Everything you need to know about Bajaj Finserv ELSS Tax Saver FundEverything you need to know about Bajaj Finserv ELSS Tax Saver Fund

About the Company: 

Bajaj Finserv, a leading financial services company in India, offers diversified solutions including insurance, lending, and wealth management. Known for innovation and customer-centricity, it caters to a broad audience, empowering financial growth and security through its wide range of products and services.

Type of Fund: 

The type of the fund for Bajaj Finserv ELSS Tax Saver Fund is Open.

Manager: 

The fund is managed by Nimesh Chandan and Siddharth Chaudhary, seasoned professionals with extensive experience in financial markets and portfolio management.

Open and Close Date: 

The fund opened on December 24, 2024, and will close on January 22, 2025.

Minimum and Maximum Investment: 

The minimum lumpsum and additional investment required is ₹500, with no specified maximum investment limit.

Expense Ratio: 

The expense ratio for the Bajaj Finserv ELSS Tax Saver Fund is 0%.

Allocation with Percentage: 

At least 80% of the total assets are allocated to equity and equity-related securities, while up to 20% is invested in debt and money market instruments.

Objective: 

The scheme aims to generate long-term capital appreciation through a diversified equity portfolio while offering tax deductions under Section 80C of the Income Tax Act, 1961.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.