Bajaj Finserv Mutual Fund Launches New Gilt Fund to Capitalize on Government Securities Opportunity

Bajaj Finserv Mutual Fund has launched the Bajaj Finserv Gilt Fund, an open-ended debt scheme that invests in government securities with high interest rates and low credit risk. The new fund offer (NFO) will open on December 30 and close on January 13. The scheme aims to generate credit-risk free returns through investments in sovereign securities, reverse repos, and other government-backed instruments. It will be benchmarked against the CRISIL Dynamic Gilt Index and managed by Siddharth Chaudhary and Nimesh Chandan. The minimum application amount is Rs 5,000, and the minimum redemption amount is Re 1. The scheme will allocate 80-100% of its assets to government securities and 0-20% to other debt securities and money market instruments. It is suitable for investors seeking credit-risk free returns over medium to long-term periods and investments mainly in government securities of various maturities. The principal invested in the scheme will be at “moderate risk” according to the riskometer.