Bajaj Finserv Asset Management Company (AMC) has launched the Bajaj Finserv Consumption Fund, an open-ended equity scheme aimed at capturing emerging trends in India’s consumption sector. Subscriptions will open on 8th November, with the New Fund Offer (NFO) period closing on 22nd November 2024.The fund focuses on investing in sectors likely to benefit from rising consumer demand, including FMCG, automobiles, consumer durables, healthcare, and telecom. Positioned to leverage India’s expanding consumption base, the fund is benchmarked against the Nifty India Consumption Total Return Index (TRI), reflecting a comprehensive mix of consumption-driven companies.
According to Ganesh Mohan, CEO of Bajaj Finserv AMC, “India’s consumption pattern is undergoing a shift fueled by higher incomes and urbanization. This fund provides an opportunity for investors to tap into sectors that stand to gain significantly in the years ahead.” Additionally, Bajaj Finserv AMC’s recent study indicates India’s per-capita income is projected to exceed $3,000 by 2025, supported by a growing middle class and increased consumer spending.
Guwahati, mirroring broader consumption trends in India, has seen a significant uptick in demand for consumer goods, realty, and healthcare services. With rising disposable incomes and urban development, Guwahati is expected to be a key growth area for sectors aligned with consumption-driven investments, making it an attractive region for the Bajaj Finserv Consumption Fund’s portfolio. Managed by a skilled team led by CIO Nimesh Chandan, the fund requires a minimum investment of ₹500, with both growth and IDCW options available, catering to diverse investor goals.
