Bajaj Finserv To Soon Start Mutual Fund Business, Gets Licence from Sebi; Check Details

Diversified financial services major Bajaj Finserv is soon going to start its mutual fund business, as the company has received the final registration from the Securities and Exchange Board of India to commence the new vertical under ‘Bajaj Finserv Mutual Fund’. “Bajaj Finserv Mutual Fund, with Bajaj Finserv Asset Management Limited as the investment manager, will soon offer a range of mutual fund products including equity, debt, and hybrid funds, both in the active and passive segments, to investors. With Ganesh Mohan at the helm, our mutual fund business will inspire a new approach to investing and sustained, long-term wealth creation.” With the addition of mutual funds to its diverse portfolio of businesses, Bajaj Finserv now offers the full range of financial services for customers through their lifecycle — asset acquisition and lifestyle enhancement through financing, asset protection through insurance, family protection through life and health insurance, healthcare needs for the family, savings & investment products, and retirement planning. Ganesh Mohan, chief executive officer of Bajaj Finserv Asset Management Limited, said, “With greater awareness among investors to stay invested over the longer term, it is an opportune time for the Group to build its mutual fund offering for investors.