Bajaj Finserv MF introduces Nifty Next 50 Index Fund
Bajaj Finserv Mutual Fund has launched Bajaj Finserv Nifty Next 50 Index Fund, an open-ended scheme tracking Nifty Next 50 Index. The NFO opens for subscription on April 22, 2025 and closes on May 06, 2025. The Entry Load and the Exit Load is nil for the scheme. The minimum subscription amount is Rs 500 and in multiples of Re 1 thereafter.
The performance of the Scheme will be benchmarked with Nifty Next 50 Total Return Index (TRI) and its fund manager is Ilesh Savla.
The investment objective of the Scheme is to invest in companies whose securities are included in the Nifty Next 50 Index and subject to tracking errors, to endeavor to achieve the returns of the Nifty Next 50 Index. This would be done by investing in all the stocks comprising Nifty Next 50 in approximately the same weightage that they represent in Nifty Next 50.
