Bajaj Finserv Liquid Fund is an open-ended scheme that invests in debt and money market instruments with a maximum maturity of up to 91 days and is suitable for creating an emergency fund as it offers easy liquidity and quick redemption options.
Designed for entrepreneurs and corporates who constantly need to park large sums of money for a short period until it can be deployed elsewhere, Bajaj Finserv Overnight Fund invests in money market and debt instruments with overnight maturity.
Both these Debt Funds are designed for retail, HNI and institutional investors, and will be available across 20,000 mutual fund distributors as well as through the company’s digital channels. This is in line with the company’s overall strategy to create a tech-driven, multi-channel approach to serve investors across various touchpoints and geographies in order to build a future-ready asset management company.
Ganesh Mohan, Chief Executive Officer, Bajaj Finserv Asset Management Limited, said, “At Bajaj Finserv AMC, we believe that your money should work hard for you every day. And money lying idle in your savings or current account does the opposite. Liquid funds are a great way to balance both liquidity and returns while overnight funds ensure that your money grows even over a very short period of a couple of days. With our prudent risk management practices, we will always prioritize safety of investment followed by liquidity and then returns.”
Bajaj Finserv received the final registration from SEBI to commence its mutual fund operations under Bajaj Finserv Mutual Fund, with Bajaj Finserv Asset Management Limited as the Investment Manager, in March 2023.Bajaj Finserv Mutual Fund filed its first seven schemes with SEBI in March and April 2023, i.e., the liquid fund, money market fund, overnight fund, arbitrage fund, large and mid-cap fund, balanced advantage fund and flexi cap fund.
