navi ELSS Tax Saver Fund Direct Growth?
Aditya Mulki is the current fund manager of Navi ELSS Tax Saver Fund Direct Growth as on Wed Sep 18 2024. A fund manager's performance history, investment style and strategy, approach to risk management, tenure and experience, fees and charges, and alignment with investor goals all have an impact on the fund performance.
What is the expense ratio of Navi ELSS Tax Saver Fund Direct Growth?
The Expense Ratio of Navi ELSS Tax Saver Fund Direct Growth is 37.00% as of Wed Sep 18 2024 which means if you earn ₹50,000 worth returns on an investment in this fund then 37.00% of those returns will be retained by the AMC.
The annual fees you pay the mutual fund firm to manage your investments in that fund are known as the Expense Ratio. The Expense Ratio is deducted from the returns that the fund generates and expressed as a percentage of Assets Under Management (AUM).
Because a smaller portion of the gains will be retained, a fund with a lower expense ratio is always preferable because it will result in larger returns for you.
What is the minimum SIP amount of Navi ELSS Tax Saver Fund Direct Growth?
The minimum Systematic Investment Plan (SIP) amount required for Navi ELSS Tax Saver Fund Direct Growth is ₹500. A Systematic Investment Plan (SIP) is an investment approach in mutual funds where an investor selects a mutual fund scheme and invests a fixed amount at regular intervals. The SIP investment strategy involves investing a small amount consistently over time, as opposed to investing a large sum in a single instance. This method aims to potentially yield higher returns over the long term by leveraging the benefits of rupee cost averaging and compounding.
What is the minimum lump sum amount required to invest in Navi ELSS Tax Saver Fund Direct Growth?
To initiate a lump sum investment in Navi ELSS Tax Saver Fund Direct Growth, a minimum initial amount of ₹500 is necessary. This means that to participate in this investment option, investors must commit a starting sum of at least INR 5000. A lumpsum investment is a common approach to investing money in financial instruments such as mutual funds. This method involves investing a substantial sum of money in a financial instrument in a single transaction, as opposed to making multiple smaller payments over time.
What is risk category of the Navi ELSS Tax Saver Fund Direct Growth?
In accordance with SEBI regulations, mutual funds are required to disclose the risk associated with investing, categorized into five levels: (a) Low: Low risk to principal, (b) Moderately Low: Moderately low risk to principal, (c) Moderate: Moderate risk to principal, (d) Moderately High: Moderately high risk to principal, (e) High: High risk to principal. The risk category of Navi ELSS Tax Saver Fund Direct Growth is classified as Very High Risk.
What is the category of Navi ELSS Tax Saver Fund Direct Growth?
The category of the Navi ELSS Tax Saver Fund Direct Growth is Equity.