MUTUAL FUNDS
Bajaj Finserv Mutual Fund files offer document for Nifty Next 50 Index Fund
Mar-31-2025
Bajaj Finserv Mutual Fund has filed offer document with SEBI to launch an open-ended scheme named ‘Bajaj Finserv Nifty Next 50 Index Fund'. The New Fund Offer price for units would be Rs 10 during the NFO period. Entry load and Exit load will be nil. The Scheme offers Growth Option and Income Distribution Cum Capital Withdrawal Option for investment and seeks to collect a Minimum Target Amount of Rs 5 crore.

The performance of the scheme will be benchmarked against Nifty Next 50 Total Return Index (TRI). The minimum application amount is Rs 500 and in multiples of Re 1 thereafter.

The investment objective of the scheme is to invest in companies whose securities are included in the Nifty Next 50 Index and subject to tracking errors, to endeavor to achieve the returns of the Nifty Next 50   Index.   This   would   be   done   by   investing   in   all   the   stocks comprising Nifty Next 50 in approximately the same weightage that they represent in Nifty Next 50.  The Scheme will not seek to outperform the Nifty Next 50 or to underperform it. The objective is that the performance of the NAV of the Scheme should track the performance of the Nifty Next 50 over the same period. 

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