&w=3840&q=100)
Bajaj Finserv rolls out low-cost index funds to ride market growth
Bajaj Finserv Asset Management Company (AMC) has launched two new passive funds, the Bajaj Finserv Nifty 50 Index Fund and Bajaj Finserv Nifty Next 50 Index Fund, to expand its offerings in the index fund space.
Both are open-ended index funds designed to provide long-term capital appreciation by tracking the performance of their respective benchmark indices. The funds aim to offer investors a low-cost, transparent, and efficient way to participate in India's large-cap equity market.
The Bajaj Finserv Nifty 50 Index Fund is benchmarked against the Nifty 50 Total Return Index (TRI), while the Bajaj Finserv Nifty Next 50 Index Fund is benchmarked against the Nifty Next 50 TRI. The schemes replicate the respective indices by investing in the same set of constituent stocks, thereby reducing tracking error.
Key highlights of the funds
Broad market access: Offers exposure to India's top 100 companies through Nifty 50 and Nifty Next 50 indices.
Disciplined approach: Index replication helps minimise short-term volatility and emotional decision-making.
Long-term focus: Suitable for investors seeking steady equity growth without frequent portfolio changes.
Fund details
- Bajaj Finserv Nifty 50 Index Fund: Tracks Nifty 50 TRI; focuses on India's 50 largest companies
- Bajaj Finserv Nifty Next 50 Index Fund: Tracks Nifty Next 50 TRI; targets the next rung of high-growth large caps
- Fund manager: Ilesh Savla
- Structure: Open-ended schemes
- Availability: Growth and IDCW (Income Distribution cum Capital Withdrawal) options
- Exit/Entry Load: None
- SIP/SWP/STP: Available
Minimum application:
Nifty 50 Index Fund: Rs 500 and in multiples of Rs 500 thereafter
Nifty Next 50 Index Fund: Rs 500 and in multiples of Rs 1 thereafter
Ganesh Mohan, managing director of Bajaj Finserv AMC, said, 'The launch of our new passive funds reflects our belief that high-quality investment solutions should be accessible, transparent, and cost-effective. As more individuals look for smarter ways to grow their wealth, low-cost passive strategies offer a disciplined and efficient path forward.'
Nimesh Chandan, chief investment officer at the AMC, said, 'Index funds offer investors staple, cost-effective exposure to the broader markets. Our current focus on large-cap indices signals our constructive and bullish view on this segment, which we believe offers stability and long-term growth potential in the current environment.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
36 minutes ago
- Time of India
Nifty eyes 26,500 after breakout; Jio may stretch rally to Rs 345: Anand James of Geojit
After a 31-day snooze in consolidation mode, the Nifty finally jolted awake on the June expiry day, breaking past resistance with a burst of momentum. But is this just a sugar rush or the start of a sustained sprint? Anand James , Chief Market Strategist at Geojit Financial Services , believes the broader trend still has legs—pointing towards 26,500, if investors hold their nerve and resist the itch to book profits too soon. Meanwhile, Jio Financial , one of the week's top gainers, may still have some juice left in the tank, though James warns the momentum isn't strong enough for fresh entries just yet. In a chat with ET Markets , he decodes the July setup, the FII shift, and his top trading picks. Nifty broke 31-day consolidation phase on the day of June monthly expiry on Thursday. How do you read the momentum building for the July series now? The week closed on a positive note with 79% and 69% of Nifty 500 stocks closing above their 10 and 20 DMAs respectively, the highest noted last week. But a withdrawal in buying interest was noted towards the close. While about 29% of Nifty 500 stocks pushed above the upper Bollinger band, only 11% managed to close above the same. Also, more than 66% of Nifty 500 stocks pulled back at least 1% from their day highs. With this in the backdrop, it is notable that Nifty is now at the farthest from its 10 DMA, since 15 May, after we had entered a period of consolidation. We expect the same in the coming week. That said, we remain optimistic of a broader trend extending to 26,200-500, after the consolidation. Looking