Investment Objective and Approach

The scheme seeks to generate income and long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related instruments. The fund is an open-ended equity-linked savings scheme with a statutory lock-in period of 3 years, offering tax benefits under Section 80C of the Income Tax Act.

NJ Group Mutual Fund follows a rule-based and quality-focused investment approach, ensuring to follow their four main investment factors: quality, value, low volatility and momentum. The fund's holdings are mostly in Large Cap stocks and in debt instruments, following a conservative investment strategy.

Key investment highlights:

- As of 30-Jun-2023, the fund had invested 99.4% in Equity, 0.29% in Debt and 0.29% in Cash & Cash Equivalents

- The fund is benchmarked against the NIFTY 500 Total Return Index

- Minimum investment: ₹500 for SIP and ₹500 for lumpsum

Fund Managers

The fund is managed by two experienced professionals:

Dhaval Patel - Current Fund Manager of NJ ELSS Tax Saver Scheme

- Has done IBS from Hyderabad and prior to joining NJ Mutual Fund, worked with Axis Mutual Fund, Credit Analysis & Research Ltd

- Seasoned Fund Manager at NJ Group, holding a Master's degree

Viral Shah - Co-Fund Manager

- A seasoned fund manager with over 20 years of experience, currently leads Rule-Based funds management at NJ Group. He masterminded innovative strategies such as MARS and PMS

- Has done B.E. and MBA (Finance), started his career with NJ Group and has been Principal Officer for PMS segment with NJ Asset Management for more than 10 years

About the Fund House (AMC)

NJ Asset Management Private Limited has a strong heritage in the financial services industry:

- NJ Asset Management Private Limited has a strong lineage, as a part of the NJ Group. NJ India Invest Private Limited (NJ), the flagship company of the group, was started in 1994 to cater to the growing needs in the financial services industry

- NJ today is one of the leading distributors of investment products and providers of financial services in India. NJ is amongst the largest distributors of mutual funds in India and has over Rs. 1,19,190 crores of mutual fund assets under management

- NJ also has one of the largest network of financial products distributors in India, numbering over 23,377 engaged in distribution of financial products

- As of September 2023, they have more than 31,400 active distributors and the Assets Under Management (AUM) is more than ₹1,60,000 crore. They are established in over 165 locations in 19+ states with over 1,800 employees

The fund house launched its mutual fund operations recently with the NJ ELSS Tax Saver Scheme launched in 2023.

Should I Invest in NJ ELSS Tax Saver Scheme?

This ELSS fund can be suitable for investors looking for:

Tax Benefits: It offers tax exemption under Section 80C of the Indian income tax laws. As per this section, investments of up to Rs 1.5 lakh in a financial year in eligible securities are exempt from tax.

Investment Considerations:

- Lock-in Period: The 3-year lock-in period of ELSS mutual funds is the shortest among other tax-saving investment options

- Risk Profile: The riskometer level is Very High, suitable for investors with high risk tolerance

- Performance: The fund has delivered a CAGR of 32.84% since inception as of March 2023

- Expense Ratio: The expense ratio is 0.54% for direct plans

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

The fund follows a quality-focused approach and is managed by experienced fund managers, making it potentially suitable for long-term wealth creation with tax benefits.

FAQs

What is today's NAV of NJ ELSS Tax Saver Scheme?

The NAV fluctuates daily based on market movements. You can check the latest NAV on Allvest platform or the AMC's official website for real-time updates.

What is the AUM of NJ ELSS Tax Saver Scheme?

The AUM of NJ ELSS Tax Saver Scheme is ₹251.17 crore as updated by fund houses at month-end.

What is the expense ratio of NJ ELSS Tax Saver Scheme?

The expense ratio of NJ ELSS Tax Saver Scheme is 0.54% for the direct plan, which is the annual fee for fund management.

What are the returns of NJ ELSS Tax Saver Scheme since inception?

The fund has delivered a CAGR of 32.84% since inception from March 2023, though past performance doesn't guarantee future returns.

What is the minimum SIP amount to invest in NJ ELSS Tax Saver Scheme?

The minimum SIP amount is ₹500 per month, making it accessible for regular investors.

How do I invest in NJ ELSS Tax Saver Scheme?

You can easily invest through Allvest platform by selecting the fund, choosing SIP or lumpsum option, and completing the KYC process online.

How to start a SIP in NJ ELSS Tax Saver Scheme?

Log into your Allvest account, search for the fund, select SIP option, choose your monthly amount and date, then set up auto-debit for seamless investing.

How do I automate an SIP in NJ ELSS Tax Saver Scheme?

After setting up your SIP on Allvest, provide bank mandate authorization for automatic monthly deductions. The platform will handle all subsequent investments automatically.

How can I withdraw/redeem my investment in NJ ELSS Tax Saver Scheme?

ELSS investments have a 3-year lock-in period. After completion, you can redeem through Allvest platform by selecting the fund and choosing full or partial redemption options.