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Nippon India ELSS Tax Saver Fund — Direct Plan

Nippon India Mutual Fund · Mutual Funds

An equity-linked savings scheme with a three-year lock-in that may qualify for a tax deduction.

₹140.63 NAV, direct plan · Published daily by AMFI

As of 16 Oct 2026. Rates change — check the source before acting.

Source: AMFI — mutual fund NAV data

Source Nippon India Mutual Fund — scheme page

mf.nipponindiaim.com/campaigns/NipponIndiaTaxSaverFund/product-details.html

The fund house's own page for this scheme. NAV, expense ratio, exit load and the scheme documents are all published here.

How it works

Nippon India ELSS Tax Saver Fund — Direct Plan is a mutual funds product from Nippon India Mutual Fund, in the market-linked category: no promised return. An equity-linked savings scheme with a three-year lock-in that may qualify for a tax deduction.

Because the return type is market-linked, the questions that matter most are: What exactly does this hold, and what would make it fall? Can I leave this money invested if it drops 30%?

  • Combining a deduction with long-term equity exposure
  • Disciplined saving where the lock-in enforces patience

Key facts

Provider
Nippon India Mutual Fund
Source
Nippon India Mutual Fund — scheme page ↗ https://mf.nipponindiaim.com/campaigns/NipponIndiaTaxSaverFund/product-details.html
Rate
₹140.63 NAV, direct plan, as of 16 Oct 2026
Category
Mutual Funds
Minimum investment
₹500 typical SIP minimum; confirm the scheme's current minimum
Tenure
3-year lock-in per contribution
Payout
Growth — no payout
Eligibility
Resident individuals and Hindu undivided families, subject to KYC.
Getting your money back
Each investment is locked for three years from its own date, then redeemable.
Protection
No capital protection. The deduction does not reduce market risk.
Tax
May qualify for a deduction under Section 80C within the overall cap. Gains are taxed under equity rules.

What can go wrong

  • Equity risk with a lock-in that prevents a reaction.
  • The deduction may be worth nothing under the new tax regime.
  • Each SIP instalment has its own three-year clock.

Before you decide anything

  • Whether the deduction helps under your chosen regime
  • How the lock-in applies to each instalment

These are questions to take to the provider, not a checklist that makes a product suitable. Whether something fits your situation is a decision only you — or an adviser you choose — can make.

Official sources

These link to the regulator or provider where the rules for this type of product are set out. They are the pages worth checking before you act, because they are the ones that get updated.

Other products in this category

The same rules and the same kind of trade-offs, described the same way.