NJ ELSS Tax Saver Fund is an ELSS fund run by NJ Mutual Fund. In the 3 years to 30-10-2026, its Direct plan returned 8.2% a year and its Regular plan returned 6.3% a year. Its benchmark, Nifty 500 TRI, returned 10.2% a year over the same 3 years.
NAV on 30-10-2026: Direct Plan Growth ₹13.83 (down 0.79% that day); Regular Plan Growth ₹13.02 (down 0.76% that day).
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Period | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| This fund (Direct) | −3.29% | −7.80% | −2.95% | −7.06% | +8.23% | -- | -- |
| This fund (Regular) | −3.41% | −8.18% | −3.84% | −8.70% | +6.30% | -- | -- |
| Nifty 500 TRI | −0.75% | −6.05% | −2.83% | −7.34% | +10.22% | +8.81% | +12.51% |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | -- | -- |
| Best in ELSS | +1.27% | −1.66% | +5.11% | +2.97% | +19.52% | -- | -- |
| Worst in ELSS | −8.36% | −10.02% | −7.36% | −11.32% | +2.93% | -- | -- |
| Rank in ELSS | 36/50 | 43/50 | 34/50 | 33/50 | 42/49 | -- | -- |
Category rows compare the Direct plans of 50 ELSS funds. Rank 1 is the highest return.
| Year | Direct | Regular | Nifty 500 TRI |
|---|---|---|---|
| 2026to date | −5.92% | −7.26% | −7.51% |
| 2025 | −2.78% | −4.55% | +7.76% |
| 2024 | +15.86% | +13.85% | +16.24% |
The return of every holding period in the fund's history, not only the one that ends today
Rolling returns
Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 91 periods, one for each trading day from 19-06-2026 to 30-10-2026.
NJ ELSS Tax Saver Fund (Direct)
Nifty 500 TRI
Every holding period at a glance
| Period | Periods | Median | Lowest | Highest | With a loss | Benchmark median | Beat benchmark |
|---|---|---|---|---|---|---|---|
| 1 year | 585 | 1.0% | −11.7% | 53.4% | 44% | 6.3% | 21% |
| 2 years | 337 | 3.1% | −7.5% | 24.1% | 33% | 8.4% | 17% |
| 3 years | 91 | 11.9% | 7.6% | 13.9% | 0% | 12.1% | 16% |
Every SIP holding period at a glance
| Period | Periods | Median | Lowest | Highest | With a loss | Benchmark median | Beat benchmark |
|---|---|---|---|---|---|---|---|
| 1 year | 29 | 3.3% | −23.4% | 52.4% | 38% | 5.3% | 38% |
Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat benchmark" counts the periods in which the fund did better than Nifty 500 TRI over the same days. Past returns do not promise future returns.
How much it swings, and the falls an investor had to sit through
Risk and return
| Measure | NJ ELSS Tax Saver Fund (Direct)This fund | Nifty 500 TRI |
|---|---|---|
| Return (CAGR) | −7.06% | −7.34% |
| Standard deviation | 12.80% | 14.48% |
| Sharpe ratio | -0.96 | -0.87 |
| Sortino ratio | -1.25 | -1.16 |
| Maximum drawdown | −12.4% (23-03-2026) | −14.7% (30-03-2026) |
| Beta | 0.81 | 1.00 |
| Alpha | −2.16% | 0.00% |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
| Measure | NJ ELSS Tax Saver Fund (Direct)This fund | Nifty 500 TRI |
|---|---|---|
| Return (CAGR) | +8.23% | +10.22% |
| Standard deviation | 14.09% | 14.30% |
| Sharpe ratio | 0.16 | 0.29 |
| Sortino ratio | 0.21 | 0.40 |
| Maximum drawdown | −22.8% (04-03-2025) | −18.6% (28-02-2025) |
| Beta | 0.87 | 1.00 |
| Alpha | −1.45% | 0.00% |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
| Measure | NJ ELSS Tax Saver Fund (Direct)This fund | Nifty 500 TRI |
|---|---|---|
| Return (CAGR) | +10.05% | +10.54% |
| Standard deviation | 13.65% | 13.84% |
| Sharpe ratio | 0.29 | 0.32 |
| Sortino ratio | 0.39 | 0.43 |
| Maximum drawdown | −22.8% (04-03-2025) | −18.6% (28-02-2025) |
| Beta | 0.87 | 1.00 |
| Alpha | +0.10% | 0.00% |
From daily NAVs, 19-06-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
NJ ELSS Tax Saver Fund (Direct)
Nifty 500 TRI
| Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today | |
|---|---|---|---|---|---|---|
| NJ ELSS Tax Saver Fund (Direct) | −22.8% | 26-09-2024 | 04-03-2025 | Not yet | -- | −16.8% |
| Nifty 500 TRI | −18.6% | 26-09-2024 | 28-02-2025 | Not yet | -- | −8.8% |
From the Direct plan's daily NAV since 19-06-2023, adjusted for unit splits, and Nifty 500 TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
The five ELSS funds with the best three year return, and this fund. Direct plans.
