Bajaj Finserv Mutual Fund will launch a comprehensive set of products across fixed income, hybrid and equity categories to meet the needs of diverse investor profiles ranging from retail and high net worth individual (HNIs) to institutions. To begin, the company will launch a set of fixed income, liquid, overnight and money market products to cater to the institutional segment and company treasuries.

Sanjiv Bajaj, chairman & managing director, Bajaj Finserv, said, “The launch of asset management helps diversify our retail franchise and leverage Bajaj Finserv companies' combined strength in financial services across a much larger customer base. Bajaj Finserv Mutual Fund will deploy technology at scale to empower teams, create platforms for distributors, simplify investments and build long-term sustainable value for customers.”

Ganesh Mohan, chief executive officer, Bajaj Finserv Asset Management Company, said, “Bajaj Finserv Mutual Fund's strategy is built on innovation, win-win partnerships and a future-ready business model through usage of data and tech platforms – the fundamental pillars on which the Bajaj Finserv is built. We look to combine all sources of alpha, namely the Information edge, Quantitative edge as well as the Behavioural edge into a framework, which we call ‘INQUBE'.”

“The future product roadmap will be determined by the investment team based on market opportunities and the possibilities of generating sustainable alpha, as opposed to large market size categories,” Mohan added.

Bajaj Finserv received the final registration from the Securities and Exchange Board of India (SEBI) to commence its mutual fund operations under Bajaj Finserv Mutual Fund, with Bajaj Finserv Asset Management (BFAML) as the Investment Manager, in March 2023.

Bajaj Finserv Mutual Fund had filed its first seven schemes with SEBI i.e. the liquid fund, money market fund, overnight fund, arbitrage fund, large and mid-cap fund, balanced advantage fund and flexi cap fund.

Bajaj Finserv Mutual Fund will start rolling out these products within the next 30 days, starting with Fixed Income products.

The company's investments team is led by Nimesh Chandan, chief investment officer, an investment professional with 22 years of experience in investing in Indian capital markets.

Bajaj Finserv is the holding company for the various financial services businesses under the Bajaj group. It participates in the financing business through its 52.49% holding in Bajaj Finance and in the protection business through its 74% holding in two unlisted subsidiaries, Bajaj Allianz General Insurance Company and Bajaj Allianz Life Insurance Company.

The company reported 31.41% jump in consolidated net profit to Rs 1,768.95 crore on a 25.25% increase in total income to Rs 23,624.95 crore in Q4 FY23 over Q4 FY22.