February 19, 2025
mayank
Bajaj Finserv ELSS Tax Saver Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 10.0460
NAV IDCW: Rs 10.0460
Suitable For Which Investors?
When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.
But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy:
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.
Fund Manager:
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.
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | 3 Years |
| Exit Load | 0 |
Basic Details of Bajaj Finserv ELSS Tax Saver Fund
| Fund House | Bajaj Finserv Mutual Fund |
| Launch Date | 29-Jan-25 |
| Return Since Launch | 0.46% |
| Benchmark | BSE 500 TRI |
| Riskometer | Low |
| Type | Open-ended |
| Assets | Rs 30 Cr |
| (As on 31-Jan-2025) | |
| Expense | 0.45% |
| (As on 31-Jan-2025) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | — |
Trailing Returns (%) of Bajaj Finserv ELSS Tax Saver Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Bajaj Finserv ELSS Tax Saver Dir | — | -0.12 | — | — | — | — | — | — | — | — |
| BSE 500 TRI | — | 0.12 | — | — | — | — | — | — | — | — |
| Equity: ELSS | — | -0.21 | — | — | — | — | — | — | — | — |
| Rank within category | — | 20 | — | — | — | — | — | — | — | — |
| Number of funds in category | 39 | 40 | 39 | 39 | 39 | 39 | 33 | 33 | 30 | 26 |
Peer Comparison of Bajaj Finserv ELSS Tax Saver Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Bajaj Finserv ELSS Tax Saver Dir | Unrated | — | — | — | 0.45 | 30 | 0.46 | — | 21D | — |
| SBI Long Term Equity Dir | 5 star | 9.31 | 23.20 | 23.22 | 0.95 | 27,306 | 16.41 | — | 12Y 1M | 20.00 |
| DSP ELSS Tax Saver Dir | 4 star | 10.77 | 17.38 | 20.33 | 0.72 | 15,985 | 17.66 | — | 12Y 1M | 37.00 |
| HDFC ELSS Tax Saver Dir | 4 star | 10.83 | 21.60 | 21.09 | 1.10 | 15,413 | 15.16 | — | 12Y 1M | 33.03 |
| Quant ELSS Tax Saver Dir | 5 star | -7.86 | 14.92 | 29.68 | 0.50 | 10,279 | 19.95 | — | 12Y 1M | 162.00 |
Chanakya’s Mutual Fund Guidance For Bajaj Finserv ELSS Tax Saver Fund
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