Bajaj Finserv Balanced Advantage Fund NFO Company Profile:
Bajaj Finserv Limited (BFS), a Core Investment Company (CIC), is the central holding company for the Bajaj Group’s diverse financial services businesses. BFS aims to empower retail and SME customers throughout their lives by offering a comprehensive range of financial solutions, including asset financing, insurance protection, healthcare coverage, savings and investment products, wealth management guidance, retirement planning, and annuities. BFS, through its various subsidiaries, serves over 100 million customers. Bajaj Finserv Asset Management Limited, a wholly owned subsidiary of BFS, is now venturing into the investment solutions industry. Leveraging the strength of one of India’s most trusted and established brands, it aims to provide every Indian with a suite of innovative investment products and solutions. With a forward-thinking and differentiated investment strategy, BFS aspires to assist every Indian in achieving their financial goals.
Bajaj Finserv Asset Management Limited is coming up with Bajaj Finserv Balanced Advantage Fund an NFO scheme with an objective to capitalize on the potential upside of equities while attempting to limit the downside by dynamically managing the portfolio through investment in equity & equity related instruments and active use of debt, money market instruments and derivatives. However, there can be no assurance that the Scheme’s investment objectives will be realized, and it does not guarantee/indicate any returns. The scheme opens on the 24th of November, 2023, and closes on the 8th of December, 2023.
Bajaj Finserv Balanced Advantage Fund NFO Details:
| Mutual Fund: | Bajaj Finserv Asset Management Limited |
| Scheme Name: | Bajaj Finserv Balanced Advantage Fund |
| Category: | Balanced Advantage Fund |
| Objective of Scheme: | The investment objective of the scheme is to capitalize on the potential upside of equities while attempting to limit the downside by dynamically managing the portfolio through investment in equity & equity related instruments and active use of debt, money market instruments and derivatives. However, there is no assurance that the investment objective of the Scheme will be achieved. |
| New Fund Launch Date: | 24th November 2023 |
| New Fund Offer Closure Date: | 8th December 2023 |
| Fund Managers: | Mr. Nimesh Chandan and Mr. Sorbh Gupta (Equity Portion)
Mr. Siddharth Chaudhary (Debt Portion) |
| Type of scheme: | An Open Ended Dynamic Asset Allocation Fund |
| Plans: | Bajaj Finserv Balanced Advantage Fund – Regular Plan | Bajaj Finserv Balanced Advantage Fund – Direct Plan |
| Benchmark Index: | NIFTY 50 Hybrid Composite Debt 50:50 Index |
| SIP / SWP / STP: | Available |
| Minimum Application Amount | Rs. 500 (Plus multiples of Re.1) |
| Minimum Additional Application | Rs. 100 (Plus multiples of Re.1) |
| Entry Load: | Not applicable |
| Exit Load: | 8% of units up to six months from allotment – Nil | Above 8% of units within six months1% of applicable NAV | More than six months – Nil |
Bajaj Finserv Balanced Advantage Fund NFO Asset Allocation:
| Instrument | Indicative Allocation ( % of assets) | Risk Profile | |
| Minimum | Maximum | High/Moderate/Low | |
| Equity and equity-related instruments | 65% | 90% | Very High |
| Debt and money market instruments and units of mutual fund schemes | 10% | 35% | Low to Medium |
Bajaj Finserv Balanced Advantage Fund NFO Conclusion:
The Bajaj Finserv Balanced Advantage Fund is an open-ended dynamic asset allocation fund that seeks capital appreciation while reducing downside risk by dynamically altering its stock and debt exposure in response to market circumstances. The fund’s portfolio is comprised of a diverse mix of stock and equity-related products, as well as debt and money market instruments. Derivatives are also used to hedge against market changes and boost earnings. The Bajaj Finserv Balanced Advantage Fund is appropriate for investors with a moderate risk appetite who want to invest in a balanced manner. The fund’s dynamic asset allocation approach and emphasis on capital appreciation make it an appealing alternative for long-term growth investors. However, all mutual funds and securities investments are subject to market risk, investments in equity and equity-related instruments are volatile and prone to price fluctuations daily, investors’ expectations concerning the rate of inflation, currency exchange rates, interest rates, etc. Therefore, investors may consult with financial advisers at Elite Wealth if in doubt about whether the product is suitable for them or not.
