NJ Mutual Fund launches NJ ELSS Tax Saver Scheme

NFO period: 13^th March – 09^th June, 2023

Highlights of the NFO:

• Scheme type – An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit


• Investment objective – The investment objective of the scheme is to generate income and long term capital appreciation from a diversified portfolio of predominantly equity and equity-related instruments. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.


• Product suitability – The product is suitable for investors who are seeking capital appreciation & generating income over long term by investing in a portfolio predominantly consisting of equity and equity related instruments.


• Minimum Application Amount – First investment is Rs. 500/- and in multiples of Rs. 500/- thereafter


• Plan/ Options available – Regular Plan and Direct Plan having Growth Option and Payout of Income Distribution cum Capital withdrawal Option (IDCW).


• Fund Managers – Mr. Viral Shah


• Benchmark – NIFTY 500 TRI