Bajaj Finserv gets nod from Sebi to launch mutual fund business

Bajaj Finserv gets nod from Sebi to launch mutual fund business: Financial services company Bajaj Finserv Ltd. has received the “final registration” from the Securities and Exchange Board of India (Sebi) to start its mutual fund (MF) business, it said.

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Bajaj Finserv Mutual Fund, with Bajaj Finserv Asset Management Ltd. (BFAML) as the investment manager, will soon offer a range of MF products, including equity, debt, and hybrid funds, in the active and passive segments, it said in a press release on Wednesday. The products include equity, debt, and hybrid funds, both in the active and passive segments, for investors.

The company said that with the addition of mutual funds, Bajaj Finserv now has a full range of financial services for customers, from asset acquisition, lifestyle enhancement through financing, asset protection through insurance, and family protection through life and health insurance to healthcare needs, besides savings, investment, and retirement products.

BFAML CEO: Ganesh Mohan

Bajaj Finserv Chairman: Sanjiv Bajaj