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 | ₹14.28 (as of 2026-08-21) |
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| AUM | ₹332 Cr |
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| Expense ratio | 2.10% |
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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 | 0.34 |
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| Standard deviation | 16.00% |
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| Max drawdown | -23.40% |
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| Alpha | -1.07 |
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| Beta | 0.96 |
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Over 5 years, captured 88.7% of Nifty 500's upside and 88.8% of its downside.
Market cap allocation
| Large cap | 26.6% |
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| Mid cap | 37.4% |
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| Small cap | 36.0% |
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Concentration
| Top 5 holdings | 26.5% |
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| Top 10 holdings | 50.2% |
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| Total holdings | 25 |
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| Index overlap | 4.1% |
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| Active share | 95.9% |
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Top holdings
- Pidilite Industries Ltd. — 5.6%
- Bosch Ltd — 5.4%
- Marico Limited — 5.3%
- Page Industries Ltd. — 5.2%
- Hero MotoCorp Limited — 5.0%
- Mphasis Limited — 4.9%
- ABB India Limited — 4.8%
- AU Small Finance Bank Limited — 4.8%
- JSW Dulux Limited — 4.7%
- Britannia Industries Ltd. — 4.5%
Top sectors
- Pharma & Biotech — 14.7%
- Banking & Financial — 13.6%
- Automobile — 10.4%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 1.7% | Q2 | #22 of 52 |
| 2025 | -4.6% | Q4 (Bottom) | #48 of 51 |
| 2024 | 13.9% | Q4 (Bottom) | #40 of 51 |