at the rollover data, the FII long-short ratio surged suggests fresh long positions are building up. How do you read FII positioning? Having hovered around 20 or below for the most part of June, the sudden rise of the long short ratio to 38 suggests that FIIs are more optimistic. Though long positions are yet to be added in significant amounts, the covering of shorts have been large enough to at least suggest that the bearish fears have significantly come down. July month typically has a positive seasonality for Nifty as well as Nifty Bank. The banking index has already hit a fresh record high. Will July bring in the good news for Nifty as well? July continues to look favourable for Nifty, supported by strong internal breadth and leadership from Bank Nifty. In terms of trend strength, 100% of Bank Nifty stocks are above the 10-DMA, 83.33% above the 20-DMA, and 91.67% above the 50-DMA—a clear indication of persistent buying. Nifty, meanwhile, holds up well similarly: 82% of its stocks are above the 10-DMA, 86% above the 20-DMA, and 78% above the 50-DMA. Also worth noting, 24% of Nifty stocks are trading above the Upper Bollinger Band, compared to just 16.67% in Bank Nifty, hinting at some near-term overbought conditions in Nifty. Looking at weekly performance, Bank Nifty and Nifty 50 show dominant price action, with 84% of Nifty 50 and 100% of Bank Nifty closing above the previous week's close, confirming solid upward momentum. Historically, July has been a bullish month for both the Nifty 50 and Bank Nifty indices. Over the past 15 years, Nifty 50 has delivered positive returns 73% of the time, with an average gain of 4%. This trend is often attributed to a post-June recovery and as early Q1 earnings optimism tends to fuel investor sentiment, contributing to upward momentum. Bank Nifty, known for its higher beta and sensitivity to economic cues, has outperformed Nifty 50 in most bullish Julys. It has posted gains 66% of the time, with an average return of 4.5% in July. Bank Nifty has historically delivered an average return of 8.6% in Q2, with 60% of the years showing positive performance. Meanwhile, Nifty 50 has been positive 73% of the time in Q2, with an average return of 7%. With July's typically bullish seasonality in play, if broader participation improves and investors avoid heavy profit booking, Nifty could join the rally and possibly move toward new highs. Jio Financial was one of the top Nifty gainers in the week and ended 10% higher. Study the charts for us please and tell us how strong the momentum looks like for the new week? Two consecutive days of close above upper Bollinger band shows strength but directional moving indicators suggest that momentum is not strong enough to warrant new entry now. Ideally, Rs 321-323 region presents an exit point for those who may have entered the stock in June. For those willing to press on with their existing positions in order to capitalise on a potential extension in uptrend, Rs 341-345 may be marked as the nearest objective, but we do not see any reason to place the stop loss any lower than Rs 314. Give us your top ideas for the week ahead. ROUTE (CMP: 999) View: Buy Target: 1200 SL: 899 The base-building phase that began in March is still ongoing. Recently, the stock bounced off the trendline support at 964 and appears to be setting up for a potential pullback. The daily SMIO is nearing a move above the zero line, and the monthly chart has formed an inverted hammer candlestick pattern—often considered a reversal signal—supporting our pullback assumption. We expect the stock to move towards 1,200 in the near term. All long positions should be protected with a stop-loss placed below 899. JBMA (CMP: 642) View: Buy Target: 665/698 SL: 614 The stock has been on a pullback phase since May and is currently approaching the 50% Fibonacci retracement level, indicating a potential reversal. The daily MACD histogram is showing early signs of exhaustion at lower levels, while the 14-day RSI has reversed from the oversold region—both hinting at a possible gain in momentum in the coming days. We expect the stock to move towards 665 and 698 in the coming weeks. All long positions should be protected with a stop-loss placed below the 614 level.
