Publish Date:
Bajaj Finserv Mutual Fund introduces – Bajaj Finserv Liquid Fund
It is an open-ended liquid scheme with Relatively Low Interest Rate Risk and Relatively Low Credit Risk.
Accordingly, the investment objective of the scheme aims to provide a level of income consistent with the objectives of preservation of capital, lower risk and high liquidity through investments made primarily in money market and debt securities with maturity of up to 91 days only. There is no assurance that the investment objective of the Scheme will be achieved.
Under normal circumstances, Bajaj Finserv Liquid Fund will hold an allocation of 0% to 100% of its assets in Debt (including floating rate debt instruments) and money market instruments.
As per the Scheme Information Document, Bajaj Finserv Liquid Fund shall be managed to deliver the stated investment objective of providing a level of income consistent with the preservation of capital, lower risk and high liquidity through investments made primarily in money market and debt securities with maturity of up to 91 days only.
The Scheme aims to provide an investment vehicle to meet the needs of the Investors who want to deploy their funds for a short period of time. Therefore, money market instruments like CD/CP/T-bill will have predominant allocation in the Scheme for most of the times though other tactical allocation to other instruments will also be utilized depending on market scenarios. The Credit Research Team will undertake evaluation of companies for any potential investment. There will be detailed bottom-up study of the financial performance and industry the company operates in.
Bajaj Finserv Liquid Fund’s performance will be benchmarked against NIFTY Liquid Index B-I
The scheme will be managed by Mr Siddharth Chaudhary and Mr Nimesh Chandan.
The NFO opens for subscription on June 29, 2023 and closes on July 04, 2023. The schemes will reopen for continuous sale and repurchase within 5 business days from the date of allotment.
The fund's face value is Rs 10/- per unit. The minimum subscription amount is Rs 1,000/- and in multiples of Re. 1/- thereof.
The scheme offers Regular Plan and Direct Plan each plan offers Growth and Income Distribution cum capital withdrawal option (IDCW) option.