Bajaj Finserv gets Sebi approval for mutual fund business

Bajaj Finserv has received the final nod from markets regulator Sebi to commence its mutual fund business. Its asset management business has been named Bajaj Finserv Mutual Fund. Ganesh Mohan, who has been part of Bajaj Finserv for eight years and worked as group head - corporate strategy, will take over as the chief executive officer at the fund house. Nimesh Chandan will be the chief investment officer. Chandan was the CIO at Canara Robeco AMC. Bajaj Finserv will be the 43rd player in the Indian mutual fund industry which has assets of ₹40.80 lakh crore. - Our Bureau