Bajaj Finserv Banking and PSU Fund Direct Growth

Bajaj Finserv Banking and PSU Fund Direct Growth is a debt fund. This fund was started on 15 November, 2023. The fund is managed by . This fund is suitable to keep your money safe.

1. Bajaj Finserv Banking and PSU Fund Direct Growth has ₹94 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
2. The fund has an expense ratio 0.3.
   

Bajaj Finserv Banking and PSU Fund Direct Growth has given a CAGR return of 8.26% since inception.

Bajaj Finserv Banking and PSU Fund Direct Growth has allocated its funds majorly in Government, Corporate, Cash Equivalent. Its top holdings are 07.32 Goi 2030, Indian Railway Finance Corporation Limited, Rural Electrification Corporation Limited, National Housing Bank, National Bank For Agriculture And Rural Development

As it is a banking & psu mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
For short term (less than 3 years) capital gains will be taxed at your income slab rate.
For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.
Dividends will always be taxed at slab rate.

To generate income by predominantly investing in debt & money market securities issued by Banks, Public Sector Undertaking (PSUs), Public Financial Institutions (PFI), Municipal Bonds and Reverse repos in such securities, sovereign securities issued by the Central Government and State Governments, and / or any security unconditionally guaranteed by the Govt. of India. There is no assurance that or guarantee that the investment objective of the scheme will be achieved.

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 1000.00. Bajaj Finserv Banking and PSU Fund Direct Growth has no lock in period.