EquityELSSRegularGrowthVery High

Navi ELSS Tax Saver Nifty50 Index Fund

Q: What is the NAV of Navi ELSS Tax Saver Nifty50 Index Fund?

As of 05 Oct 2026, the NAV of Navi ELSS Tax Saver Nifty50 Index Fund is ₹13.28 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Navi ELSS Tax Saver Nifty50 Index Fund delivered?

Navi ELSS Tax Saver Nifty50 Index Fund has returned -9.32% over 1 year, +4.85% per year over 3 years and +8.12% 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 are the top holdings of Navi ELSS Tax Saver Nifty50 Index Fund?

Navi ELSS Tax Saver Nifty50 Index Fund's largest holdings are HDFC BANK LIMITED (9.8%), ICICI BANK LIMITED (9.4%), RELIANCE INDUSTRIES LIMITED (7.8%), BHARTI AIRTEL LIMITED (5.0%) and LARSEN & TOUBRO LIMITED (4.3%). Holdings are disclosed monthly and change over time.

Q: How risky is Navi ELSS Tax Saver Nifty50 Index Fund?

Navi ELSS Tax Saver Nifty50 Index Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 13.3% and its worst peak-to-trough fall in our sample was -15.8%. 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 -0.12 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Navi ELSS Tax Saver Nifty50 Index Fund's -0.12 means it has not compensated investors for its volatility over the window. Higher is better.

Q: What is the benchmark of Navi ELSS Tax Saver Nifty50 Index Fund?

Navi ELSS Tax Saver Nifty50 Index Fund is benchmarked against the NIFTY 50 TRI INDEX. Its alpha and beta on this page are measured against that index.

Q: Who manages Navi ELSS Tax Saver Nifty50 Index Fund?

Navi ELSS Tax Saver Nifty50 Index Fund is managed by Ashutosh Shirwaikar and Aditya Mulki at Navi.

Q: How is Navi ELSS Tax Saver Nifty50 Index Fund taxed?

Navi ELSS Tax Saver Nifty50 Index 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.

Navi Mutual Fund · Best ELSS (Tax Saving) Mutual Funds

NAV

₹13.28

+0.59% 1D

as of 05 Oct 2026

This is the Regular plan of Navi ELSS Tax Saver Nifty50 Index Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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Performance

-10.02%absolute

52-week rangePrev NAV ₹13.20

Latest ₹13.28

Low ₹13.117th percentile of its 52-week rangeHigh ₹15.48

Scorecard

★★☆☆☆2/5 vs 51 ELSS peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

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. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within ELSS (same plan and option).

PerformanceBelow avg

3Y CAGR +4.85% · ranks 47 of 49 ELSS funds

RiskLow

Volatility 13.3% vs 14.8% category avg

Cost—

Expense ratio not available yet

ConsistencyHigh

100% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Less volatile than its ELSS peers (13.3% vs 14.8%)
Consistent — positive in 100% of rolling 3-year windows

Concerns

Trails the ELSS average on 1M/3M/6M/1Y — 1Y by 7.29pp
3-year return (+4.85%) trails the ELSS average (+9.88%)
Ranks #47 of 50 on 1-year return in its ELSS cohort
Weaker risk-adjusted returns — Sharpe -0.12 below the ELSS average of 0.22

Key Metrics

Annual fee charged by the fund, already deducted from NAV

—

Category 2.02%

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

18.61

Category —

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

-0.12

Category 0.22▼0.34

Scheme Info

Definitions

Plan

Regular · Growth

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

None

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.

—

Smallest recurring SIP instalment the scheme accepts

—

Smallest one-time (lumpsum) investment the scheme accepts

₹500

NIFTY 50 TRI INDEX

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.

21 Mar 2023

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

Definitions

Absolute return over the last 1 month (not annualized)

-5.68%

Absolute return over the last 3 months (not annualized)

-7.04%

Absolute return over the last 6 months (not annualized)

-0.42%

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

-13.55%

Annualized returns (≥1Y — CAGR)

Definitions

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

-9.32%

3-year annualized return (CAGR)

+4.85%

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

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.

