Both Bajaj Finserv Overnight Fund and Bajaj Finserv Liquid Fund are designed for retail, high net worth individuals and institutional investors. The NFO of both funds opened on June 29 and will close on July 3. The company plans to launch a set of fixed income, hybrid and equity funds soon.
The fund house aims to be present across asset classes of equity and debt. This goes against many new-age fund houses that come with a differentiated strategy of launching either only equity or debt funds or focusing only on passive funds.