Investment Objective and Approach

The scheme aims to provide reasonable returns commensurate with low risk and high level of liquidity through investments made primarily in overnight securities having maturity of 1 business day. Bajaj Finserv Overnight Fund is an open-ended scheme investing in debt, money market instruments and cash and cash equivalents with a maturity of one day.

The fund follows a conservative investment approach designed for capital preservation and liquidity. The very short maturity of the underlying securities can mitigate the interest and credit rate risk of the fund while providing high liquidity. Bajaj Finserv Overnight Fund can be a suitable option for investors seeking regular income over the short term that may be in line with the overnight call rates.

Key Investment Details (as of latest available data):

- Asset Under Management (AUM): ₹233.31 crores as on December 29, 2024

- Expense Ratio: 0.13%

- Minimum Investment: ₹100 for lump sum and ₹1,000 for SIP

- 1-year returns: 6.66%

The fund offers insta redemption facility, where up to Rs.50,000 or 90% of your balance, whichever is lesser, can be redeemed instantly.

Fund Managers

The Bajaj Finserv Overnight Fund is managed by experienced professionals with deep expertise in fixed income markets:

Siddharth Chaudhary - Senior Fund Manager, Fixed Income. Siddharth Chaudhary has 17 years of experience in fixed-income markets, of which 12 years are in the Asset Management Industry and 4 years at the interest rate desk in the bank treasury. Prior to joining Bajaj Finserv Mutual Fund, he had been with Canara Robeco MF, ICICI Prudential MF, SBI MF and Aditya Birla Sun Life AMC as fund manager and has also worked with Stratcap Securities and Darashaw and Company. Mr. Chaudhary is a B.Com (H) and PGDM (Securities Markets).

Nimesh Chandan - Nimesh Chandan is an investment professional with more than 22 years of experience in investing in the Indian capital markets. Previously as Head of Investments (Canara Robeco AMC), he was responsible for all Equity Business wherein he oversaw equity assets of Rs. 400 Bn and advised Robeco funds on their India exposure of Rs. 350 Bn. Nimesh is a keen follower of Behavioral Finance and has been writing and presenting on the role of psychology in investment decision-making to the investment community.

About the Fund House (AMC)

Bajaj Finserv Limited launched its wholly-owned subsidiary, Bajaj Finserv Asset Management Limited, to enter the mutual funds industry. Supported by one of India's oldest and most reputable brands, this AMC offers a variety of unique products and diverse investment schemes. In March 2023, SEBI granted approval for Bajaj Finserv Asset Management Limited to begin its mutual fund business operations under the name Bajaj Finserv Mutual Fund.

The AMC operates on the INQUBE investment philosophy, which combines informational, quantitative, and behavioural edge. Behavioural managers try to exploit situations where securities are mispriced by the market because of behavioural factors. At Bajaj Finserv AMC, we endeavour to combine the best of these edges to deliver superior risk-adjusted returns.

BFAML provides investment options across equity, fixed income, and hybrid categories, making portfolio diversification easy and hassle-free for all investors. Bajaj Finserv Asset Management Limited has filed multiple schemes with the Securities and Exchange Board of India (SEBI) that includes the liquid fund, overnight fund, money market fund, flexi cap, arbitrage fund, balanced advantage fund, large and mid-cap fund, etc.

Should I Invest in Bajaj Finserv Overnight Fund?

The Bajaj Finserv Overnight Fund may be suitable for investors seeking:

Ideal for:

- Short-term parking of funds: Overnight funds may be suitable for short-term financial goals like parking surplus funds or meeting short-term financial obligations.

- Emergency fund maintenance: Ideal for maintaining emergency corpus with better returns than savings accounts

- Corporate treasury management: Suitable for businesses looking to optimize idle cash

- Risk-averse investors: Perfect for those prioritizing capital preservation over high returns

Key Benefits:

- Low Risk Profile: Risk profile - Low to moderate

- High Liquidity: Instant redemption facility up to specified limits

- Minimal Interest Rate Risk: One-day maturity securities reduce duration risk

- Cost Effective: Low expense ratio of 0.13%

Considerations:

- Returns may be modest compared to longer duration funds

- Suitable primarily for short-term investment horizons

- Performance may vary with overnight rates and market liquidity conditions

The fund is particularly suitable for investors who want to earn better returns than traditional savings accounts while maintaining high liquidity and minimal risk exposure.

FAQs

What is today's NAV of Bajaj Finserv Overnight Fund?

The NAV is updated daily after market hours. You can check the current NAV on the fund's official page or through Allvest platform for real-time information.

What is the AUM of Bajaj Finserv Overnight Fund?

The fund has an Asset Under Management (AUM) of ₹233.31 crores as on December 29, 2024.

What is the expense ratio of Bajaj Finserv Overnight Fund?

The fund has an expense ratio of 0.13%, which is quite reasonable as compared to most other LIQUID mutual fund schemes.

What are the returns of Bajaj Finserv Overnight Fund since inception?

This fund has been launched on 06-07-2023. The 1-year returns of this fund were 6.66%. Since inception returns may vary with market conditions.

What is the minimum SIP amount to invest in Bajaj Finserv Overnight Fund?

The minimum SIP amount for Bajaj Finserv Overnight Fund is ₹1,000.

How do I invest in Bajaj Finserv Overnight Fund?

You can invest through Allvest platform online by completing your KYC, selecting the fund, choosing investment amount, and making payment through various digital modes.

How to start a SIP in Bajaj Finserv Overnight Fund?

Log into Allvest, select Bajaj Finserv Overnight Fund, choose 'Start SIP', set your monthly amount (minimum ₹1,000), select frequency and date, then complete the investment process.

How do I automate an SIP in Bajaj Finserv Overnight Fund?

Set up auto-debit mandate during SIP registration on Allvest platform. This will automatically deduct the SIP amount from your linked bank account on the chosen date each month.

How can I withdraw/redeem my investment in Bajaj Finserv Overnight Fund?

The fund offers insta redemption, where up to Rs.50,000 or 90% of your balance, whichever is lesser, can be redeemed instantly. For larger amounts, standard redemption takes 1-2 working days through Allvest platform.