Bajaj Finserv Asset Management Limited (BFAML) has announced the launch of its Banking and Financial Services Fund, an open-ended equity scheme that will invest across the Banking and Financial Services (BFSI) sector.
The New Fund Offer (NFO) opened for subscription on November 10 and will close on November 24, 2025. The scheme will be benchmarked against the NIFTY Financial Services TRI.
The new fund seeks to capitalize on India’s rapidly evolving financial ecosystem, which is expanding beyond traditional banking to include NBFCs, insurers, asset managers, capital market intermediaries, and fintech companies.
Over the last two decades, India’s BFSI sector has witnessed a nearly 50-fold increase in market capitalization, supported by digitization, rising financial inclusion, expanding credit access, and proactive regulatory reforms.
Built on Bajaj Finserv Mutual Fund’s Megatrends strategy, the fund will invest in 45–60 stocks shortlisted from a universe of about 180–200 BFSI-related companies.
The portfolio will be diversified across banking, non-banking finance, insurance, asset management, and capital market participants to capture long-term growth opportunities.
Ganesh Mohan, Managing Director, Bajaj Finserv Asset Management Limited, said the financial services sector is poised to be a key driver of India’s growth as the nation moves towards Viksit Bharat.
“India’s growing affluence and aspirations will spur expansion across lending, insurance, investments, and capital markets. The BFSI sector will attract both domestic and global capital.
This thematic fund gives investors a chance to participate in this megatrend across the financial services spectrum,” he said.
Nimesh Chandan, CIO, Bajaj Finserv AMC, highlighted that the investment approach will emphasize quality and long-term performance.
“We will invest in 45–60 carefully chosen companies across BFSI segments, focusing on businesses with strong competitive advantages, prudent capital allocation, and sound governance. Our goal is to deliver consistent, risk-adjusted returns through disciplined stock selection,” he said.
The fund’s equity portion will be managed by Nimesh Chandan and Sorbh Gupta (Head – Equity), while Siddharth Chaudhary (Head – Fixed Income) will manage the debt component.
The minimum investment amount is ₹500, with additional investments allowed in multiples of ₹1. An exit load of 1% applies if units are redeemed within three months of allotment. The scheme offers both Growth and IDCW (Income Distribution cum Capital Withdrawal) options.
According to BFAML, the fund is suited for long-term investors with a higher risk appetite looking to gain focused exposure to India’s expanding financial services sector.
About Bajaj Finserv Asset Management Limited:
Bajaj Finserv Asset Management Limited (BFAML) is a wholly owned subsidiary of Bajaj Finserv Limited. The company aims to offer a diverse range of investment solutions including mutual funds, portfolio management services, and alternative investment funds, subject to regulatory approvals.
Backed by the Bajaj Group’s trusted legacy, BFAML focuses on future-ready investment strategies to help investors achieve their financial goals.
For more information, visit: www.bajajamc.com
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