| Fund name | Rank | AUM (Cr) | Exp. ratio | 1Y return | 3Y return | 3Y alpha | 3Y beta | 3Y Sharpe | 3Y Sortino | |
|---|---|---|---|---|---|---|---|---|---|---|
| Motilal Oswal ELSS Tax Saver Fund | 1/49 | 4,890 | 0.97% | +0.93% | +19.52% | +8.70% | 1.14 | 0.70 | 0.95 | Compare |
| SBI Long Term Advantage Fund - Series V | 2/49 | 366 | 1.27% | −5.06% | +18.92% | +9.24% | 0.94 | 0.85 | 1.18 | Compare |
| JM ELSS - Tax Saver Fund | 3/49 | 240 | 1.34% | −1.27% | +15.60% | +5.41% | 1.08 | 0.60 | 0.80 | Compare |
| WhiteOak Capital ELSS Tax Saver Fund | 4/49 | 481 | 0.86% | −2.32% | +15.53% | +5.78% | 0.96 | 0.67 | 0.92 | Compare |
| HSBC ELSS Tax saver Fund | 5/49 | 3,974 | 1.22% | −3.32% | +15.09% | +4.39% | 1.12 | 0.55 | 0.74 | Compare |
| NJ ELSS Tax Saver Fund | 42/49 | -- | 0.77% | −7.06% | +8.23% | −1.45% | 0.87 | 0.16 | 0.21 |
AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.
What each plan charges a year, in force from 06-10-2026
| Plan | Base expense ratio | Brokerage | Transaction costs | Levies and GST | Total expense ratio | ELSS median | Cost rank (1 = cheapest) |
|---|---|---|---|---|---|---|---|
| Direct | 0.59% | 0.02% | 0.00% | 0.16% | 0.77% | 1.11% | 3/49 |
| Regular | 2.09% | 0.02% | 0.00% | 0.43% | 2.54% | 1.96% | 38/50 |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the ELSS funds' plans of the same type are sorted from the lowest total expense ratio to the highest.
Direct vs Regular: what the gap cost
Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.
| Over the last | Regular | Direct | Direct earned more by | ₹1 lakh became (Regular) | ₹1 lakh became (Direct) |
|---|---|---|---|---|---|
| 1 year | −8.70% | −7.06% | 1.64% | ₹91,300 | ₹92,940 |
| 3 years | 6.30% | 8.23% | 1.93% a year | ₹1,20,116 | ₹1,26,778 |
Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.
What a one-time or monthly investment in this fund would be worth today, from its own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 19-06-2023 to 30-10-2026: 41 instalments, ₹4,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Direct planNJ ELSS Tax Saver Fund (Direct) | ₹4,10,000 | ₹4,14,559 | ₹4,559 | 0.6% |
| Regular planNJ ELSS Tax Saver Fund (Regular) | ₹4,10,000 | ₹4,01,330 | −₹8,670 | −1.2% |
| Nifty 500 TRI | ₹4,10,000 | ₹4,32,153 | ₹22,153 | 3.0% |
| Category averageCategory average, 49 ELSS funds | ₹4,10,000 | ₹4,41,527 | ₹31,527 | 4.3% |
Direct planNJ ELSS Tax Saver Fund (Direct)
Regular planNJ ELSS Tax Saver Fund (Regular)
Nifty 500 TRI
Category averageCategory average, 49 ELSS funds
Amount invested
From each plan's published NAV (Growth option), the benchmark's TRI and the category average, over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Asset allocation as on 30-09-2026
99.6%Equity
| Asset | Fund | Category |
|---|---|---|
| Equity | 99.6% | 96.3% |
| Cash and others | 0.4% | 3.1% |
| Market cap | Fund | Category |
|---|---|---|
| Large Cap | 25.8% | 47.5% |
| Mid Cap | 37.7% | 18.4% |
| Small Cap | 36.1% | 29.4% |
Share of the whole fund. Category: the average of the ELSS funds that hold stocks. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Sector allocation of the fund's stocks as on 30-09-2026
Pharmaceuticals & Biotechnology14.7%
Finance12.5%
Healthcare Services7.6%
Auto Components6.5%
Chemicals & Petrochemicals5.3%
Capital Markets5.3%
Consumer Durables5.2%
Automobiles5.1%
Agricultural Food & other Products5.1%
Transport Services5.0%
The ten largest of 16 sectors. The other 6 add up to 27.3%.
