Bajaj Finserv Mutual Fund launches Bajaj Finserv Money Market Fund

NFO period: 17^th July - 20^th July, 2023

Highlights of the NFO:

• Scheme type - An open ended debt scheme investing in money market instruments with Relatively Low Interest Rate Risk and Moderate Credit Risk


• Investment objective - The investment objective of the scheme is to generate regular income through investment in a portfolio comprising of money market instruments. However, there is no assurance that the investment objective of the scheme will be achieved.


• Product suitability - The product is suitable for investors who are seeking income over short term by investing in money market instruments that seeks to provide reasonable returns, commensurate with low risk while providing a high level of liquidity.


• Minimum Application Amount - First investment is Rs.1,000/- and in multiples of Rs.1/- thereafter


• Plan/ Options available - Regular Plan & Direct Plan having Growth option and Income Distribution cum Capital Withdrawal (IDCW) option with Payout of Income Distribution cum Capital Withdrawal sub-option, Reinvestment of Income Distribution cum Capital Withdrawal sub-option and Transfer of Income Distribution cum Capital Withdrawal sub-option.


• Fund Manager - Mr. Siddharth Chaudhary and Mr. Nimesh Chandan


• Benchmark - NIFTY Money Market Index B-I