EquityELSSDirectIDCWVery High

Nippon India ELSS Tax Saver Fund

Q: What is the NAV of Nippon India ELSS Tax Saver Fund?

As of 01 Oct 2026, the NAV of Nippon India ELSS Tax Saver Fund is ₹43.57 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Nippon India ELSS Tax Saver Fund delivered?

Nippon India ELSS Tax Saver Fund has returned -8.14% over 1 year, +4.09% per year over 3 years, +6.32% per year over 5 years and +7.68% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of Nippon India ELSS Tax Saver Fund?

Nippon India ELSS Tax Saver Fund charges an expense ratio of 1.13% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Nippon India ELSS Tax Saver Fund?

Nippon India ELSS Tax Saver Fund's largest holdings are ICICI Bank Limited (7.4%), HDFC Bank Limited (6.6%), Axis Bank Limited (4.2%), State Bank of India (3.5%) and Samvardhana Motherson International Limited (3.5%). Holdings are disclosed monthly and change over time.

Q: How risky is Nippon India ELSS Tax Saver Fund?

Nippon India ELSS Tax Saver Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 16.0% and its worst peak-to-trough fall in our sample was -55.7%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of -0.15 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Nippon India ELSS Tax Saver Fund's -0.15 means it has not compensated investors for its volatility over the window. Higher is better.

Q: What is the benchmark of Nippon India ELSS Tax Saver Fund?

Nippon India ELSS Tax Saver Fund is benchmarked against the Tier 1 Benchmark: Nifty 500 TRI. Its alpha and beta on this page are measured against that index.

Q: Who manages Nippon India ELSS Tax Saver Fund?

Nippon India ELSS Tax Saver Fund is managed by Rupesh Patel and Ritesh Rathod at Nippon India.

Q: How is Nippon India ELSS Tax Saver Fund taxed?

Nippon India ELSS Tax Saver Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

Nippon India Mutual Fund · Best ELSS (Tax Saving) Mutual Funds

NAV

₹43.57

-0.95% 1D

as of 01 Oct 2026

This is the Direct plan of Nippon India ELSS Tax Saver Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is distributed, which is why this NAV sits below the growth plan of the same fund.

Compare SIP calculator

This is the IDCW (dividend) option — it pays its earnings out as dividends rather than reinvesting them, so every payout steps the NAV down and the return figures below leave those payouts out. Your actual return was higher by whatever was distributed. That’s expected for a payout plan, not missing data.

View the Growth plan for compounded returns (+10.88% 3Y CAGR)

Performance

-7.51%CAGR

52-week rangePrev NAV ₹43.99

Latest ₹43.57

Low ₹40.7633rd percentile of its 52-week rangeHigh ₹49.35

Scorecard

Not rated

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. Not rated — too few comparable Equity funds (same plan and option) to rank against yet.

Performance—

Not enough ELSS peers to rank yet

Risk—

Volatility 16.0% (no category average yet)

Cost—

1.1% expense (no category average yet)

ConsistencyModerate

79% of rolling 3Y windows were positive

Key Metrics

Annual fee charged by the fund, already deducted from NAV

1.13%

Category —

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

16.21

Category —

Excess return per unit of total volatility (rf = 6.5%)

-0.15

Category —

Scheme Info

Definitions

Plan

Direct · IDCW

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

3 yrs

Exit Load

None

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹500

Smallest one-time (lumpsum) investment the scheme accepts

₹500

Tier 1 Benchmark: Nifty 500 TRI

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

02 Jan 2013

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-4.21%

Absolute return over the last 3 months (not annualized)

-5.07%

Absolute return over the last 6 months (not annualized)

+4.78%

Absolute return since 1 Jan of this year (not annualized)

-10.15%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

-8.14%

3-year annualized return (CAGR)

+4.09%

5-year annualized return (CAGR)

+6.32%

10-year annualized return (CAGR)

+6.06%

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+7.68%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

16.04%

Excess return per unit of total volatility (rf = 6.5%)

-0.15

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

-0.19

Largest peak-to-trough decline over full history

-55.69%

Benchmark ratios (vs Nifty 500 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 500 TRI

-4.59%

Sensitivity to Nifty 500 TRI moves; 1 = moves with the index

0.89

How much of the fund's movement Nifty 500 TRI explains

85.7%

Excess return per unit of beta (market risk)

-2.34

Active return over the benchmark per unit of tracking error

-0.88

Annualized std dev of fund-minus-benchmark returns

6.00%

Fund's share of benchmark gains in up months (100 = matches index)

75.1%

Fund's share of benchmark losses in down months (lower is better)

91.9%

Computed vs the Nifty 500 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (ELSS)

Period	Fund	Category avg.	Diff
1M abs	-4.21%	—	—
3M abs	-5.07%	—	—
6M abs	+4.78%	—	—
1Y CAGR	-8.14%	—	—
3Y CAGR	+4.09%	—	—
5Y CAGR	+6.32%	—	—

