Fund Facts
-
Name of Fund:Navi ELSS Tax Saver Nifty 50 Index Fund
-
Opening:14th February 2023
-
Closing:28th February 2023
-
Scheme Type:Open Ended ELSS Fund
-
Minimum Investment:Rs. 500/-and in multiples of Rs. 500/- thereafter.
-
Plan:Regular and Direct
-
Options:Growth and IDCW
-
Entry Load:Not Applicable
-
Exit Road:Nil
-
Thereafter:Nil
Fund Stats
Objective
The investment objective of the Scheme is to invest in companies whose securities are included in Nifty 50 Index (the Index) and to endeavour to achieve the returns of the index, though subject to tracking error.
Benchmark:
S&P CNX Nifty Total Return Index
Fund Manager:
Aditya Mulki
Asset Allocation
95-100%
Equity
upto 5%
Money Market
Comparable existing schemes
| HDFC Tax Saver Fund | 2.13(6M) | 17.40(1Y) |
| Kotak Tax Saver Fund | 1.19(6M) | 11.69(1Y) |
Fund Prognosis
Idea Distiller
It is a basic product from a new company.
Fund House AAUM:
Rs. 218449.77 Lakhs (as on 31st December 2022)
Fund Manager:
Combined experience of above 6 years
Scheme DNA 4 fundamentals
- UNIQNESS
- RETURN
- RISK
- OPERABILITY
OOMP Factor
It takes a huge degree of commitment to expand on a product that has been there forever. And for any company that’s a stretch. So, obviously a low ooomph product.