Bajaj Finserv Asset Management Limited (BFAML) will be the investment manager of the MF business and Ganesh Mohan, who has been a part of Bajaj Finserv for 8 years as group head for corporate strategy, will lead the AMC as CEO.
“The mutual fund business will align with the group’s philosophy of being future-focussed and tech-driven. Coupled with our innovation DNA and a win-win approach for our partners, our business model is focused on creating long-term returns for our investors,” said Ganesh Mohan.
Prior to joining Bajaj Finserv, Ganesh has held various leadership roles, including the one at the Boston Consulting Group (BCG) for 16 years.
“With Ganesh Mohan at the helm, the mutual fund business will inspire a new approach to investing and sustained, long-term wealth creation,” said Sanjiv Bajaj, CMD, Bajaj Finserv.
The leadership team also includes Nimesh Chandan as Chief Investment Officer (CIO). Chandan is an investment professional with over 22 years of experience in Indian capital markets. He has been a part of the mutual fund industry for 17 years.
“The approval from Sebi is strategically important for Bajaj Finserv as it enables the company to complete its suite of financial solutions for retail customers,” Sajiv Bajaj added.
The company said it would create a tech-driven, multi-channel approach to serve investors across various touchpoints and geographies in order to build a future-ready asset management company.
With the addition of mutual funds to its diverse portfolio of businesses, Bajaj Finserv said it now offers the full range of financial services for customers through their life cycle.
“In addition, the mutual fund products will also cater to institutional customers,” the company said in a statement.
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