Sunday, June 15, 2025

Bajaj Finserv AMC launches ‘Bajaj Finserv ELSS Tax Saver Fund’

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).

Ganesh Mohan, Chief Executive Officer, Bajaj Finserv AMC said, “We are committed to empowering individuals with smart financial solutions that align with their long-term goals. 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.”

Nimesh Chandan, Chief Investment Officer, Bajaj Finserv AMC, said, “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 our inhouse INQUBE investment philosophy, which makes use of superior information collection, behavioural insights, and quantitative analysis to create a robust and well-balanced portfolio.”

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