BAJAJ ASSET MANAGEMENT LIMITED.
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.
Nimesh Chandan has over 26 years of experience in the Indian Capital Markets. He has spent 22 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 of 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.
Sorbh Gupta has over 20 years of experience in the Indian Capital Markets. In November 2022, he was appointed as Head – 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. and Pranav Securities Pvt. Ltd.
Siddharth Chaudhary joined the Company in July 2022 as a Senior Fund Manager – Fixed Income. Prior to this, he was associated with Sundaram Asset Management Co. Ltd from April 2019 - July 2022 as Head Fixed Income – Institutional Business. From April 2017 – March 2019, he served as a Head – Fixed Income, and from August 2010 – March 2017 as a Fund Manager – Fixed Income with Sundaram Asset Management Co. Ltd. During June 2006 – September 2010, he was working as Senior Manager, Treasury Dept in Indian Bank.
| Instruments | Indicative allocations (% of total assets) | |
|---|---|---|
| Minimum | Maximum | |
| Equities & Equity related securities | 80% | 100% |
| Debt and Money Market Instruments* and Units of Mutual Fund schemes | 0% | 20% |
*Debt instruments shall be deemed to include securitized debts (excluding foreign securitized debt). Money market instruments will include Commercial papers, Commercial bills, Treasury bills, Government securities having an unexpired maturity up to one year, Tri-party Repos on Government securities or treasury bills (TREPS), Certificate of deposit, Usance bills, permitted securities under a repo / reverse repo agreement and any other like instruments may be permitted by RBI / SEBI from time to time, subject to necessary regulatory approvals.
An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit
Nil
to view Total Expense Ratio
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*:
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 funds primarily invest (minimum 80% of the portfolio) in equities and equity-related securities.
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.
Bajaj Finserv ELSS Tax Saver Fund is a mutual fund that invests in equities with long-term growth potential while also offering tax benefits under Section 80C of the Income Tax Act, 1961, under the old regime.
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 in a financial year for all eligible investment options under Section 80C of Income Tax Act, 1961. The exemption is available for investors under the old tax regime. Exemptions are subject to prevailing tax laws.
You can invest in Bajaj Finserv ELSS Tax Saver Fund through both online and offline channels. You can invest independently or with the help of a distributor.
ELSS funds are a type of mutual fund. The suitability of mutual funds, including ELSS funds, depends on your goals, risk appetite and preferences.
No, ELSS funds are not tax-free after the 3-year lock-in period. While investments up to ₹1.5 lakh in a financial year are eligible for deduction under Section 80C of the Income Tax Act, 1961, (old tax regime), gains on redemption are subject to long-term capital gains tax. Capital gains exceeding ₹1.25 lakh in a financial year are taxed at 12.5%, plus applicable surcharge and cess.
Like all equity investments, ELSS funds carry market risk and can experience high volatility, especially in the short term. Additionally, they come with a three-year lock-in period, which can make them unsuitable for those who need liquidity in the near term.
Investments of up to Rs. 1.5 lakh in ELSS funds in each financial year are eligible for tax deduction under Section 80C of the Income Tax Act, 1961, for those who have chosen the old tax regime. This means you can claim the tax benefit every financial year, provided you invest in ELSS (or other eligible options) during that year.
You can use tools such as CAGR calculators and XIRR calculators to estimate the returns on your ELSS tax saver fund returns. You can also refer to AMFI and other reputable websites, along with your AMC’s website, for latest returns data.
Past performance may or may not be sustained in future.
The fund’s risk classification is based on the portfolio composition as well as SEBI guidelines and is subject to periodic review. Refer to the Riskometer above on this scheme page and latest scheme-related documents for the current risk level.
The fund’s top holdings are selected by the fund manager and may change over time based on market outlook and research insights. For up-to-date information, please check the latest factsheet or this page.
Asset allocation of the Bajaj Finserv Large Cap Fund is as per the Scheme Information Document (SID). For the current allocation across equity and other instruments, please refer to the most recent factsheet or the portfolio section on this page
The Total Expense Ratio (TER) may differ for Direct and Regular Plans and can change over time. For the most current expense ratio, please refer to the latest factsheet or the Total Expense Ratio section on this page.
An ELSS tax saver fund SIP may potentially benefit you as it allows you to invest gradually while benefiting from tax deductions under Section 80C (old tax regime) of the Income Tax Act, 1961. It also helps inculcate disciplined investing and may average out the purchase cost over market cycles, potentially helping mitigate the impact of market volatility. However, a very high risk appetite is needed for equity funds.
ELSS funds may be considered as part of long-term financial planning due to their equity exposure. However, ELSS tax saver fund performance is market-linked and may vary across market cycles. Suitability depends on individual goals, time horizon, and risk tolerance.
The term for income distributed by mutual funds is no longer called dividend, it is called IDCW Payout. Such income received from ELSS funds is taxable in the hands of the investor. They are taxed as per the investor’s applicable income tax slab rate.
The NAV is calculated at the end of every business day. The latest NAV can be viewed at the top of this page and on the AMFI website.
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Our Investment Philosophy reflects what we, as an organisation, believe will generate a good return on equity investment for our investors in the long term. It dictates our goals and guides decision making.
Alpha (a) is a term used in investing to describe an investment strategy’s ability to beat the market.
Alpha is thus also often referred to as excess return or the abnormal rate of return in relation to a benchmark, when adjusted for risk. Essentially, it means doing better than the crowd without taking disproportionate risk.
Collecting superior information
Analysts and portfolio managers strive to collect superior information about the business and the management of the company. They try to generate superior earnings forecast and the balance strength of the company and the industry, thereby trying to 'beat the market' on information edge. This is an important source of alpha for an investor. However, over the years, retaining the information edge has become more difficult and expensive. With a whole lot of investors trying to collect superior information, how can an investor be sure to continuously have accurate and material information about the companies, ahead of others, all the time?
Processing information better
Even if you don't have material information earlier than the crowd, you can still generate better outcomes if you are able to process this information better. Investors develop models and algorithms with enhanced predictive powers to forecast the next move. Fund managers who invest based on some pure formal analytical models are quantitative managers. Here, the goal is to try and beat other investors based on the sophistication of procedures or analytics. The analytical edge can be quite useful until it gets copied by many, and then it may stop generating superior returns.
Exploiting behavioural biases
As the name suggests, this edge is achieved by superior behaviour in reacting to the inputs available to maximise alpha. Modern finance assumes people behave with extreme rationality. However, researchers in behavioural finance have shown that this is not true. Moreover, these deviations from rationality are often systematic. Behavioural managers try to exploit situations where securities are mispriced by the market because of behavioural factors. At Bajaj Finserv AMC, we endeavour to combine the best of these edges.
