Bajaj Finserv, a prominent name in the financial services sector, has taken a significant stride by venturing into the mutual fund business. The company has received clearance from the Securities and Exchange Board of India (SEBI) and is all set to launch seven new mutual fund schemes. These schemes are designed to cater to different investment preferences, including equity, debt, and hybrid categories.
The upcoming mutual fund offerings from Bajaj Finserv are as follows:
- Debt Mutual Fund Schemes:
- Liquid Fund
- Money Market Fund
- Overnight Fund
- Hybrid Mutual Fund Schemes:
- Arbitrage Fund
- Balanced Advantage Fund
- Equity Mutual Fund Schemes:
- Large and Mid-Cap Fund
- Flexi Cap Fund
As per the latest update with SEBI, Bajaj Finserv Mutual Fund has filed draft offer documents for these seven schemes. The company is awaiting regulatory approval before officially launching these funds. This move marks an important milestone for Bajaj Finserv as it expands its product offerings and brings new investment opportunities to its customers.
Bajaj Finserv Ltd, a leading non-banking financial services firm, received the final registration from SEBI in March this year, paving the way for the launch of its mutual fund operations under the Bajaj Finserv Mutual Fund banner. With this approval, the company expressed its intention to offer a comprehensive range of mutual fund products, including equity, debt, and hybrid funds, both in the active and passive segments, catering to the diverse needs of investors.
Through its various businesses, Bajaj Finserv has been providing financial solutions to over 100 million customers, encompassing savings, financing, protection, and wealth creation. The entry into the mutual fund space aligns with the company’s commitment to offer innovative and customer-centric financial solutions to its growing customer base.
In the mutual fund industry, new fund offerings (NFOs) have been gaining popularity as investors seek attractive investment opportunities. In the calendar year 2022, a total of 179 open-end funds and 49 closed-end funds were launched, cumulatively garnering Rs 62,187 crore. This trend indicates the growing interest of investors in mutual fund investments and the potential for growth in the industry.
As Bajaj Finserv Mutual Fund prepares to introduce its new schemes, investors can look forward to a wide array of investment options that align with their financial goals and risk appetite. However, it is essential for investors to conduct thorough research and seek guidance from financial advisors to make informed investment decisions based on their individual financial objectives.
