Bajaj Finserv AMC has launched the 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. The fund opened for subscription on December 30, 2024, and the New Fund Offer period ends on January 13, 2025.
Bajaj Finserv Gilt Fund is suitable for investors seeking reasonable return potential over the medium to long term with minimal credit risk. It is benchmarked against CRISIL Dynamic Gilt Index.
The fund’s investment objective is to generate credit risk-free returns through investments in sovereign securities issued by the Central Government and/or State Government(s) and/or any security unconditionally guaranteed by the Government of India, and/or reverse repos in such securities as per applicable RBI Regulations and Guidelines. The scheme may also be investing in Reverse repo, Triparty repo on Government securities or treasury bills and/or other similar instruments as may be notified from time to time.
Also Read: HRA missing from your salary? Here’s how to claim a tax deduction for rent
Speaking on the launch, Ganesh Mohan, CEO, Bajaj Finserv AMC said, “As inflation moderates, growth is expected to become a key focus area, and policy priorities are likely to shift from controlling inflation to supporting growth. Many major economies are showing signs of slowing down, and central banks worldwide are likely to reduce rates to address this challenge. There is a significant possibility of a similar rate cut happening in India as well. This is an opportunity for investors to invest in all-weather funds such as Bajaj Finserv Gilt Fund, that aims to benefit most from opportunities arising with moderation in inflation, policy shift towards growth and the potential rate cuts.”
Nimesh Chandan, CIO, Bajaj Finserv AMC, said, “At Bajaj Finserv AMC, we have created our investment processes for fixed income on the foundation of INQUBE philosophy. In this Fund too, we will be using the in-depth understanding of macroeconomic cycles, combined with quantitative and behavioural analysis of market variables with an aim to generate healthy returns for the investors. Gilt Funds provide an opportunity for investors to benefit from downward movement in interest rates. In this fund, we will also focus on identifying and investing in any mispriced segment in the yield curve to generate returns.”
The fund is available in both Growth and IDCW options under the Regular and Direct Plans.
» Read More
