The scheme seeks capital appreciation through investments in equities, cumulative convertible preference shares and fully convertible debentures and bonds. The scheme was converted into an open-ended plan in November 1999.
| Tenure | Fund return | Category average | Category rank |
|---|---|---|---|
| 1 Year | 7.97 | 6.51% | 14 |
| 3 Years | 22.92 | 16.14% | 1 |
| 5 Years | 19.79 | 14.99% | 2 |
| 10 Years | 15.61 | 14.41% | 7 |
The table depicts year-on-year returns delivered by this fund. The category average column depicts the average returns of all the funds in this category, and the last column shows how this particular fund has ranked within the category.
One of the fundamental rules for choosing mutual funds is to choose a fund with a proven track record. Advisors and distributors base their fund recommendations mainly on historical performance while evaluating track record.
It is the smallest value amount for which an investor can purchase a mutual fund. It can vary for each mutual fund.
There are multiple ways to invest in mutual funds. Here is an illustration of the two of the most popular options for your convenience:
1: Shivani chooses to start an SIP of Rs. 5,000 with Bajaj Finserv. Every month she invests Rs. 5,000 on a date chosen by her.
2: Rahul chooses to invest a lumpsum amount of Rs 1,00,000.
Scheme details
Category
equity: elss
Launch date
19 July, 2010
Fund type
Open End
Lock in period
NA
Additional details
AUM
Assets Under Management (AUM) is the total market value of the investments that the fund manages on behalf of the unitholders.
Benchmark index
It is an unmanaged group of securities which are considered as a 'benchmark' to measure a fund's/stock's performance.
Portfolio turnover
It is an indicator of how quickly fund managers buy and sell the specific assets and securities within the fund in a specified period.