The Bajaj Finserv Nifty 50 Index Fund tracks the Nifty 50 Total Return Index (TRI). It aims to replicate the returns of the Nifty 50 Index by investing in the stocks listed in it.
The fund has a relatively low expense ratio compared to actively managed funds.
The Bajaj Finserv Nifty Next 50 Index Fund tracks the Nifty Next 50 Total Return Index (TRI). It focuses on high-growth companies that are expected to transition into the Nifty 50 in the future.
This fund provides exposure to 100 leading companies across various sectors.
The Nifty 50 Index Fund opens on April 25, 2025, and closes on May 9, 2025, while the Nifty Next 50 Index Fund opens on April 22, 2025, and closes on May 6, 2025.
Key features of both funds:
- Minimum investment: ₹500 (Nifty 50)/₹500 (Nifty Next 50)
- Available in Growth and IDCW (Income Distribution cum Capital Withdrawal) options
- No entry or exit load
- SIP, SWP, and STP options available
Both funds will be managed by Ilesh Savla, Fund Manager at Bajaj Finserv AMC.
Ganesh Mohan, Managing Director of Bajaj Finserv AMC, said, “These passive funds provide low-cost access to India’s largest and most rapidly growing companies. Our focus is to offer investors cost-effective and transparent solutions.”
Nimesh Chandan, Chief Investment Officer, added, “The Nifty 50 and Nifty Next 50 Index Funds are part of our broader strategy to provide investors with stable and long-term growth opportunities.”
ALSO READ | Mirae Asset launches Global Fund at GIFT City for overseas ETF exposure
First Published: Apr 21, 2025 2:45 PM IST
