India's first multi-asset allocation mutual fund with dividend yield strategy launched :Bajaj Finserv Multi Asset Allocation Fund.

Banking & Finance

Bajaj Finserv Asset Management Company (Bajaj Finserv AMC) on Monday (May 13) launched Bajaj Finserv Multi Asset Allocation Fund. This scheme is the nation's first multi-asset fund with a dividend yield strategy.The new fund offer (NFO) for the scheme will remain open until May 27.Following this, it will be available for subscription until or before June 6, 2024.The mutual fund house noted that dividend is due only when declared and there is no assurance that a company may continue paying dividend in future.The scheme is vulnerable to instances where investments in securities may not earn dividend or where lesser dividend is declared by a company in subsequent years in which investments are made by scheme, Bajaj Finserv Mutual Fund said.The Bajaj Finserv Multi Asset Allocation Fund offers a diversified portfolio across various asset classes, including equities, fixed income instruments, commodities such as gold and silver ETFs, and REITs/InvITs.With an equity allocation ranging from 35-80%, the fund employs a multi-theme, multi-sector, and multi-cap approach to investment.


      NFO open until May 27, subscription available until June 6, 2024.

      Dividend dependent on declaration, no future assurance.

      Diversified portfolio including equities, fixed income, commodities, REITs/InvITs.

 

     


About Bajaj Finserv AMC

AMC incorporation date: 18 October 2021
CEO : Mr. Ganesh Mohan
          ____________________________