What is new name of Reliance tax Saver fund?
What is new name of Reliance tax Saver fund?
1. The Current Net Asset Value of the Nippon India Tax Saver (ELSS) Fund as of 06 May 2022 is Rs 72.6170 for Growth option of its Regular plan….Basic Details.
| Fund House | Nippon India Mutual Fund |
|---|---|
| Return Since Launch | 12.66% |
| Benchmark | NIFTY 500 Total Return Index |
| Riskometer | Very High |
| Type | Open-ended |
Is SIP a tax saver?
SIPs can be one of the best tax-saving instruments with high returns on your investments. You can claim a deduction of up to Rs. 1.5 lakh from your taxable income for investing in ELSS through SIPs under Section 80(C) of The Income Tax Act, 1961.
Is Nippon India Tax Saver fund good?
Nippon India Tax Saver fund has performed very well in the last year. It was among the top performers during last year. However, the scheme had a rough patch between 2018-20. It performed very well in 2017, which was followed by a poor patch in the following three years when the scheme was in the last quartile.
What is the NAV of Nippon India Tax Saver fund?
NAV as on April 29, 2022: ` 75.7727
| Performance of Nippon India Tax Saver (ELSS) Fund as on 29/04/2022 | ||
|---|---|---|
| Particulars | 1 Year CAGR % | Since Inception |
| B:Nifty 500 TRI | 20.93 | 13.30 |
| AB:S&P BSE Sensex TRI | 18.24 | 13.65 |
| Value of `10000 Invested |
What is Reliance tax Saver ELSS?
Reliance Tax Saver Fund is an Equity Linked Savings Scheme (ELSS) which offers long-term capital appreciation. The fund invests predominantly in equity, and equity-linked derivatives and have a minimum lock-in period of 3 years.
Should I continue with Nippon tax saver?
Though the performance of Nippon India Tax Saver (ELSS) Fund has not been good in the past, the scheme has started picking up recently. It is better to wait for now. You can exit the fund when it starts performing really well.