+8.12%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

13.25%

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

-0.12

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

-0.17

Largest peak-to-trough decline over full history

-15.81%

Benchmark ratios (vs Nifty 50 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 50 TRI

-1.33%

Sensitivity to Nifty 50 TRI moves; 1 = moves with the index

0.99

How much of the fund's movement Nifty 50 TRI explains

99.9%

Excess return per unit of beta (market risk)

-1.72

Active return over the benchmark per unit of tracking error

-3.55

Annualized std dev of fund-minus-benchmark returns

0.39%

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

96.1%

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

103.2%

Computed vs the Nifty 50 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	-5.68%	-4.70%	-0.98%
3M abs	-7.04%	-3.94%	-3.10%
6M abs	-0.42%	+8.61%	-9.03%
1Y CAGR	-9.32%	-2.03%	-7.29%
3Y CAGR	+4.85%	+9.88%	-5.03%
5Y CAGR	—	+9.61%	—

Category average across peers in ELSS (up to 49 funds with data), 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.

Category rank

Vs 49 peers in ELSS

1Y return

-9.32%

Beats 6.1% · rank #47

3Y return

+4.85%

Beats 4.2% · rank #47

5Y return

—

Sharpe

-0.12

Beats 2.1% · rank #48

Sortino

-0.17

Beats 2.1% · rank #48

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

₹3.60L

Current value

₹3.43L

Absolute

-4.63%

XIRR

-3.23%

Value vs. invested

ValueInvested

36 monthly installments of ₹10,000 into Navi ELSS Tax Saver Nifty50 Index 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 50 TRI	Diff
2026part	-13.55%	-12.85%	-0.70%
2025	+10.72%	+11.97%	-1.25%
2024	+8.67%	+10.16%	-1.49%
2023part	+26.79%	—	—

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

871

AUM

₹149.69Cr

Portfolio turnover

Exit load

NIL

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

P/E ratio

18.6

P/B ratio

4.1

Avg market cap

₹6,31,506Cr

P/E & P/B are portfolio-weighted harmonic means across 47 of 50 equity holdings (98% 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


Navi ELSS Tax Saver Nifty50 Index FundThis fund Navi · Regular · Growth	★★☆☆☆	-9.32%	+4.85%	—	—	—	—
SBI Long Term Advantage Fund - Series V SBI · Regular · Growth	★★★★★	-1.21%	+19.11%	+13.78%	—	1.38%	₹345.73Cr
Motilal Oswal ELSS Tax Saver Fund Motilal Oswal · Regular · Growth	★★★☆☆	+5.53%	+19.09%	+15.16%	—	2.10%	₹4,627Cr
Bank of India Mid Cap Tax Fund Series 1 Bank of India · Regular · Growth	★★★★☆	+8.41%	+14.33%	+10.89%	—	1.38%	₹62.74Cr
JM ELSS - Tax Saver Fund JM Financial · Regular · Growth	★★★☆☆	+3.76%	+14.32%	+11.79%	—	2.68%	₹220.95Cr
HSBC ELSS Tax saver Fund HSBC · Regular · Growth	★★★★☆	+0.84%	+14.16%	—	—	1.99%	₹3,957Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap97.5%
Mid cap2.5%
Small cap0.0%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity99.86%
Cash & Equivalents0.14%

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

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Bandhan Nifty 50 Index Fund Bandhan · Index Funds	100.0%	★★★☆☆	0.16%	+5.91%
Choice Nifty 50 Index Fund Choice · Index Funds	100.0%	—	0.68%	—
DSP Nifty 50 Index Fund DSP · Index Funds	100.0%	★★★☆☆	0.22%	+5.92%
Nippon India ETF Nifty 50 BeES Nippon India · Other ETFs	100.0%	—	0.04%	+6.07%
Kotak Nifty 50 Index Fund Kotak Mahindra · Index Funds	100.0%	★★★☆☆	0.12%	+5.84%
Bajaj Finserv Nifty 50 Index Fund Bajaj Finserv · Index Funds	100.0%	★★☆☆☆	0.33%	—
Franklin India NSE Nifty 50 Index Fund Franklin Templeton · Index Funds	99.9%	★★★☆☆	0.31%	+5.88%
HDFC Nifty 50 Index Fund HDFC · Index Funds	99.9%	★★★☆☆	0.29%	+5.84%

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.

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.

