Bajaj Finserv Consumption Fund: Suitable for investors seeking wealth creation over long term..!
- The scheme will be benchmarked against Nifty India Consumption Total Return Index (TRI)
Mumbai/ Pune, 6th November 2024: Bajaj Finserv AMC has announced the launch of the Bajaj Finserv Consumption Fund, an open ended equity scheme following the consumption theme. The fund opens for subscription on 8th November and the New Fund Offer period ends on 22nd November 2024. The Bajaj Finserv Consumption Fund is a true-to-label fund that will strategically invest in sectors aligned with emerging consumption megatrends. These are influential megatrends shaping consumption habits across India. Riding the wave of these changes, the fund aims to identify opportunities in sectors like FMCG, automobiles, consumer durables, consumer goods, healthcare, realty, telecom, power and services, all of which are increasingly contributing to India's rapid consumption growth. The fund will focus on companies positioned to benefit from the emerging consumer boom by identifying potential growth stories. It will follow a market-cap-agnostic approach, offering the flexibility to invest across various market capitalizations.
Mr. Ganesh Mohan, CEO, Bajaj Finserv AMC says, "India's consumption landscape is dramatically shifting due to increased income levels, a surge in urbanization, and a transition from basic to discretionary spending. Consumption as a theme is favourable for investment now as the fundamentals are stronger as compared to the broader markets. With growth in sectors like FMCG, food services and quick commerce, realty and auto, which are expected to witness significant expansion in the coming years, we firmly believe that this fund will be an asset to our investors' portfolios in the long run".
#A recent study by Bajaj Finserv AMC shows an increase in purchasing power, with India's per-capita income expected to surpass $3,000 by 2025. The study reveals that consumption-related sectors are on the rise in the country and are poised for rapid growth in the long term. The burgeoning middle class, which is likely to grow to nearly 40% of the population by 2030 will drive this consumption boom. Additionally, megatrends in consumption indicate that the e-commerce customer base will grow by 2.7 times by FY25, reflecting the rise of consumerism and urbanization.
Mr. Nimesh Chandan, Chief Investment Officer, Bajaj Finserv AMC adds "The changing demographics and rising income levels are driving the country to consume more, consume well, consume better and consume easily. While the market has focussed on the capex side of the economy in the past 2 years. The consumer sectors have come to attractive valuations compared to their own historical valuation as well as premium to broad markets. Bajaj Finserv Consumption Fund is well positioned to take advantage of the megatrends and offer investors an opportunity from the growth of domestic demand in this country across diverse sectors. Our INQUBE philosophy and equity research process will guide us in choosing and investing in companies with long-term wealth creation potential for investors."
The Bajaj Finserv Consumption Fund is suitable for investors seeking wealth creation over long term by investing predominantly in equity and equity related instruments of companies that are likely to benefit directly or indirectly from domestic consumption led demand. The scheme will be benchmarked against the Nifty India Consumption Total Return Index (TRI) that reflects the performance of a diversified portfolio of companies representing domestic consumption. These include sectors like Consumer durables, Non-durables, Healthcare, Auto, Telecom Services, Pharmaceuticals, Hotels, Media and Entertainment, etc. The fund will be managed by Mr. Nimesh Chandan, CIO, Bajaj Finserv AMC, along with Sorbh Gupta, Senior Fund Manager for equity investments, and Siddharth Chaudhary, Senior Fund Manager for debt investments.
The minimum investment amount is ₹500 for lumpsum as well as Systematic Investment Plan. An exit load of 1% shall be imposed if the investment is redeemed within three months from the date of allotment. The fund offers both Growth and IDCW (Income Distribution cum Capital Withdrawal) options so investors can choose a plan that suits their investment goals.
#Data Source: BCG, Niti Aayog, Euromonitor, McKinsey, Nielsen, CRISIL, FICCI, Deloitte, IBEF
Bajaj Finserv Consumption Fund
(An open ended equity scheme following consumption theme)
This product is suitable for investors who are seeking*:
- Wealth creation over long term
- To invest predominantly in equity and equity related instruments of companies that are likely to benefit directly or indirectly from the domestic consumption led demand
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
About Bajaj Finserv Asset Management Limited
Bajaj Finserv Asset Management Limited (BFAML) is a 100% subsidiary of Bajaj Finserv Limited. Backed by one of India's most respected brands, BFAML is set to offer an array of innovative investment solutions using a differentiated approach to investing, including but not limited to, mutual funds (equity, debt, hybrid), portfolio management services and alternative investment funds, subject to regulatory approval. With a future-focused investment strategy, it aims to help every Indian achieve life's financial goals.
To know more, visit www.bajajamc.com
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