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Note: Historical Performance of this scheme is not available because this scheme has not completed 6 months since inception.
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Investment Objective
The investment objective of the scheme is to generate regular income through investment in a portfolio comprising of money market instruments.
However, there is no assurance that the investment objective of the scheme will be achieved.
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Key Features
Inception date
July 24, 2023
Minimum Application Amount
Fresh Purchase (Incl. Switch-in): Minimum of Rs. 1,000/- and in multiples of Re. 1/- thereafter.
Category of Scheme
Money Market Fund
Minimum Additional Application Amount
Additional Purchase (Incl. Switch-in): Minimum of Rs. 1,000/- and in multiples of Re. 1/- thereafter.
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Who Should Invest?
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Investors who are looking for a low-risk investment and have 6-12 months investment horizon.
Individuals who want a liquid investment that can be easily redeemed when needed.
Investors who want to diversify their investment portfolio and reduce their overall risk.
Investors who want a relatively low-cost fixed income investment option.
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Benefits
Relatively stable returns
Money Market Funds (MMFs) offers relatively stable returns that tend to be higher than the returns offered by a savings account^.
(^The returns on traditional banking products usually are stable over a long period of time.)
Professional management
MMFs are managed by professional fund managers. They actively monitor the market and make investment decisions on your behalf, aiming to maximize returns*.
(*Returns from money market funds vary depending on the underlying market conditions.)
Easy access to funds
MMFs are easy to invest in, redeem, and switch between funds, providing convenience to investors.
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Fund Manager
Nimesh Chandan: Chief Investment Officer
He is an investment professional with 22 years of experience in investing in the Indian capital markets. Previously as Head of Investments (Canara Robeco AMC), he was responsible for all equity business, wherein he oversaw equity assets of Rs. 400 bn and advised Robeco funds on their Indian exposure of Rs. 350 bn.
Siddharth Chaudhary: Senior Fund Manager- Fixed Income
Siddharth Chaudhary has 16 years of experience in fixed-income markets, of which 12 years were in the mutual fund industry and 4 years in bank treasury. In his previous role, Siddharth was Head of Fixed Income, Institutional Business at Sundaram AMC, where he was responsible for managing debt schemes.
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Investment Style & Portfolio Strategy
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This scheme is an open ended debt scheme that aims to generate stable returns through investments in money market instruments. The investment strategy focuses on capturing term and credit spreads and maintaining a balance between safety, liquidity, and potential return aspects of various investments.
The fund management team will take an active view of interest rate movements by keeping a close watch on various parameters of the Indian economy, as well as developments in global markets. Investment views and decisions will be taken based on factors such as prevailing interest rate scenario, quality of the security/instrument, maturity profile, liquidity, growth prospects, and any other relevant factors in the opinion of the fund management team.
The scheme may use derivative instruments like interest rate swaps, interest rate futures, forward rate agreements or other derivative instruments for hedging, portfolio balancing and other purposes, as permitted under the regulations. Hedging using interest rate futures could be perfect or imperfect, subject to applicable regulations. It may also invest in securitized debt. The scheme may undertake repo transactions in corporate debt securities in accordance with the directions issued by RBI and SEBI from time to time.
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Potential Risk Class (PRC)
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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, making it essential for fund houses to categorize all new and existing schemes under a potential risk class (PRC) matrix.
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Product Label and Riskometer
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This product is suitable for investors who are seeking*:
- Income over short term.
- Investment in money market instruments that seeks to provide reasonable returns, commensurate with low risk while providing a high level of liquidity.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
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Scheme Documents
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Bajaj Finserv Money Market Fund – Overview
Bajaj Finserv Money Market Fund seeks to generate stable returns through investment money market instruments.
It may be suitable for investors seeking reasonable returns over the short term at low-to-moderate risk and with high liquidity.
This is an open-ended debt scheme investing in money market instruments – such as certificates of deposit, commercial papers, commercial bills, treasury bills etc – with a maturity of up to one year and carrying relatively low interest rate risk and moderate credit risk. The investment strategy of the Bajaj Finserv Money Market Fund focuses on capturing term and credit spreads and maintaining a balance between safety, liquidity, and potential return aspects of various investments.
Investments for Bajaj Finserv Money Market Fund start at Rs. 1,000.
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Frequently Asked Questions
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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.
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- Bajaj Finserv Asset Management Limited has been referred to as Bajaj Finserv AMC.
Copyright: All Rights reserved at Bajaj Finserv Asset Management Limited
