Bajaj Finserv Banking and PSU Fund NFO: Key details you need to know

26 Oct 2023 , 03:38 PM

Bajaj Finserv Mutual Fund is launching NFO under its “Sectoral category”, named as Bajaj Finserv Banking and PSU Fund. The investment objective of the scheme is to generate returns by investing in debt & money market securities issued by Banks, Public Sector Undertaking (PSUs), Public Financial Institutions (PFI), Municipal Bonds and Reverse repos in such securities, sovereign securities issued by the Central Government and State Governments, and / or any security unconditionally guaranteed by the Govt. of India.

Investment strategy: The scheme shall manage and operate its investment strategy within the inhouse framework of the INQUBE fund philosophy.

Asset allocation: The scheme will invest in Debt and money market instruments of banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds.

Who should invest?

Investors with moderate risk appetite and want to invest for 3 to 5 years to diversify their portfolio in banking and PSU Sector should invest in Bajaj Finserv Banking and PSU Fund. 

Risk associated: Moderate level of risk.

Benchmark: Nifty Banking and PSU Debt Index.

Fund Managers: Mr. Siddharth Chaudhary and Mr Nimesh Chandan.

The NFO is available for subscription from October 26 to November 06. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment. The fund offers systematic investment solutions like SIP and SWP to create a flexible investment plan. The minimum subscription amount is Rs 1000/- and in multiples of any amount thereafter. 

It offers Regular Plan and Direct Plan. Each plan offers Growth and Income options. Click here to invest in Bajaj Finserv Banking and PSU Fund.