Bajaj Finserv gets Sebi's approval to foray into mutual fund business

Ganesh Mohan named CEO, Nimesh Chandan to head investment team

Bajaj Finserv has secured the final approval from the Securities and Exchange Board of India (SEBI) to foray into the mutual fund (MF) business.

The final approval comes more than a year after getting Sebi's in-principle approval to set up a fund house. Since the approval in August 2021, the company has been working to build investment and sales teams.

In January 2022, Bajaj Finserv hired Canara Robeco MF's equity head Nimesh Chandan to lead the investment team. The company also roped in Aniruddha Chaudhuri from ICICI Prudential AMC to head the sales team.

The company has appointed Ganesh Mohan