Investment type
Sundaram ELSS Tax Saver Fund - Direct (G) is a mutual fund under the Large Cap category, managed by Nippon India Mutual Fund. It was launched on January 1, 2013, and has been active for over 12 years. As of June 30, 2024, the fund manages assets worth ₹35,700 Crores, placing it as a medium-sized fund in its category. The expense ratio is 0.66%, which is relatively lower compared to many other Tax Saving Funds.
This fund generated returns of 12.46% in the last 1 year. Since its inception, it has provided an average annual return of 16.21%. Historically, it has doubled the invested capital approximately 4 years.
The fund stands out for its consistent ability to generate returns, outperforming most of its peers in this category. It also shows a strong capability to limit losses during market downturns, offering better downside protection compared to many other funds.
The fund's investments are mainly concentrated in sectors like Financials, Energy, Technology, Consumer Staples, and Services. However, compared to other Tax Saving Funds, it has a slightly lower exposure to the Financial and Energy sectors.
The top five holdings in this fund include prominent companies such as HDFC Bank Ltd., Reliance Industries Ltd., ICICI Bank Ltd., ITC Ltd., and Infosys Ltd.
Nippon India Large Cap Fund seeks to generate long term capital appreciation by investing predominantly into equity and equity related instruments of large cap companies.
ELSS funds carry moderate to high risk due to their equity exposure, though they also offer tax benefits.
Yes, if you want tax savings and are willing to invest in equities with a three-year lock-in period.
The minimum is three years, but staying invested longer can help maximize returns.
No, ELSS funds have a mandatory lock-in period of three years.
Expense ratios for ELSS funds can vary from 1% to 2%, which is typical for actively managed funds.
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