InvestorQ : Has Bajaj Finserv got approval to float a mutual fund?
Moii Chavate made post

Has Bajaj Finserv got approval to float a mutual fund?

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Tisha Malhotra answered.
4 months ago
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That is correct, Bajaj Finserv has been given in-principle approval by SEBI to sponsor a mutual fund. However, its mutual fund plans are not still known. The stock has rallied 42% in the last 3 months while Nifty gained just 10%, a clear outperformer. While the Indian mutual fund space is crowded with more than 40 players, Bajaj Finserv would look to leverage its vast retail customer network and AMCs get good valuations anyways.

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