NFO Alert News: NJ Mutual fund has launched a new fund offer [NFO] in ELSS category called NJ ELSS Tax Saver scheme. Here are the details to check out for. Let’s understand about it and know more.
We sastabroker have brought this NJ Tax Saver NFO (New Fund Offer) details for you, just check it out and invest to save your taxes and for long term wealth creation.
What is ELSS Mutual Fund?
The ELSS Mutual Funds are a kind of mutual fund which offers the benefit of Tax Saving under section 80C and have a locking period of 3 years. ELSS mutual funds have a very minimum locking period as compared to other tax saving instruments.
ELSS Mutual funds primarily invest in stocks means in equity related instruments with a diversified strategy of investing into Large Cap, Mid cap & small cap stocks.
Returns from the equity related mutual funds or ELSS mutual funds are guaranteed but in the long term these instruments generate attractive returns which can beat inflation.
What is NJ ELSS Tax Saver Scheme?
After the success of NJ Balanced Advantage scheme; NJ Mutual Fund has started another scheme in Tax Saving ELSS category called as NJ ELSS Tax Saver Scheme. This is suitable for the investment for long term returns with the locking period of 3 years and tax saving benefits under section 80c by investing up to Rs.1.5 Lakh
What is NJ ELSS Mutual Fund Scheme objective?
The Objective of NJ ELSS Scheme is to generate long term capital appreciation and income from the portfolio of diversified equity and equity related instruments. But it is also said that there is no guarantee & the scheme objective will be achieved.
What is NJ ELSS Tax Saver Scheme tax benefit?
By Investing Rs.1,50,000/- into NJ ELSS Scheme under section 80C, you can save up to Rs.45,000/- per financial year.
NJ ELSS Mutual Fund Scheme Details
| AMC Name | NJ Mutual Fund |
| Scheme Name | NJ ELSS Tax Saver Scheme |
| Asset Class | Equity |
| Category | ELSS |
| Scheme Type | Growth |
| NFO Start Date | 13th March 2023 |
| NFO Closing Date | 09th June 2023 |
| Minimum Investment | Rs.500 |
| Minimum SIP Investment | Rs.500 |
| Investment Modes | Lumpsum & SIP |
| Risk Meter | Very High Risk |
| How to Invest | Click Here to Invest |
How to invest in NJ Tax Saver Scheme?
You can invest in NJ Tax saver scheme using following option/s:
- Click here to Invest Online
- Click Here to download offline form
Who is the Fund Manager of NJ Tax Saver Scheme?
The Fund Manager of the tax saver scheme is Viral Shah.
What are NJ Fund House details:
| Fund House | NJ Mutual Fund |
| Address | Unit Number: 101A, 1st Flr, Hallmark Business Plaza, Bandra (E), Mumbai – 400 051 |
| Contact Number | 022 68940000 |
| complianceamc@njgroup.in |
