About Nippon India Tax Saver (ELSS) Fund Direct - Growth
Nippon India Tax Saver (ELSS) Fund Direct - Growth is a Tax Saver
mutual fund scheme from Nippon India Mutual Fund
. This scheme was launched on 01 Jan 2013 and is currently managed by its fund manager Ashwani Kumar
. It has an AUM of ₹10,813.57 Crores and the latest NAV decalared is ₹60.212 as on 17 Jan 2020 at 10:10 pm.
Nippon India Tax Saver (ELSS) Fund Direct - Growth scheme return performance in last 1 year is 6.26%, in last 3 years is 18.05% and 142.46% 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.