Bajaj Finserv, India’s 43rd asset management company (AMC) and its fund house, has decided to debut with two debt funds — a Liquid and an Overnight fund. These are two of the first seven schemes for which it had filed with the Securities and Exchange Board of India (Sebi).
Apart from these debt funds, Bajaj Finserv AMC has approvals to launch a money market fund, and three equity-oriented schemes — a balanced advantage fund, large- and mid-cap fund and a flexi-cap fund – as well as an arbitrage fund.