Going beyond banks
The fund expands beyond traditional banking and also invests in NBFCs, insurers, AMCs, and fintech companies, among others.
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BAJAJ FINSERV ASSET MANAGEMENT LIMITED.
The objective of the Scheme is to generate long term capital appreciation by predominantly investing in equity and equity related securities of companies engaged in Banking and Financial Services.
However, 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.
Sorbh Gupta has over 16 years of experience in the Indian Capital Markets. In November 2022, he was appointed as Head – Equity at Bajaj Finserv Asset Management Limited. Prior to joining Bajaj Finserv Asset Management Limited, he was associated with Quantum Asset Management Company Private Ltd. He has also worked with other financial companies such as Siddhesh Capital Markets Pvt. Ltd. and Pranav Securities Pvt. Ltd.
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.
| Instruments | Indicative allocations (% of total assets) | |
|---|---|---|
| Minimum | Maximum | |
| Equity and Equity related instruments of companies engaged in Banking and Financial Services sector# or allied activities | 80% | 100% |
| Equity and Equity Related securities of companies other than in Banking and Financial services sector# or allied activities | 0% | 20% |
| Debt and Money Market Instruments* and Units of Mutual Fund schemes | 0% | 20% |
| Units issued by REITs and InvITs | 0% | 10% |
*Debt instruments shall be deemed to include securitized debts (excluding foreign securitized debt). Money market instruments will include commercial papers, commercial bills, Triparty REPO, Reverse Repo and equivalent and any other like instruments as specified by SEBI and Reserve Bank of India from time to time.
*/
| Particulars | Upto 10% of units held | |
|---|---|---|
| if units are redeemed / switched out within 3 months from the date of allotment | 1% of applicable NAV. | |
| if units are redeemed/switched out after 3 months from the date of allotment | Nil | |
| Particulars | Upto 10% of units held | |
|---|---|---|
| if units are redeemed / switched out within 3 months from the date of allotment | 1% of applicable NAV. | |
| if units are redeemed/switched out after 3 months from the date of allotment | Nil | |
Entry Load:Nil
Exit Load:
*/
| Particulars | Upto 10% of units held | |
|---|---|---|
| if units are redeemed / switched out within 3 months from the date of allotment | 1% of applicable NAV. | |
| if units are redeemed/switched out after 3 months from the date of allotment | Nil | |
to view Total Expense Ratio
Bajaj Finserv Gilt Fund
An open ended debt scheme investing in government securities across maturity with relatively high interest rate risk and relatively low credit risk
This product is suitable for investors who are seeking*:
Banking and Financial Services Funds are sectoral equity mutual funds that primarily invest in companies operating in the financial ecosystem. These may include banks, non-banking financial companies (NBFCs), insurance firms, fintech players, brokerages, asset management companies, credit card issuers, and other businesses that support lending, payments, and financial intermediation. Because these funds focus on a specific sector, they can provide targeted exposure to themes such as rising credit demand, digital payments growth, and formalisation of financial services in India.
However, the sector’s performance can be influenced by interest-rate movements, credit cycles, regulatory changes, and overall economic conditions. As a result, Banking and Financial Services Funds tend to carry higher sector-concentration risk compared with diversified equity funds.
Equity funds tend to be volatile and sectoral and thematic risks carry higher concentration risk because they are exposed to sector-specific risks. So, this fund may be suitable with those for a higher risk appetite, knowledge of sectoral trends, and targeted exposure to the banking and financial services sector. It may also be considered as a part of a diversified portfolio that also has some broad market funds.
Yes, many equity mutual funds allow you to start investing in instalments of Rs. 500 through an SIP (Systematic Investment Plan).
This fund invests mainly in one sector—banking and finance—whereas regular mutual funds usually spread your money across many sectors.
All equity mutual funds require a long investment horizon to manage risks and benefit from potential sector growth.
No. Returns depend on how the financial sector performs. Mutual fund returns are neither fixed nor guaranteed.
The Bajaj Finserv Banking and Financial Services Fund offers exposure to India’s BFSI sector, which includes banks, NBFCs, insurance companies, and fintech firms. Whether this fund suits an investor depends on their financial goals, risk appetite, and investment horizon. Investors are advised to consult a financial advisor before making investment decisions.
Investors who prefer to make and manage their investments independently can invest directly with the asset management company under the direct plan. Since there are no commission costs, the expense ratio for the direct plan is relatively lower, which can result in slightly higher net returns over time.
The fund invests primarily in companies from the banking and financial services sector. Holdings may change from time to time based on market conditions and the fund manager’s strategy. You can refer to the latest fund factsheet for up-to-date information.
The fund primarily allocates assets to equity and equity-related instruments of BFSI companies. For more details, check the ‘Asset Allocation’ section on this page.
The expense ratio differs for Direct and Regular plans and is disclosed periodically. Investors can visit the ‘Downloads’ section on this website for latest information.
Returns are market-linked and depend on sector performance and market cycles. Past performance may or may not be sustained in future.
Yes, investors may switch between plans, subject to applicable rules. Such switches may be treated as redemptions and could have tax implications.
Exit load, if any, is defined in the scheme documents and may vary by holding period. Investors should review the Scheme Information Document before investing.
The NAV of any mutual fund scheme is calculated at the end of every business day. The latest available NAV can be reviewed on the AMC website and the AMFI portal.
You can invest online through the Bajaj Finserv AMC website or through aggregators. You can also invest either online or offline through a mutual fund distributor. Investments can be made via lumpsum or SIP.
The fund follows a megatrend investment strategy, focusing on long-term structural shifts in the BFSI sector. It aims to potentially benefit from the growth of India’s financial ecosystem over time by identifying themes and trends that may shape the sector over the long term.
As a sectoral equity fund, it is labelled Very High Risk on the Riskometer. Investors should assess suitability based on their risk appetite.
There is no mandatory lock-in period for this fund. However, exit load may apply if funds are redeemed within a specified timeframe.
The fund may suit investors with a very high risk tolerance and long-term horizon. It is may also suit investors seeking tactical exposure to the banking and financial services sector, or those who believe in the potential growth of India’s financial sector over time.
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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.
