Bajaj Finserv files for multi asset allocation fund: targets long-term growth with diversified investment strategy

Published on Mar 25, 2024 12:57

Bajaj Finserv has filed for a new open-ended mutual fund scheme � the Bajaj Finserv Multi Asset Allocation Fund. This fund seeks a balance between income generation and capital appreciation over the long term. The fund comes with a Risk-o-meter rating of Very High, signifying that investors` principal amount is at significant risk.

The fund will invest across various asset classes, including equity (Indian stocks), debt instruments, gold and silver ETFs, exchange-traded commodity derivatives, and units of Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). The asset allocation strategy takes cues from a combination of indices, with a tilt towards equity (up to 80% allocation) for growth potential.

The fund will be managed by a team of professionals: Nimesh Chandan (46 years) handling both equity and debt portions, Sorbh Gupta (43 years) focusing on the equity portion, and Siddharth Chaudhary (41 years) specializing in the debt portion.

Investors seeking regular income can benefit from the fund`s allocation to debt instruments (up to 55%) and potentially REITs/InvITs (up to 10%). The inclusion of gold and silver ETFs (up to 55%) and commodity derivatives offers further diversification and hedges against market volatility.

The minimum investment amount starts at Rs 500 (both for lumpsum and SIP), making the fund accessible to a wider range of investors. Investors can also opt for systematic investment plans (SIPs) to invest regularly in small amounts.