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Bajaj Finserv Mutual Fund has launched Bajaj Finserv Multi Allocation Fund, an open ended scheme that will invest in equity, debt, gold, silver, and REITs/InvITs.
The benchmark of the fund is 65% Nifty 50 TRI + 25% NIFTY short duration debt index _ 10% domestic prices of gold. This indicates that the fund will have equity taxation.
In a press release, Ganesh Mohan, CEO, of Bajaj Finserv AMC said, “It is India’s first multi asset fund to offer a dividend yield strategy that aims to provide a combination of stability and growth to investors. The fund's asset allocation decisions are driven by a comprehensive evaluation of macroeconomic factors, valuation metrics, and investor behaviour. Our aim is to offer a well-rounded portfolio that can navigate through various market scenarios and deliver consistent returns.”
The fund will be jointly Nimesh Chandan, CIO, Bajaj Finserv and Sorbh Gupta on the equity side, Nimesh Chandan and Siddharth Chaudhary on the fixed income side and Vinay Bafna on commodities investment.
