Bajaj Finserv Asset Management launches its latest Gilt Fund offering.

Bajaj Finserv Asset Management has launched a new open-ended debt scheme, the Bajaj Finserv Gilt Fund, which aims to offer risk-free returns over medium to long-term periods. The fund invests in government securities, has a moderate risk level, and focuses on generating returns through investments in sovereign securities, reverse repo, or tri-party repo on government securities or treasury bills. The New Fund Offer (NFO) will be available from December 30, 2024, to January 13, 2025. The fund’s net asset value (NAV) will be calculated daily. Bajaj Finserv CIO Nimesh Chandan stated that the fund will use the INQUBE philosophy, combining macroeconomic cycles with quantitative and behavioral analysis to generate healthy returns. The fund offers growth and IDCW options under regular and direct plans, allowing for lump-sum investments or Systematic Investment Plans (SIPs). As of October 2024, Bajaj Finserv’s Assets Under Management (AUM) grew 29% since September 2023, reaching Rs3.73tn ($43.67bn).