Bajaj Finserv, which announced the launch of its mutual fund (MF) business recently is launching a new fund offering named “Bajaj Finserv Liquid Fund”, An open ended Liquid scheme with Relatively Low Interest Rate Risk and Moderate Credit Risk.
The NFO will be open for subscription from June 29th, and will end on July 3rd, 2023. Scheme will re-open for continuous Sale and Repurchase within 5 Business Days from the date of allotment of units under NFO. Subscriptions can be made starting at Rs. 1000 and and in multiples of Re. 1/- thereafter. Both a Regular Plan and a Direct Plan are available.
About Bajaj Finserv Mutual Fund
Bajaj Finserv, a well-known non-banking financial services company (NBFC), announced the debut of its new mutual fund business, dubbed ‘Bajaj Finserv Mutual Fund’. The newly launched Bajaj Finserv AMC is a subsidiary of Bajaj Finserv, which is the holding company for many financial services firms under the Bajaj Group and is headquartered in Pune, India. The Securities and Exchange Board of India (SEBI) approved Bajaj Finserv in March of this year.
Five new mutual funds have entered the industry since 2021, and Bajaj Finserv is one of the newly established fund companies in the Rs 40 trillion Indian mutual funds business. This new entry is the 43rd asset management business in the market, with about Rs 41.52 lakh crore in assets under management (AUM) as of April 2023.
Bajaj Finserv Liquid Fund – NFO Detail
| Type of Offer | NFO (New Fund Offer) |
| Fund House | Bajaj Finserv Mutual Fund |
| Name of the Fund | Bajaj Finserv Liquid Fund |
| Type of Scheme | Open-ended |
| Category of Scheme | Liquid Fund |
| NFO Starts | 29-June-2023 |
| NFO Ends | 03-July-2023 |
| NFO Unit Price | Rs 10 per unit |
| Minimum Investment | Rs. 1000 |
| Plans | Regular, Direct |
| Options | Growth, IDCW |
| Entry Load | Not Applicable |
| Exit Load | 0.0070% |
| Investment Manager | Bajaj Finserv Asset Management Company Limited |
| Fund Manager | Mr. Siddharth Chaudhary and Mr. Nimesh Chandan |
Bajaj Finserv Liquid Fund NFO – Scheme Objective
The investment objective of the scheme is to provide a level of income consistent with the objectives of preservation of capital, lower risk and high liquidity through investments made primarily in money market and debt securities with maturity of up to 91 days only.
Bajaj Finserv Liquid Fund NFO – Who Can Invest?
This product is suitable for investors who are seeking*:
- Regular income over a short term.
- Investment in money market and debt instruments, with maturity up to 91 days.
How Will the Scheme Allocate Its Asset
- 0-100% in Debt (including floating rate debt instruments) and money market instruments^.
Where Will the Scheme Invest?
- Securities created and issued by the Central and State Governments and/or repos/reverse repos in such Government Securities as may be permitted by RBI (including but not limited to coupon bearing bonds, zero coupon bonds and treasury bills).
- Securities guaranteed by the Central, State and local Governments (including but not limited to coupon bearing bonds, zero coupon bonds and treasury bills).
- Fixed Income Securities of domestic Government agencies and statutory bodies, which may or may not carry a Central/State Government guarantee
- Debt securities issued by domestic Government agencies and statutory bodies, which may or may not carry a Central/State Government guarantee.
- Securities issued by banks (both public and private sector) including term deposit with the banks as permitted by SEBI/RBI from time to time, subject to approval from SEBI / RBI as required and development financial institutions.
- Commercial usance Bills (Bills of exchange/promissory notes of public sector and private sector corporate entities) Rediscounting, usance bills and commercial bills.
- Money market instruments, as permitted by SEBI/ RBI.
- Corporate Bonds
- Certificate of Deposits (CDs)
- Commercial Paper (CPs)
- The non-convertible part of convertible securities.
- Derivative instruments like Interest Rate Future, Interest Rate Swap, Forward Rate Agreement and such other derivative instruments permitted by SEBI.
- Units of Mutual Fund Schemes.
- Cash & cash equivalents.
- Repo transactions in corporate debt securities.
- Any other domestic fixed income securities as permitted by SEBI/ RBI subject to requisite approvals from SEBI/RBI, if needed.
Bajaj Finserv Liquid Fund NFO – SID (Scheme Information Document)
Please click here to read the SID (Scheme Information Document) of this upcoming NFO scheme.
How to Invest?
Visit this page on the AMC website for further detail and investment.
Disclaimer: This post is just information about the scheme. It does not give any advice or recommendation. Mutual Fund investments are subject to market risk. Please read the offer document carefully before investing.
