Bajaj Finserv Ltd. announced the strengthening of its suite of retail financial offerings with the launch of its new mutual fund business under Bajaj Finserv Mutual Fund. Bajaj Finserv mutual Fund will launch a comprehensive set of products across fixed income, hybrid and equity categories to meet the needs of diverse investor profiles ranging from retail and HNIs to institutions. To begin, the company will launch a set of fixed income, liquid, overnight and money market products to cater to the institutional segment and company treasuries.

Bajaj Finserv Mutual Fund had filed its first seven schemes with SEBI i.e. the liquid fund, money market fund, overnight fund, arbitrage fund, large and mid-cap fund, balanced advantage fund and flexi cap fund. Bajaj Finserv Mutual Fund will start rolling out these products within the next 30 days, starting with Fixed Income products. Bajaj Finserv received the final registration from the Securities and Exchange Board ofIndia (SEBI) to commence its mutual fund operations under Bajaj Finserv Mutual Fund, with Bajaj Finserv Asset Management Limited (BFAML) as the Investment Manager, in March 2023.

Bajaj Finserv Mutual Fund's operating model aligns with Bajaj Finserv's entrepreneurial culture, innovation, execution rigor, strong risk management and long-term sustainable growth. The company's investments team is led by Nimesh Chandan, Chief Investment Officer, an investment professional with 22 years of experience in investing in Indian capital markets. Bajaj Finserv Mutual Fund will leverage the Bajaj brand which is synonymous with delivering high-quality products for India for almost a century.