Bajaj Finserv gets license to start mutual fund business

The Securities and Exchange Board of India (Sebi) gave the non-banking financial services behemoth Bajaj Finserv permission to launch its mutual fund operations.

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The new AMC will provide a variety of products, including equities, debt, hybrid mutual funds, active and passive funds, and more.

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According to the RBI's 2016 Core Investment Rules, Bajaj Finserv Ltd is a non-registered Core Investment Company (CIC).

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