Category average across peers in ELSS, same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹6.54L

Absolute

+8.98%

XIRR

+3.51%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Nippon India ELSS Tax Saver Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund	Nifty 500 TRI	Diff
2026part	-10.15%	-7.18%	-2.97%
2025	-0.49%	+7.94%	-8.43%
2024	+11.96%	+16.43%	-4.47%
2023	+26.50%	+27.43%	-0.93%
2022	+7.71%	+4.34%	+3.37%
2021	+38.57%	+31.59%	+6.98%
2020	-0.58%	+18.33%	-18.91%
2019	+1.28%	+8.95%	-7.67%
2018	-25.01%	-2.33%	-22.68%
2017	+35.18%	+37.35%	-2.17%

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.

History points

3,384

Expense ratio

1.13%

AUM

₹14,662Cr

Portfolio turnover

19%

Exit load

Nil

Portfolio, AUM & scheme details shown from another plan of this scheme (same underlying portfolio).

P/E ratio

16.2

P/B ratio

4.0

Avg market cap

₹3,85,502Cr

P/E & P/B are portfolio-weighted harmonic means across 50 of 61 equity holdings (89% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · ELSS

Compare all


Nippon India ELSS Tax Saver FundThis fund Nippon India · Direct · IDCW	—	-8.14%	+4.09%	+6.32%	—	1.13%	₹14,662Cr
SBI Long Term Advantage Fund - Series V SBI · Direct · IDCW	—	-0.59%	+19.29%	+14.54%	—	1.28%	₹345.73Cr
JM ELSS - Tax Saver Fund JM Financial · Direct · IDCW	—	+5.27%	+15.23%	+13.25%	—	1.34%	₹220.95Cr
WhiteOak Capital ELSS Tax Saver Fund WhiteOak Capital · Direct · IDCW	—	+1.44%	+14.95%	—	—	0.86%	₹453.00Cr
Bank of India Mid Cap Tax Fund Series 1 Bank of India · Direct · IDCW	—	+8.71%	+13.83%	+11.31%	—	1.06%	₹62.74Cr
Quant ELSS Tax Saver Fund quant · Direct · IDCW	—	+8.61%	+13.78%	+14.54%	—	1.22%	₹12,619Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 99% of the equity sleeve priced.

Large cap64.2%
Mid cap21.4%
Small cap14.4%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity98.64%
Cash & Equivalents1.36%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Canara Robeco Aggressive Hybrid Fund Canara Robeco · Aggressive Hybrid Fund	57.9% of 79% equity	★★★★☆	0.69%	+9.75%
Canara Robeco Balanced Advantage Fund Canara Robeco · Dynamic Asset Allocation or Balanced Advantage	54.5% of 78% equity	★★☆☆☆	1.03%	—
Canara Robeco ELSS - Tax Saver Fund Canara Robeco · ELSS	52.5%	★★★☆☆	0.70%	+10.17%
Nippon India Large Cap Fund Nippon India · Large Cap Fund	50.9%	★★★★★	0.88%	+9.48%
Canara Robeco Large Cap Fund Canara Robeco · Large Cap Fund	50.2%	★★★★☆	0.63%	+8.81%
Canara Robeco Flexi Cap Fund Canara Robeco · Flexi Cap Fund	49.3%!	★★★☆☆	0.69%	+10.26%
Nippon India Balanced Advantage Fund Nippon India · Dynamic Asset Allocation or Balanced Advantage	49.0% of 72% equity	★★★☆☆	0.89%	+9.69%
Nippon India Retirement Fund- Wealth Creation Scheme Nippon India · Retirement Fund	48.6%	★★☆☆☆	1.26%	+9.31%

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

🚩Holdings under NSE surveillance (ASM)

2 holdings — 1.07% of the portfolio — sit in stocks NSE currently lists under its Additional Surveillance Measure. ASM is an exchange response to unusual price or volume activity (higher margins, and trade-for-trade settlement at stage II), not a view on the company or on this fund.

Tatva Chintan Pharma Chem LimitedLong-term · Stage I0.57%
Wheels India LimitedLong-term · Stage I0.50%

Source: NSE ASM list, matched to holdings by company name — a holding whose name differs from NSE's spelling may not be matched. BSE's separate list is not covered.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-55.7%23 Jan 2018 → 23 Mar 2020
Fell over 2.2 years, back to the old high on 31 Aug 2021 — 17 months under water after the low.
-31.4%03 Mar 2015 → 29 Feb 2016
Fell over 12 months, back to the old high on 31 Jul 2017 — 17 months under water after the low.
-25.7%07 Jan 2013 → 28 Aug 2013
Fell over 8 months, back to the old high on 25 Mar 2014 — 7 months under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹14,662Cr

April - June 2026

-1%

since January - March 2026

+₹178.83Cr

est. net flow, last quarter

At or near its largest, ₹14,750Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

Nippon India Mutual Fund is managed by Nippon Life India Asset Management, which took control of the former Reliance Mutual Fund in 2019 when Nippon Life of Japan bought out the Reliance Capital stake. It is among India's largest fund houses by assets and is best known for its small- and mid-cap franchise.

