January 31, 2024
mayank
Bajaj Finserv Liquid Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 1,040.5791
Weekly NAV IDCW: Rs 1,034.8724
Monthly NAV IDCW: Rs 1,037.5503
NAV IDCW Fortnightly: Rs 1,034.8696
Suitable For Which Investors?
“Liquid funds invest in bonds having maturity of up to three months. They are suitable to park the amount you have set aside to meet any emergency needs or any surplus money that you don’t need for a few weeks up to a year. You can expect to earn better returns than what you would get from a bank account.
The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital. Though rare, there have been few instances when liquid funds have incurred losses.
Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
The scheme seeks to provide a level of income consistent with the objectives of preservation of capital, lower risk and high liquidity through investments made primarily in money market and debt securities with maturity of up to 91 days only.
Fund Manager:
1) Nimesh Chandan
Education: Mr. Chandan is an MBA in Finance.
Experience: He has good years of experience in capital markets. 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.
2) Siddharth Chaudhary
Education: Mr. Chaudhary is a B.Com (H) and PGDM (Securities Markets).
Experience: Prior to joining Bajaj Finserv Mutual Fund, he has worked with Sundaram Mutual Fund and Indian Bank.
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | 1 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0.007% for redemption Within 1 day |
| 0.0065% for redemption After 1 day and Within 2 days | |
| 0.006% for redemption After 2 days and Within 3 days | |
| 0.0055% for redemption After 3 days and Within 4 days | |
| 0.005% for redemption After 4 days and Within 5 days | |
| 0.0045% for redemption After 5 days and Within 6 days |
Basic Details of Bajaj Finserv Liquid Fund
| Fund House | Bajaj Finserv Mutual Fund |
| Launch Date | 05-Jul-23 |
| Return Since Launch | 4.06% |
| Benchmark | NIFTY Liquid Index B-I |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 1,707 Cr |
| (As on 31-Dec-2023) | |
| Expense | 0.11% |
| (As on 31-Dec-2023) | |
| Risk Grade | — |
| Return Grade | — |
Trailing Returns (%) of Bajaj Finserv Liquid Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Bajaj Finserv Liquid Dir | 0.60 | 0.02 | 0.62 | 1.83 | 3.58 | — | — | — | — | — |
| CCIL T Bill Liquidity Weight | 0.37 | 0.05 | 0.37 | 1.16 | 2.19 | — | — | — | — | — |
| Debt: Liquid | 0.59 | 0.02 | 0.61 | 1.80 | 3.54 | — | — | — | — | — |
| Rank within category | 3 | 32 | 9 | 2 | 4 | — | — | — | — | — |
| Number of funds in category | 36 | 37 | 36 | 36 | 36 | 35 | 34 | 33 | 30 | 29 |
Peer Comparison of Bajaj Finserv Liquid Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| Bajaj Finserv Liquid Dir | Unrated | — | — | — | 0.11 | 1,707 | 4.06 | 0.01 (1) | 6M |
| ABSL Liquid Dir | 5 star | 7.27 | 5.28 | 5.33 | 0.21 | 34,052 | 6.88 | 0.01 (1) | 11Y |
| Axis Liquid Dir | 4 star | 7.20 | 5.26 | 5.28 | 0.17 | 21,837 | 6.84 | 0.01 (1) | 11Y |
| UTI Liquid Dir | 4 star | 7.20 | 5.25 | 5.27 | 0.18 | 20,516 | 6.80 | 0.01 (1) | 11Y |
| Mirae Asset Liquid Dir | 4 star | 7.20 | 5.26 | 5.27 | 0.12 | 8,304 | 6.66 | 0.01 (1) | 11Y |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 43 | 55 |
| Macaulay Duration (yrs) | 0.14 | 0.13 |
| Average Maturity (yrs) | 0.14 | 0.12 |
| Yield to Maturity (%) | 7.45 | 7.32 |
| Avg Credit Rating | AAA | — |
How to Invest in Bajaj Finserv Liquid Fund?
Chanakya’s Mutual Fund Guidance For Bajaj Finserv Liquid Fund
Apply Online: https://invest.bajajamc.com/mutual-fund/pan-entry or https://www.bajajamc.com/#bfl-explore-mutualfund
>> Post your MF questions @ sahifund.com/ask-me/
>> NFO Guidance:
https://sahifund.com/category/nfos/
>> Chanakya’s Mutual Fund Guidance on YouTube
https://www.youtube.com/c/ChanakyaNiPothi
>> Join Chanakya MF’s Telegram Channel @
https://t.me/chanakyaMFGuidance
Quicklinks