Bajaj Finserv gears up for mutual fund launch after securing SEBI license

Investing in mutual funds has long been a popular choice for individuals looking to grow their wealth. And now, with the news that Bajaj Finserv has received regulatory approval to start its mutual fund business, there are even more options available for investors in India.

Bajaj Finserv's new mutual fund arm, Bajaj Finserv Mutual Fund, is set to offer a range of products, including equity, debt, and hybrid funds in both active and passive segments. The company aims to build a future-ready asset management company that serves investors through a tech-driven, multi-channel approach.

This move comes at a time when the Indian mutual fund industry is experiencing strong growth. Inflows into Indian equity mutual funds rose by nearly 72% in January, reaching their highest level in four months, according to data from the Association of Mutual Funds in India. This surge in popularity is being driven by a resurgent India, rising investor confidence, and increased digital access to financial services.

As chairman and managing director of Bajaj Finserv, Sanjiv Bajaj has expressed confidence in the future of the mutual fund industry in India. With Nimesh Chandan as chief investment officer, the company is well positioned to offer investors a range of options and services.

Bajaj Finserv's new mutual fund arm will complement its existing financial services businesses, including non-bank lender Bajaj Finance, both of which are listed on the blue-chip Nifty 50 index.

Overall, this is an exciting development for investors in India, who now have even more options for growing their wealth through mutual funds. With Bajaj Finserv's commitment to a tech-driven, multi-channel approach, investors can look forward to a range of innovative products and services in the years to come.

Related Searches :

• How Bajaj Finserv plans to disrupt the mutual fund industry with its SEBI license

• Bajaj Finserv’s mutual fund venture: What you need to know

• Bajaj Finserv gets SEBI nod for mutual fund business: What does it mean for investors?

• Bajaj Finserv to tap into India’s growing mutual fund market with SEBI license

• Bajaj Finserv’s new mutual fund business: A game-changer in the financial services sector