These are the first 2 schemes out of 7 mutual fund schemes that the company had filed with the Security and Exchange Board of India (SEBI). Bajaj Finserv AMC is the asset management business of India’s leading and diversified financial services group Bajaj Finserv.
Bajaj Finserv received final registration from the Security and Exchange Board of India (SEBI) to commence its mutual fund operations under Bajaj Finserv Mutual Fund in March 2023 with Bajaj Finserv Asset Management Limited (BFAML) as the investment manager.
Bajaj Finserv Mutual Fund
had filed its first 7 schemes with SEBI in March and April 2023, namely Liquid Fund, Money Market Fund, Overnight Fund, Arbitrage Fund, Large & Mid-Cap Fund, Balanced Advantage Fund and Flexi Cap Fund.
Bajaj Finserv Liquid Fund is an open-ended scheme, which will invest in debt and money market options with a maximum maturity of up to 91 days. It is a better option for investors who want to invest in the market for an emergency fund, as it provides easy liquidity and can be redeemed immediately when required.
Important Points- Bajaj Finserv Overnight Fund invests in money market and debt options with maturity. It is specially designed for businessmen and corporates who require frequent short term deposits of large sums of money. If they have a big fund and it is going to be needed after a few days, then till then they can take advantage by investing in this scheme.
Ganesh Mohan, Chief Executive Officer, Bajaj Finserv Asset Management Ltd. said, “At Bajaj Finserv AMC, we believe that your money should work hard for you every day.
But the money lying with you in the form of savings or current account cannot do this work. Your money can grow even in a very short period. He says that by following our prudent risk management practice, our first priority is to provide safety of investment, followed by liquidity and then returns.
Note- What are liquid funds- Liquid funds come under the debt category of mutual funds. These schemes invest money in very short term market instruments. These include treasury bills, government securities and call money.
Liquid funds offer slightly higher returns than savings bank accounts. There is no problem of liquidity in these either. That is, you can withdraw money whenever you want.
This is the reason that their popularity is increasing among investors. Money comes to your account within a day of applying for withdrawal from these funds.
Experts say that liquid funds have the least risk. Not only this, they have the lowest volatility among all the categories of mutual funds. There is a special reason for this. In fact, these funds generally invest in instruments with high credit ratings (P1+). The Net Asset Value of these funds keeps on changing. It depends on the interest earned from the instrument.
