Listen to this article
Bajaj Finserv will soon make its MF debut and is working on strengthening its distribution network.
In fact, the fund house shared that it has already tied up with over 16,000 partners and has built a sound support system to enable mutual fund distribution.
It also stated that the fund house has filed for seven NFOs - liquid fund, money market fund, overnight fund, arbitrage fund, large and mid-cap fund, balanced advantage fund and flexi cap fund.
Sharing the rationale behind venturing into mutual funds, Sanjiv Bajaj, Chairman & MD, Bajaj Finserv, said, “We are committed to being a full-stack financial solutions provider to meet India’s growing needs and building deeper, long-term relationships with customers who are already invested in us. The launch of asset management helps diversify our retail franchise and leverage Bajaj Finserv companies’ combined strength in financial services across a much larger customer base.”
Ganesh Mohan, CEO, Bajaj Finserv MF added, “Bajaj Finserv MF’s strategy is built on innovation, win-win partnerships and a future-ready business model through the usage of data and tech platforms - the fundamental pillars on which the Bajaj Finserv is built.”
The fund house will start launching these NFOs within the next 30 days, starting with fixed income products.
“The future product roadmap will be determined by the investment team based on market opportunities and the possibilities of generating sustainable alpha, as opposed to large market size categories”, said Mohan.
