The new fund offer or NFO of the fund will open for subscription on November 10 and will close on November 24.
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The fund is benchmarked against the NIFTY Financial Services TRI. The equity portion of the fund is managed by Nimesh Chandan (CIO) and Sorbh Gupta (Head- Equity), while its debt investments are managed by Siddharth Chaudhary (Head- Fixed Income).
The minimum application amount is Rs 500 (Plus multiples of Re1), with a minimum additional application of Rs 100 (Plus multiples of Re 1). An exit load of 1% is applicable if the investment is redeemed within three months of the date of the allotment. The fund offers both Growth and IDCW (Income Distribution cum Capital Withdrawal) options.
India’s Banking and Financial services (BFSI) sector is transforming at an unprecedented pace, expanding well beyond traditional banking to include NBFCs, insurers, AMCs, capital markets, and cutting-edge fintechs. Over the past two decades, the sector’s market capitalization has skyrocketed nearly 50X, powered by rapid digitization, rising credit penetration, financial inclusion, and bold regulatory reforms. Today, the sector stands at the heart of India’s economic momentum, offering investors a gateway to participate in the country’s financial transformation and long-term wealth creation story, according to a press release by the fund house.
“As India marches toward Viksit Bharat and becomes a Top 3 economy globally, the financial services sector will play a significant role in enabling this growth. India’s increasing affluence and aspirations will drive significant growth across different financial services like lending, insurance, investments, payments and capital market products. BFSI will increasingly be central to India’s growth & will attract both domestic and foreign pools of capital as the economy expands. We believe this gives investors a great opportunity to participate in this megatrend through a dedicated thematic fund which will identify opportunities across the entire financial services spectrum and look to benefit from the future growth in these sectors,” said Ganesh Mohan, Managing Director, Bajaj Finserv Asset Management.
Built on Bajaj Finserv Mutual Funds’ Megatrends strategy, the fund aims to capture opportunities from India’s evolving financial ecosystem through a diversified portfolio spanning banks, NBFCs, insurers, AMCs, and other capital market participants. It will invest in 45–60 stocks shortlisted from a 180-200 stock megatrends universe aligned with long-term structural trends.
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Backed by megatrends such as UPI adoption, digital lending, Jan Dhan initiatives, and rising participation across NBFCs, mutual funds, and insurance, this scheme is designed for long-term investors with a higher risk appetite seeking wealth creation through focused exposure to the BFSI sector, the release said.
“Our investment approach for the Bajaj Finserv Banking and Financial Services Fund is anchored in rigorous research and disciplined stock selection. The fund will invest in 45–60 curated companies from a universe of 180-200 megatrends powered companies, across banking, NBFC, insurance, capital market intermediary, and asset management segments, ensuring both breadth and depth of exposure,” said Nimesh Chandan, CIO, Bajaj Finserv Asset Management.
“While the sector offers multiple growth avenues, we believe superior outcomes are achieved by identifying businesses with sustainable competitive advantages, prudent capital allocation, and strong governance. By focusing on quality and maintaining a long-term orientation, we aim to deliver consistent risk-adjusted returns while giving investors access to the most compelling opportunities within India’s evolving BFSI landscape,” CIO added.
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