Bajaj Finserv Limited has launched its wholly-owned subsidiary, Bajaj Finserv Asset Management Limited, to enter the mutual funds industry. Supported by the well-respected Bajaj brand, this new asset management company offers a range of unique financial products and investment options. In March 2023, Bajaj Finserv Mutual Fund received approval from the Securities and Exchange Board of India (SEBI) to start its mutual fund business.
The company has submitted several investment schemes to SEBI, including liquid funds, overnight funds, money market funds, flexi-cap funds, arbitrage funds, balanced advantage funds, and large and mid-cap funds. Bajaj Finserv Asset Management Limited is committed to helping individuals achieve their financial goals with a forward-thinking approach and a strong focus on customer satisfaction. They follow a structured three-stage investment philosophy called InQuBe, which integrates informational, quantitative, and behavioral insights into their strategy. As of March 2024, Bajaj Finserv Asset Management Limited manages assets worth ₹ 9,674.62 crore and serves a global client base.
Investing in the best Bajaj Finserv Mutual Funds or any other top-performing mutual fund is quick and simple with Bullsmart. One needs to follow the steps provided below:
1. Sign in to the Bullsmart app using your mobile number and validate it with an OTP. Then, click on "Open Account for Free" and complete the KYC process by entering your PAN number, date of birth, and additional details such as gender preference, marital status, occupation, income, Source of Wealth, and trading preference.
2. Choose your bank and enter bank account details including IFSC code and account number. Once entered, verify the details.
3. Share the required documents via DigiLocker. Enter your Aadhar number, captcha code, and the OTP sent to your registered mobile number. Finally, enter the 6-digit DigiLocker PIN to complete the KYC process.
4. Add a photo and e-signature to finalise the process.
5. If desired, add a nominee, click on submit and you're all set to start your investment journey with Bullsmart.
In order to help you become a smart investor with Bullsmart, we've simplified the entire process just for you. To get started, ensure you have the following essential documents at hand:
Mutual fund schemes themselves are neither taxable nor tax-exempt. However, the gains you accrue from your mutual fund investment are subject to taxation, which varies based on the type of scheme and the duration of your investment.
You can initiate your investment in Bajaj Finserv Mutual Funds online via Bullsmart with ease. Additionally, you have the option to invest through the official website of the respective fund house.
Bajaj Finserv Mutual Funds is a renowned AMC in India. While its funds have delivered substantial returns to investors, it is also important to not solely focus on returns when selecting a fund. Consideration of other factors such as risk, volatility, fund manager's experience, and your return expectations and risk tolerance is essential in determining the most suitable fund for your needs.
Redemption charges depend on the type of mutual fund you want to sell. Generally, an exit load and taxes are applicable.
To redeem Bajaj Finserv Mutual Funds investments have been made even more convenient through the Bullsmart app. Investors can simply log in to their Bullsmart account, navigate to the Bajaj Finserv Mutual Fund section, and initiate the redemption process with just a few taps.
Investing in Bajaj Finserv Mutual Funds SIP is generally considered safe. However, like all mutual fund investments, it is subject to market risks. It's essential to carefully assess your investment goals and risk tolerance before investing.