Launched

29 Jun 1995

Total AUM

₹7,87,053Cr+4.7% QoQ

Avg AUM · July - September 2026

Website

mf.nipponindiaim.com

Fund Managers

RPRupesh PatelManaging since 01 Jul 2021

Role

Senior Fund Manager Fund

Education

MBA (Finance) B.E. (Civil)

Experience

Over 25 years of experience in Equity Markets From June 15, 2021 onwards NAM India : Senior Fund Manager – Equity May 2008 – June 2021 Tata Asset Management Ltd.: Senior Fund Manager : May 2019 to June 14, 2021 Tata Asset Management Ltd.: Fund Manager : June 2013 to April 2019 Tata Asset Management Ltd.: Head PMS – Investments : January 2012 to May 2013 Tata Asset Management Ltd.: DGM – Investments : May 2008 to December 2011 August 2007 – April 2008 Indiareit Fund Advisors Pvt. Ltd. : Assistant Vice President November 2001 – August 2007 CARE : Deputy General Manager : November 2006 to August 2007 CARE : Senior Manager : April 2005 to October 2006 CARE : Manager : August 2004 to March 2005 CARE : Analyst : November 2001 to August 2004

Funds managed (1)

Nippon India Growth Mid Cap Fund

All schemes Rupesh Patel runs →

RRRitesh RathodManaging since 01 Aug 2024

Role

Co - Fund Manager & Research Analyst

Education

MBA (Finance), CFA and FRM

Experience

Over 18 years of experience as Research Analyst for various sectors (Technology, Healthcare, Real Estate, Metals, Textile, Shipping & Logistics) From August 19, 2024 onwards India March 2020 - August 18, 2024 Nippon India Mutual Fund, as Senior Research Analyst for Technology and Healthcare sector January 2019 - March 2020 Worked at Alchemy Capital, as Senior Research Analyst for sectors such as Technology, Healthcare, Real Estate, Metals March 2017 - July 2018 Worked at UTI MF, as Co-Fund Manager for UTI Healthcare Fund January 2006 - February 2017 Worked at UTI MF, as Senior Research Analyst for sectors such as Technology, Healthcare, Real Estate, Metals

All schemes Ritesh Rathod runs →

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Rupesh Patel

Top holdings

ICICI Bank Limited HDFC Bank Limited Axis Bank Limited State Bank of India Samvardhana Motherson International Limited NTPC Limited Reliance Industries Limited Infosys Limited Bharti Airtel Limited Radico Khaitan Limited Eternal Limited TVS Holdings Limited

Nippon India in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

Run SIP calculator Add to compare

Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About ELSS (tax-saving) funds

ELSS funds are equity funds that qualify for a Section 80C deduction (up to ₹1.5 lakh a year) under the old tax regime. They carry a 3-year lock-in — the shortest of any 80C option.

Frequently asked questions

What is the NAV of Nippon India ELSS Tax Saver Fund?

As of 01 Oct 2026, the NAV of Nippon India ELSS Tax Saver Fund is ₹43.57 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Nippon India ELSS Tax Saver Fund delivered?

Nippon India ELSS Tax Saver Fund has returned -8.14% over 1 year, +4.09% per year over 3 years, +6.32% per year over 5 years and +7.68% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of Nippon India ELSS Tax Saver Fund?

Nippon India ELSS Tax Saver Fund charges an expense ratio of 1.13% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of Nippon India ELSS Tax Saver Fund?

Nippon India ELSS Tax Saver Fund's largest holdings are ICICI Bank Limited (7.4%), HDFC Bank Limited (6.6%), Axis Bank Limited (4.2%), State Bank of India (3.5%) and Samvardhana Motherson International Limited (3.5%). Holdings are disclosed monthly and change over time.

How risky is Nippon India ELSS Tax Saver Fund?

Nippon India ELSS Tax Saver Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 16.0% and its worst peak-to-trough fall in our sample was -55.7%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of -0.15 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Nippon India ELSS Tax Saver Fund's -0.15 means it has not compensated investors for its volatility over the window. Higher is better.

What is the benchmark of Nippon India ELSS Tax Saver Fund?

Nippon India ELSS Tax Saver Fund is benchmarked against the Tier 1 Benchmark: Nifty 500 TRI. Its alpha and beta on this page are measured against that index.

Who manages Nippon India ELSS Tax Saver Fund?

Nippon India ELSS Tax Saver Fund is managed by Rupesh Patel and Ritesh Rathod at Nippon India.

How is Nippon India ELSS Tax Saver Fund taxed?

Nippon India ELSS Tax Saver Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.