EquityELSSDirectIDCWVery High

NJ ELSS Tax Saver Fund

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

As of 05 Oct 2026, the NAV of NJ ELSS Tax Saver Fund is ₹14.25 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has NJ ELSS Tax Saver Fund delivered?

NJ ELSS Tax Saver Fund has returned -3.83% over 1 year, +8.78% per year over 3 years and +11.28% 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 NJ ELSS Tax Saver Fund?

NJ ELSS Tax Saver Fund charges an expense ratio of 0.79% 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 NJ ELSS Tax Saver Fund?

NJ ELSS Tax Saver Fund's largest holdings are Bosch Limited (6.6%), Pidilite Industries Limited (5.8%), JSW Dulux Limited (5.1%), Hero MotoCorp Limited (5.1%) and Mphasis Limited (5.0%). Holdings are disclosed monthly and change over time.

Q: How risky is NJ ELSS Tax Saver Fund?

NJ ELSS Tax Saver Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 14.2% and its worst peak-to-trough fall in our sample was -22.8%. 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 0.16 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. NJ ELSS Tax Saver Fund's 0.16 means it has rewarded its volatility with excess return. Higher is better.

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

NJ ELSS Tax Saver Fund is benchmarked against the NIFTY 500 TRI. Its alpha and beta on this page are measured against that index.

Q: Who manages NJ ELSS Tax Saver Fund?

NJ ELSS Tax Saver Fund is managed by Viral Shah, Dhaval Patel and Jaimin Ilavia at NJ.

Q: How is NJ ELSS Tax Saver Fund taxed?

NJ 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.

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

NAV

₹14.25

+0.35% 1D

as of 05 Oct 2026

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

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Performance

-4.30%absolute

52-week rangePrev NAV ₹14.20

Latest ₹14.25

Low ₹13.0853rd percentile of its 52-week rangeHigh ₹15.30

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 14.2% (no category average yet)

Cost—

0.8% expense (no category average 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

Consistent — positive in 100% of rolling 3-year windows

Concerns

No significant concerns identified.

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.79%

Category —

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

21.37

Category —

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

0.16

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

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.

19 Jun 2023

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

Definitions

Absolute return over the last 1 month (not annualized)

-4.36%

Absolute return over the last 3 months (not annualized)

-3.39%

Absolute return over the last 6 months (not annualized)

+6.03%

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

-3.06%

Annualized returns (≥1Y — CAGR)

Definitions

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

-3.83%

3-year annualized return (CAGR)

+8.78%

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.

+11.28%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

14.20%

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

0.16

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

0.22

Largest peak-to-trough decline over full history

-22.80%

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

-0.59%

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

0.96

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

85.8%

Excess return per unit of beta (market risk)

2.40

Active return over the benchmark per unit of tracking error

-0.14

Annualized std dev of fund-minus-benchmark returns

6.21%

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

92.3%

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

93.3%

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	-4.36%	—	—
3M abs	-3.39%	—	—
6M abs	+6.03%	—	—
1Y CAGR	-3.83%	—	—
3Y CAGR	+8.78%	—	—
5Y CAGR	—	—	—

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

₹3.60L

Current value

₹3.59L

Absolute

-0.36%

XIRR

-0.25%

Value vs. invested

ValueInvested

36 monthly installments of ₹10,000 into NJ 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	-3.06%	-7.18%	+4.12%
2025	-2.78%	+7.94%	-10.72%
2024	+15.86%	+16.43%	-0.57%
2023part	+30.24%	—	—

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

811

Expense ratio

0.79%

Portfolio turnover

65%

Exit load

Nil

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

P/E ratio

21.4

P/B ratio

7.0

Avg market cap

₹76,829Cr

P/E & P/B are portfolio-weighted harmonic means across 19 of 25 equity holdings (76% 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


NJ ELSS Tax Saver FundThis fund NJ · Direct · IDCW	—	-3.83%	+8.78%	—	—	0.79%	—
SBI Long Term Advantage Fund - Series V SBI · Direct · IDCW	—	-0.90%	+19.52%	+14.20%	—	1.28%	₹345.73Cr
JM ELSS - Tax Saver Fund JM Financial · Direct · IDCW	—	+5.16%	+15.77%	+13.06%	—	1.34%	₹220.95Cr
WhiteOak Capital ELSS Tax Saver Fund WhiteOak Capital · Direct · IDCW	—	+1.43%	+15.17%	—	—	0.86%	₹453.00Cr
Quant ELSS Tax Saver Fund quant · Direct · IDCW	—	+9.13%	+14.74%	+14.15%	—	1.22%	₹12,619Cr
Bank of India Mid Cap Tax Fund Series 1 Bank of India · Direct · IDCW	—	+8.72%	+14.66%	+11.11%	—	1.06%	₹62.74Cr

