One of India’s largest financial services companies, Bajaj Finserv has decided to foray into the mutual fund business.
Currently, Bajaj Finserv is into lending, wealth management and insurance businesses. The subsidiary of Bajaj Finserv are Bajaj Allianz Life, Bajaj Allianz General and Bajaj Finance.
SEBI website shows that Bajaj Finserv has applied for an MF license on September 28.
Last year, NJ India Invest and Samco Securities received in-principle approval from SEBI to start their MF business. Applications from Zerodha Broking, Karvy Stock Broking and Frontline Capital Services are also being reviewed by SEBI.
