Invest in Navi ELSS Tax Saver Nifty 50 Index Fund
Tax savings upto ₹46,800* with India’s top 50 companies
Navi ELSS Tax Saver Nifty 50 Index Fund
An open-ended passive equity linked saving scheme with a statutory lock in of 3 years and tax benefit replicating/tracking the Nifty 50 index.
Introducing Navi ELSS Tax Saver Nifty 50 Index Fund, a unique tax-saver index fund that gives low-cost exposure to India's top 50 companies across 14 sectors. This is an open-ended equity-linked savings scheme (ELSS) that offers a higher returns potential through its passive investment strategy.
What's so special?
This ELSS index fund offers tax deduction benefits of up to ₹1.5 Lakh under Section 80C of the I-T Act every financial year. This means investors can not just save on their tax liability but also get closer to their financial goals with its higher returns potential.
A lock-in period of just 3 years from the date of investment, the least among alternatives under Section 80C of the I-T Act.
Additionally, investors would gain exposure to the Nifty 50 companies - the flag bearers of India’s growth story across multiple sectors.
The passive investment strategy of this ELSS index fund is immensely advantageous too. Unlike its actively managed counterparts, where a fund manager makes all the decisions, this fund simply tracks the Nifty 50 index without biases. This eliminates the risk of human discretion and ensures that the portfolio remains closely aligned with the performance of the index.
What's so special?
This ELSS index fund offers tax deduction benefits of up to ₹1.5 Lakh under Section 80C of the I-T Act every financial year. This means investors can not just save on their tax liability but also get closer to their financial goals with its higher returns potential.
A lock-in period of just 3 years from the date of investment, the least among alternatives under Section 80C of the I-T Act.
Additionally, investors would gain exposure to the Nifty 50 companies - the flag bearers of India’s growth story across multiple sectors.
The passive investment strategy of this ELSS index fund is immensely advantageous too. Unlike its actively managed counterparts, where a fund manager makes all the decisions, this fund simply tracks the Nifty 50 index without biases. This eliminates the risk of human discretion and ensures that the portfolio remains closely aligned with the performance of the index.
Who should Invest?
Investors who are yet to maximise the 80C tax benefits while also looking at long-term instruments with a high returns potential and liquidity.
Investors who want to benefit from a diversified portfolio of India's 50 largest companies across 14 sectors.
Investors who are looking for a transparent investment strategy with low costs of investing.
Benefits of investing in Navi ELSS Tax Saver Nifty 50 Index Fund
Max Tax Savings
Investors can save up to ₹46,800* in taxes every financial year.
Exposure to India’s Top 50 Companies
Gives your portfolio the leading edge by investing in India’s 50 largest companies.
Low-Cost Investment
The Total Expense Ratio of this ELSS is only 0.12% for Direct plan, one of the lowest in its category.
Asset Allocation*
| Instruments | Indicative Allocation | Risk Profile | |
|---|---|---|---|
| Minimum | Maximum | Low/ Medium/ High | |
| Equity and Equity Related Instruments covered by Nifty 50 Index | 95% | 100% | High |
| Debt & Money Market Instruments | 0% | 5% | Low to Medium |
*Refer Scheme Information document for complete details.
Mr. Aditya Mulki
Fund Manager of all Equity Schemes of Navi AMC Limited.
7 years of experience as an Equity Analyst, Quantum Advisors Ltd. Covered consumer staples, discretionary, building materials and media sectors (Dec 2015 to Sep 2021). Contributing to NAVI AMC from Oct 2021- present.
7 years of experience as an Equity Analyst, Quantum Advisors Ltd. Covered consumer staples, discretionary, building materials and media sectors (Dec 2015 to Sep 2021). Contributing to NAVI AMC from Oct 2021- present.
Risk Assessment
This product is suitable for investors who are seeking*
- Capital appreciation over long term
- Investment in stocks comprising the Nifty 50 Index in the same proportion as in the index to achieve returns equivalent to the Total Returns Index of Nifty 50 Index, subject to tracking error while offering deduction under Section 80C of IT Act, 1961
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Frequently Asked Questions
Why should I invest in the Navi ELSS Tax Saver Nifty 50 Index Fund?
This ELSS index fund offers tax deduction benefits of up to ₹1.5 Lakh under Section 80C of the I-T Act every financial year. This means investors can not just save on their tax liability but also get closer to their financial goals with its higher returns potential. Additionally, investors would gain exposure to the Nifty 50 companies - the flag bearers of India’s growth story across multiple sectors.
What is NFO?
A new fund offer (NFO) is the initial public offering of units of a mutual fund. It is the first time that the fund has been made available to investors for subscription. The NFO period is typically open for a limited time, during which investors can purchase units in the new fund at the issue price. After the NFO period, units of the fund can be bought and sold at the prevailing market price.
Which benchmark index does the scheme follow?
Navi ELSS Tax Saver Nifty 50 Index Fund tracks Nifty 50 index, which is considered to be a benchmark index for the Indian stock market and comprises the 50 largest publicly traded companies in India.
What will be my tax savings?
By investing in this fund, you can save up to ₹46,800* in taxes every financial year in a simple, convenient, and transparent manner.
When can I invest?
The NFO will open on 14 Feb 2023 and close on 21 Feb 2023. It is available for a limited period only.
How can I invest?
You can invest in Navi ELSS Tax Saver Nifty 50 Index Fund, starting at just ₹500, on the Navi app. The app is available on PlayStore and AppStore.
Company
Important Links
Knowledge Centre
Navi Mutual Fund is registered with the Securities & Exchange Board of India (SEBI) with Anmol Como Broking Private Limited as its Sponsor. Navi AMC Limited is the Investment Manager to Navi Mutual Fund. Navi Trustee Limited is the trustee to Navi AMC Limited. In addition to Navi AMC, Navi offers a range of financial services and products such as Cash Loans, Housing Loans and General Insurance. Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
Registered Office Address: Vaishnavi Tech Square, 7th Floor, Iballur Village, Taluk, Bagalur, Begur, Hobli, Bengaluru, Karnataka 560102
Mutual fund investments are subject to market risks, read all scheme related documents carefully.
Disclaimer(ELSS Fund): *This tax saving is for illustrative purpose only. The same has been arrived at for an individual in the 30% Income Tax Bracket with a maximum investment of Rs. 1.5 lakh. Investments made in an ELSS fund are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Please contact your financial and tax advisors to know more.
Registered Office Address: Vaishnavi Tech Square, 7th Floor, Iballur Village, Taluk, Bagalur, Begur, Hobli, Bengaluru, Karnataka 560102
Mutual fund investments are subject to market risks, read all scheme related documents carefully.
Disclaimer(ELSS Fund): *This tax saving is for illustrative purpose only. The same has been arrived at for an individual in the 30% Income Tax Bracket with a maximum investment of Rs. 1.5 lakh. Investments made in an ELSS fund are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Please contact your financial and tax advisors to know more.
All information is subject to specific conditions | © 2023 Navi Technologies Ltd. All rights are reserved.