Nippon India Tax Saver Fund * Return since Launch: 13.25% Invest Now

Nippon India Tax Saver Fund Overview

Nippon India Tax Saver Fund is an open-ended ELSS Fund. This fund is managed by Mr. Ashwani Kumar. Nippon India Tax Saver Fund has launched on 21st September 2005. The AUM amount of Nippon India Tax Saver Fund is Rs.10, 720cr. (as on 30th April 219). The risk of this fund is moderately high. The benchmark of Nippon India Tax Saver Fund is S&P BSE 100 TRI. The exit load is zero for Nippon India Tax Saver Fund. The minimum investment is Rs.500 for Nippon India Tax Saver Fund. Nippon India Tax Saver Fund has 99.9% investment in Indian stocks of which 61.61% is in the large cap stocks, 20.99% is in mid cap stocks, and 17.08% is in small cap stocks.

Eligibility criteria of Nippon India Tax Saver Fund

• Adult citizens residing in India.
• Minor through legal guardians/parents.
• Limited liability partnership.
• Religious and charitable trusts.
• Banking and financial institutions
• Mutual Funds or Alternative Investment Funds which have registrations under the Securities and Exchange Board of India
• The Karta of Hindu Undivided Family (HUF)
• Persons of Indian origin residing abroad (PIOs) or Non-Resident Indians can apply for subscription either on repatriation basis or on non-repatriation basis (permitted under Schedule 5 of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000)
• Foreign Institutional Investors (FIIs) who have registration under the Securities and Exchange Board of India on repatriation basis (permitted under Schedule 5 of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000)
• Mutual Funds or Alternative Investment Funds which have registrations under the Securities and Exchange Board of India
• Other schemes of Mutual Funds subject to the conditions and limits prescribed by SEBI Regulations.

Documents require for Nippon India Tax Saver Fund

KYC Documents:

• PAN Card
• AADHAR Card
• Voter's ID
• Passport size Photograph
• The investors will be issued an acknowledgement reciept which he/she needs to submit while applying for subscribing for a mutual fund scheme.

Advantages of Nippon India Tax Saver Fund

• Well organized investment.
• Small investment option.
• Quick purchase and sell option.
• You can track your investment easily.
• Mutual Funds are managed by professionals.
• The return of mutual fund is higher than any other financial instrument.
• This is an ELSS Fund so you will get the tax benefit under 80C up to Rs. 1.5lakh.
• All Mutual Fund Companies are regulated by SEBI so no one will fly away with your hard earned money.