NJ ELSS Tax Saver Scheme
NFO opens on March 13, 2023
NFO will close on June 09, 2023
(Our detailed Guidance is given at the bottom of the Page)
Investment Strategy
The Scheme seeks to generate income and long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related instruments.
Basic Details
Fund House | NJ Mutual Fund |
Issue Open | 13 March 2023 |
Issue Close | 09 June 2023 |
Type | Open-ended |
Category | Equity: ELSS |
Min. Investment(Rs) | 500 |
Plans | Growth, IDCW |
Lock-in Period | 3 Years |
Exit Load | 0 |
Riskometer | Very High |
Benchmark | NIFTY 500 TRI |
About Benchmark Index
The Nifty 500 index represents top 500 companies selected based on full market capitalization from the eligible universe.
Nifty 500 Index is computed using free float market capitalization method, wherein the level of the index reflects the total free float market value of all the stocks in the index relative to particular base period. Nifty 500 can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variants: Nifty 500 Total Returns Index, Nifty500 Industry Indices.
Past Performance of Benchmark Index
Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
Price Return | -6.02 | -6.02 | 1.47 | 9.41 | 9.96 |
Total Return | -5.93 | -5.93 | 2.58 | 10.66 | 11.69 |
Statistics ## | 1 Year | 5 Years | Since Inception |
Std. Deviation * | 15.14 | 18.77 | 22.75 |
Beta (NIFTY 50) | 0.97 | 0.96 | 0.93 |
Correlation (NIFTY 50) | 0.98 | 0.99 | 0.95 |
Fundamentals
P/E | P/B | Dividend Yield |
21.21 | 3.82 | 1.44 |
Fund Manager
1) Viral Shah
Education: Mr. Shah has done B.E. and MBA (Finance)
Experience: Mr. Shah has started his career with NJ Group and has been Principal Officer for PMS segment with NJ Asset Management for more than 10 years.
Past Performance of his Schemes
Fund | NJ Balanced Advantage Fund | It’s Benchmark | NJ Overnight Fund | It’s Benchmark |
1 Year | 11.44 | 12.89 | — | — |
3 Year | — | — | — | — |
5 Year | — | — | — | — |
7 Year | — | — | — | — |
10 Year | — | — | — | — |
AMC:
NJ Asset Management Pvt Ltd.
Address: Unit No. 101A, 1st Floor, Hallmark Business Plaza, Bandra (East), Mumbai – 400051
Website: https://njmutualfund.com
Registrar & Transfer Agent:
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: www.karvymfs.com
Guidance for NJ ELSS Tax Saver Scheme
by Paresh Gordhandas, C.A., Research Analyst.
The Scheme seeks to generate income and long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related instruments and its benchmark is Nifty 500 index, which represent the top 500 copies of NSE. The benchmark index has provided price return of 9.96% since inception. Since this index is very broad based, the FM has liberty to invest in different categories of the companies. So if the FM is really expert in picking us good scrips, then this scheme may provide bumper returns to the investors.
The FM, Mr. Viral Shah has done B.E. and MBA (Finance) and is working with NJ group since last 10 years. To assess, his past performance, we have randomly picked one fund managed by him. The said fund during last one year has performed marginally below the benchmark index, as shown in the above table. However, his performance, for the period year till date is much better than the benchmark.
Conclusion: You may invest in this NFO. Invest Online
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