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News Bajaj Finserv Mutual Fund launches Bajaj Finserv ELSS Tax Saver Fund
Dec 24, 2024
Mutual Fund
Bajaj Finserv Mutual Fund launches Bajaj Finserv ELSS Tax Saver Fund
NFO period: 24th December, 2024 - 22nd January, 2025
Highlights of the NFO:
- Scheme type - An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit
- Investment objective - To generate long term capital appreciation from a diversified portfolio of predominantly equity and equity related securities while offering deduction on such investment made in the scheme under section 80C of the Income Tax Act, 1961. However, there is no assurance that the investment objective of the scheme will be achieved.
- Product suitability - This product is suitable for investors who are seeking wealth creation over long term to by investing predominantly in equity and equity related instruments with tax benefit under Section 80C of Income Tax Act, 1961.
- Minimum Application Amount - First investment is Rs.500/- and in multiples of Rs.500/- thereafter
- Plan/ Options available - Regular Plan & Direct Plan having Growth option and Income Distribution cum Capital Withdrawal (IDCW) option with Payout of Income Distribution cum Capital Withdrawal sub-option.
- Fund Manager - Mr. Nimesh Chandan, Mr. Sorbh Gupta and Mr. Siddharth Chaudhary
- Benchmark - BSE 500 Total Return Index (TRI)
(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)
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