Capitalizing on India’s accelerating financial growth story, Bajaj Finserv Asset Management Limited has announced the launch of its Banking and Financial Services Fund, an open-ended equity scheme investing in Banking and Financial services sector. The New Fund Offer (NFO) opens for subscription on 10th November 2025 and closes on 24th November 2025. The fund is benchmarked against the NIFTY Financial Services TRI. 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.
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. Ganesh Mohan, Managing Director, Bajaj Finserv Asset Management Limited, said, “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.” Nimesh Chandan, CIO, Bajaj Finserv Asset Management Limited, said, “Our investment approach for the Bajaj Finserv Banking and Financial Services Fund is anchored in rigorous research and disciplined stock selection.”
The equity portion of the fund is managed by Mr. Nimesh Chandan (CIO) and Mr. Sorbh Gupta (Head- Equity), while its debt investments are managed by Mr. Siddharth Chaudhary (Head- Fixed Income). The minimum application amount is ₹500 (Plus multiples of Re.1), with a minimum additional application of ₹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.
