NFO Alert: Bajaj Finserv Mutual Fund launches Bajaj Finserv Banking and PSU Fund; all you need to know
CEO, Bajaj Finserv Asset Management said, “Our Banking and PSU Fund opens the door for investors to tap into the fixed income investment opportunities available in the banking and PSU space while enjoying the benefits of professional fund management. It is suitable for investors who want relatively stable investment options for their capital.
Investors who are interested in diversifying their portfolio across various Debt Investments apart from other traditional banking products may also find this fund an attractive proposition." The investment objective of the scheme is to generate income by predominantly investing in debt and money market securities issued by banks, public sector undertakings (PSUs), public financial institutions (PFIs), municipal bonds and reverse repos in such securities, sovereign securities issued by the Central Government and State Governments, and/or any security unconditionally guaranteed by the Government of India. There is no assurance or guarantee that the investment objective of the scheme will be achieved.
Nimesh Chandan, CIO, Bajaj Finserv Asset Management said, “The fund would maintain high credit quality and the allocation would comprise of 80% in high credit quality Bonds of Banks and PSU companies and 20% in sovereign and other high credit quality bonds. The Banking and PSU Fund seeks to offer investors a thoughtful combination of good credit quality, performance potential, and market expertise.
It presents a compelling case for investors looking to diversify their fixed-income portfolios and explore opportunities in the evolving investment landscape." Investors can invest under the scheme with a minimum investment of ₹1000 per plan/option and in multiples of Re 1. There is no upper
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