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Bajaj Finserv Mutual Fund has launched a new open-ended debt scheme, Bajaj Finserv Gilt Fund, which invests in government securities with high interest rate risk and low credit risk. The New Fund Offer (NFO) will be open from December 30 to January 13, with a minimum application amount of Rs. 5,000 and multiples of Re 1 thereafter. The scheme will be benchmarked against CRISIL Dynamic Gilt Index and will be managed by Siddharth Chaudhary and Nimesh Chandan. The scheme’s objective is to generate credit risk-free returns through investments in sovereign securities, reverse repos, and other debt instruments. The minimum redemption amount will be Re 1, and the scheme will be suitable for investors seeking credit risk-free returns over medium to long term. The principal invested in the scheme will be at “moderate risk” according to the riskometer of the scheme. The scheme will be actively managed and will aim to identify securities that offer optimal levels of yields/returns, considering risk-reward ratio.