NJ ELSS Tax Saver Fund
NJ Mutual Fund · ELSS · Regular plan, growth option
NAV (₹), 1 Oct 2026
13.3900
1-day change
-0.67%
1Y return
-5.4%
3Y CAGR
6.6%
5Y CAGR
n/a
Max drawdown, 5Y
n/a
NAV history month-end NAV, ₹ · 19 Jun 2023 to 1 Oct 2026
Returns vs ELSS median (39 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | -5.6% | -5.7% |
| 3 months | -2.7% | -4.2% |
| 6 months | 5.0% | 5.9% |
| Year to date | -4.6% | -5.5% |
| 1 year | -5.4% | -3.4% |
| 3 years (CAGR) | 6.6% | 9.1% |
| 5 years (CAGR) | n/a | 9.2% |
| 7 years (CAGR) | n/a | 13.9% |
| 10 years (CAGR) | n/a | 12.0% |
| Since first NAV (CAGR) | 9.2% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | -0.5% | 10.7% |
| 3Y rolling median | 10.3% | 14.5% |
| 3Y rolling worst | 6.6% | -5.3% |
| 3Y periods positive | 100% | 97% |
| 3Y periods ahead of benchmark | 0% | 42% |
| 5Y rolling median | n/a | 14.3% |
| 5Y rolling worst | n/a | 0.2% |
| 5Y periods ahead of benchmark | n/a | 44% |
Benchmark: Nifty 500 (proxy: Motilal Oswal Nifty 500 Index Fund, price return).
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 16.3% | 15.4% |
| Sharpe ratio | 0.04 | 0.25 |
| Sortino ratio | 0.05 | 0.35 |
| Beta | 0.97 | 0.96 |
| Alpha (ann.) | -2.7% | 0.5% |
| Upside capture | 86.75 | 95.21 |
| Downside capture | 98.85 | 98.01 |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −23.4% | −37.8% |
| Maximum drawdown, last 10Y | n/a | −36.9% |
| Maximum drawdown, last 5Y | n/a | −18.9% |
| Current drawdown | −17.5% | −9.3% |
| Recovery time of worst fall | n/a | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 2.55% a year and the Direct plan's 0.79%, a gap of 1.76%; over the last 3 years the Direct plan returned 1.91 percentage points a year more. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹39,49,594.
With the Regular plan, that cost pays a distributor to help you plan, choose and review funds, and stay invested when markets fall. Whether it is worth it depends on how much of that you will do yourself.
TER: AMFI TER disclosure. Returns: AMFI NAVs. Illustration, not a guaranteed saving or return.
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Viral Shah | n/a | |
| Dhaval Patel | 19 Jun 2023 | |
| Jaimin Ilavia | 11 Jun 2026 |
Objective: NJ ELSS Tax Saver Fund is an open ended equity linked saving scheme. 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.
Stated asset allocation: Instruments Indicative allocations (% of total assets) Equity & Equity related instruments Minimum 80% - Maximum 100% Risk Profile – Medium to High Debt and money market instruments - Minimum 0% - Maximum 20% Risk Profile - Low to Medium
Benchmark (tier 1): NIFTY 500 TRI
Minimum application: ₹500
Allotment date: 16 Jun 2023
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Regular plan | 2.55% | 2.23% |
| AUM, whole scheme (₹ crore) | 332 | 1,987 |
| Riskometer | Very High | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | -4.4% | -2.0% TRI |
| Return, 3 years (AMFI) | 6.9% | 9.5% TRI |
Official benchmark: Nifty 500 TRI (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, ELSS Regular plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Nifty 500 proxy | Difference |
|---|---|---|---|
| 2026 YTD | -4.6% | -7.8% | +3.1% |
| 2025 | -4.6% | 7.7% | −12.2% |
| 2024 | 13.9% | 15.6% | −1.8% |
Benchmark proxy: Motilal Oswal Nifty 500 Index Fund (Direct plan NAV, price return), which carries its own costs. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 1 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,16,641 | -5.1% |
| 3 years | ₹3,60,000 | ₹3,51,226 | -1.6% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
AMC: NJ Mutual Fund
Category: ELSS
Plan / option: Regular · Growth
AMFI scheme code: 151609
ISIN: INF0J8L01099
First NAV in MFIC data: 19 Jun 2023
History: 3.3 years
Portfolio holdings: see the scheme's monthly portfolio disclosure on the fund house website
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| NJ Flexi Cap Fund | Flexi Cap | 0.96 | 7.0% |
| PGIM India Multi Cap Fund | Multi Cap | 0.95 | n/a |
| Baroda BNP Paribas Dividend Yield Fund | Dividend Yield | 0.95 | n/a |
| Edelweiss Business Cycle Fund | Sectoral/Thematic | 0.94 | n/a |
| HDFC Multi Cap Fund | Multi Cap | 0.94 | 9.1% |
| Axis Value Fund | Value | 0.94 | 15.0% |
Questions about NJ ELSS Tax Saver Fund
- What is the latest NAV of NJ ELSS Tax Saver Fund?
