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Bajaj Finserv AMC has launched two new passive funds - Bajaj Finserv Nifty 50 Index Fund and Bajaj Finserv Nifty Next 50 Index Fund. The schemes will be tracking the Nifty 50 TRI and Nifty Next 50 TRI, respectively.
The Nifty 50 TRI includes the top 50 companies based on their market capitalization. The Nifty Next 50 has companies from Nifty 100 after excluding the top 50 companies.
While the NFO of Bajaj Finserv Nifty 50 Index Fund opens on April 22 and closes on May 6, the NFO of Bajaj Finserv Nifty Next 50 Index Fund is open for subscription from April 25 to May 9.
In a press release, Ganesh Mohan, Managing Director, Bajaj Finserv AMC, said that, “As more individuals look for smarter ways to grow their wealth, low-cost passive strategies offer a disciplined and efficient path forward. Expanding our product suite in this space is a natural progression that supports our commitment to offering investors simple, efficient solutions— fully aligned with our core beliefs and broad range of offerings.”
Nimesh Chandan, Chief Investment Officer, Bajaj Finserv AMC said, “With the launch of our passive fund range, we are adding an important offering to our bouquet of investment products. Index funds offer investors staple, cost-effective exposure to the broader markets. Our current focus on large-cap indices signals our constructive and bullish view on this segment, which we believe offers stability and long-term growth potential in the current environment."
