First-time Offer for Bajaj Finserv’s Tax-Eligible ELSS Fund: A Comprehensive Guide

Bajaj Finserv Mutual Fund is launching a new Equity Linked Savings Scheme (ELSS) fund called Bajaj Finserv ELSS Tax Saver Fund. This fund aims to generate long-term capital appreciation and provide tax benefits under Section 80C of the Income Tax Act, 1961. The fund manager will invest in companies with strong growth potential, with a focus on sectors and companies with competitive advantages. The fund will have a 3-year lock-in period and will be available for subscription from December 24, 2024, to January 22, 2025. The fund has a high risk profile and is suitable for investors with very high risk appetite who can invest for 7-10 years. The minimum subscription amount is ₹500, with flexible investment options like SIP and SWP. The fund offers a regular plan and a direct plan, each with growth and income options.