Investment Objective and Approach

The Navi ELSS Tax Saver Fund seeks to invest predominantly 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 80C of the Income Tax Act, 1961.

For the Nifty 50 index variant, the fund tracks Nifty 50 index, which is considered to be a benchmark index for the Indian stock market and comprises the 50 largest publicly traded companies in India. Unlike its actively managed counterparts, where a fund manager makes all the decisions, this fund simply tracks the Nifty 50 index without biases. This eliminates the risk of human discretion and ensures that the portfolio remains closely aligned with the performance of the index.

The fund offers several key features:

- Tax deduction benefits of up to ₹1.5 lakh under Section 80C of the Income Tax Act every financial year

- A lock-in period of just 3 years from the date of investment, the least among alternatives under Section 80C

- Mandatory investment of at least 80% of corpus in equity and equity-related instruments as per SEBI guidelines

- Exposure to the Nifty 50 companies - the flag bearers of India's growth story across multiple sectors

Fund Managers

Aditya Mulki is an investment professional with close to a decade of experience in equity research and fund management. As the Head of Investments at Navi AMC, he currently manages an AUM of ₹7,000 crores encompassing both active and passive schemes. Aditya Venkatesh Mulki has assumed the role of Chief Executive Officer and Whole time Director of the AMC.

Prior to his current role, Mr. Aditya was an Equity Research Analyst at Quantum Advisors India, where he specialized in mid-cap equities and identified high-potential investment opportunities. He also worked as an Equity Research Associate, conducting financial analysis for a value-style fund focused on consumer staples and media. His deep market insights and analytical expertise have contributed significantly to fund performance and investment strategy.

Mr. Saravana Kumar is currently the Chief Investment Officer (CIO) at Navi Mutual Fund since 2019. He manages an AuM of Rs. 500 Crore invested in 22 schemes like Navi Multi Cap Fund, Navi Equity Hybrid Fund, etc. Before joining Navi, Mr. Kumar was the CIO of LIC Mutual Fund. He has also worked with UTI Mutual Fund, SBI Mutual Fund, and ICICI Bank.

About the Fund House (AMC)

Navi AMC (formerly Essel mutual fund) is founded by Sachin Bansal (co-founder and ex-Chairman of Flipkart) and Ankit Agarwal (ex-banker with Deutsche Bank and Bank of America). The AMC's sponsor is Anmol Como Broking Private Limited and it is registered with the Securities & Exchange Board of India (SEBI) under the same name.

Navi AMC was started in December 2018 with a mission to make financial services hassle-free, affordable and simply accessible. It leverages a technology-driven and customer-centric approach to establish products in the financial services space. In January 2021, Navi acquired Essel Finance Mutual Fund and renamed it to Navi.

Key highlights of the AMC:

- Currently the AMC handles assets worth Rs. 4944.32 crores as of March 2024

- Emerging player in the asset management industry in India, having 14 mutual fund schemes. Among these, 12 are equity schemes, 2 are debt, and 2 are hybrid schemes

- Not only confined to Navi AMC, Navi also offers a plethora of financial services and products including Personal Loans, Home Loans, vehicle Loans (two wheeler), SME Business Loans and also General Insurance

- Usually, Navi mutual fund's expense ratio ranges between 0.1% to 0.4%

Should I Invest in Navi ELSS Tax Saver Fund?

This fund is suitable for investors who:

Ideal For:

- Seek tax benefits under Section 80C while building long-term wealth

- Individuals with a higher risk appetite and long-term investment goals will find ELSS to be more suitable for their portfolios

- Want exposure to India's top 50 companies through a passive investment approach

- Can invest for five years or more and expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit under Section 80C of the Indian income tax laws

Investment Considerations:

- Since these mutual fund schemes primarily invest in stocks, they carry high financial risk. That said, these funds have the potential to generate higher returns in comparison to other tax-saving schemes owing to the equity exposure

- Be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment

- Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years

Tax Benefits:

- By investing in this fund, you can save up to ₹46,800* in taxes every financial year in a simple, convenient, and transparent manner

- If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1.25 lakh in a financial year are exempt from tax. Gains over Rs 1.25 lakh are taxed at the rate of 12.5%

FAQs

What is today's NAV of Navi ELSS Tax Saver Fund?

The latest declared NAV of Navi ELSS Tax Saver Nifty 50 Index Fund - Direct Plan is ₹14.8726 as of 29-Jul-2025. NAV is updated daily on business days and reflects the current market value of the fund's holdings.

What is the AUM of Navi ELSS Tax Saver Fund?

The fund currently has an Asset Under Management (AUM) of ₹8,373 Cr as of 28 Jul 2025. This represents the total market value of all investments managed by the fund.

What is the expense ratio of Navi ELSS Tax Saver Fund?

The expense ratio of Navi ELSS Tax Saver Fund - Direct Plan is 0.40%. This is the annual fee charged by the fund house for managing your investments, which is relatively low compared to industry standards.

What are the returns of Navi ELSS Tax Saver Fund since inception?

The fund has delivered 13.68% returns since inception. However, past performance doesn't guarantee future returns and ELSS funds are subject to market risks.

What is the minimum SIP amount to invest in Navi ELSS Tax Saver Fund?

The minimum SIP amount of Navi ELSS Tax Saver Fund - Direct Plan is ₹500. You can start your SIP at Just ₹500. This makes it accessible for investors to begin their tax-saving journey with small amounts.

How do I invest in Navi ELSS Tax Saver Fund?

You can invest in Navi ELSS Tax Saver Fund through Allvest platform. Simply register on Allvest, complete your KYC, select the fund, choose SIP or lump sum investment, and make payment through various options available.

How to start a SIP in Navi ELSS Tax Saver Fund?

Log into your Allvest account, search for Navi ELSS Tax Saver Fund, select "Start SIP", choose your monthly investment amount (minimum ₹500), select SIP date and duration, then set up auto-pay for hassle-free investments.

How do I automate an SIP in Navi ELSS Tax Saver Fund?

After starting your SIP through Allvest, you can set up auto-debit through bank mandate or UPI auto-pay. This ensures your SIP amount is automatically debited on your chosen date every month without manual intervention.

How can I withdraw/redeem my investment in Navi ELSS Tax Saver Fund?

You need to consider your investment duration before the withdrawal. You can only withdraw the money which has exceeded three years from the day you invested. Post the 3-year lock-in period, you can redeem through your Allvest account by submitting a redemption request online.