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NJ ELSS Tax Saver Fund - Direct Plan - IDCW Payout Option

The investment objective of the scheme is to generate income and long term capital appreciation from a diversified portfolio of predominantly equity and equity-related instruments. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.Read more

AMC websiteScheme documentsNAV history (AMFI)हिंदी में

NJ Mutual FundELSS Tax Saver FundsDirect · IDCW (income distribution)Riskometer: Very High RiskBenchmark: Nifty 500
NAV · 16 Oct 2026₹14.2100▲ 0.14% (1 day)
  • Current NAV₹14.2100
  • Fund Size (AUM)₹ 332 Cr.
  • Expense Ratio0.79 %
  • 1Y Return-4.95%
  • 3Y Return (CAGR)+8.26%
  • 5Y Return (CAGR)—
  • Category Rank (3Y)—
  • RiskometerVery High Risk
  • Min. SIP / Lump sum₹ 500 / ₹ 500
More figures (11)
  • Since Launch (CAGR)+11.07%
  • BenchmarkNifty 500
  • Volatility (3Y)14.34 %
  • Sharpe Ratio (3Y)0.12
  • Beta (3Y)0.87
  • 52-week High / Low₹15.3000 / ₹13.0800
  • Max Drawdown-22.8 %
  • Launched19 Jun 2023
  • Lock-in0 years
  • Portfolio Turnover64 %
  • Fund ManagersViral Shah, Dhaval Patel, Jaimin Ilavia

Performance chart

Benchmark: Nifty 500 price index (excludes dividends, so it slightly understates the index's total return). Past performance may or may not be sustained in future.

Quick take

  • Over 3 years it returned 8.3% a year, against Nifty 500 8.6%.
  • Volatility over 3 years was 14.3% a year (Nifty 500: 14.5%), with a Sharpe ratio of 0.12.
  • Its biggest fall from a peak was 22.8% (26 Sep 2024 to 4 Mar 2025).
  • Expense ratio 0.79%, fund size ₹332 crore.

Pros

  • Expense ratio of 0.79% is below the category median of 1.06%.

Cons

  • Small fund size of ₹332 crore.

Pros and cons are generated automatically from the scheme's published figures. They are observations about past data, not a recommendation to invest, switch or redeem.

AI analysis

Plenitude AI reads the figures on this page and explains them in plain language.

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Returns vs benchmark and category

Returns (%)1W1M3M6MYTD1Y2Y3Y5Y7Y10YSince launch
This fund+1.00%-2.13%-4.18%+0.14%-3.33%-4.95%-6.09%+8.26%———+11.07%
Nifty 500+1.84%-1.16%-4.14%-1.70%-6.71%-5.49%-3.01%+8.59%+7.14%+13.32%+11.51%+11.96%

Point-to-point NAV returns as on 16 Oct 2026; over 1 year, yearly compounded (CAGR). Category: Direct Growth plans in ELSS Tax Saver Funds. Q1 = top quarter by return over that period.

Calendar-year returns

Year2026 YTD20252024
This fund-3.33%-2.78%+15.86%
Nifty 500-6.71%+6.69%+15.16%
Difference+3.38%-9.47%+0.70%

January to December each year; the current year is to date.

Month-by-month returns (%)

YearJanFebMarAprMayJunJulAugSepOctNovDecYear
2026-3.30.4-8.18.70.41.13.70.7-5.3-0.6
2025-6.0-9.36.72.43.66.0-1.1-2.6-1.40.80.0-0.7-2.8
20243.52.5-2.81.31.38.17.12.21.2-7.8-1.91.215.9
20234.22.82.0-1.18.69.5

Change in NAV from the last business day of one month to the last business day of the next. Positive in 25 of 40 months shown (63%). "Year" is shown for complete calendar years.

Risk and consistency

Risk measure3 years5 years
Volatility (standard deviation) ?14.34%13.87%
Nifty 500 volatility ?14.52%14.02%
Sharpe ratio ?0.12—
Sortino ratio ?0.17—
Beta ?0.870.87
Alpha (yearly) ?-0.05%—
R-squared ?0.770.76
Up-market capture ?95.40%96.00%
Down-market capture ?96.70%85.90%
Maximum drawdown-22.80%-22.80%

Every 3- and 5-year period since launch, checked weekly. It shows how consistent returns were, whenever someone invested.

How it handled market falls

When the Nifty 500 fell more than 10%

Fall (peak to bottom)Nifty 500This fundDifferenceFund, 1 year after bottomIndex, 1 year after bottom
26 Sep 2024 → 28 Feb 2025-18.8%-22.4%-3.610.6%16.5%

Every fall of more than 10% in the benchmark since the fund was launched, measured between the index's peak and bottom dates. "Difference" in percentage points: positive means the fund fell less.

