Bajaj Finserv Mutual Fund: New Entrant In Mutual Fund Business To Launch 7 New Schemes

Bajaj Finserv Mutual Fund

Bajaj Finserv has forayed into mutual fund business and will be launching 7 mutual fund schemes. Bajaj Finserv Mutual Fund, which received Sebi’s clearance to begin the mutual fund operations last month, has filed draft offer documents with the markets regulator for launching of seven schemes in equity, debt and hybrid spaces as per the PTI report.

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The newest player has filed draft papers to launch three debt mutual fund schemes: liquid fund, money market fund, and overnight fund; two hybrid mutual fund schemes: arbitrage fund, and balanced advantage fund; and two equity mutual fund schemes: large and mid-cap, and flexi cap fund, as per the update with the Securities and Exchange Board of India (Sebi) showed on Monday.

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The company would be able to launch these mutual funds schemes after receiving the regulator’s approval. Bajaj Finserv Ltd, a non banking financial services firm received the final registration from the Sebi in March this year to begin its mutual fund operations under Bajaj Finserv Mutual Fund banner.

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When the got its license for mutual fund business the company announced that Bajaj Finserv Mutual Fund would soon offer a range of mutual fund products including equity, debt, and hybrid funds, both in the active and passive segments, to investors. Bajaj Finserv, through its businesses, provides financial solutions, including savings, financing, protection, and wealth creation, to over 100 million customers.

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Overall, a total of 179 open-end funds and 49 closed-end funds were launched in the calendar year 2022, and cumulatively, these funds garnered Rs 62,187 crore as compared to 140 NFOs floated in 2021 and cumulatively, these funds were able to mobilise Rs 99,704 crore and 81 new schemes were launched in 2020 raking in Rs 53,703 crore.

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Which new mutual fund scheme was launched by AMC?

HDFC Asset Management Company (AMC) has launched three index schemes – HDFC S&P BSE 500 Index Fund, HDFC NIFTY Midcap 150 Index Fund, and HDFC NIFTY Small-cap 250 Index Fund. The new fund offer (NFO) opened on April 6, 2023 and will close on April 18, 2023.

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Which is best NFO to invest in 2023?

Offer Close

Fund Name1Y CAGR 3Y CAGR 5Y CAGR Till Date CAGRTill Date CAGR
Canara Robeco Bluechip Equity Fund (G)20.3%12.0%
HDFC Large and Mid Cap Fund (G)30.1%12.0%
Parag Parikh Flexi Cap fund (G)29.7%18.1%
PGIM India Midcap Opportunities Fund (G)36.8%16.7%

Which is the 5th largest AMC in India?

Kotak Mahindra Asset Management Company. Kotak Mahindra Mutual Fund was established in 1998 and has recently overtaken the Aditya Birla AMC to become the fifth-largest mutual fund house in India. This fund house offers several schemes to cater to the investors with varying risk appetites and investment objectives.

What is the next SBI NFO 2023?

The new fund offer (NFO) launch and closure date of SBI Fixed Maturity Plan (FMP)-Series 82 (91 Days) is March 23, 2023. The NFO of SBI Fixed Maturity Plan (FMP)-Series 81 (1157 Days) opened on March 21, 2023 and will close on March 28, 2023

What is the target of SBI in 2023?

SBI Bank, also known as the State Bank of India, is a government-owned banking and financial services company headquartered in Mumbai, India.

SBI Share Price Target 2023, 2024, 2025, 2026, 2027, 2030, 2040, 2050.

Target Year1st Target2nd Target

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