| Sector | July 2026 | August 2026 | September 2026 | Change |
|---|---|---|---|---|
| Pharmaceuticals & Biotechnology | 14.8% | 14.6% | 14.7% | −0.1% |
| Finance | 13.0% | 12.9% | 12.5% | −0.5% |
| Healthcare Services | 7.6% | 7.3% | 7.6% | 0.0% |
| Auto Components | 5.4% | 6.6% | 6.5% | +1.2% |
| Chemicals & Petrochemicals | 5.6% | 5.8% | 5.3% | −0.3% |
Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.
As on 30-09-2026 · 25 holdings · from the fund house's monthly portfolio
| Holdings | Sector | Weight% | Holdings trend | 1M change |
|---|---|---|---|---|
| Bosch Limited | Auto Components | 6.55% | +0.4% | |
| Pidilite Industries Limited | Chemicals & Petrochemicals | 5.33% | +0.4% | |
| JSW Dulux Limited | Consumer Durables | 5.22% | +0.4% | |
| Hero MotoCorp Limited | Automobiles | 5.14% | +0.4% | |
| Marico Limited | Agricultural Food & other Products | 5.08% | +0.4% | |
| The Great Eastern Shipping Company Limited | Transport Services | 4.95% | +0.4% | |
| Page Industries Limited | Textiles & Apparels | 4.95% | +0.5% | |
| AU Small Finance Bank Limited | Banks | 4.85% | +0.4% | |
| Mphasis Limited | IT - Software | 4.74% | +0.4% | |
| ABB India Limited | Electrical Equipment | 4.69% | +0.4% | |
| Britannia Industries Limited | Food Products | 4.22% | +0.4% | |
| Dr. Lal Path Labs Limited | Healthcare Services | 4.15% | +0.4% | |
| Bayer Cropscience Limited | Fertilizers & Agrochemicals | 3.81% | +0.4% | |
| CRISIL Limited | Finance | 3.53% | +0.4% | |
| Rainbow Childrens Medicare Limited | Healthcare Services | 3.45% | +0.4% | |
| Can Fin Homes Limited | Finance | 3.31% | +0.4% | |
| Abbott India Limited | Pharmaceuticals & Biotechnology | 3.30% | +0.4% | |
| Muthoot Finance Limited | Finance | 3.12% | +0.4% | |
| Alkem Laboratories Limited | Pharmaceuticals & Biotechnology | 3.11% | +0.4% | |
| Divi's Laboratories Limited | Pharmaceuticals & Biotechnology | 3.01% | +0.4% | |
| HDFC Asset Management Company Limited | Capital Markets | 2.89% | +0.4% | |
| Pfizer Limited | Pharmaceuticals & Biotechnology | 2.74% | +0.4% | |
| Aptus Value Housing Finance India Limited | Finance | 2.55% | +0.4% | |
| Torrent Pharmaceuticals Limited | Pharmaceuticals & Biotechnology | 2.52% | +0.4% | |
| UTI Asset Management Company Limited | Capital Markets | 2.38% | +0.4% |
All changes are between August 2026 and September 2026
| Bosch Limited | Added | +0.4% | 6.55% |
|---|---|---|---|
| Pidilite Industries Limited | Added | +0.4% | 5.33% |
| JSW Dulux Limited | Added | +0.4% | 5.22% |
| Hero MotoCorp Limited | Added | +0.4% | 5.14% |
| Marico Limited | Added | +0.4% | 5.08% |
| Mphasis Limited | Added | +0.4% | 4.74% |
| ABB India Limited | Added | +0.4% | 4.69% |
| The Great Eastern Shipping Company Limited | Added | +0.4% | 4.95% |
| Page Industries Limited | Added | +0.5% | 4.95% |
| AU Small Finance Bank Limited | Added | +0.4% | 4.85% |
| Britannia Industries Limited | Added | +0.4% | 4.22% |
| Dr. Lal Path Labs Limited | Added | +0.4% | 4.15% |
| Bayer Cropscience Limited | Added | +0.4% | 3.81% |
| CRISIL Limited | Added | +0.4% | 3.53% |
