The evaluation of the leftmost eigenspectrum of large sparse symmetric matrices is of great interest in many physical and engineering applications. Recently an efficient iterative method called DACG (deflation-accelerated conjugate gradient) based on the conjugate gradient optimization of successive deflated Rayleigh quotients, was developed. In the present paper the authors study the possibility of increasing the efficiency of this scheme by means of a nested iteration (NI) technique that acts on nested finite element grids and calculates an improved initial guess to be used by the DACG procedure. The new NI-DACG method is tested on two sample problems of large size, which make use of nested regular and irregular finite element grids. The ...