NJ ELSS Tax Saver Scheme
The Scheme seeks to generate income and long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related instruments.
Growthvine rating: 2/5 — ranked #42 of 57 in category.
Fund basics
| Category | Equity: ELSS |
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| NAV | ₹13.39 (as of 2026-10-01) |
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| AUM | ₹349 Cr |
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| Expense ratio | 2.08% |
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| Riskometer | Very High |
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| Fund manager | Dhaval Patel |
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| Exit load | 0 |
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Performance & risk
| Sharpe ratio | 0.29 |
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| Standard deviation | 15.97% |
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| Max drawdown | −23.40% |
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| Alpha | -1.07 |
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| Beta | 0.97 |
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Over 5 years, captured 89.2% of Nifty 500's upside and 89.2% of its downside.
Market cap allocation
| Large cap | 27.1% |
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| Mid cap | 37.4% |
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| Small cap | 35.5% |
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Concentration
| Top 5 holdings | 27.6% |
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| Top 10 holdings | 51.5% |
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| Total holdings | 25 |
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| Index overlap | 4.2% |
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| Active share | 95.8% |
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Top holdings
- Bosch Ltd — 6.6%
- Pidilite Industries Ltd. — 5.8%
- JSW Dulux Limited — 5.1%
- Hero MotoCorp Limited — 5.1%
- Mphasis Limited — 5.1%
- Marico Limited — 5.0%
- ABB India Limited — 5.0%
- AU Small Finance Bank Limited — 4.9%
- Page Industries Ltd. — 4.6%
- Britannia Industries Ltd. — 4.3%
Top sectors
- Pharma & Biotech — 14.6%
- Finance & Investments — 12.9%
- Automobile — 11.6%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −4.6% | Q2 | #23 of 52 |
| 2025 | −4.6% | Q4 (Bottom) | #48 of 51 |
| 2024 | 13.9% | Q4 (Bottom) | #40 of 51 |