BAJAJ ASSET MANAGEMENT LIMITED.
BAJAJ ASSET MANAGEMENT LIMITED.
NFO
ETF
Megatrend Investing
Behavioural edge
Low volatility
The investment objective of the Scheme is to provide returns that are corresponding with the performance of the BSE Top 10 Banks Index, subject to tracking errors.
There is no assurance or guarantee that the investment objective of the Scheme would be achieved.
Nimesh Chandan has over 26 years of experience in the Indian Capital Markets. He has spent 22 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 20 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 & Equity related Securities constituting BSE Top 10 Banks Index | 95% | 100% |
| Debt and Money Market Instruments* and Units of Mutual Fund schemes | 0% | 5% |
*Debt and money market instruments will include Government securities, Treasury Bills, Cash Management Bills, CBLO, Repo, Reverse Repo, TREPS, Certificate of Deposits (CDs), Commercial Paper (CPs) and any other securities / instruments as may be permitted by SEBI and RBI from time to time.
Type of Scheme
An open ended scheme tracking BSE Top 10 Banks Total Return Index
Minimum Additional Purchase Amount
“On Ongoing basis
1 unit and in multiples thereof.”
Minimum Redemption/switch out amount
“On continuous basis:
1 unit and in multiples thereof.”
Minimum application amount (lumpsum): Rs. 500/- and in multiples of Re. 1/- thereafter. Systematic Investment Plan (SIP): Rs. 500 and above: minimum 6 instalments.
On continuous basis:
On Exchange: Investors can buy/sell units of the Scheme in round lot of 1 unit and in multiples thereof.
Directly with the Mutual Fund: Any order placed for redemption or subscription directly with the AMC must be of greater than Rs. 25 Crore.
All direct transactions in units of the Scheme by Market Maker / Authorised Participant or large investors with the AMC/the Fund shall be at intraday NAV based on the actual execution price of the underlying portfolio.
The aforesaid threshold shall not be applicable for Market Maker / Authorised Participant and shall be periodically reviewed.
Two-Factor Authentication will be applicable for subscription as well as redemption transactions in the units of Mutual Fund.”
| Tenors | Current value of ₹10,000 Invested | CAGR | ||||
|---|---|---|---|---|---|---|
| Since Inception — |
1Y | 3Y | Since Inception — |
1Y | 3Y | |
| — | — | — | — | — | — | |
Nil
Nil
The broad principles used by the AMC to determine compensation may include trading volume, liquidity generated in the market, bid-ask spread in ETF units, expense ratio of the ETFs, and any other information required to formalise a performance-based incentive structure.
Bajaj Finserv BSE Top 10 Banks ETF is an open-ended exchange traded fund that tracks the BSE Top 10 Banks Total Return Index. It gives investors access to a basket of 10 large banking stocks through one ETF. The scheme aims to provide returns that correspond with the performance of the BSE Top 10 Banks Index, subject to tracking error.
The ETF will invest in stocks that are part of the BSE Top 10 Banks Index, and in the same weightage as the index. This means the fund follows a passive investment approach instead of actively choosing stocks outside the index.
During the NFO period, units are available at ₹10 per unit. The NFO opens on July 13, 2026 and closes on July 15, 2026. After the scheme reopens, its units will be listed on NSE and BSE, allowing investors to buy or sell them on the stock exchange during market hours.
Bajaj Finserv BSE Top 10 Banks ETF gives investors a focused way to access 10 large banking stocks through one exchange traded fund. The scheme tracks the BSE Top 10 Banks Total Return Index and aims to hold the index stocks in the same weightage as the index.
Since it is an ETF, investors can buy or sell units on NSE and BSE during market hours after listing. This makes it a convenient route for investors who want banking-sector exposure without buying each stock separately.
The scheme follows a passive investment approach, so it does not actively choose stocks outside the index. It is designed to stay aligned with the BSE Top 10 Banks Index, subject to tracking error, expenses and market conditions.
Bajaj Finserv BSE Top 10 Banks ETF may be suitable for investors who want long-term exposure to India’s banking sector through a passive, exchange traded fund. The scheme tracks the BSE Top 10 Banks Total Return Index and aims to provide returns corresponding to the index, subject to tracking error.
Investors may consider this scheme if they:
Investors who are unsure whether the scheme is suitable for them should consult their financial adviser before investing.
| Bajaj Finserv Nifty Bank ETF | Bajaj Finserv Nifty 1D Rate Liquid ETF-Growth | Bajaj Finserv Nifty 50 ETF |
| Equity Funds | Debt Funds | Hybrid Funds | Index Funds |
| Exchange Traded Fund Funds | Savings + | All Mutual Funds |
Bajaj Finserv BSE Top 10 Banks ETF is an open-ended exchange traded fund that tracks the BSE Top 10 Banks Total Return Index. It offers exposure to 10 large banking stocks through one listed ETF.
The scheme aims to provide returns corresponding to the performance of the BSE Top 10 Banks Index, subject to tracking error. There is no assurance or guarantee that the investment objective of the scheme will be achieved.
Bajaj Finserv BSE Top 10 Banks ETF tracks the BSE Top 10 Banks Total Return Index. The scheme aims to hold stocks that are part of the index in the same weightage as the index portfolio.
The BSE Top 10 Banks Index includes 10 banking stocks selected from the BSE 500 universe based on free-float market capitalisation. The index is reviewed and rebalanced twice a year, in June and December.
No. Bajaj Finserv BSE Top 10 Banks ETF is a passively managed scheme. It aims to track the BSE Top 10 Banks Index instead of actively selecting stocks outside the index.
The scheme will invest 95% to 100% of its assets in equity and equity-related securities that form part of the BSE Top 10 Banks Index. Up to 5% may be invested in debt and money market instruments or units of mutual funds.
The NFO opens on July 13, 2026 and closes on July 15, 2026. The scheme will reopen for continuous sale and repurchase within five business days from the allotment date.
The NFO price is ₹10 per unit. After the scheme reopens, units will be available at NAV-based prices or through stock exchange trading.
The minimum application amount during the NFO is ₹500 and in multiples of ₹1 thereafter. Units will be allotted in whole numbers, and any balance amount will be refunded.
Bajaj Finserv BSE Top 10 Banks ETF will be listed on NSE and BSE. Investors can buy or sell units on the stock exchanges during market hours, in lots of 1 unit and in multiples thereof.
Bajaj Finserv BSE Top 10 Banks ETF has Nil entry load and Nil exit load. However, brokerage and other applicable charges may apply when ETF units are bought or sold on the stock exchange.
The fund manager for Bajaj Finserv BSE Top 10 Banks ETF is Mr. Ilesh Savla.
The scheme carries a Very High risk rating. The benchmark, BSE Top 10 Banks TRI, is also classified as Very High risk. Investors should consider their risk profile and investment horizon before investing.
Since the scheme invests in banking stocks, its performance may be affected by banking-sector trends, interest rates, regulations, credit quality, market movements and broader economic conditions. The scheme is also subject to tracking error.
No. Bajaj Finserv BSE Top 10 Banks ETF does not guarantee returns. The scheme aims to track the BSE Top 10 Banks Index, but returns may differ due to tracking error, expenses, liquidity and market conditions.
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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.
