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Bajaj Finserv has received the final registration from SEBI to commence its mutual fund business under Bajaj Finserv Mutual Fund.
The fund house will offer schemes across equity, debt and hybrid in both active and passive space, said the company.
Ganesh Mohal is the CEO of the new fund house while Nimesh Chandan has been appointed as the CIO of the company.
Ganesh Mohan has been part of Bajaj Finserv for 8 years as group head of corporate strategy. Earlier, he held various leadership roles with The Boston Consulting Group for 16 years.
Nimesh has over 22 years of experience in fund management and research. He was Head - Investments, Equities at Canara Robeco MF.
In a press release, Sanjiv Bajaj, Chairman & Managing Director, Bajaj Finserv, said, “The approval from SEBI is strategically important for Bajaj Finserv as it enables the company to complete its suite of financial solutions for retail customers.”
Ganesh Mohan, CEO, Bajaj Finserv MF, 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. The mutual fund business will align with the group’s philosophy of being future-focussed and tech-driven. Coupled with our innovation DNA and a win-win approach for our partners, our business model is focused on creating long-term returns for our investors."
