| Launch date | 24 Dec 2024 |
| Allotment date | 29 Jan 2025 |
| End date | 22 Jan 2025 |
| NAV | ₹10.00 |
Expense ratio, exit load and tax
Expense ratio: NA
Inclusive of GST
Exit load
Nil
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Minimum investment amounts
| Min. for 1st investment | ₹500 |
| Min. for 2nd investment onwards | ₹500 |
| Min. for SIP | ₹500 |
Fund management
Nimesh ChandanDec 2024 - PresentView details
Siddharth ChaudharyDec 2024 - PresentView details
Sorbh GuptaDec 2024 - PresentView details
Fund house & investment objective
| Rank (total assets) | NA |
|---|---|
| Total AUM | ₹12,262.83Cr |
| Date of Incorporation | 18 Oct 2021 |
|---|
Bajaj Finserv ELSS Tax Saver Fund Direct Growth is a Equity Mutual Fund Scheme launched by Bajaj Finserv Mutual Fund. This scheme was made available to investors on 18 Oct 2021. Nimesh Chandan is the Current Fund Manager of Bajaj Finserv ELSS Tax Saver Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹12,263 Cr and the Latest NAV as of 24 Dec 2024 is ₹10.00. The Bajaj Finserv ELSS Tax Saver Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹500. ;
Investment Objective
The scheme seeks 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. ;
| Fund benchmark | BSE 500 Total Return Index |
|---|
Peer Comparison
| Equity, ELSS funds | Rating | 1Y | 3Y | Fund Size(Cr) |
|---|---|---|---|---|
Motilal Oswal ELSS Tax Saver Fund Direct Growth | 5 | 33.7% | 24.0% | 4,414.88 |
SBI Long Term Equity Fund Direct Plan Growth | 5 | 21.9% | 23.0% | 27,791.08 |
Parag Parikh ELSS Tax Saver Fund Direct Growth | 5 | 16.9% | 17.2% | 4,506.61 |
Quant ELSS Tax Saver Fund Direct Growth | 5 | 6.3% | 16.5% | 10,512.81 |
Bandhan ELSS Tax Saver Fund Direct Plan Growth | 4 | 9.7% | 13.8% | 6,822.10 |