NJ ELSS Tax Saver Scheme
ELSS- Tax Saver Fund · NJ Asset Management Private Limited
Among the 16 similar elss- tax saver funds we track, this one has grown money faster than most. ₹1 lakh invested 3 years ago would be about ₹1.3 lakh today. Investing ₹10,000 every month for the last 3 years would have put in ₹3.7 lakh and grown it to about ₹3.8 lakh. Be warned: in its worst stretch, ₹1 lakh briefly shrank to about ₹77,200. Expect meaningful ups and downs on the way.
New to fund research? Start with the 5-minute guide. The detailed numbers below back all of this up.NJ ELSS Tax Saver Scheme is a elss- tax saver fund from NJ Asset Management Private Limited. It has a track record of about 3.2 years. As of the latest data it carries an RS rating of 71/99 (its recent momentum versus category peers) and a King Score of 71/100 (a long-term quality composite). The current NAV is ₹14.52 (as of 2026-09-16).
Growth of ₹100 - last 3 years
NJ ELSS Tax Saver Scheme returns: last 1, 3, 5 and 10 years
| Period | This fund | Category average |
|---|---|---|
| 1 month | -4.28% | -4.02% |
| 3 months | 0.83% | 0.85% |
| 6 months | 7.08% | 5.49% |
| 1 year | -4.16% | -4.7% |
| 3 years (CAGR) | 8.75% | 8.91% |
Its trailing one-year return is -4.16%. Trailing returns flatter or disappoint depending on the end date you pick - the year-by-year and rolling-return sections below are a fairer read.
Year-by-year returns
| Year | NJ ELSS Tax Saver Sche | Benchmark |
|---|---|---|
| 2024 | +15.9% | +15.2% |
| 2025 | -2.8% | +6.7% |
| 2026 | -1.2% | -5.8% |
NJ ELSS Tax Saver Scheme beat its benchmark in 2 of the last 3 calendar years. That is a strong hit-rate - most active funds fail to clear their index this often. Consistency against the benchmark matters more than any single great year.
Calendar-year returns show how bumpy the ride really was - an average hides the good years and the ugly ones.
What a monthly SIP in NJ ELSS Tax Saver Scheme would have made
A ₹10,000-a-month SIP, using this fund's actual NAV history. SIP returns (XIRR) differ from lumpsum CAGR because your money goes in gradually, averaging your entry price.
| SIP duration | You invested | It became | XIRR |
|---|---|---|---|
| 3 years | ₹370,000 | ₹382,591 | 2.19% |
Over 3 years, ₹370,000 invested in monthly instalments would have grown to about ₹382,591 - an XIRR of 2.19%. Figures are pre-tax and assume you stayed invested throughout.
Risk & drawdowns
| Measure | This fund | Category average |
|---|---|---|
| Worst drawdown (lifetime) | -22.8% | -32.29% |
| Worst drawdown (3Y) | -22.8% | -20.12% |
| Volatility (1Y) | 15.42% | 16.97% |
| Sharpe (3Y) | 0.15 | 0.16 |
| Sortino (3Y) | 0.27 | 0.32 |
| Beta (3Y) | 0.92 | 0.96 |
| Alpha (3Y) | 0.21% | 0.58% |
| Up capture | 93.1% | 95.78% |
| Down capture | 91.0% | 93.12% |
| Bull-market return | 28.7% | 27.1% |
| Bear-market return | -28.1% | -31.42% |
Timing matters more than people admit: the best possible 1-year stretch in NJ ELSS Tax Saver Scheme (starting 2023-07-13) gained 53.4%, while the worst (starting 2024-09-26) lost 11.7%. The worst peak-to-bottom fall NJ ELSS Tax Saver Scheme has ever put investors through is -22.8% - the real test of whether you'd have stayed invested. In falling markets (Nifty below its 200-day average) it has returned about -28.1% annualised, versus 28.7% in rising markets. It has captured roughly 93.1% of its benchmark's up-moves and 91.0% of its down-moves.
How NJ ELSS Tax Saver Scheme behaves when markets fall
When the market is falling (the Nifty below its 200-day average), NJ ELSS Tax Saver Scheme has historically returned about -28.1% annualised, versus roughly 28.7% when the market is rising. Its deepest fall on record is -22.8%. Right now it sits about 12.64% below its all-time high (last hit 2024-09-26). The real question isn't the average year - it's whether you could hold on through the worst one.
How NJ ELSS Tax Saver Scheme ranks in its category
Percentile versus its ~16 category peers - 100th is best-in-class, 50th is average. This is the fairest apples-to-apples read.
Consistency (rolling returns)
Rolling-return data isn't available for this fund yet.
What NJ ELSS Tax Saver Scheme holds
Its latest monthly portfolio disclosure. This is what your money actually owns.
Top holdings
Sector allocation
The top 10 holdings make up 50.2% of the portfolio, across 25 stocks. A higher concentration means the fund's fortunes ride on fewer names.