-15.8%26 Sep 2024 → 04 Mar 2025
Fell over 5 months, back to the old high on 20 Nov 2025 — 9 months under water after the low.
-15.3%02 Jan 2026 → 31 Mar 2026
Still below that high — 3 months down, and no recovery yet.
-6.6%15 Sep 2023 → 26 Oct 2023
Fell over 41 days, back to the old high on 01 Dec 2023 — 36 days 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.

AMC Profile

Navi Mutual Fund is run by Navi AMC, part of the Navi group founded by Sachin Bansal, which acquired Essel Mutual Fund in 2021 and rebranded it. Its line-up centres on low-cost index funds.

Launched

03 Dec 2009

Total AUM

₹9,453Cr+4.9% QoQ

Avg AUM · April - June 2026

Website

navi.com/mutual-fund

Fund Managers

ASAshutosh ShirwaikarManaging since 01 Aug 2023

Role

Fund Manager

Total experience

8 years

Education

MBA (Finance)- JBIMS, Mumbai University - B.E. in Mechanical Engineering (Mumbai University)

Experience

Prior to joining August 01, 2023 Navi Mutual Fund, Mr. Shirwaikar worked for more than 6 years at Quantum Advisors Ltd. During his tenure he has covered sectors like Auto, Chemicals, Pharma, Power, and Media. Mr. Shirwaikar has been associated with Navi AMC since June 2022.

Funds managed (17)

All schemes Ashutosh Shirwaikar runs →

AMAditya MulkiManaging since 20 Mar 2023

Role

Head Investment s & Fund Manager

Total experience

7 years

Education

CFA Charter holder, Bachelor of Commerce from Mumbai university

Experience

Prior to joining September Navi Mutual Fund, Mr. Mulki has worked closed to 6 years at Quantum Advisors Ltd. As an Equity research analyst, covering consumable staples, consumer discretionary, building materials and media sector

Funds managed (9)

All schemes Aditya Mulki runs →

Fund manager, benchmark and dealing terms from 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

Ashutosh Shirwaikar Aditya Mulki

Top holdings

HDFC BANK LIMITED ICICI BANK LIMITED RELIANCE INDUSTRIES LIMITED BHARTI AIRTEL LIMITED LARSEN & TOUBRO LIMITED STATE BANK OF INDIA INFOSYS LIMITED AXIS BANK LIMITED KOTAK MAHINDRA BANK LIMITED MAHINDRA & MAHINDRA LIMITED BAJAJ FINANCE LIMITED ITC LIMITED

Navi 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 Navi ELSS Tax Saver Nifty50 Index Fund?

As of 05 Oct 2026, the NAV of Navi ELSS Tax Saver Nifty50 Index Fund is ₹13.28 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Navi ELSS Tax Saver Nifty50 Index Fund delivered?

Navi ELSS Tax Saver Nifty50 Index Fund has returned -9.32% over 1 year, +4.85% per year over 3 years and +8.12% 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 are the top holdings of Navi ELSS Tax Saver Nifty50 Index Fund?

Navi ELSS Tax Saver Nifty50 Index Fund's largest holdings are HDFC BANK LIMITED (9.8%), ICICI BANK LIMITED (9.4%), RELIANCE INDUSTRIES LIMITED (7.8%), BHARTI AIRTEL LIMITED (5.0%) and LARSEN & TOUBRO LIMITED (4.3%). Holdings are disclosed monthly and change over time.

How risky is Navi ELSS Tax Saver Nifty50 Index Fund?

Navi ELSS Tax Saver Nifty50 Index Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 13.3% and its worst peak-to-trough fall in our sample was -15.8%. 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 -0.12 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Navi ELSS Tax Saver Nifty50 Index Fund's -0.12 means it has not compensated investors for its volatility over the window. Higher is better.

What is the benchmark of Navi ELSS Tax Saver Nifty50 Index Fund?

Navi ELSS Tax Saver Nifty50 Index Fund is benchmarked against the NIFTY 50 TRI INDEX. Its alpha and beta on this page are measured against that index.

Who manages Navi ELSS Tax Saver Nifty50 Index Fund?

Navi ELSS Tax Saver Nifty50 Index Fund is managed by Ashutosh Shirwaikar and Aditya Mulki at Navi.

How is Navi ELSS Tax Saver Nifty50 Index Fund taxed?

Navi ELSS Tax Saver Nifty50 Index 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.