Bajaj Finserv MF introduces Consumption Fund
Bajaj Finserv Mutual Fund has launched Bajaj Finserv Consumption Fund, an open-ended equity scheme following consumption theme. The NFO opens for subscription on November 08, 2024 and closes on November 22, 2024. The Entry load is nil for the scheme. For each purchase of units through Lumpsum / switch-in / Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP), exit load will be as follows: The Exit Load will be 1% of applicable NAV - if units are redeemed / switched out within 3 months from the date of allotment and no exit load is payable - if units are redeemed/switched out after 3 months from the date of allotment. The minimum subscription amount is Rs 500 and in multiples of Re 1 thereafter.
The performance of the scheme will be benchmarked at Nifty India Consumption Total Return Index (TRI) and its fund managers are Nimesh Chandan, Sorbh Gupta and Siddharth Chaudhary.
The objective of the Scheme is to generate long term capital appreciation by predominantly investing in equity and equity related securities of companies that are likely to benefit directly or indirectly from the domestic consumption led demand.