Portfolio overlap with similar funds
NJ ELSS Tax Saver Scheme shares Groww ELSS Tax Saver Fund (formerly known as Indiabulls Tax Savings Fund) (3%), Mahindra Manulife ELSS Tax Saver Fund (2%), Invesco India ELSS Tax Saver Fund (2%) of its portfolio with these category peers (overlap = the slice of the two portfolios invested in the same stocks). The lower the overlap, the more genuinely different the portfolios are.
Who manages NJ ELSS Tax Saver Scheme - and how good are they?
NJ ELSS Tax Saver Scheme is managed by Viral Shah, Dhaval Patel and Jaimin Ilavia. Below is each manager's complete track record - every fund they currently run, judged on the same numbers as everything else on this page - so you can see whether this fund is in strong hands or is the outlier in a weak book.
Viral Shah's full record
Viral Shah currently runs 4 funds, across Balanced Advantage Fund/ Dynamic Asset Allocation, ELSS- Tax Saver Fund, Flexi Cap Fund, Overnight Fund, with about ₹6,579 Cr under management. The book's average King Score is 63.5/100. Their strongest fund by King Score is NJ Overnight Fund (76/100); NJ ELSS Tax Saver Scheme ranks #2 of 4 in their book.
Tap any column heading to sort.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | NJ Overnight Fund | 73 | 76 | 1.3% | 2.6% | 5.2% | 6.0% | n/a | n/a | -1.73 | 6.3% | 0.0% |
| 2 | NJ ELSS Tax Saver Scheme (this page) | 71 | 71 | 0.8% | 7.1% | -4.2% | 8.8% | n/a | n/a | 0.15 | n/a | -22.8% |
| 3 | NJ Balanced Advantage Fund | 65 | 69 | 1.1% | 4.7% | -2.0% | 7.9% | n/a | n/a | 0.15 | 12.3% | -14.8% |
| 4 | NJ Flexi Cap Fund | 36 | 38 | 0.9% | 5.6% | -6.6% | 9.4% | n/a | n/a | 0.18 | n/a | -26.7% |
Dhaval Patel's full record
Dhaval Patel currently runs 4 funds, across Balanced Advantage Fund/ Dynamic Asset Allocation, ELSS- Tax Saver Fund, Flexi Cap Fund, Overnight Fund, with about ₹6,579 Cr under management. The book's average King Score is 63.5/100. Their strongest fund by King Score is NJ Overnight Fund (76/100); NJ ELSS Tax Saver Scheme ranks #2 of 4 in their book.
Tap any column heading to sort.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | NJ Overnight Fund | 73 | 76 | 1.3% | 2.6% | 5.2% | 6.0% | n/a | n/a | -1.73 | 6.3% | 0.0% |
| 2 | NJ ELSS Tax Saver Scheme (this page) | 71 | 71 | 0.8% | 7.1% | -4.2% | 8.8% | n/a | n/a | 0.15 | n/a | -22.8% |
| 3 | NJ Balanced Advantage Fund | 65 | 69 | 1.1% | 4.7% | -2.0% | 7.9% | n/a | n/a | 0.15 | 12.3% | -14.8% |
| 4 | NJ Flexi Cap Fund | 36 | 38 | 0.9% | 5.6% | -6.6% | 9.4% | n/a | n/a | 0.18 | n/a | -26.7% |
Jaimin Ilavia's full record
Jaimin Ilavia currently runs 4 funds, across Balanced Advantage Fund/ Dynamic Asset Allocation, ELSS- Tax Saver Fund, Flexi Cap Fund, Overnight Fund, with about ₹6,579 Cr under management. The book's average King Score is 63.5/100. Their strongest fund by King Score is NJ Overnight Fund (76/100); NJ ELSS Tax Saver Scheme ranks #2 of 4 in their book.
Tap any column heading to sort.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | NJ Overnight Fund | 73 | 76 | 1.3% | 2.6% | 5.2% | 6.0% | n/a | n/a | -1.73 | 6.3% | 0.0% |
| 2 | NJ ELSS Tax Saver Scheme (this page) | 71 | 71 | 0.8% | 7.1% | -4.2% | 8.8% | n/a | n/a | 0.15 | n/a | -22.8% |
| 3 | NJ Balanced Advantage Fund | 65 | 69 | 1.1% | 4.7% | -2.0% | 7.9% | n/a | n/a | 0.15 | 12.3% | -14.8% |
| 4 | NJ Flexi Cap Fund | 36 | 38 | 0.9% | 5.6% | -6.6% | 9.4% | n/a | n/a | 0.18 | n/a | -26.7% |
A caveat worth keeping: funds often have co-managers, and results belong to the whole team and process rather than one person. A manager's book tells you about their range and consistency, not a guarantee of skill.
