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When Bajaj Finserv MF commenced business in July 23, Ganesh acknowledged that his was the 42^nd MF in the industry, that they were starting from 0 and had their work cut out to build on the credibility of the brand to create a successful AMC by delivering value to all stakeholders. In its first 6 months, the AMC has raced to an AuM of over Rs.6500 crs, moving from 42^nd to 28^th spot in the league table and more importantly, setting the stage for a full roll out of its product suite in ’24,which should see its AuM continue to grow at a rapid clip.

Successful product launches across equity, hybrids and debt followed by continued ongoing flows have marked the fund house’s first 6months. The AMC plans to roll out passive funds, more active strategies and is also looking closely at smart beta offerings. Expect a busy calendar of fund launches in ’24 as the AMC aims to complete its basic suite of products across all asset classes this year.

Ganesh believes it is prudent to expect corrections in this bull market as some pockets have indeed got a bit over-extended. This however remains a buy-the-dip bull market, fuelled by strong macro and micro, especially in a global context where growth visibility is a lot less than India. Investors should continue with the SIPs and goal based plans irrespective of intermittent market volatility as the long term growth trajectory is clearly in place.