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The investment objective of the scheme will be to generate income from fixed-income instruments and generate capital appreciation for investors.

The scheme is benchmarked against Nifty Large Midcap 250 TRI. It will be managed by Nimesh Chandan and Sorbh Gupta for equity investments and Siddharth Chaudhary for debt investments.

Get latest articles and stories on Business at LatestLY. Pune (Maharashtra) [India], January 17: Bajaj Finserv AMC has introduced two new fund offerings, namely Bajaj Finserv Nifty 50 ETF and Bajaj Finserv Nifty Bank ETF, which became available for subscription on January 15, 2024. Marking the company's foray into the ETF market, this strategic initiative aims to provide investors with a more cost-effective avenue for investment. Business News | NFO Alert: Bajaj Finserv AMC Enters the ETF Market; Launches Nifty 50 and Nifty Bank ETF.

Three sectoral funds, two ETFs and index funds, one large cap fundand focused fund will open for subscription this week.

Bajaj Finserv Mutual Fund announced the launch of the Bajaj Finserv Nifty 50 ETF. The scheme opened for public subscription on January 15, 2024, and will close on January 18, 2024.