Mint
an hour ago
- Mint
Stock market this week: US economic data, IPOs, FIIs top triggers that may dictate Dalal Street
Indian stock markets continued their upward momentum for a fourth straight session on Friday, June 27, with benchmark indices — the Sensex and Nifty 50 — posting solid gains supported by broadly positive global trends. The Sensex ended the day 303 points, or 0.36%, higher at 84,058.90, while the Nifty 50 advanced 89 points, or 0.35%, to close at 25,637.80. Gains were seen across the board, with the BSE Midcap index climbing 0.38% and the Smallcap index rising 0.54%. Over the past four sessions, the Sensex has surged by 2,162 points, marking an increase of nearly 3%, while the Nifty 50 has also registered a similar gain of close to 3%. 'Markets edged higher on Friday, extending the ongoing uptrend and ending the session with modest gains. After a flat start, the Nifty gradually moved up during the first half, followed by a range-bound phase until the close. It eventually settled near the day's high at 25,637.80. The recent geopolitical stability has improved risk sentiment, as seen in the broad-based market participation. Moreover, positive developments around potential trade agreements could further strengthen the bullish bias. We continue to recommend a 'buy on dips' strategy on the index, with an emphasis on selective stock picking for better opportunities,' said Ajit Mishra – SVP, Research, Religare Broking Ltd. Although the week began on a cautious note, indices picked up momentum midweek as concerns over the Iran-Israel conflict subsided and global risk appetite strengthened. As a result, benchmark indices Nifty and Sensex ended the week close to their highs, settling at 25,637.80 and 84,058.90, respectively. Rupak De, Senior Technical Analyst at LKP Securities, said on Nifty outlook, " 'The Nifty continued to move higher as investor confidence remained strong. With no major resistance seen before 25,750–25,800, the index may continue its upward trajectory. However, the rally might not be sharp, and it could take time to reach the 25,800 mark. A buy-on-dips strategy appears more appropriate at current levels, following the sharp rise over the past few days. On the downside, support is placed at 25,500; a break below this level could lead to consolidation.' On the Bank Nifty outlook, brokerage firm Bajaj Broking said, 'Bank Nifty on the weekly chart has formed a sizable bull candle with a higher high and higher low signaling strength and continuation of the up move. The index in the process rallied to a fresh all time high. Given the recent breakout from the consolidation zone of 56,000–53,500, the implied pattern target projects an upside potential towards 58,000-58,500 marks over the coming sessions. This projection is further supported by bullish price structure and momentum indicators. On the downside, key support base has been recalibrated to the 56,000–55,500 region, which marks a confluence of technical factors—namely, the 20-day EMA and the recent swing lows of last week.' Although market sentiment has improved, concerns remain about possible tariff hikes, especially with U.S. tariffs set to resume on July 9. Trade agreement updates will continue to be a key focus. The U.S. President recently shared on social media that a deal has been signed with China and hinted at a possible agreement with India, though specific details are still unclear. Markets will closely watch for further clarity on these developments. July 3 will be a major day for U.S. economic indicators, with the release of Initial Jobless Claims, Nonfarm Payrolls, and the Unemployment Rate for June. These figures will provide a comprehensive view of the labor market's strength and its implications for monetary policy. Also scheduled for release on the same day is the S&P Global Services PMI, which reflects service sector activity and consumer sentiment. The benchmark index signaled robust investor confidence, supported by the perceived stability of the Middle East ceasefire, which helped alleviate fears of possible supply chain interruptions. However, investors will keep a close monitor on Israel-Iran update as it is likely to dictate market movement in the upcoming week. The primary market will witness opening of seven new initial public offering (IPOs) in the coming week - 2 mainboard and 5 SME IPOs. In the mainboard segment, Crizac Limited IPO will open for subscription on July 2, whereas Travel Food Services IPO will open for bidding on July 3. The Indian equity indices continued their upward momentum for the second straight week ending June 27, supported by a decline in crude oil prices due to reduced geopolitical tensions in the Middle East, consistent foreign institutional investor (FII) inflows, a positive monsoon outlook, and easing trade tensions ahead of the approaching deadline. ' Key catalysts like the ceasefire in the Middle East and optimism on easing trade tensions ahead of the deadline have cleared the clouds in the minds of investors. After consecutive days of selling, FIIs have turned net buyers in the domestic market, contributing to improved market stability in the near term,' said Vinod Nair, Head of Research, Geojit Investments Limited. Oil prices remained stable as traders balanced the uncertainty surrounding US-Iran nuclear negotiations with reports suggesting that OPEC might continue its streak of significant production hikes. West Texas Intermediate (WTI) crude saw slight gains, ultimately closing above $65 per barrel after fluctuating between positive and negative territory during the session. According to Ajit Mishra – SVP, Research, Religare Broking Ltd, believes that with the Nifty ending its consolidation phase through a decisive breakout, we now expect a gradual move toward the all-time high i.e. 26,277.35. " However, the gap area around 25,800 could cause a temporary pause. In the event of a pullback, the 24,800–25,200 zone—which previously acted as resistance—is likely to offer strong support? The banking index has resumed its bullish trajectory, supported by renewed buying interest in major private sector banks and intermittent strength in PSU banks. We anticipate the index to gradually advance toward the upper trendline of the broadening formation around 58,200, followed by a potential move to the psychological mark of 60,000," Mishra said. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
