What is the lock-in period in ELSS Fund

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Fund Card

Bajaj Finserv ELSS Tax Saver Fund

NFO

Equity

NFO Start Date	NFO Close On	Risk Type
24-12-24	22-01-25	Very High

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Summary Note

This is an equity fund with BSE 500 Total Return Index (TRI) as its benchmark. The risk level for this fund is categorized as Very High.

Summary Dynamic Card

Category of Scheme

ELSS fund

Benchmark Index

BSE 500 Total Return Index (TRI)

Benefits

Tax efficiency

Long-term capital gains from equity shares and equity-oriented mutual funds are tax-free up to Rs. 1.25 lakh per year, with excess gains taxed at flat 12.5%.

Long-term oriented stock selection process

Identifying stocks through fundamental analysis, ensuring fair valuation, and adopting a buy-and-hold strategy by investing in businesses with strong growth potential.

InQuBe

Our inhouse InQuBe investment philosophy brings informational, quantitative & behavioural edge to the portfolio.

Who Should Invest/Fund Manager

Who should invest in Bajaj Finserv ELSS Tax Saver Fund?

Salaried individuals: Seeking tax benefits and better post-tax returns over long term.
First-time investors: Exploring equity investments with a tax-saving incentive.
Long-term investors: Aiming for wealth creation through disciplined investing.

Fund Manager

Fund Managers

Nimesh Chandan

Chief Investment Officer

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Sorbh Gupta

Senior Fund Manager - Equity

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Siddharth Chaudhary

Senior Fund Manager - Fixed Income

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Scheme Fund Details

Fund Details

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.

Minimum Investment

Minimum Application Amount

Lumpsum: Rs. 500/- and in multiples of Rs. 500/- thereafter.
SIP: Rs. 500/- and in multiples of Rs. 500/- thereafter (minimum 6 instalments)

Load Structure

Load Structure/Lock-In Period

Entry load - Nil

Exit Load - Nil

The Trustee / AMC reserves the right to change the load structure any time in the future if they so deem fit on a prospective basis. The investor is requested to check the prevailing load structure of the scheme before investing.

Options

Options/Sub-Option

Growth option
Income Distribution cum Capital Withdrawal (IDCW) option with Payout of IDCW sub-option.
The scheme will have a common portfolio across various Plans/Options/Sub-options.
Investors are requested to note that Growth and IDCW Option (Payout) under Regular and Direct Plans will have different NAVs. These NAVs will be separately declared.
Bajaj Finserv ELSS Tax Saver Fund - Direct Plan is only for investors who purchase /subscribe units in a Scheme directly with the Fund.
Default option will be Growth Option.
Default sub-option will be Payout of IDCW sub-option.
For detailed disclosure on default plans and options, kindly refer SAI.

custom-one

Opening NAV

Offer for Units of Rs. 10 each for cash during the New Fund Offer and Continuous offer for Units at NAV based prices

Product Label and Riskometer

Product Label and Riskometer#

Bajaj Finserv ELSS Tax Saver Fund
An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit

This product is suitable for investors who are seeking*:

Wealth creation over long term
To invest predominantly in equity and equity related instruments with tax benefit under Section 80C of Income Tax Act, 1961

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them

#The above product labelling assigned during the New Fund Offer is based on internal assessment of the Scheme Characteristics or model portfolio and the same may vary post NFO when actual investments are made.

Scheme Documents

Documents

Presentation

Application

Key Information Document (KIM)

Scheme Information Document (SID)

Statement of Additional Information (SAI)

Overview

ELSS Fund Overview

Equity-Linked Saving Scheme (ELSS) is a unique investment option that aims for potential wealth creation while also offering tax benefits under the provisions of Section 80C of the Income Tax Act, 1961. ELSS primarily invests the major corpus of money (minimum 80% of the portfolio) in equities and equity-related securities.
There is no minimum allocation required in each market capitalization, so the fund manager is free to plan the flexi cap fund investment portfolio as per their growth strategy, market knowledge and insights.

Furthermore, these funds have the shortest lock-in period among all tax-saving investment options. The mandatory lock-in period for ELSS is just three years.

In recent years, many salaried investors have opted for ELSS funds for tax benefits. After the lock-in period is over, the units can be redeemed or switched, or you can also continue your investments for long term wealth creation.

Investments in ELSS funds are eligible for a tax deduction of up to Rs. 1.5 lakh under Section 80C of the Income Tax Act. So basically, the amount you invest in ELSS can be subtracted from your total taxable income, thereby reducing your tax liability.

FAQ

Frequently Asked Questions

ELSS Funds carry a lock-in period of 3 years during which investors cannot redeem their invested amount

Investors can claim a maximum exemption of Rs. 1,50,000 by investing in ELSS Funds under sec 80C of Income Tax Act, 1961. The exemption is available for investors under the old tax regime. Exemptions are subject to prevailing tax laws.

Bottom-up stock selection: Identifying stocks through fundamental company analysis
Ensure appropriate valuation: Evaluation of fair pricing for long-term investment
Buy and hold growth: Investment in businesses with strong future potential