December 20, 2024
mayank
Bajaj Finserv ELSS Tax Saver Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @sahifund.com
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Bajaj Finserv ELSS Tax Saver Fund Open Date, Close Date?
NFO opens on December 24, 2024
NFO will close on January 22, 2025
Investment Strategy for this NFO?
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.
Basic Details
| Fund House | Bajaj Finserv Mutual Fund |
| Issue Open | 24 December 2024 |
| Issue Close | 22 January 2025 |
| Type | Open-ended |
| Category | Equity: ELSS |
| Min. Investment(Rs) | 500 |
| Plans | Growth, IDCW |
| Lock-in Period | 3 Years |
| Exit Load | 0 |
| Riskometer | Very High |
| Benchmark | BSE 500 TRI |
About Benchmark Index for this NFO?
The BSE 500 index is designed to be a broad representation of the Indian market. Consisting of the top 500 companies listed at BSE Ltd., the index covers all major industries in the Indian economy. It was launched on 9th August 1999
Methodology:
1. The index is derived from the constituents of the BSE AIICap. The inclusion of DVRs in the index will result in more than 500 stocks in the index. However, the number of companies in the index remains fixed at 500.
2. The following company data points are calculated for each eligible company for Index Construction.
1• Average daily total market capitalization
2• Annualized traded value
3• Trading frequency
For complete details please view the Methodology document at https://www.asiaindex.co.in/Downloads/BSE_lndices_Methodology.pdf
Quick Facts
| Launch Date | 9th August 1999 |
| First Vlaue Date | 1st February 1999 |
| Base Value | 1000 |
| Number of Constituents | 500 |
| Reconstitution Frequecy | Semiannually in June and December |
| Weighting Method | Float -adjusted market cap weighted |
| Index Universe | BSE AIICap |
| Calculation Currencies | INR, USD |
Fund Managers of Bajaj Finserv ELSS Tax Saver Fund
1) Nimesh Chandan
Education: Mr. Chandan is an MBA in Finance.
Experience: He has good years of experience in capital markets. Prior to joining Bajaj Finserv Mutual Fund, he had been with Canara Robeco MF, ICICI Prudential MF, SBI MF and Aditya Birla Sun Life AMC as fund manager and has also worked with Stratcap Securities and Darashaw and Company.
2) Sorbh Gupta
Education: Mr. Gupta is a B.Com, CA and CFA.
Experience: Prior to joining Bajaj Finserv Mutual Fund, he was associated with Quantum Mutual Fund, Siddhesh Capital Markets Pvt. Ltd. & Pranav Securities Pvt. Ltd. He has over 11 years of overall experience in the equity research.
3) Siddharth Chaudhary
Education: Mr. Chaudhary is a B.Com (H) and PGDM (Securities Markets).
Experience: Prior to joining Bajaj Finserv Mutual Fund, he has worked with Sundaram Mutual Fund and Indian Bank.
AMC
Bajaj Finserv Asset Management Ltd.
Address: 8th floor, E-Core, Solitaire Business Hub (formerly Marvel Edge), Viman Nagar Pune – 411014
Website: https://www.bajajamc.com/
Registrar & Transfer Agent
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: https://mfs.kfintech.com/mfs/
Review for Bajaj Finserv ELSS Tax Saver Fund @ sahifund.com by Paresh Gordhandas, C.A., Research Analyst
[ A ] Benchmark Performance of BSE 500 TRI
Performance
| INDEX LEVEL | RETURNS | ANNUALIZED RETURNS | ||||||
| 1 MO | 3 MOS | YTD | 1 YR | 3 YRS | 5 YRS | 10 YRS | ||
| TOTAL RETURNS | 45481.60 | 0.06% | 4.44% | 17.57% | 27.01% | 16.85% | 19.58% | 13.97% |
| PRICE RETURNS | 35726.11 | -0.03% | -4.63% | 16.29% | 25.61% | 15.35% | 18.07% | 12.55% |
Risk
| Index Level | Annualised Risk | Annualised Risk – Adjusted Returns | ||||||
| 1 YRS | 3 YRS | 5 YRS | 10 YRS | 1 YRS | 3 YRS | 5 YRS | 10 YRS | |
| Total Returns | 12.95% | 13.39% | 19.57% | 16.98% | 2.09 | 1.24 | 1 | 0.82 |
| Price Returns | 12.94% | 13.37% | 19.64% | 17.01% | 1.98 | 1.14 | 0.92 | 0.74 |
Fundamentals
| PE | PB | DIV. YIELD% |
| 25.82 | 4.1 | 1.05 |
Index Characteristics
| NUMBER OF CONSTITUENTS | – |
| CONSTITUENT MARKET CAP [INR CRORE] | |
| MEAN TOTAL MARKET CAP | 78381.68 |
| LARGEST TOTAL MARKET CAP | 1748895.52 |
| SMALLEST TOTAL MARKET CAP | 4685.82 |
| MEDIAN TOTAL MARKET CAP | 29928.52 |
| WEIGHT LARGEST CONSTITUENT [%] | 7.38 |
| WEIGHT TOP 10 CONSTITUENTS [%] | 33.78 |
Note on Benchmark Performance:
[ B ] Performance Review of the Fund Managers of this NFO
Past Performance of Nimesh Chandan
| Fund | Bajaj Finserv Flexi Cap Fund | It’s Benchmark | Bajaj Finserv Balanced Advantage Fund | It’s Benchmark |
| 1 Year | 29.03 | 19.32 | 9.30 | 12.47 |
| 3 Year | — | — | — | — |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 20-12-2024
Past Performance of Sorbh Gupta
| Fund | Bajaj Finserv Balanced Advantage Fund | It’s Benchmark | Bajaj Finserv Large Cap Fund | It’s Benchmark |
| 1 Year | 9.30 | 12.47 | — | — |
| 3 Year | — | — | — | — |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 20-12-2024
Past Performance of Siddharth Chaudhary
| Fund | Bajaj Finserv Money Market Fund | It’s Benchmark | Bajaj Finserv Arbitrage Fund | It’s Benchmark |
| 1 Year | 7.77 | 4.80 | 7.68 | 4.80 |
| 3 Year | — | — | — | — |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 20-12-2024
Note on Fund Managers’ performance
[ C ] Conclusion
X
Is it good to invest in Bajaj Finserv ELSS Tax Saver Fund NFO?
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