2 hours ago
- Mint
Stocks to buy or sell: Dharmesh Shah of ICICI Sec suggests buying PFC, Nalco shares tomorrow- 30 June 2025
Stock market news: Indian stock indices remained positive for the fourth consecutive session on Friday, bolstered by encouraging global signals, relative calm in the Israel-Iran conflict, and a potential extension of the tariff deadline originally set for July 9 by the US government. A spokesperson from the White House suggested on Thursday that the deadline for reciprocal tariffs might be postponed, although he noted that it would ultimately be up to President Donald Trump to make that decision. President Trump, for his part, indicated that a "great deal" was forthcoming with India, which has heightened investor optimism. Currently, India's negotiation team is in the US working on a trade agreement. Strong domestic fundamentals in India, a proactive Reserve Bank of India (RBI), and favorable monsoon conditions are all contributing to the support of the financial markets. With US markets reaching record highs and the US dollar declining, emerging markets, including India, are poised to gain. On Friday, the Sensex closed at 84,058 points, rising by 303 points, while the Nifty 50 finished at 25,637 points, climbing up by 89 points. Dharmesh Shah, Vice President at ICICI Securities, said Nifty 50 looks poised for a breakout from six weeks consolidation (25,200-24,500) supported by across sector participation. Shah has recommended two stock to buy for short-term. Here's what he expects from Indian stock market next week, along with his stock recommendation. Nifty 50 reclaimed 25,500 mark after eight months, as easing of geopolitical worries bolstered market sentiment globally. Consequently, S&P 500 has approached near its All-Time High levels. Nifty 50 performed in tandem with global peers gaining 2% for the week, at 25,638. Small cap zoomed 4% wherein traction seen in Metal and Capital market, BFSI sectors. The weekly price action formed a sizable bull candle carrying higher high-low, indicating acceleration of upward momentum. Breakout from six weeks consolidation (25,200-24,500) supported by across sector participation makes us confident to believe that index is poised to challenge it's All time high in coming quarter. Meanwhile, from short term perspective immediate hurdle is placed at 25,800. Volatility along the way if any should be used as a buying opportunity as we expect Nifty 50 to hold key support of 24,900. From seasonality perspective, July has been the favourable month for Nifty 50 since 1991, 71% of the time returns have been positive with an average of 2.5%. Structurally, despite geopolitical worries index maintained its higher high-low formation wherein Nifty 50 has merely corrected 3% and now witnessing acceleration of upward momentum. Past four decades history suggest that knee-jerk reactions during geopolitical escalation offers good investment opportunity for medium term perspective rewarding with double digit returns in subsequent three months. We expect, index to maintain the same rhythm. On the broader market front, the Nifty midcap and small cap indices have resumed uptrend after two weeks breather and now just 3-4% away from their life time highs. Meanwhile, northward inching ratio of Nifty 500 / Nifty 100 makes us believe that broader market would continue with its outperformance. Further, current rally is backed by the sturdy market breadth as currently 80% stocks of Nifty 500 universe are trading above their 50 days SMA while 62% of stocks are sustaining above their 200 days SMA, highlighting inherent strength. Our positive bias is further validated by following observations: 1. Outperformance of Bank Nifty continued as it inched upward and clocked fresh All Time High 2. Easing of geopolitical tension has resulted into decline in crude oil prices 3. US Dollar index is sustaining below past two months low of $98 which augurs well for FII's inflow in emerging markets 4. Bilateral Trade Agreement between India and US Dharmesh Shah of ICICI Securities recommends buying Power Finance Corporation Ltd (PFC), and National Aluminium Company Ltd (Nalco) shares this week. Buy PFC shares in the range of ₹ 415-425. He has PFC share price target of ₹ 478 with a stop loss of ₹ 388. Buy Nalco shares in the range of ₹ 186-192. He has Nalco share price target of ₹ 216 with a stop loss of ₹ 174. Disclaimer: The Research Analyst or his relatives or I-Sec do not have actual/beneficial ownership of 1% or more securities of the subject company, at the end of 27/06/2025 or have no other financial interest and do not have any material conflict of interest. The views and recommendations provided in this analysis are those of individual analysts or broking companies, not Mint. We strongly advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and individual circumstances may vary.
