Navi ELSS Tax Saver Fund Regular Growth

• Alpha -3.05%
• Beta 0.98
• Sharpe Ratio0.38
• Std Deviation 13.05%
• Tracking Error 6.85%

"The Scheme will seek to invest in a diversified portfolio of equity and equity related instruments with the objective to provide investors with opportunities for capital appreciation and income generation along with the benefit of income tax deduction (under Section 80 C of the Income Tax Act, 1961) on their investments. Specified Investors in the Scheme are entitled to deductions of the amount invested in Units of the Scheme, subject to a maximum of Rs. 1,50,000/- under and in terms of Section 80 C (2) (xiii) of the Income Tax Act, 1961. Investment in this scheme would be subject to statutory lock-in period of 3 years from the date of allotment to be eligible for income tax benefit under section 80 C. There is no assurance that the investment objective of the Scheme will be achieved."

The Navi ELSS Tax Saver Fund Regular Growth has an AUM of 62.40 crores & has delivered CAGR of 13.36% in the last 5 years. The fund has an exit load of 0.00% and an expense ratio of 2.25%. The minimum investment in Navi ELSS Tax Saver Fund Regular Growth is Rs 500 and the minimum SIP is Rs 500.

As per morningstar the risk & return rating of the fund are Medium & Exceptional respectively.

The top holdings of the fund include Treps/Reverse Repo/Net Current Assets/Cash/Cash Equivalent, HDFC Bank, Bharti Airtel & Reliance Industries.

The major sectors where the fund is invested are Regional Banks, Software & Programming, Biotechnology & Drugs & Consumer Financial Services.

Some of the similar funds are SBI Long Term Advantage Fund Series I Regular Growth, Bank of India Midcap Tax Fund Series 1 Regular Growth, Shriram ELSS Tax Saver Fund Regular Growth, Navi ELSS Tax Saver Fund Regular Growth, Navi ELSS Tax Saver Nifty 50 Index Fund Regular Growth. Navi ELSS Tax Saver Fund Regular Growth has a sharpe ratio of 0.38 & a standard deviation of 13.05%.