Market-cap allocation · AMFI bands, Jul 2026

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

Large cap30.5%
Mid cap34.0%
Small cap35.5%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity99.51%
Cash & Equivalents0.49%

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

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
NJ Flexi Cap Fund NJ · Flexi Cap Fund	40.0%	★☆☆☆☆	0.87%	+9.04%
NJ Balanced Advantage Fund NJ · Dynamic Asset Allocation or Balanced Advantage	31.3%	★★☆☆☆	1.14%	+7.73%
DSP Quant Fund DSP · Sectoral/ Thematic	26.9%	★★☆☆☆	1.01%	+5.99%
Aditya Birla Sun Life BSE 500 Quality 50 Index Fund Aditya Birla Sun Life · Index Funds	24.6%	★★★☆☆	0.37%	—
Motilal Oswal BSE Quality Index Fund Motilal Oswal · Index Funds	21.1%	★★★☆☆	0.55%	+10.88%
Tata BSE Quality Index Fund Tata · Index Funds	21.1%	★★☆☆☆	0.53%	—
360 One Quant Fund 360 One · Sectoral/ Thematic	20.8%	★★★☆☆	1.09%	+13.93%
Tata India Pharma & Healthcare Fund Tata · Sectoral/ Thematic	19.6%	★★★★☆	1.09%	+18.76%

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.

-22.8%26 Sep 2024 → 04 Mar 2025
Still below that high — 5 months down, and no recovery yet.
-6.4%27 Feb 2024 → 19 Mar 2024
Fell over 21 days, back to the old high on 23 May 2024 — 2 months under water after the low.
-5.7%03 Jun 2024 → 04 Jun 2024
Fell over 1 day, back to the old high on 07 Jun 2024 — 3 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

NJ Mutual Fund is the asset management arm of the NJ Group, one of India's largest mutual fund distribution networks. Its schemes follow a rules-based, factor-driven process rather than discretionary stock selection.

Launched

19 Apr 2021

Total AUM

₹7,375Cr+6.5% QoQ

Avg AUM · July - September 2026

Website

njmutualfund.com

Fund Managers

VSViral ShahStart date not disclosed

Role

Fund Manager

Experience

NJAMC - Sep 2009 till date

Funds managed (6)

All schemes Viral Shah runs →

DPDhaval PatelStart date not disclosed

Role

Assistant Fund Manager

Funds managed (6)

All schemes Dhaval Patel runs →

JIJaimin IlaviaStart date not disclosed

Role

Fund Manager

Total experience

11 years

Education

M.Com, CFA

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. 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

Viral Shah Dhaval Patel

Top holdings

Bosch Limited Pidilite Industries Limited JSW Dulux Limited Hero MotoCorp Limited Mphasis Limited Marico Limited ABB India Limited AU Small Finance Bank Limited Page Industries Limited Britannia Industries Limited Bayer Cropscience Limited The Great Eastern Shipping Company Limited

NJ 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.

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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 NJ ELSS Tax Saver Fund?

As of 05 Oct 2026, the NAV of NJ ELSS Tax Saver Fund is ₹14.25 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has NJ ELSS Tax Saver Fund delivered?

NJ ELSS Tax Saver Fund has returned -3.83% over 1 year, +8.78% per year over 3 years and +11.28% 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 NJ ELSS Tax Saver Fund?

NJ ELSS Tax Saver Fund charges an expense ratio of 0.79% 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 NJ ELSS Tax Saver Fund?

NJ ELSS Tax Saver Fund's largest holdings are Bosch Limited (6.6%), Pidilite Industries Limited (5.8%), JSW Dulux Limited (5.1%), Hero MotoCorp Limited (5.1%) and Mphasis Limited (5.0%). Holdings are disclosed monthly and change over time.

How risky is NJ ELSS Tax Saver Fund?

NJ ELSS Tax Saver Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 14.2% and its worst peak-to-trough fall in our sample was -22.8%. 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 0.16 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. NJ ELSS Tax Saver Fund's 0.16 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of NJ ELSS Tax Saver Fund?

NJ ELSS Tax Saver Fund is benchmarked against the NIFTY 500 TRI. Its alpha and beta on this page are measured against that index.

Who manages NJ ELSS Tax Saver Fund?

NJ ELSS Tax Saver Fund is managed by Viral Shah, Dhaval Patel and Jaimin Ilavia at NJ.

How is NJ ELSS Tax Saver Fund taxed?

NJ 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.