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 ₹10,673.58 Crores and the latest NAV decalared is ₹56.926 as on 21 Nov 2019 at 9:45 pm.
Nippon India Tax Saver (ELSS) Fund Direct-Growth scheme return performance in last 1 year is 0.99%, in last 3 years is 20.17% and 128.79% 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.