Bajaj Finserv Asset Management Company (AMC) has announced the launch of ‘Bajaj Finserv Consumption Fund’ – an open-ended equity scheme focused on the consumption theme and capturing the big trends that shape consumer behaviour and spending.

The fund is expected to help those who want wealth creation over long-term.

Details of Bajaj Finserv Consumption Fund

NFO: The scheme’s new fund offer (NFO) opens on November 8, 2024 and closes on November 22.

Features: It is benchmarked against Nifty India Consumption Total Return Index (TRI), which reflects the performance of a diversified portfolio of companies representing domestic consumption.

The minimum investment amount is ₹500 for lumpsum as well as Systematic Investment Plan (SIP). An exit load of 1% shall be imposed if the investment is redeemed within three months from the date of allotment.

Investment strategy: It will primarily invest in equity and equity-related instruments of companies that are likely to benefit from the domestic consumption-led demand in India.

Goals: The fund aims to identify opportunities in sectors like FMCG, automobiles, consumer durables, consumer goods, healthcare, realty, telecom, power and services, all of which are increasingly contributing to India’s rapid consumption growth.

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