Bajaj Finserv Banking and PSU Fund invests primarily in debt and money market securities issued by banks, public sector undertakings, public financial institutions, municipal corporations and the like.
Bajaj Finserv Banking and PSU Fund may be suitable for investors seeking income or relatively stable returns in the short-to-medium term. It may also be considered by investors seeking to diversify from traditional fixed income instruments to potentially earn returns while taking moderate risk.
Individuals can invest in Bajaj Finserv Banking and PSU via SIP or lumpsum. Investments start at Rs. 1,000.
Bajaj Finserv Banking and PSU Fund - Regular & Direct Plans
This scheme is available through two plan options to suit different investor preferences.
Direct Plan
A direct plan is made for investors who prefer to invest without involving a distributor. Here, there are no commission charges involved, this means that the expense ratio is lower, and this cam result in slightly higher potential returns in the long term.
Regular Plan
In this plan, you get the assistance of a mutual fund distributor who helps you in scheme selection as well as ongoing transactions. While the expense ratio is marginally higher to account for distribution costs, the guided support can help align your investments with your goals and prferences.
How to invest in Bajaj Finserv Banking and PSU Fund
You can invest in the scheme using either of the following modes.
- Offline mode: You can invest via a distributor who will help fill and submit the application form. If investing directly, you can submit the form at any of the AMC’s Official Points of Acceptance (OPATs).
- Online mode: You can invest via your demat account or trading platform. Alternatively, you can create an account on the Bajaj Finserv AMC investor portal and complete your investment digitally.
Taxation on Bajaj Finserv Banking and PSU Fund
Since this is a debt-oriented fund, it is taxed as per the rules applicable to debt mutual funds. For all units purchased after April 2023, capital gains are added to your taxable income and taxed as per applicable slab rates, regardless of holding period.