MUTUAL FUNDS
Bajaj Finserv MF introduces Gilt Fund
Dec-30-2024

Bajaj Finserv Mutual Fund has launched Bajaj Finserv Gilt Fund, an open-ended debt scheme investing in government securities across maturity with relatively high interest rate risk and relatively low credit risk. The NFO opens for subscription on December 30, 2024 and closes on January 13, 2025. The Entry Load and the Exit Load is nil for the scheme. The minimum subscription amount is Rs 5,000/- and in multiples of Re. 1/- thereafter.

The performance of the scheme will be benchmarked at CRISIL Dynamic Gilt Index and its fund managers are Siddharth Chaudhary and Nimesh Chandan.

The objective of the Scheme is to generate credit risk-free returns through investments in sovereign securities issued by the Central Government and/or State Government(s) and/or any security unconditionally guaranteed by the Government of India, and/or reverse repos in such securities as per applicable RBI Regulations and Guidelines. The Scheme may also be investing in Reverse repo, Triparty repo on Government securities or treasury bills and/or other similar instruments as may be notified from time to time.


  RELATED NEWS >>