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Baroda ELSS’96

 

An Open Ended Equity linked saving scheme with a statutory lock in of 3 years and tax benefit​.

Investment Objective​

To provide the investor long term capital growth as also tax benefit under Section 80C of the Income Tax Act, 1961. 

 
 
 
Plans
The Schemes have two plans thereunder, viz. Plan A and Plan B (Direct).

Plan B (Direct) is meant for direct investments, i.e. for investors who purchase/subscribe to the units of the Scheme directly with the Fund and is not available for investors who route their investments through a Distributor, while Plan A is meant for investors who route their investments through distributors only.

Both Plans will have a common portfolio but Plan B (Direct) will have a lower expense on account of absence of brokerage and commission. Hence both plans will have distinct NAVs.

Options
  1. Growth Option (default option in case no option specified by Investor)
  2. Dividend Payout Option

Dividend Reinvestment sub-option shall not be available to investors who transact through the stock exchange in dematerialized mode.
In respect of units subscribed through SIP, allotment will be based on the Applicable NAV, and will be credited to the demat account of the investor on a weekly basis upon realization of funds. For e.g. Units will be credited to the investor’s demat account every Monday for realization status received in the preceding week from Monday to Friday.


Benchmark Index
Benchmark : S&P BSE 200
Fund Manager
Snajay Chawla and Dipak Acharya
  
Load Applicability
Entry Load – Nil
Exit Load - Nil

  

Minimum Application Amount :
Purchase : Rs. 500/- and in multiples of Re. 1/- thereafter
Additional Purchase : Rs. 500/- and in multiples of Re. 1/- thereafter SIP
 
SIP :   Rs. 1000/- and in multiples of Re. 1/- thereafter per installment, where an investor opts for a monthly SIP

           Rs. 1500/- per installment, where an investor ops for a quarterly SIP.

SWP : Rs. 1000/- and in multiples of Re. 1/- thereafter per installment, where an investor opts for a monthly SIP

           Rs. 1500/- per installment, where an investor ops for a quarterly SIP.


Asset Allocation
   

Type of Instrument

Normal Allocation (% of net assets)

Risk Profile

Equity & Equity related Instruments

80-100

Medium to High

Debt & Money Market Instruments

0-20

Low to Medium

 

No investment will be made in securitized debt, including foreign securitized debt. The Scheme may take derivatives position based on the opportunities available, subject to the guidelines issued by SEBI from time to time and in line with the overall investment objective of the Scheme. These may be taken to hedge the portfolio, rebalance the same or to undertake any other strategy as permitted under the SEBI Regulations. The Scheme shall, under normal circumstances, not have exposure of more than 50% of its net assets in derivative instruments.
In addition to the instruments stated in the above table, the Scheme may invest in Collateralized Borrowing & Lending Obligations (CBLO) or repo or in an alternative investment as may be provided by RBI, to meet liquidity requirements. Pending deployment of the funds in securities as per the investment objectives of the Scheme, the Fund may park the funds of the Scheme in short term deposits of Scheduled Commercial Banks, subject to the guidelines issued by SEBI vide its circular dated April 16, 2007, as may be amended from time to time.
The Scheme shall not invest in the equity linked debentures.
The cumulative gross exposure through equity, debt and derivative positions shall not exceed 100% of the net assets of the Scheme