If you’re looking to save on taxes and earn good returns on your investment, Bajaj Finserv Asset Management Company has introduced the ELSS Tax Saver Fund.
This fund opened for investment on December 24 and will remain available until January 22, 2025. It is benchmarked against the BSE 500 Total Return Index (TRI).
Benefits of Investing in ELSS Funds
By investing in the Bajaj Finserv ELSS Tax Saver Fund, you can reduce your tax burden and build a substantial corpus over the long term.
This fund has a lock-in period of just three years, which is shorter compared to other tax-saving options like PPF, tax-saving FDs, or NPS, which require a lock-in of 5–15 years.
The ELSS Tax Saver Fund is a great choice for salaried employees and first-time investors.
Under Section 80C of the Income Tax Act, investments of up to ₹1.50 lakh in ELSS funds are eligible for tax exemption.
Flexible Investment Options with Tax Benefits
You can start investing in the ELSS Tax Saver Fund with a minimum amount of ₹500. Investors have the flexibility to choose between growth or IDCW options under direct and regulatory plans.
This mutual fund will invest in large-cap, mid-cap, and small-cap companies to achieve long-term capital growth.
At the same time, it offers the added advantage of tax savings through investments in equity or equity-based instruments.
Designed for Long-Term Financial Growth
Nimesh Chandan, Chief Investment Officer at Bajaj Finserv, emphasized that the fund is designed with long-term goals in mind.
By focusing on quality stocks and consistent growth, the ELSS Tax Saver Fund aims to create a strong portfolio that helps investors achieve their financial objectives while providing tax benefits.
