Bajaj Finserv ELSS Tax Saver Fund Review – Bajaj Finserv ELSS Tax Saver Fund Review Direct NFO Open on 24 December 2024 and Close on 22 January 2025. Bajaj Finserv ELSS Tax Saver Fund Review Direct NFO Allotment Date is 29 January 2025, and the NFO Type is Open-Ended. NFO Riskometer is Very High Risk, and the Minimum Investment Amount is ₹500. The Minimum SIP Investment Amount is ₹500.
Type of the Scheme
An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit.
Scheme Benchmark : BSE 500 Total Return Index (TRI)
Bajaj Finserv ELSS Tax Saver Fund Scheme Benchmark
| Company | Weightage |
|---|---|
| HDFC BANK LTD. | 7.44% |
| ICICI BANK LTD. | 4.97% |
| RELIANCE INDUSTRIES LTD. | 4.54% |
| INFOSYS LTD. | 3.81% |
| TATA CONSULTANCY SERVICES LTD. | 2.4% |
| LARSEN & TOUBRO LTD. | 2.4% |
| BHARTI AIRTEL LTD. | 2.29% |
| ITC LTD. | 2.26% |
| STATE BANK OF INDIA | 1.74% |
| AXIS BANK LTD. | 1.73% |
Bajaj Finserv ELSS Tax Saver Fund Important Date
| Scheme Offer | Bajaj Finserv ELSS Tax Saver Fund |
|---|---|
| Offer Price | Rs. 10/- per Unit |
| Type of Scheme | An open-ended |
| Open Date | 24 Dec 2024 |
| Close Date | 22 Jan 2025 |
| Allotment Date | 29 Jan 2025 |
| Category | ELSS Fund |
| Min Inv ₹ | ₹500 |
| Lock in Period | N/A |
| Risk | Very High |
| Scheme Benchmark | BSE 500 Total Return Index |
Investment Objective of the Scheme ?
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.
Bajaj Finserv ELSS Tax Saver Fund Other Details
| Exit Load | N/A |
|---|---|
| Exit Load Details | N/A |
| Entry Load | N/A |
| Stamp Duty | 0.005% |
| Min. Investment | Rs. 500 |
| Min. SIP | Rs. 500 |
Bajaj Finserv ELSS Tax Saver Fund Asset Allocation
| Instruments | Allocation Min | Allocation Max |
|---|---|---|
| Equities & Equity related securities | 80% | 100% |
| Debt and Money Market Instruments and Units of Mutual Fund schemes | 0% | 20% |
Manager Manage the Scheme?
Fund Manger : Mr. Nimesh Chandan
Qualification : B.Com, MMS (Finance)
Experience : Mr. Nimesh has over 23 years of experience in the Indian Capital Markets. He has spent 18 years in Fund Management- managing and advising
domestic and international investors, retail as well as institutional. Prior to joining Bajaj Finserv Asset Management Ltd, he has worked with Canara Robeco
Asset Management as Head Investments, Equities (Domestic and Offshore). He has also worked with other asset management companies including Birla Sunlife Asset Management, SBI Asset Management and ICICI Prudential Asset Management.
Fund Manger : Mr. Sorbh Gupta
Qualification : CA, CFA, BCOM
Experience : Mr. Sorbh has over 16 years of experience in the Indian Capital Markets. Since November 2022, he was appointed as Senior Fund Manager – Equity at Bajaj Finserv Asset Management Limited. Prior to joining Bajaj Finserv Asset Management Limited he was associated with Quantum Asset Management Company Private Ltd. He has also worked with other financial Companies such as Siddhesh Capital Markets Pvt. Ltd. & Pranav Securities Pvt. Ltd.
Bajaj Finserv ELSS Tax Saver Fund Sector Representation
| Sector | Weightage |
|---|---|
| Consumer Discretionary | 21.4% |
| Financial Services | 18.6% |
| Industrials | 14.6% |
| Commodities | 13.8% |
| Healthcare | 9% |
| Fast Moving Consumer Goods | 6.2% |
| Information Technology | 5% |
| Energy | 3.6% |
| Services | 2.8% |
| Utilities | 2.4% |
| Telecommunication | 1.8% |
| Diversified | 0.8% |
Bajaj Finserv ELSS Tax Saver Fund Index Return
| Index Return | QTD | YTD | 1 Year | 5 Years | 10 Years |
|---|---|---|---|---|---|
| Price Return | -4.63 | 16.29 | 25.61 | 18.07 | 12.55 |
| Total Return | -4.44 | 17.57 | 27.01 | 19.58 | 13.97 |
Where Will the Scheme Invest ?
- Equity and equity related securities including convertible bonds and debentures and warrants carrying the right to obtain equity shares.
- Securities created and issued by the Central and State Governments and/or repos/reverse repos in such Government Securities as may be permitted by RBI (including but not limited to coupon bearing bonds, zero coupon bonds and treasury bills).
- Securities guaranteed by the Central and State Governments (including but not limited to coupon bearing bonds, zero coupon bonds and treasury bills).
- Corporate debt securities (of both public and private sector undertakings).
- Obligations or Securities issued by banks (both public and private sector) including term deposits as permitted by SEBI / RBI from time to time and development financial institutions.
- Money market instruments including.
- Securitized Debt.
- The non-convertible part of convertible securities.
- Derivative instruments like Stock/Index Futures, Stock/Index Options, and such other derivative instruments permitted by SEBI.
- ADRs / GDRs / Foreign Securities / Overseas ETF as permitted by Reserve Bank of India and Securities and Exchange Board of India.
- Units of Mutual Fund Schemes/Exchange Traded Funds.
- Cash & cash equivalents(Cash Equivalent shall consist of following securities having residual maturity of less than 91 days.
- Government Securities.
- T-Bills.
- Repo on Government securities.)
- Non-convertible Preference shares.
- Repo transactions in corporate debt securities.
- Units of REITs & InvITs.
- Debt instruments with special features.
- Credit Default Swaps.
- Any other domestic fixed income securities subject to requisite approvals from SEBI/RBI, if needed.
Also Read: Bajaj Finserv Gilt Fund Review
Bajaj Finserv ELSS Tax Saver Fund Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower- B, Plot 31-32, Gachibowli, Financial
District, Nanakramguda, Serilingampally, Hyderabad500 032, Telangana, India.
Tel No.: +91 40 6716 2222
Website: Www.Kfintech.Com
Email: Hoacfoods.Ipo@Kfintech.Com
Investor Grievance Email:Einward.Ris@Kfintech.Com
Contact Person: Mr. M Murali Krishna
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