Bajaj Finserv Mutual Fund launches Bajaj Finserv Multi Asset Allocation Fund

Bajaj Finserv Multi Asset Allocation Fund is a new open-ended hybrid mutual fund launched by Bajaj Finserv Mutual Fund on May 13, 2024. The fund aims to generate income through fixed income instruments and capital appreciation by investing in equities, derivatives, gold and silver ETFs, commodity derivatives, and units of REITs and InvITs. The offer period closes on May 27, 2024. There is no entry load, but an exit load of 1% applies if more than 30% of units are redeemed within one year of allotment. The minimum investment amount is Rs. 500.

Investment Objective

The investment objective of the Bajaj Finserv Multi Asset Allocation Fund is to generate income from fixed-income instruments and generate capital appreciation for investors by investing in equity and equity-related securities including derivatives, Gold ETFs, Silver ETFs, exchange-traded commodity derivatives, and in units of REITs & InvITs. However, there is no assurance that the investment objective of the Scheme will be achieved.

This NFO of Bajaj Finserv Multi Asset Allocation Fund is suitable for investors who are seeking Income generation from fixed-income instruments Wealth creation/Capital appreciation over the long term from investments in equity and equity-related securities, Gold ETFs, Silver ETFs, exchange-traded commodity derivatives (ETCD) and in units of REITs & InvITs.

Risk-o-meter:

Funds Allocation

Benchmark

The performance of the Bajaj Finserv Multi Asset Allocation Fund is benchmarked against the 65% Nifty 50 TRI + 25% NIFTY Short Duration Debt Index + 10% Domestic Prices of Gold.

Fund Managers

Mr. Nimesh Chandan, with a robust 23-year tenure in Indian Capital Markets, brings extensive expertise in fund management, catering to both domestic and international investors across retail and institutional segments. His journey encompasses key roles in prestigious firms like Canara Robeco Asset Management and Birla Sunlife Asset Management, showcasing a strong track record of managing and advising various investment portfolios. With a background in B.Com and MMS (Finance), his insights offer a strategic edge to Bajaj Finserv Asset Management Ltd.

Mr. Sorbh Gupta, a seasoned professional with over 16 years of experience in Indian Capital Markets, serves as a Senior Fund Manager – Equity at Bajaj Finserv Asset Management Limited. Armed with qualifications in CA, CFA, and BCOM, his expertise spans across stints in reputed financial entities such as Quantum Asset Management Company and Siddhesh Capital Markets Pvt. Ltd. His appointment underscores his prowess in equity management, bolstering the offerings of Bajaj Finserv Asset Management Limited.

Mr. Siddharth Chaudhary, a stalwart in fixed income management, brings a wealth of experience to his role as Senior Fund Manager – Fixed Income at Bajaj Finserv Asset Management Limited. With a background in B.Com and PGPSM from UTI Institute of Capital Markets, his journey boasts significant tenures at Sundaram Asset Management Co. Ltd and Indian Bank. His adeptness in navigating the nuances of fixed income instruments adds depth to the company’s portfolio management strategies.

Mr. Vinay Bafna, designated as Fund Manager – Commodities, injects a dynamic perspective into Bajaj Finserv Asset Management Limited’s offerings. With an MBA in Finance and a decade-long tenure in researching commodities markets, he brings a specialized understanding of sectors like metals & commodities, pharma, IT, and hospitality. His prior roles at ICICI Securities Limited and his stint as a Research Analyst at the AMC accentuate his ability to drive insights and innovation in commodity market strategies.

Peer Mutual Fund Schemes (Trailing Returns)

Data as of May 13, 2024

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.