Suitable for Salaried & First-time investors. - Bajaj Finserv ELSS Tax Saver Fund..!

 Suitable for Salaried & First-time investors. - 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 new fund offer opens on December 24, 2024 and closes on January 22, 2025
• The scheme will be benchmarked against BSE 500 Total Return Index (TRI)

Bajaj Finserv AMC has announced the launch of Bajaj Finserv ELSS Tax Saver Fund, an open-ended equity linked saving scheme with a statutory lock-in period of 3 years and tax benefits. The fund opens for subscription on December 24, 2024, and the New Fund Offer period ends on January 22, 2025.

Bajaj Finserv ELSS Tax Saver Fund aims at fulfilling the dual benefits of tax saving and wealth accumulation over long term by investing in equities. The scheme is suitable for investors who seek the potential for wealth creation over the long term and want to invest predominantly in equity and equity related instruments with tax benefit under Section 80C of the Income Tax Act, 1961. The scheme is benchmarked against BSE 500 Total Return Index (TRI).

ELSS has a lock-in period of 3 years, the lowest among all tax-saving avenues under Section 80C. In comparison, options like PPF, NSC, or Tax-Saving Bank FDs have lock in of 5 – 15 years. This dual benefit of saving tax and wealth growing potential over the long term makes this scheme suitable for long-term investors aiming for wealth creation through equities.

Choice for salaried individuals as well as first-time investors..!

 

Additionally, the option to invest in affordable and disciplined instalments through Systematic Investment Plans can make ELSS a compelling choice for salaried individuals as well as first-time investors.

While equity markets may be volatile in the short term, they have the potential to generate wealth over the long term. ELSS, with its triple advantage of tax-saving (under Section 80C of the Income Tax Act), wealth creation through equities, and the lowest lock-in period compared to other tax-saving instruments, can help investors attain their financial goals.

The fund follows a long-term oriented stock selection process, which includes identifying and investing in quality businesses through comprehensive fundamental analysis. It focuses on selecting companies with robust, growth-oriented business model, good management and available at reasonable valuation. It is built on in house INQUBE investment philosophy, which makes use of superior information collection, behavioural insights, and quantitative analysis to create a robust and well-balanced portfolio.

Minimum Investment ₹500

The Bajaj Finserv ELSS Tax Saver Fund is available in both Growth and IDCW options under the Regular and Direct Plans. Investments in the scheme can be made either as a lump sum or through SIPs, with a minimum contribution of ₹500.

The fund will be managed by Mr. Nimesh Chandan and Mr. Sorbh Gupta for the equity portion and Mr. Siddharth Chaudhary for the debt portion.

 Bajaj Finserv ELSS Tax Saver Fund

An open-ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit.

For more details and Investing

Mr. S.Sridharan, Founder,  https://www.walletwealth.co.in/ 

If you need any advice on investments, do call us at 9940116967.

Team Wallet Wealth,

AMFI Registered Mutual Fund Distributor

2^nd Floor, No.8A, 2^nd Main Road, Nanganallur,

Chennai – 600 061

Ph: 044-48612114

https://www.walletwealth.co.in/ 

Email id : sridharan@walletwealth.co.in

You can contact Mr.S.Sridharan for all types of investments including mutual fund investment, medical insurance, and life insurance.

Read articles written by Mr. S. Sridharan in Nanayam Vikatan, a leading personal financial management magazine.

https://www.vikatan.com/author/855-sridharan-s

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

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