Bajaj Finserv MF introduces ELSS Tax Saver Fund
Bajaj Finserv Mutual Fund has launched Bajaj Finserv ELSS Tax Saver Fund, an open-ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit. The NFO opens for subscription on December 24, 2024 and closes on January 22, 2025. The Entry Load and the Exit Load is nil for the scheme. The minimum subscription amount is Rs 500 and in multiples of Rs 500 thereafter.
The performance of the scheme will be benchmarked at BSE 500 Total Return Index (TRI) and its fund managers are Nimesh Chandan, Sorbh Gupta and Siddharth Chaudhary.
The investment objective of the scheme is 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.