Cost & fund basics
| Detail | Value |
|---|---|
| Expense ratio (Direct) | 0.55% |
| Exit load | ≈1% if redeemed within 1 year (typical) |
| Lock-in | 3 days |
| Minimum investment | ₹500 |
| Fund size (AUM) | ₹327 Cr |
| Age | 3.2 years |
| Plan / Option | Direct · Growth |
| Benchmark | NIFTY500 |
How NJ ELSS Tax Saver Scheme compares to peers
| Fund | RS | King | 3Y CAGR |
|---|---|---|---|
| Invesco India ELSS Tax Saver Fund | 93 | 86 | 11.6% |
| Groww ELSS Tax Saver Fund (formerly known as Indiabulls Tax Savings Fund) | 50 | 77 | 8.4% |
| Mahindra Manulife ELSS Tax Saver Fund | 38 | 71 | 6.9% |
Overlap warning: funds in the same category often own many of the same stocks - holding several rarely adds the diversification people expect.
What these numbers mean
RS rating (1-99) ranks a fund's recent momentum against its category - higher is stronger right now. King Score (0-100) is a long-term quality composite (returns, consistency, drawdown, risk-adjusted return) versus peers. Max drawdown is the worst peak-to-bottom fall the fund has ever experienced. Rolling returns test every possible start date, so one lucky (or unlucky) entry point can't distort the picture. Every formula behind this page is public - see how we calculate every number.
NJ ELSS Tax Saver Scheme review: the bottom line
Related
Frequently asked questions
Is NJ ELSS Tax Saver Scheme a good mutual fund?
That depends on your goals and risk tolerance - this is descriptive research, not advice. On the numbers, NJ ELSS Tax Saver Scheme scores 71/100 on our King Score and RS 71/99 within its category, has compounded 8.75% a year over three years, and its worst drawdown was -22.8%. Compare those against your needs and the peer table above.
What is the NAV of NJ ELSS Tax Saver Scheme today?
The latest NAV is ₹14.52 (as of 2026-09-16). NAV (net asset value) is the per-unit price of the fund, published every business day by the AMC.
What is the expense ratio of NJ ELSS Tax Saver Scheme?
The Direct-plan expense ratio is 0.55% a year. The Direct plan is cheaper than the Regular plan because it carries no distributor commission - over decades that gap compounds meaningfully.
Who is the fund manager of NJ ELSS Tax Saver Scheme?
NJ ELSS Tax Saver Scheme is managed by Viral Shah; Dhaval Patel; Jaimin Ilavia.
Is NJ ELSS Tax Saver Scheme safe? How risky is it?
No market-linked fund is 'safe' in the fixed-deposit sense - the honest question is how deep its falls get. Its worst historical drawdown was -22.8% - ₹1 lakh briefly becoming about ₹77,200. As a equity fund, its risk profile is typical of that category. Look at the drawdown, volatility and bear-market figures above and ask whether you could stay invested through the bad stretches.
Is NJ ELSS Tax Saver Scheme good for SIP?
We can't tell you what to do, but here is what actually happened: a ₹10,000 monthly SIP over the last 3 years grew ₹3.7 lakh into about ₹3.8 lakh (XIRR 2.19%). SIPs average your entry price, which helps most in funds that swing hard - check the crash-behaviour section above to see how it treats investors in bad markets.
What are the SIP returns of NJ ELSS Tax Saver Scheme?
A ₹10,000/month SIP over 3 years would have grown to about ₹382,591 (an XIRR of 2.19%) on ₹370,000 invested, using the fund's actual NAV history. See the SIP table above for other durations.
How does NJ ELSS Tax Saver Scheme rank among similar funds?
On 3-year returns it sits around the 84th percentile of its category, and its consistency ranks 22th percentile. 100th is best-in-class, 50th is average. See the category-ranking section above.
Is NJ ELSS Tax Saver Scheme tax-efficient / what about capital gains?
As a equity fund, gains follow the rules for its asset class - equity-oriented funds are taxed differently from debt. All returns on this page are pre-tax; your actual post-tax return depends on your holding period and slab. This is descriptive information, not tax advice.
Direct or Regular plan - which is shown here?
All figures on this page are for the Direct-Growth plan (no distributor commission, lower cost). Returns are pre-tax; capital-gains tax depends on your own holding period and slab.
See NJ ELSS Tax Saver Scheme live in the MF Terminal
Everything above is a static snapshot. The terminal is where you actually research it:
- Interactive price chart with EMAs & RSI
- The RS line plotted against its benchmark
- Full holdings, sector mix & portfolio overlap
- Point-in-time backtester & portfolio doctor
- Compare it side-by-side with any peer
- Screen 1,600+ funds on the same metrics
Data: AMFI NAV history, NSE indices, BSE StAR and monthly disclosures. All figures are pre-tax. Descriptive research and education only - nothing here is investment advice or a recommendation to buy, sell or hold any fund. Past performance does not guarantee future returns.