About Nippon India Tax Saver (ELSS) Fund Direct - Dividend Yearly Payout
Nippon India Tax Saver (ELSS) Fund Direct - Dividend Yearly Payout is a Tax Saver
mutual fund scheme from Nippon India Mutual Fund
. This scheme was launched on 10 Feb 2015 and is currently managed by its fund manager Ashwani Kumar
. It has an AUM of ₹10,583.85 Crores and the latest NAV decalared is ₹10.707 as on 24 Feb 2020 at 10:55 pm.
Nippon India Tax Saver (ELSS) Fund Direct - Dividend Yearly Payout scheme return performance in last 1 year is 4.95%, in last 3 years is 2.41% and 13.59% since scheme launch. The min. SIP amount to invest in this scheme is ₹500.
About Fund Category
Having a statutory lock-in period of 3 years, ELSS Funds enable long term wealth accumulation along with the benefit of tax saving. Investing in ELSS Funds makes you eligible to claim a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act 1961.