Fundalysisby DARKHORSESTOCKS

Scheme

Nippon India ELSS Tax Saver Fund

Holds 61 companies worth ₹13,976 Cr in Sept 2026.

  • Fund house

    NipponThe fund house that runs this scheme.

  • AUM

    ₹14,096 CrNippon India ELSS Tax Saver Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 4.2% on Aug 2026, ₹14,718 Cr.

  • Largest holding

    HDFC BankHDFC Bank is 7.9% of this scheme's NAV.

  • Fund manager

    Rupesh PatelRuns it since 1 Jul 2021, as the fund house dates it. With Ritesh Rathod (co-manager).

Overview(8 Oct 2026)

Fund managers2

  1. Rupesh PatelFund manager · Jul 2021 · 27y · MBA B.E.
  2. Ritesh RathodCo-manager · Aug 2024 · 20y · CFA FRM MBA

    Key facts

    Benchmark
    Tier 1 Benchmark: Nifty 500 TRI
    Risk
    Very High
    Expense
    Regular 1.8% · Direct 1.13%
    Exit load
    Nil
    Started
    21 Sept 2005
    Minimum
    ₹500

    Source.Its Scheme Summary Document as of 8 Oct 2026 at AMFI.

    What changed(18 changes)

    Oct 2026

    1 change
    1. Expense ratio
      8 OctRegular 1.78% → 1.8%Direct 1.11% → 1.13%

    Sept 2026

    1 change
    1. Category
      9 SeptEquity: ELSS → Sectoral Fund

    Aug 2026

    1 change
    1. Expense ratio
      23 AugDirect 1.12% → 1.11%

    Source.Its filings at NSE, since Aug 2024.

    Fund managers over time(Jul 2021 – now)

    1. Rupesh Patel
    2. Ritesh Rathod
    MainCoSlice20222023202420252026
    Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

    Costs(Aug 2024 – Oct 2026)

    Every change to the expense ratio, newest first.
    18 changesRegularDirectΔ pt
    8 Oct 20261.80%1.13%0.02
    23 Aug 20261.78%1.11%0.01
    9 Jul 20261.78%1.12%0.10
    9 Jun 20261.69%1.02%0.04
    14 May 20261.73%1.06%0.16
    7 May 20261.89%1.22%0.19
    9 Apr 20261.70%1.03%0
    9 Mar 20261.71%1.03%0.01
    9 Dec 20251.70%1.02%0.01
    10 Nov 20251.69%1.01%0.01
    10 Sept 20251.70%1.02%0.01
    10 Jun 20251.69%1.01%0.01
    10 May 20251.70%1.02%0.02
    10 Apr 20251.72%1.04%0
    10 Feb 20251.71%1.04%0.01
    11 Nov 20241.70%1.03%0.02
    20 Sept 20241.68%1.01%0.01
    20 Aug 20241.69%1.02%–
    Direct plan, 8 Oct 2026
    1.13%
    Regular plan 1.80% · Exit load nil
    Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

    Objective and risk(8 Oct 2026)

    Objective

    The primary investment objective of the scheme is to generate long-term capital growth by predominantly investing in an active and concentrated portfolio of equity & equity related instruments up to 30 companies across market capitalization. The secondary objective of the scheme is to generate consistent returns by investing in debt, money market securities, REITs and InvITs. There is no assurance or guarantee that the investment objective of the scheme will be achieved.

    Risk, type and benchmark

    Riskometer
    Very High
    At launch
    Moderately High
    Type
    An open-ended scheme with attributes in accordance with Equity Linked Saving Scheme, 2005 notified by Ministry of Finance
    Benchmark
    Tier 1 Benchmark: Nifty 500 TRI

    Asset allocation it may hold% of NAV

    1. Equity and Equity related securities
      Allowed80–100%Holds99.1%
    2. Debt and Money Market Instrument
      Allowed0–20%Holds0.9%

    Holds in Sept 2026.99.1% equity · 0.9% debt and cash

    How to invest(8 Oct 2026)

    Buying

    To start
    ₹500, then in multiples of ₹500
    To add
    ₹500, then in multiples of ₹500
    Most
    Any
    Systematic
    SIP - Monthly, Quarterly, Yearly SWP - Monthly / Quarterly / Half yearly / Yearly STP - Daily/ Weekly/ Fortnightly/ Monthly / Quarterly
    Dates
    SIP - 1st to 31st of a month SWP - 1st, 8th, 15th, 22nd transaction day (if holiday, then next working day) STP - 1st to 28th of a month
    Minimum
    SIP - Rs.500/- per month (minimum 12 months) Rs.1000/- per month (minimum 6 months) Rs. 500/- per quarter (minimum 12 quarters) Rs.1500/- per quarter (minimum 4 quarters) Rs. 5000/- per year (minimum 2 years) SWP - 500 STP - Daily- Minimum of Rs. 500 Weekly / Fortnight / Monthly option - Rs. 1000 Quarterly - Rs. 3000 Capital Appreciation Monthly/ Quarterly - Rs. 500, then sIP - 500 SWP - 1 STP - 1
    Instalments
    SIP - 12 months for Rs. 500 per month 6 months for Rs. 1,000 per month 12 quarters for Rs. 500 per quarter 4 quarters for Rs. 1500 per quarter 2 years for Rs. 5000 per Year SWP - 2 STP - 2
    Most
    SIP - Any SWP - Any STP - Any

    Selling and switching

    To redeem
    ₹100 or Any units
    Switch minimum
    ₹500
    Switch multiples
    ₹500

    Scheme details(8 Oct 2026)

    What it is

    Category
    Sectoral Fund
    Offer
    25 Jul 2005 to 23 Aug 2005
    Started
    21 Sept 2005
    Reopened
    22 Sept 2005
    Plans
    Direct Plan IDCW Plan Payout · Direct Plan IDCW Plan Reinvestment · Direct Plan Growth Plan - Growth Option Growth · Direct Annual IDCW Plan Payout · IDCW Plan Payout · IDCW Plan Reinvestment · Annual IDCW Plan Payout · Growth Plan - Growth Option Growth
    Face value
    ₹10
    Listed
    No

    How it is run

    Swing pricing
    No
    Side-pocketing
    No
    Custodian
    Deutsche Bank
    Auditor
    Walker Chandiok & Co LLP
    Registrar
    KFin Technologies Limited
    SEBI code
    NIMF/O/E/ELS/05/07/0027