Bajaj Finserv gets SEBI license to launch mutual fund business
Financial services company Bajaj Finserv has received the final registration from the Securities and Exchange Board of India (SEBI) to start its mutual fund business operations under Bajaj Finserv Mutual Fund.
Bajaj Finserv Mutual Fund, with Bajaj Finserv Asset Management Limited (BFAML) as the Investment Manager, will soon offer a range of mutual fund products including equity, debt, and hybrid funds, both in the active and passive segments, to investors. Nimesh Chandan, erstwhile head of equities at Canara Robeco AMC will be heading the investment management function at BFAM.
BFAML expects to create a “tech-driven, multi-channel approach” to serve investors across various geographies “to build a future-ready asset management company”.
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