Bajaj Finserv will Venture into Asset Management! - Thread (1/5)
It has applied for a license to create an asset management firm & is waiting for approval from the SEBI. Bajaj Finserv’s consolidated profit after tax fell 31.5 percent year on year to Rs 833crore in Q1FY22, while overall revenue fell 1.7 percent to Rs 13,949crore (2/5)
According to Bajaj, they plan to establish mutual funds initially, followed by portfolio management services. He claimed the company would use the digital platform to create low-cost, high-value services. (3/5)
Bajaj Finserv Health, which mixes technology, healthcare, and financial services for business and individual customers, is the company’s first entry into health tech. (4/5)
Read here: tradebrains.in/features/bajaj…
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