ReviewDirect · GrowthPrefer peers first
Nippon India ELSS Tax Saver Fund
Nippon India Mutual FundEquity Schemes - ELSS- Tax Saver Fund13.8 years
The scheme aims to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related instruments.
- NAV
- 136.7789
- 27 Oct 2026
- 1Y
- -6.1%
- Trailing CAGR
- Upside capture
- +105%
- Vs NIFTY 500 TRI
- Downside capture
- +121%
- Lower is better
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 26 Oct 2026
Stance
Prefer peers first
The live read flags issues. Inspect same-category alternatives before buying.
In three lines
Watch if · Maximum drawdown exceeded 35%.
Prefer peers if · Prefer DSP ELSS Tax Saver Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
13.8 years of path to read.
Engine status
Fail
The live read flags issues. Inspect same-category alternatives before buying.
Expense ratio
Pass
1.13% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Watch
Peak-to-trough -51.9%. Ask whether you can hold through a similar fall.
Vs category
Watch
48% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Watch
Amber Singhania · 0.6 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / lock-in
Watch
ELSS locks each installment for 3 years. Useful only if 80C is open on the old regime - otherwise locked equity.
Portfolio concentration
Pass
Top 10 holdings ≈ 39.7% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 52%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
Review does not mean stop the SIP tomorrow - compare peers first. Stopping on a red label often locks in the worst path.
ELSS lock-in
Every installment locks for 3 years. Only useful if 80C is still open on the old regime - otherwise it is locked equity, not a tax cut.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y-6.1%
- 3Y+12.0%
- 5Y+9.7%
- 10Y+9.8%
- SI+13.1%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-8.2%
- 3Y+1.7%
- 5Y+9.1%
- 10Y+11.6%
- Since inception
- +13.1%
- Calendar-day CAGR
- Excess 1Y
- +1.6%
- Category median, same plan and option
- 3Y win rate
- +48%
- Windows beating the median
- 3Y percentile
- 74
- Vs comparable share classes
- SIP 3Y XIRR
- +1.7%
- Simulated monthly SIP
- Worst rolling 3Y
- -13.9%
- 2650 daily-ending windows
- Median rolling 3Y
- +15.3%
- Calendar-day CAGR
- Positive rolling 5Y
- +95%
- 2157 daily-ending windows
Official benchmark
Date-aligned against NIFTY 500 TRI. Capture ratios use common month-end observations through 27 Oct 2026.
- 1Y excess
- +1.8%
- Fund minus TRI
- 3Y excess
- +1.7%
- Fund minus TRI
- Upside capture
- +105%
- Benchmark-up months
- Downside capture
- +121%
- Lower is better
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -51.9%
- Worst peak-to-trough
- Current
- -8.7%
- Below last peak
- Current spell
- 760 days
- Days below latest peak
- Time below peak
- +91%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 15 days
- 113 recovered episodes
- Longest recovery
- 471 days
- Trough to prior peak
23 Jan 2018 – 7 Jul 2021
Trough 23 Mar 2020 · recovered in 471 days
-51.9%
3 Mar 2015 – 6 Sept 2016
Trough 29 Feb 2016 · recovered in 190 days
-26.3%
7 Jan 2013 – 27 Dec 2013
Trough 28 Aug 2013 · recovered in 121 days
-24.2%
26 Sept 2024 – open
Trough 3 Mar 2025 · not recovered
-20.1%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
74
Vs category
60
Consistency
51
Risk-adjusted
49
Drawdown
0
Mean
47
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Review
Buying stance
Prefer peers first
The live read flags issues. Inspect same-category alternatives before buying.
Why this status
- Maximum drawdown exceeded 35%.
Supporting reads
- Three-year return is above the category median.
Portfolio
30 Sept 2026 · 64 holdings · top 10 are 39.7%.
- Top 5
- 25.7%
- Top 10
- 39.7%
- Largest holding
- 7.9%
- Effective holdings
- 36.3
HDFC Bank Ltd
Financial
7.9%
ICICI Bank Ltd
Financial
7.0%
Axis Bank Ltd
Financial
4.1%
Samvardhana Motherson International Ltd
Consumer Discretionary
3.4%
State Bank of India
Financial
3.3%
What changed
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
8 Sept 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
DSP ELSS Tax Saver Fund
DSP Mutual Fund
- 1Y
- -7.0%
- 3Y
- +13.2%
- Vol
- 15.8%
- Max DD
- -37.2%
- Sharpe
- 0.66
- 3Y win
- +88%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
WhiteOak Capital ELSS Tax Saver Fund
WhiteOak Capital Mutual Fund
- 1Y
- -2.9%
- 3Y
- +15.5%
- Vol
- 13.2%
- Max DD
- -16.4%
- Sharpe
- 0.78
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
BANK OF INDIA ELSS TAX SAVER FUND
Bank of India Mutual Fund
- 1Y
- -2.8%
- 3Y
- +12.4%
- Vol
- 16.4%
- Max DD
- -31.7%
- Sharpe
- 0.65
- 3Y win
- +73%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
HSBC ELSS Tax saver Fund
HSBC Mutual Fund
- 1Y
- -3.8%
- 3Y
- +15.3%
- Vol
- 15.4%
- Max DD
- -19.2%
- Sharpe
- 0.56
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
JM ELSS - Tax Saver Fund
JM Financial Mutual Fund
- 1Y
- -1.6%
- 3Y
- +15.6%
- Vol
- 17.2%
- Max DD
- -37.4%
- Sharpe
- 0.63
- 3Y win
- +88%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER