Bajaj Finserv AMC launches first equity scheme in flexi-cap category

Bajaj Finserv Asset Management has launched the first equity scheme in the flexible capital category, where the fund manager can choose to invest in companies across the market capitalization spectrum. The New Fund Offering (NFO) for the Bajaj Finserv Flexi Cap Fund opens on July 24 and closes on August 7.

Flexicap Fund will be managed by the “Megatrend” strategy.

“Discovering Megatrends paves the way for long-term buy-and-hold investment opportunities, and this is the key difference between cyclical, objective and factor investing. Our portfolio will be long-term, multi-theme, multi-capital, multi-sector and growth-oriented,” Nimish Chandan, Chief Investment Officer, Bajaj Finserv Asset Management.

UTI MF launches Balanced Benefits Fund

UTI Mutual Fund on Friday launched a balanced benefit fund, a type of hybrid fund where fund managers dynamically make equity and debt allocations based on stock market valuations and fundamentals.

The New Fund Offering (NFO) for the UTI Balanced Advantage Fund opened on July 12 and will close on August 4.

For most investors who invest through mutual funds, the challenge is dealing with volatility. They all know the reasons why they should invest in stocks and want to participate in creating wealth through stocks but they don’t quite know how to handle the ups and downs that come with the journey. “Investors need a framework for asset allocation and a rebalancing mechanism,” said Vetri Subramaniam, Chief Investment Officer, UTI AMC.