Biggest falls in this fund's NAV

PeakBottomFallBack to the peak onTime to recover
26 Sep 20244 Mar 2025-22.8%Not yet—
27 Feb 202419 Mar 2024-6.4%23 May 20242 months
3 Jun 20244 Jun 2024-5.7%7 Jun 20243 days
11 Sep 202326 Oct 2023-5.3%15 Nov 202320 days

Falls of 5% or more from a previous high, deepest first. Time to recover runs from the bottom to the day the NAV regained its old high.

SIP returns: ₹10,000 every month

SIP forInvestedValue todayGainXIRRNifty 500 XIRR
1Y₹1,20,000₹1,17,438₹-2,562-3.92%-6.28%
3Y₹3,60,000₹3,58,582₹-1,418-0.26%+1.15%

A ₹10,000 instalment on the same date every month, valued at the latest NAV. XIRR is the yearly return on those dated instalments. Try the SIP calculator.

What your investment would be worth

Worked out from the scheme's weekly NAVs (instalments on the first NAV of each month), so it can differ slightly from your statement. Past performance may or may not be sustained in future. Plan a future SIP.

Compare with all ELSS Tax Saver Funds (38)

S.No.Scheme (Direct plans, Growth)6M %1Y %3Y % CAGR5Y % CAGRExpense ratio %Fund size ₹ Cr
1.Aditya Birla Sun Life ELSS Tax Saver FundAditya Birla Sun Life Mutual Fund————1.0813,559
2.Axis ELSS- Tax Saver FundAxis Mutual Fund————1.0430,269
3.Bajaj Finserv ELSS - Tax Saver FundBajaj Finserv Mutual Fund——————
4.BANDHAN ELSS - Tax Saver FundBandhan Mutual Fund————0.966,596
5.BANK OF INDIA ELSS TAX SAVER FUNDBank of India Mutual Fund————1.061,366
6.Baroda BNP Paribas ELSS Tax Saver FundBaroda BNP Paribas Mutual Fund————1.08857
7.Canara Robeco ELSS - Tax Saver FundCanara Robeco Mutual Fund————0.708,167
8.DSP ELSS Tax Saver FundDSP Mutual Fund————0.9315,569
9.Edelweiss ELSS Tax Saver FundEdelweiss Mutual Fund————0.92428
10.Franklin India ELSS Tax Saver FundFranklin Templeton Mutual Fund————1.175,839
11.Groww ELSS Tax Saver FundGroww Mutual Fund————1.5048
12.HDFC ELSS - Tax Saver FundHDFC Mutual Fund————1.1914,949
13.HSBC ELSS Tax saver FundHSBC Mutual Fund————1.223,974
14.ICICI Prudential ELSS - Tax Saver FundICICI Prudential Mutual Fund————1.2113,498
15.Invesco India ELSS Tax Saver FundInvesco Mutual Fund————1.182,598
16.ITI ELSS Tax Saver FundITI Mutual Fund————0.90445
17.JM ELSS - Tax Saver FundJM Financial Mutual Fund————1.34240
18.Kotak ELSS Tax Saver FundKotak Mahindra Mutual Fund————0.806,071
19.LIC MF ELSS Tax Saver FundLIC Mutual Fund————1.29972
20.Mahindra Manulife ELSS Tax Saver FundMahindra Manulife Mutual Fund————1.10829
21.Mirae Asset ELSS Tax Saver FundMirae Asset Mutual Fund————1.0224,625
22.Motilal Oswal ELSS Tax Saver FundMotilal Oswal Mutual Fund————0.964,890
23.NAVI ELSS TAX SAVER NIFTY50 INDEX FUNDNavi Mutual Fund————0.24145
24.Nippon India ELSS Tax Saver FundNippon India Mutual Fund————0.1114,096
25.NJ ELSS Tax Saver FundNJ Mutual Fund————0.79332
26.Parag Parikh ELSS Tax Saver FundPPFAS Mutual Fund————0.655,401
27.PGIM India ELSS Tax Saver FundPGIM India Mutual Fund————1.15680
28.Quant ELSS Tax Saver Fundquant Mutual Fund————1.2113,103
29.Quantum ELSS Tax Saver FundQuantum Mutual Fund————0.90196
30.Samco ELSS Tax Saver FundSamco Mutual Fund————1.94104
31.SBI ELSS Tax Saver FundSBI Mutual Fund————1.2630,027
32.Shriram ELSS Tax Saver FundShriram Mutual Fund————0.9344
33.Sundaram ELSS Tax Saver FundSundaram Mutual Fund————1.761,212
34.Tata ELSS - Tax Saver FundTata Mutual Fund————0.894,427
35.Taurus ELSS Tax Saver FundTaurus Mutual Fund——————
36.Union ELSS Tax Saver Fund (Formerly Union Tax Saver (ELSS) FundUnion Mutual Fund————1.73821
37.UTI ELSS Tax Saver FundUTI Mutual Fund————1.023,253
38.WhiteOak Capital ELSS Tax Saver FundWhiteOak Capital Mutual Fund————0.86481
Median: 38 schemes————1.052,926

Detailed comparison with another fund About ELSS Tax Saver Funds

Sorted by 3-year return; tap a heading to sort. Expense ratio and fund size are from published scheme data ("—" = not available yet). Sorting by past returns is a way to explore data, not a ranking of which fund to choose.

