Bajaj Finserv launches Bajaj Finserv Mutual Fund

6 Jun 2023 , 02:45 PM

Bajaj Finserv Ltd. has unveiled a new addition to its retail financial solutions. The company has expanded its portfolio with the introduction of Bajaj Finserv Mutual Fund, thereby enhancing its range of offerings in the mutual fund space.

Bajaj Finserv Mutual Fund aims to introduce a comprehensive range of products spanning fixed-income, hybrid, and equity categories to cater to a wide spectrum of investors, including retail investors, high-net-worth individuals (HNIs), and institutions.

Initially, the company will emphasize launching fixed-income products such as liquid funds, overnight funds, and money market funds, primarily targeting institutional investors and company treasuries.

Bajaj Finserv Mutual Fund has submitted its initial set of seven schemes to SEBI, including the liquid fund, money market fund, large and mid-cap fund, arbitrage fund, overnight fund, balanced advantage fund, and flexi cap fund. These schemes will be gradually launched within the next 30 days, with the initial focus on introducing fixed-income products.

Heading the company’s investments team is Nimesh Chandan, who serves as the Chief Investment Officer. With an extensive background in investing in Indian capital markets, Chandan brings 22 years of valuable experience as an investment professional.

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