Bajaj Finserv ELSS NFO :Bajaj Finserv Mutual Fund has launched a new fund offer (NFO). itnfo one It is of the new Equity-Linked Savings Scheme (ELSS), in which subscription has opened from today i.e. 24th December 2024. Subscription in the scheme will run till 22 January 2025. The scheme will reopen for purchase and redemption within 5 working days of closure of the NFO. Like other ELSS schemes, this NFO of Bajaj Finserv will also provide an opportunity for long-term capital growth along with saving tax.
Objective of Bajaj Finserv NFO
The main objective of this new scheme of Bajaj Finserv Mutual Fund being launched through NFO is to provide long-term capital appreciation to investors through a diversified equity portfolio. Besides, those who invest money in this will also get the benefit of tax deduction on investment under Section 80C of the Income Tax Act. Although, being an equity based mutual fund, there will be no guarantee of returns in it, but it has been specifically designed with the objective of saving tax and achieving capital growth through investment in the market.
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Highlights of Bajaj Finserv ELSS
The benchmark of Bajaj Finserv ELSS Tax Saver Fund has been kept BSE 500 Total Return Index (BSE 500 TRI). This is an open-ended scheme, which means investors can make purchases or redemptions at any time. Both SIP and lumpsum options are available in the scheme, and the minimum amount for investment is just Rs 500.
Lock-in period and tax benefits
Under the rules, like any tax saver ELSS fund, Bajaj Finserv ELSS Tax Saver Fund will also have a lock-in period of 3 years. This also helps investors to invest in discipline. The lock-in period of 3 years for ELSS is the shortest compared to any other tax saving option like PPF or tax-saving FD. Income tax exemption under Section 80C can be availed on investment of up to Rs 1.5 lakh in ELSS during a financial year.
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Fund Management Team
The fund managers of Bajaj Finserv ELSS Tax Saver Fund are Nimesh Chandan, Saurabh Gupta and Siddharth Chaudhary. All of them are experts and experienced fund managers in their respective fields, who will work to create a strong and profitable portfolio for investors and maintain it continuously.
investment strategy
The investment strategy of Bajaj Finserv ELSS Tax Saver Fund is based on “Bottom-up Stock Selection”. Under this strategy, the corpus of the fund will include those companies whose fundamentals are strong and which have high growth potential. According to Bajaj Finserv Mutual Fund, their special INQUBE investment philosophy will be followed in the management of this fund. Here INQUBE means investing keeping in mind informational, quantitative and behavioral approaches. For this, emphasis is laid on data driven insights.
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For which investors is this NFO right?
NFO of Bajaj Finserv ELSS Tax Saver Fund can be the right option for those investors who want to save tax along with investing in the equity market. Due to investment in equity, there will be market risk associated with this fund. Therefore, investors should decide to invest in it after understanding their risk tolerance. According to Ganesh Mohan, CEO of Bajaj Finserv AMC, this NFO will help investors achieve their financial goals. Also, this can be a great and easy option for saving tax.
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How to invest in Bajaj Finserv NFO
Investing in NFO of Bajaj Finserv ELSS Tax Saver Fund can be started with a minimum amount of just Rs 500. During the period of NFO, the fund will remain available for subscription. The units of the fund will be opened for repurchase and redemption within 5 working days of closure of allotment in NFO.
Overall, Bajaj Finserv ELSS Tax Saver Fund is an attractive option for investors who want long-term wealth creation along with tax saving. It offers the benefits of experienced fund managers, a strong investment strategy and tax savings. If you understand market risk and can invest for the long term, then you can consider investing in this fund.
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Important dates related to NFO
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NFO opening date: 24 December 2024
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NFO closing date: 22 January 2025
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Resale and redemption of units: Within 5 working days of allotment
Special things related to NFO
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Scheme Type: Open-Ended Equity Scheme – (ELSS)
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Objective: To provide long term capital growth through equity investments and tax saving benefits under Section 80C.
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Benchmark: BSE 500 Total Return Index
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Minimum Investment: Rs 500 (SIP or Lumpsum)
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Lock-in period: 3 years
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Entry and Exit Load: None
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Plans Available: Regular Plan and Direct Plan (Growth and Income Option)
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Risk Level: Very High
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Fund Managers: Nimesh Chandan, Saurabh Gupta and Siddharth Chaudhary
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Investment Strategy: Bottom-up stock selection based on strong fundamentals and growth potential. INQUBE INVESTMENT PHILOSOPHY.
(Disclaimer: The purpose of this article is only to provide information and not to advise investment in any fund. There is no guarantee that the past returns of equity mutual funds will continue in the future. Investment decisions should be taken only after taking the opinion of a SEBI approved investment advisor. Do.)
