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Why should you opt for the Savings+ facility?
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Relatively better returns^
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With the Savings+ facility, you can yield relatively better returns on your surplus money as compared to the regular savings/current account.
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Hassle-free investment
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Invest with Savings+ conveniently through ‘Whatsapp-based buy and redeem transactions.’ Also, there are no additional or hidden charges to avail the Savings+ facility.
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Instant redemption
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With the 'insta redemption' facility, up to Rs.50,000 or 90% of the balance can be redeemed and processed instantly.
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What makes Savings+ an appealing proposition?
Differentiated proposition
- With a regular savings account, investors may not be able to generate inflation-beating returns. To combat this, Bajaj Finserv AMC has introduced Savings+, a unique facility that allows investors to manage their idle money smartly
Return potential
- It helps retail investors determine the surplus cash available in their savings account and invest it into Bajaj Finserv Liquid Fund/Bajaj Finserv Overnight Fund. Liquid funds have generated 6.86%* return as compared to 3% in regular savings account in CY 2023
Insta-redemption
- With Savings+, investors can instantly redeem up to Rs 50,000 within a few seconds
*Liquid Fund Category Average Reg-Growth from 1st Jan 23 to 1st Jan 24 Source: ICRA MFI Average rate of savings account is 3% taken from saving rates of top 3 bank Past performance does not guarantee future returns
^In bank account, returns are fixed, whereas in mutual funds, returns are subject to market risk.
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Frequently Asked Questions (FAQs)
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Liquid and overnight funds primarily invest in money market instruments such as certificates of deposits (CDs), commercial papers (CPs) and government treasury bills. Such a portfolio helps liquid and overnight funds provide high liquidity along with a potential for relatively better returns to investors. For detailed scheme information, click the below links:
Bajaj Finserv Liquid Fund
Bajaj Finserv Overnight Fund
No, there are no transaction charges associated with this facility.
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- Bajaj Finserv Asset Management Limited has been referred to as Bajaj Finserv AMC.
Copyright: All Rights reserved at Bajaj Finserv Asset Management Limited
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