Bajaj Finserv Gets License From SEBI To Start Mutual Fund Business Named Bajaj Finserv Mutual Fund

Bajaj Finserv Mutual Fund: Bajaj Finserv, a financial services company, is soon going to enter the mutual fund business. For this, the company has also got approval from the market regulator SEBI. Bajaj Finserv has planned to enter the mutual fund business so that with the help of technology, it can create a platform where investors will get the benefit of various services at one place.

clearance from sevi

Let us tell you that Bajaj Finserv, which provides a variety of financial services in India, has got approval from the Securities and Exchange Board of India (SEBI). In such a situation, now Bajaj Finserv can run this service in the name of Bajaj Finserv Mutual Fund. On this occasion, Sanjeev Bajaj, Chairman, Bajaj Finserv said that with the help of this new service of ours, people will be helped in creating thick funds in the long term. Along with this, this service will be started keeping in mind the needs of the future.

Soon investors will get services

The number of people using digital financial services in India has increased rapidly in the last few years. In such a situation, Bajaj Finserv Mutual Fund is now preparing to provide its service to its customers soon in collaboration with Bajaj Finserv Asset Management Limited (BFAML). The company is preparing to introduce options for many mutual fund products like equity, debt and hybrid funds.

How big is the business of mutual funds in the country?

Let us tell you that the business of mutual funds is very big in India. The mutual fund industry has a total of Rs 39.62 lakh crore. At the same time, till January 31, 2023, a total of 42 asset management companies were working across the country. Along with this, the Association of Mutual Funds had informed that there has been an increase in the number of retail investors of Mutual Funds across the country. This industry has grown at the rate of 9.3 percent in January.

read this also-

Layoffs: This giant car maker announced layoffs, 500 people lost their jobs, know the reason