NFO Alert: Bajaj Finserv Mutual Fund Launches BSE Top 10 Banks ETF

Bajaj Finserv Mutual Fund has opened the New Fund Offer (NFO) for the Bajaj Finserv BSE Top 10 Banks ETF. The subscription period began on July 13, 2026, and will close on July 15, 2026.  

The scheme is an open-ended exchange traded fund (ETF) under the equity sectoral-banking category. The minimum investment during the NFO has been set at ₹500. 

Investment Objective 

The scheme seeks to deliver returns that correspond to the performance of the BSE Top 10 Banks Total Return Index (TRI), subject to tracking error.  

It follows a passive investment approach, meaning the portfolio is intended to reflect the composition of the benchmark index rather than rely on active stock selection.  

Any difference between the fund's performance and the index may arise from expenses, cash holdings and other operational factors. 

Benchmark and Portfolio 

The benchmark tracks the performance of the ten banking stocks included in the BSE Top 10 Banks Index while also accounting for dividends through the Total Return Index methodology.  

The ETF will primarily invest in the same securities and in similar weightages as the benchmark. Changes in the index composition will be reflected in the fund portfolio as required. 

Scheme Features 

The ETF is available only under the Growth option. It does not have a lock-in period, and no exit load will apply on redemption.  

The scheme has been classified under the 'Very High' risk category on the Riskometer, indicating that its performance will remain linked to movements in the banking sector and the equity market. 

Fund Management 

The scheme will be managed by Ilesh Savla for Bajaj Finserv Mutual Fund. After the NFO closes, units of the ETF will be available for trading on the stock exchange in accordance with the applicable regulations governing exchange traded funds. 

Read More: Mid and Smallcap Segments Propel Equity Mutual Fund Inflows to ₹28,973.41 Crore in June 2026! 

Conclusion 

The Bajaj Finserv BSE Top 10 Banks ETF NFO will remain open until July 15, 2026. The scheme tracks the BSE Top 10 Banks TRI, requires a minimum investment of ₹500, has no lock-in period or exit load, and is categorised as a Very Highrisk equity sectoral fund. 

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.   
 
Mutual Fund Investments are subject to market risks, read all the related documents carefully before investing.