Bajaj Finserv Mutual Fund recently launched its new thematic mutual fund, the Bajaj Finserv Consumption Fund, designed to capitalize on India’s expanding consumer sector. Open for subscription from November 8 to November 22, 2024, this open-ended equity scheme aligns with the growth potential across sectors fueled by domestic consumption, such as FMCG, consumer durables, healthcare, and autos. Investors can begin with a minimum investment of ₹500, with the fund actively managed to seize opportunities in consumption-driven stocks and companies positioned to benefit from India’s consumption boom.
The fund benchmarks against the Nifty India Consumption Total Return Index (TRI), which reflects a broad portfolio of companies representing India’s rising consumption market. Over recent years, sectors tied to domestic demand, such as technology-driven retail, healthcare services, and fast-moving consumer goods, have shown resilience and growth potential. Given India’s youthful demographic, rising disposable incomes, and rapid urbanization, this theme appeals to long-term investors aiming for potential capital appreciation within this strategic growth area.
Fund manager Nimesh Chandan brings extensive experience from top financial institutions, adding a robust layer of market insight and expertise to this initiative. The fund’s structured approach aims for balanced exposure, with a projected 80–100% allocation in equities linked to the consumption theme. Given India’s structural demand, the fund’s diversified investment strategy may attract investors looking to secure returns in line with the anticipated growth in domestic consumption.
This NFO offers an opportunity for investors to participate in the long-term trend of India’s consumption story through a diversified portfolio in a single mutual fund product, making it attractive for those focused on tapping into stable, consumption-driven sectors.
