Bajaj Finserv AMC has announced the launch of its latest offering, the Bajaj Finserv Consumption Fund, an open-ended equity scheme designed to capitalize on India’s evolving consumer market. The fund opens for subscription on 8th November and closes on 22nd November 2024.
This scheme will focus on sectors driven by consumption megatrends, including FMCG, consumer durables, healthcare, realty, and telecom, with a benchmark tied to the Nifty India Consumption Total Return Index (TRI). Ganesh Mohan, CEO of Bajaj Finserv AMC, highlighted India’s rising income levels and urbanization as key factors driving this shift, positioning the fund to benefit from the country’s consumption boom.
The fund, managed by CIO Nimesh Chandan and team, will be open to investments from ₹500 with both growth and IDCW options. This investment vehicle aims to deliver long-term wealth creation by tapping into India’s robust consumer demand, offering investors exposure to diverse sectors primed for growth.
