BARODA ELSS 96 Fund * Return since Launch: 11.96% Invest Now

Baroda ELSS 96 Fund Overview

Baroda ELSS 96 Fund is an open-ended equity linked savings scheme. Baroda ELSS 96 Fund was launched on 31st March 1996. The benchmark of this fund is S&P BSE 200 TRI. This fund is managed by Mr. Dipak Acharya and Mr. Sanjay Chawla. The exit load is zero for this fund. The risk is moderately high but the return is also high as this fund invests in equity. You also can save tax with the help of this fund as this fund also gives tax benefit under section 80C which is up to rs. 1.5lakh. Baroda ELSS 96 Fund has 94.1% investment in Indian stocks of which 60.87% is in large cap stocks, 20.07% is in mid cap stocks , and 6.07% is in large cap stocks.

Eligibility criteria of Baroda ELSS 96 Fund

• Adult citizens residing in India.
• Minor through legal guardians/parents.
• Limited liability partnership.
• Religious and charitable trusts.
• Banking and financial institutions
• Mutual Funds or Alternative Investment Funds which have registrations under the Securities and Exchange Board of India
• The Karta of Hindu Undivided Family (HUF)
• Persons of Indian origin residing abroad (PIOs) or Non-Resident Indians can apply for subscription either on repatriation basis or on non-repatriation basis (permitted under Schedule 5 of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000)
• Foreign Institutional Investors (FIIs) who have registration under the Securities and Exchange Board of India on repatriation basis (permitted under Schedule 5 of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000)
• Mutual Funds or Alternative Investment Funds which have registrations under the Securities and Exchange Board of India
• Other schemes of Mutual Funds subject to the conditions and limits prescribed by SEBI Regulations.

Documents required for Baroda ELSS 96 Fund

KYC Documents:

• PAN Card
• Adhaar Card
• Voter’s ID
• Passport Size Photo
• Download the KYC form
• The investors will be issued an acknowledgement receipt which he/she needs to submit while applying for subscribing for a mutual fund scheme.

Advantages of Baroda ELSS 96 Fund

• Small investment option.
• Well organized investment.
• Quick purchase and sell option.
• You can track your investment.
• You can invest in either SIP or lump sum way.
• Baroda ELSS 96 Fund is managed by experienced professionals.
• Baroda ELSS 96 Fund gives tax benefit under section 80C the maximum amount is Rs. 1.5lakh.
• All Mutual Fund Companies are regulated by SEBI so no one will fly away with your hard earned money.