NFO Alert: Bajaj Finserv Mutual Fund launches gilt fund
Bajaj Finserv Mutual Fund has announced the launch of Bajaj Finserv Gilt Fund, an open ended debt scheme investing in government securities across maturity with relatively high interest rate risk and relatively low credit risk.
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The new fund offer or NFO of the scheme will open for subscription on December 30 and will close on January 13. The scheme will reopen for continuous sale and repurchase within five business days of allotment date.
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The objective of the scheme is to generate credit risk-free returns through investments in sovereign securities issued by the central government and/or state government(s) and/or any security unconditionally guaranteed by the Government of India, and/or reverse repos in such securities as per applicable RBI Regulations and Guidelines.
The scheme may also be investing in reverse repo, triparty repo on government securities or treasury bills and/or other similar instruments as may be notified from time to time.
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