Bajaj Finserv gets SEBI license to commence Mutual Fund business
Bajaj Finserv Limited, one of India’s leading and diversified financial services groups, today has received the final registration from the Securities and Exchange Board of India (SEBI) to commence its mutual fund operations under Bajaj Finserv Mutual Fund.
Bajaj Finserv Mutual Fund, with Bajaj Finserv Asset Management Limited (BFAML) as the Investment Manager, will soon offer a range of mutual fund products including equity, debt, and hybrid funds, both in the active and passive segments, to investors. BFAML will create a tech-driven, multi-channel approach to serve investors across various touchpoints and geographies in order to build a future-ready asset management company
Ganesh Mohan has been part of Bajaj Finserv for 8 years as Group Head of Corporate Strategy, prior to taking over as CEO of BFAML. Earlier, he held various leadership roles with The Boston Consulting Group for 16 years
The leadership team also includes Nimesh Chandan as Chief Investment Officer (CIO), an investment professional with over 22 years of experience in investing in Indian capital markets. He has been part of the mutual fund industry for 17 years; prior to joining BFAML, he was Head - Investments, Equities at Canara Robeco AMC.
With the addition of mutual funds to its diverse portfolio of businesses, Bajaj Finserv now offers the full range of financial services for customers through their life cycle i.e., asset acquisition and lifestyle enhancement through financing, asset protection through insurance, family protection through life and health insurance, healthcare needs for the family, savings & investment products, and retirement planning. In addition, its mutual fund products will also cater to institutional customers
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