| Rainbow Childrens Medicare Limited | Added | +0.4% | 3.45% |
| Can Fin Homes Limited | Added | +0.4% | 3.31% |
| Abbott India Limited | Added | +0.4% | 3.30% |
| Muthoot Finance Limited | Added | +0.4% | 3.12% |
| HDFC Asset Management Company Limited | Added | +0.4% | 2.89% |
| Pfizer Limited | Added | +0.4% | 2.74% |
| Alkem Laboratories Limited | Added | +0.4% | 3.11% |
| Divi's Laboratories Limited | Added | +0.4% | 3.01% |
| Aptus Value Housing Finance India Limited | Added | +0.4% | 2.55% |
| Torrent Pharmaceuticals Limited | Added | +0.4% | 2.52% |
| UTI Asset Management Company Limited | Added | +0.4% | 2.38% |
No stocks in this group for September 2026.
A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.
Funds with the most similar portfolios, across every fund house and category
| Fund | Overlap | Holdings in common | |
|---|---|---|---|
| NJ Flexi Cap FundFlexi Cap · NJ | 39.1% | 18 | Compare |
| NJ Balanced Advantage FundBalanced Advantage · NJ | 28.6% | 19 | Compare |
| Motilal Oswal BSE Quality Index FundIndex · Motilal Oswal | 25.5% | 8 | Compare |
| Tata BSE Quality Index FundIndex · Tata | 25.5% | 8 | Compare |
| Motilal Oswal BSE Quality ETFETF · Motilal Oswal | 25.5% | 8 | Compare |
| DSP Quant FundThematic · DSP | 22.8% | 10 | Compare |
| Tata India Pharma & Healthcare FundThematic · Tata | 21.9% | 8 | Compare |
| 360 One Quant FundThematic · 360 ONE | 20.8% | 8 | Compare |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.
Fund facts from the scheme summary document, as on 16-10-2026
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
| Plan | Option | NAV | As on |
|---|---|---|---|
| direct | Growth | ₹13.83 | 30-10-2026 |
| direct | IDCW Payout | ₹13.83 | 30-10-2026 |
| regular | Growth | ₹13.02 | 30-10-2026 |
| regular | IDCW Payout | ₹13.02 | 30-10-2026 |
NJ ELSS Tax Saver Fund is a mutual fund from NJ Mutual Fund. Its category is ELSS. It was launched on 16-06-2023. Its benchmark is Nifty 500 TRI. At the end of September 2026 it held 25 securities.
Dhaval Patel
Fund manager of NJ ELSS Tax Saver Fund
Viral Shah
Fund manager of NJ ELSS Tax Saver Fund
Jaimin Ilavia
Fund manager of NJ ELSS Tax Saver Fund
Returns, risk, costs and the stocks they share, side by side
The Direct plan NAV is ₹13.83. The Regular plan NAV is ₹13.02, as on 30-10-2026.
The Direct plan returned −7.06% in 1 year, +8.23% a year over 3 years. The Regular plan returned −8.70% in 1 year, +6.30% a year over 3 years. These figures are as on 30-10-2026.
The Direct plan charges 0.77% a year. The Regular plan charges 2.54% a year. This is the figure the fund house reported to AMFI, in force from 06-10-2026.
At the end of September 2026 the largest holdings were BOSCHLTD (6.55%), PIDILITIND (5.33%), JSWDULUX (5.22%), HEROMOTOCO (5.14%), MARICO (5.08%). The fund held 25 securities in all.
It added shares in 25.
Through NJ Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹500. You can invest once or through a monthly SIP.
Dhaval Patel, Viral Shah, Jaimin Ilavia.
Nil
Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.
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