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Bajaj Finserv Limited has taken a significant step by launching its wholly-owned subsidiary, Bajaj Finserv Asset Management Limited, to enter the mutual funds industry. This asset management company, which is supported by the longstanding and well-respected Bajaj brand in India, is introducing a variety of distinctive financial products and a wide range of investment options.
In March 2023, Bajaj Finserv Asset Management Limited, operating under the name Bajaj Finserv Mutual Fund, received approval from the Securities and Exchange Board of India (SEBI) to initiate its mutual fund business and operations.
Bajaj Finserv Asset Management Limited has submitted several investment schemes to SEBI, including liquid funds, overnight funds, money market funds, flexi-cap funds, arbitrage funds, balanced advantage funds, and large and mid-cap funds, among others.
With a forward-thinking approach and a strong commitment to customer satisfaction, Bajaj Finserv Asset Management Limited is dedicated to helping individuals achieve their financial goals. In their dedicated pursuit of this goal, they follow a structured three-stage investment philosophy termed InQuBe, which combines informational, quantitative, and behavioural expertise to drive their strategy.
Bajaj Finserv Asset Management Limited manages an Asset Under Management (AUM) of ₹5,235.46 crore, as of October 2023, while maintaining a global client base.
| Mutual Fund | Bajaj AMC Mutual Fund |
| Asset Managment Company | Bajaj Finserv Limited |
| Founding date | October 18, 2021 |
| AMC Incorporation date | October 18, 2021 |
| Headquarters in | Pune |
| Name of the Sponsors | Bajaj Finserv Limited |
| Trustee organisation | Bajaj Finserv Mutual Fund Trustee Company Limited |
| MD and CEO | Mr Ganesh Mohan |
| Chief Investment Officer | Mr Nimesh Chandan |
| Compliance Officer | Mr Harish Iyer |
SC
Siddharth Chaudhary
Fund Manager since Oct 2023 (6 months)
NC
Nimesh Chandan
Fund Manager since Feb 2024 (2 months)
Investing in Bajaj Finserv Mutual Funds can be a straightforward process when using your Angel One account. To begin, follow these simple steps:
Step 1: Log in to your Angel One account. Enter your mobile number, and validate the OTP (One Time Password), and provide your MPIN.
Note: If you don’t already have an account with Angel One, it’s a straightforward process to open a Demat account in just a few minutes. You will be required to submit the necessary documents for setting up the account.
Step 2: Determine which Bajaj Finserv Mutual Fund suits your financial objectives and risk tolerance. Comprehensive information about each fund is available through the Angel One app. Factors to consider during this stage include:
Step 3: Once you’ve made your fund selections, access your Angel One account and navigate to the Mutual Funds section to locate the chosen fund. Since this is a potentially long-term investment, exercise caution when making your selection.
To invest in Bajaj Finserv Mutual Fund through Angel One, a seamless and fully digital KYC process is mentioned above, making your investment journey hassle-free. If you’re a first-time investor, you will be required to provide the following essential documents:
Angel One simplifies the KYC verification, allowing you to access Bajaj Finserv Mutual Funds swiftly and efficiently, whether you’re a new or returning investor.
Your financial goals are within reach with our user-friendly platform. In just 48-72 business hours, your KYC process will be completed, and you can start with a mutual fund journey
When it comes to evaluating the best Bajaj Finserv Mutual Funds, you can consider returns and risks as the primary metrics. However, there are other factors, such as AUM, volatility, and tracking error, that give you deeper insights into a fund’s performance. So be sure to consider these as well.
| Name | Sub Category | AUM (₹ in crore) | Minimum Investment(₹) | Absolute Return 3M (%) |
| Bajaj Finserv Liquid Fund | Liquid Fund | 2,666.81 | 1,000 | 1.72 |
| Bajaj Finserv Flexi Cap Fund | Flexi Cap Fund | 1,442.74 | 1,000 | 0.00 |
| Bajaj Finserv Money Market Fund | Money Market Fund | 1,277.16 | 1,000 | 2.08 |
| Bajaj Finserv Overnight Fund | Overnight Fund | 467.57 | 1,000 | 1.67 |
**All data as of October 30, 2023.
Selection Criteria: The funds chosen have demonstrated the highest absolute returns over the past 3 months.
Note: Funds with no returns have not crossed the time threshold yet.
This is a Liquid Fund with an Asset Under Management (AUM) of ₹2,666.81 crore. It is known for its low expense ratio of 0.11%, making it cost-effective for investors. The SEBI Risk Category is ‘Moderately Low,’ indicating a relatively stable investment. The exit load is minimal at 0.006%, and the minimum Systematic Investment Plan (SIP) amount is ₹1,000. Over the past three months, it has delivered an absolute return of 1.72%.
As a Flexi Cap Fund, it manages an AUM of ₹1,442.74 crore. Investors should note that it has a higher expense ratio of 0.79%, reflecting a bit higher cost. This fund falls under the ‘Very High’ SEBI Risk Category, which signifies a higher level of risk. It carries an exit load of 1% and has a minimum SIP requirement of ₹1,000.
This Money Market Fund has an AUM of ₹1,277.16 crore. It offers a reasonable expense ratio of 0.22%. The SEBI Risk Category is ‘Moderately Low,’ indicating a moderate level of risk. There is no exit load associated with this fund, making it flexible for investors. The minimum SIP amount is ₹1,000, and it has shown an attractive absolute return of 2.08% over the past 3 months.
As an Overnight Fund, it manages an AUM of ₹467.57 crore. It boasts a very low expense ratio of 0.08%, which can be cost-effective. The SEBI Risk Category is ‘Moderately Low,’ denoting a relatively low level of risk. There is no exit load associated with this fund, and the minimum SIP investment required is ₹1,000. Over the last 3 months, it has demonstrated an absolute return of 1.67%.
You can do this in three ways by visiting https://www.angelone.in/mutual-funds, the Angel One App or the AMC’s official website.
Getting the Bajaj Finserv Mutual Fund account statement is simple. Head to the Mutual Funds section in the Angel One App or visit https://www.angelone.in/mutual-funds. Alternatively, you can get the statement by visiting the AMC’s official website.
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