myplexus

NFO Monitor

Fund Fact

Name of Funds:

Bajaj Finserv ELSS Tax Saver

Opening:

24th December 2024

Closing:

22nd January 2025

Minimum Investment:

Rs. 500/- and in multiples of Rs. 500/- thereafter.

Plan:

Regular and Direct

Options:

Growth and IDCW

Entry Load:

Nil

Exit Load:

Nil

Fund Stats

Objective:

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.

Benchmark:

BSE 500

Fund Manager:

Nimesh Chandan, Sorbh Gupta, Siddharth Chaudhary

Asset Allocation

80-100 % Equity upto 20% Money Market

upto 20% Debt Nil Others

Comparable existing schemes

HSBC ELSS Tax saver	-3.34(6M)	21.60(1Y)
Bank of India ELSS Tax Saver	-11.82(6M)	11.32(1Y)

Fund Prognosis

Idea Distiller

Addition to the tax category when people wake up to saving taxes.

Fund House AAUM:
Rs 1845632.16 Lakhs(as on 31st December, 2024)
Fund Manager:
Combined experience of above 23 years

Scheme DNA 4 fundamentals

Uniqueness

Return

Risk

Operability

Oomph Factor

Difficult to make a mark in a crowded category. Initial going on could be good but it's the longer term that poses a problem.

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