To generate regular income through investment in a portfolio comprising of money market instruments.
Disclaimer: There is no assurance that the investment objective of the scheme will be achieved.
Nimesh Chandan has over 24 years of experience in the Indian Capital Markets. He has spent 18 years in Fund Management- managing and advising domestic and international investors, retail as well as institutional. Prior to joining Bajaj Finserv Asset Management Ltd., he has worked with Canara Robeco Asset Management as Head of Investments, Equities (Domestic and Offshore). He has also worked with other asset management companies including Birla Sunlife Asset Management, SBI Asset Management and ICICI Prudential Asset Management.
Siddharth Chaudhary joined the Company in July 2022 as a Senior Fund Manager – Fixed Income. Prior to this, he was associated with Sundaram Asset Management Co. Ltd from April 2019 - July 2022 as Head Fixed Income – Institutional Business. From April 2017 – March 2019, he served as a Head – Fixed Income, and from August 2010 – March 2017 as a Fund Manager – Fixed Income with Sundaram Asset Management Co. Ltd. During June 2006 – September 2010, he was working as Senior Manager, Treasury Dept in Indian Bank.
Money market instruments^- 0%-100% (Risk profile – low to moderate) ^having maturity up to 1 Year.
Investment in fixed income derivatives: Up to 50% of net assets of the scheme for non-hedging purpose.
Investment in securitised debt with maturity up to 1 year: Up to 25% of the net assets of the scheme.
Investment in corporate bond repo with maturity up to 1 year: Up to 10% of the net assets of the scheme.
The scheme shall engage in securities lending subject to a maximum of 20% and 5% for a single counter party.
Gross exposure of the scheme to repo transactions in corporate debt securities shall not be more than 10% of the net assets of the scheme or as permitted by extant SEBI regulation. For detailed asset allocation, please refer to the Scheme Information Document.
An open ended debt scheme investing in money market instruments with relatively low interest rate risk and moderate credit risk.
Not applicable
Nil
to view Total Expense Ratio
| Interest rate Risk |
Credit Risk | ||
|---|---|---|---|
| Relatively Low (Class A) |
Moderate (Class B) |
Relatively High (Class C) |
|
| Relatively Low (Class I) |
B-I | ||
| Moderate (Class II) |
|||
| Relatively High (Class III) |
|||
A scheme with relatively low interest rate risk and moderate credit risk.
The PRC matrix identifies the highest amount of potential risk that a debt mutual fund can assume.
This regulation was implemented by SEBI on December 1, 2021, requiring fund houses to categorize schemes under a potential risk class (PRC) matrix.
Money market funds are a category of debt mutual funds that invest in short-term, high-quality money market instruments such as treasury bills, commercial papers, certificates of deposit, and other low-duration debt securities. These instruments have maturities of up to one year, which helps manage interest rate risk while aiming for reasonable return potential.
Money market funds offer investors a relatively stable and liquid avenue for short-term investment needs. They may be used for parking surplus cash for a few months. Because they invest in high-quality issuers, these funds generally carry lower credit risk, though all market-linked investments involve some degree of risk.
The investment objective of the scheme is to generate regular income through investment in a portfolio comprising money market instruments. However, there is no assurance that the investment objective of the scheme will be achieved.
Treasury bills, certificate of deposits, short-term commercial papers, etc. with maturity of less than one year.
*Majority of funds invested in these.
This fund may be suitable for:
• Individuals
• Trusts (charitable trusts, etc.)
• Body corporates (banks, insurance companies, financial institutions, multinational corporations, corporates including SMEs.)
• Partnership firm
• Societies
• NRIs
It is an open-ended debt mutual fund that invests in money market instruments with a maturity of up to one year. The fund aims to offer relatively stable return potential while managing liquidity and credit risk.
You can invest through the Bajaj Finserv AMC investor portal or via your Demat/trading account. Offline investments can be made by filling out and submitting the application form at an official point of acceptance of the AMC.
The NAV of a scheme changes depending on market movements on every business day. For the latest NAV, please refer to the top of the page.
The fund’s Assets Under Management (AUM) are disclosed regularly on the AMC’s website and in regulatory filings. Please refer to the scheme Factsheet for updated information.
The fund’s risk classification is based on the portfolio composition as well as SEBI guidelines and is subject to periodic review. Refer to the Riskometer above on this page or latest documents for the current risk level.
Top holdings can change over time. Please refer to the latest factsheet or scheme document for up-to-date information.
There is no lock-in period. However, exit load terms, if any, are subject to the scheme’s provisions and should be reviewed in the Scheme Information Document .
The portfolio primarily consists of money market instruments having a maturity of up to a year. For more details on the allocation, please check the Scheme Information Document.
Returns vary based on prevailing interest rates and credit market trends. Past performance is not indicative of future results and should not be the sole basis for investment decisions.
The expense ratio is updated periodically and may differ for direct and regular plans. For the latest expense ratio, please refer to the latest Factsheet or the Total Expense Ratio section on the website.
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Our Investment Philosophy reflects what we, as an organisation, believe will generate a good return on equity investment for our investors in the long term. It dictates our goals and guides decision making.
Alpha (a) is a term used in investing to describe an investment strategy’s ability to beat the market.
Alpha is thus also often referred to as excess return or the abnormal rate of return in relation to a benchmark, when adjusted for risk. Essentially, it means doing better than the crowd without taking disproportionate risk.
Collecting superior information
Analysts and portfolio managers strive to collect superior information about the business and the management of the company. They try to generate superior earnings forecast and the balance strength of the company and the industry, thereby trying to 'beat the market' on information edge. This is an important source of alpha for an investor. However, over the years, retaining the information edge has become more difficult and expensive. With a whole lot of investors trying to collect superior information, how can an investor be sure to continuously have accurate and material information about the companies, ahead of others, all the time?
Processing information better
Even if you don't have material information earlier than the crowd, you can still generate better outcomes if you are able to process this information better. Investors develop models and algorithms with enhanced predictive powers to forecast the next move. Fund managers who invest based on some pure formal analytical models are quantitative managers. Here, the goal is to try and beat other investors based on the sophistication of procedures or analytics. The analytical edge can be quite useful until it gets copied by many, and then it may stop generating superior returns.
Exploiting behavioural biases
As the name suggests, this edge is achieved by superior behaviour in reacting to the inputs available to maximise alpha. Modern finance assumes people behave with extreme rationality. However, researchers in behavioural finance have shown that this is not true. Moreover, these deviations from rationality are often systematic. Behavioural managers try to exploit situations where securities are mispriced by the market because of behavioural factors. At Bajaj Finserv AMC, we endeavour to combine the best of these edges.
