Bajaj Finserv MF introduces Money Market Fund
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Bajaj Finserv Mutual Fund (MF) has launched Bajaj Finserv Money Market Fund (BFMMF), an open-ended debt scheme investing in money market instruments with Relatively Low Interest Rate Risk and Moderate Credit Risk. The NFO opens for subscription on July 17, 2023 and closes on July 20, 2023. The Entry load and Exit load is not applicable for the scheme. The minimum subscription amount is Rs 1,000 and in multiples of Re 1 thereafter.
The performance of the scheme will be benchmarked against NIFTY Money Market Index B-I and its fund managers are Siddharth Chaudhary and Nimesh Chandan.
The investment objective of the scheme is to generate regular income through investment in a portfolio comprising of money market instruments.