- The NAV of the Regular plan (growth option) was ₹13.3900 on 1 Oct 2026, as published by AMFI.
- Which category is NJ ELSS Tax Saver Fund in?
- It is classified as ELSS in AMFI's daily NAV file; a ELSS scheme is an equity-linked savings scheme with a three-year lock-in. MFIC compares it with 39 ELSS schemes (Regular plans).
- What returns has NJ ELSS Tax Saver Fund delivered?
- Over one year the NAV changed by -5.4%. The 3-year CAGR is 6.6% (category median 9.1%). Returns are after expenses and before tax. Past performance may or may not be sustained in future.
- How consistent have its 3-year returns been?
- Measuring a 3-year CAGR from every business day in its history, the median was 10.3%, the lowest was 6.6%, and 100% of 3-year periods ended with a gain. It was ahead of Nifty 500 (index-fund proxy) in 0% of those periods.
- What was the largest fall in NJ ELSS Tax Saver Fund's NAV?
- The largest peak-to-trough fall in its available history was 23.4%.
- How volatile is NJ ELSS Tax Saver Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 16.3%, which is above the ELSS category median of 15.4%.
- What would a monthly SIP in NJ ELSS Tax Saver Fund have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 3 years (36 instalments, ₹3,60,000 invested) would have been worth about ₹3,51,226 on 1 Oct 2026, an annualised return (XIRR) of -1.6%. This uses the Regular plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- What is the expense ratio (TER) of NJ ELSS Tax Saver Fund?
- The total expense ratio of the Regular plan is 2.55% a year, as disclosed to AMFI (median of ELSS Regular plans: 2.23%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is NJ ELSS Tax Saver Fund?
- Assets under management of the whole scheme were ₹332 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of NJ ELSS Tax Saver Fund?
- AMFI lists the scheme's riskometer as “Very High”, and its benchmark's as “Very High”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- What is the benchmark of NJ ELSS Tax Saver Fund and how has it compared?
- Its official benchmark is the Nifty 500 TRI. Over 3 years AMFI reports a return of 6.9% for this plan against 9.5% for the benchmark total return index. Past performance does not indicate future results.
- Who manages NJ ELSS Tax Saver Fund?
- According to its Scheme Summary Document, NJ ELSS Tax Saver Fund is managed by Viral Shah, Dhaval Patel (since 19 Jun 2023), Jaimin Ilavia (since 11 Jun 2026).
- What is the minimum investment in NJ ELSS Tax Saver Fund?
- The minimum application amount is ₹500. SIP details: Rs. 500/- and in multiple of Rs. 500/- thereafter.
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by -3.7% and the Regular plan's by -5.4%. The Regular plan includes the services of a distributor.
Reviewing your own mutual fund portfolio?
Integrato's team can walk you through how your current schemes have behaved, using the same data shown here. Integrato is an AMFI-registered Mutual Fund Distributor.
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 1 Oct 2026. Category medians use Regular plans in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.