Scheme details

Investment objective
The investment objective of the scheme is to generate income and long term capital appreciation from a diversified portfolio of predominantly equity and equity-related instruments. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.
Fund managers
Viral Shah, Dhaval Patel, Jaimin Ilavia
Fund house
NJ Mutual Fund
Category
ELSS Tax Saver Funds · Equity
Benchmark used here
Nifty 500 (price index)
Plan / option
Direct · IDCW (income distribution)
AMFI scheme code
151612
ISIN
INF0J8L01123
Scheme documents
SID, KIM and factsheets (fund house website) · exit load and full portfolio are in these documents.

About ELSS Tax Saver Funds

ELSS Tax Saver Funds invest at least 80% in equity and come with a 3-year lock-in. Investments can qualify for a tax deduction of up to ₹1.5 lakh a year under the old tax regime; there is no such deduction under the new regime.

Generally used by taxpayers on the old regime who want equity exposure and can stay invested 3+ years.

Other plans of this scheme

Tax on your gains

Likely tax treatment: Equity-oriented fund

  • Held 12 months or less: short-term gain taxed at 20%.
  • Held over 12 months: long-term gain taxed at 12.5% on gains above ₹1.25 lakh a year (the ₹1.25 lakh exemption covers all your equity funds and shares together).
  • Dividends (IDCW option) are added to your income and taxed at your slab rate; the fund deducts 10% TDS when they exceed ₹10,000 in a year.
  • Switching from one scheme or plan to another counts as selling and buying.
  • Surcharge and 4% health and education cess apply on top of these rates.
Fund typeShort-termLong-term
Equity-oriented20% (up to 12 months)12.5% above ₹1.25 lakh
Debt-oriented (bought from Apr 2023)Slab rateSlab rate
Gold, international, other hybridSlab rate12.5% (after 12 or 24 months)

This scheme has a lock-in of 0 years. Exit load, if any, is set out in the scheme's KIM (scheme documents). Tax rules change from time to time and depend on your situation; please confirm with your tax adviser. This is general information, not tax advice.

Fund managers

VS
Viral ShahAlso manages
DP
Dhaval PatelAlso manages
JI
Jaimin IlaviaAlso manages

From the scheme details published by the fund house. "Also manages" lists schemes we have on record and grows as more schemes are viewed.

Questions about this scheme

What is the NAV of NJ ELSS Tax Saver Fund today?
The latest NAV of NJ ELSS Tax Saver Fund - Direct Plan - IDCW Payout Option is ₹14.2100 as on 16 Oct 2026, as published by AMFI. NAVs are updated every business day evening.
What returns has NJ ELSS Tax Saver Fund given?
As on 16 Oct 2026: 1 year -4.95%, 3 years +8.26% a year. Past returns may or may not be sustained in future.
What is the expense ratio of NJ ELSS Tax Saver Fund?
The expense ratio of the Direct plan is 0.79% (as of Sep 2026). It is already deducted in the NAV.
How risky is this fund?
Its riskometer level is Very High Risk. Over 3 years its volatility was 14.3% a year and its biggest fall from a peak was 22.8%. Mutual fund investments are subject to market risks.
What is the difference between Direct and Regular plans?
Both plans hold the same portfolio. A Direct plan is bought straight from the fund house and has a lower expense ratio. A Regular plan is bought through a distributor, who is paid a commission from the expense ratio, so its NAV grows slightly slower.
What are ELSS Tax Saver Funds?
ELSS Tax Saver Funds invest at least 80% in equity and come with a 3-year lock-in. Investments can qualify for a tax deduction of up to ₹1.5 lakh a year under the old tax regime; there is no such deduction under the new regime.
How are gains from NJ ELSS Tax Saver Fund taxed?
It is taxed as an equity-oriented fund: gains on units held up to 12 months are taxed at 20%; after 12 months, gains above ₹1.25 lakh a year are taxed at 12.5% (plus surcharge and cess).
Important. NAVs are from AMFI and mfapi.in; benchmark closes from Yahoo Finance; expense ratio, fund size and managers from published scheme data (Kuvera). Figures may be delayed; confirm with the fund house before transacting. Ranks and quartiles are positions by past return and are not a rating or recommendation. Mutual fund investments are subject to market risks; read all scheme-related documents carefully before investing. Plenitude Connect Private Limited is an AMFI-registered Mutual Fund Distributor (ARN-130934) and earns commission from fund houses on Regular plans (see Disclosures).
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