Bajaj Finserv, which announced the launch of its mutual fund (MF) business recently is launching a new fund offering named “Bajaj Finserv Flexi Cap Fund”, An open ended equity scheme investing across large cap, mid cap, small cap stocks.
The NFO is open for subscription from July 24th, and will end on August 07th, 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. 500 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 Flexi Cap Fund – NFO Detail
| Type of Offer | NFO (New Fund Offer) |
| Fund House | Bajaj Finserv Mutual Fund |
| Name of the Fund | Bajaj Finserv Flexi Cap Fund |
| Type of Scheme | Open-ended |
| Category of Scheme | Equity Scheme – Flexi Cap Fund |
| NFO Starts | 24-July-2023 |
| NFO Ends | 07-August-2023 |
| NFO Unit Price | Rs 10 per unit |
| Minimum Investment | Rs. 500 |
| Plans | Regular, Direct |
| Options | Growth, IDCW |
| Entry Load | Not Applicable |
| Exit Load | Nil |
| Investment Manager | Bajaj Finserv Asset Management Company Limited |
| Fund Manager | Mr. Siddharth Chaudhary, Mr. Nimesh Chandan and Mr. Sorbh Gupta |
Bajaj Finserv Flexi Cap Fund NFO – Scheme Objective
The investment objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related instruments across market capitalisation.
Bajaj Finserv Flexi Cap Fund NFO – Who Can Invest?
This product is suitable for:
- Investors who are looking for Wealth creation/capital appreciation over the long term.
- Investors who want to invest in equity and equity related instruments across large cap, mid cap and small cap stocks.
How Will the Scheme Allocate Its Asset
- 65-100% in Equity and equity related instruments of large cap, mid cap and small cap companies.
- 0-35% in Debt and money market instruments and units of mutual fund schemes.
- 0-10% in Units issued by REITs and InvITs.
Where Will the Scheme Invest?
- Equity and equity related instruments including Indian Depository Receipts (IDRs) and warrants carrying the right to obtain equity shares.
- 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).
- Debt securities issued by domestic Government agencies and statutory bodies, which may or may not carry a Central/State Government guarantee.
- Corporate debt securities (of both public and private sector undertakings)
- 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.
- Money market instruments, as permitted by SEBI/ RBI.
- Securitized Debt.
- The non-convertible part of convertible securities.
- Derivative instruments like Stock/Index Futures, Stock/Index Options, Interest Rate Future, Interest Rate Swap, Forward Rate Agreement and such other derivative instruments permitted by SEBI.
- Foreign Securities as permitted by Reserve Bank of India and Securities and Exchange Board of India.
- Units of Mutual Fund Schemes/Exchange Traded Funds.
- Cash & cash equivalents.
- Preference shares.
- Repo transactions in corporate debt securities.
- Units of REITs & InvITs.
- Any other domestic fixed income securities as permitted by SEBI/ RBI subject to requisite approvals from SEBI/RBI, if needed.
Bajaj Finserv Flexi Cap Fund NFO – SID (Scheme Information Document)
Please click here to read the SID (Scheme Information Document) of this 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.
