Company Profile

Bajaj Finserv’s wholly owned subsidiary -- Bajaj Finserv Asset Management has launched the Bajaj Finserv Balanced Advantage Fund (BAF), an open-ended dynamic asset allocation fund designed for investors seeking exposure to equity and equity-related instruments, including derivatives and fixed-income instruments. The scheme is opened for subscription on November 24 and will close on December 8. 

Bajaj Finserv BAF uses a unique investment model which combines an approach of behavioural sciences and financial insights. By using this asset allocation technique, investors may seek benefit to navigate market volatility and optimize returns. Rather than using only quantitative models to decide allocation, the Bajaj Finserv AMC investment team analyses behavioural aspect as well, which may help investors earn relatively better returns over long term. 

The primary aim of the Bajaj Finserv Balanced Advantage Fund is to harness the potential upside of equities while mitigating downsides. This is achieved through dynamic portfolio management, encompassing investments in equity, debt, money market instruments, and derivatives. 

Bajaj Finserv has established itself as a financial power house with interests in insurance, lending, asset management and wealth management.

Bajaj Finserv has reported results for second quarter ended September 30, 2023 (Q2FY24). 

The company has reported 55.51% rise in its net profit at Rs 754.34 crore for Q2FY24 as compared to Rs 485.08 crore for the same quarter in the previous year. Total income of the company increased by 47.82% at Rs 1019.07 crore for Q2FY24 as compared Rs 689.42 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 23.90% rise in its net profit at Rs 1928.96 crore for the quarter under review as compared to Rs 1556.93 crore for the same quarter in the previous year. Total income of the company increased by 25.09% at Rs 26022.66 crore for Q2FY24 as compared Rs 20803.33 crore for the corresponding quarter previous year.

Bajaj Finserv’s insurance subsidiary -- Bajaj Allianz General Insurance Company has launched its ‘Sarvatra Bima’ initiative. This pioneering initiative aims to bridge the insurance accessibility and service gap in tier 2 and tier 3 regions of India. It aligns with the company's ‘Har Ghar BAGIC’ mission aimed at reaching insurance products and associated services to every household in the country. Under the ‘Sarvatra Bima’ initiative, a fully functional and equipped van has been mobilized which has been flagged off from Bajaj Allianz General Insurance’s office premises.

The van will reach Kolhapur and will further traverse regions across the Western belt of Maharashtra, connecting with more than 3,500 villages across over 30 Tehsils in these regions. Through this initiative, the company aims to provide the customers of these regions with a comprehensive suite of insurance solutions encompassing health, motor, property, agri, and liability all within arm’s reach. 

The ‘Sarvatra Bima’ initiative aims to establish the company’s tangible presence in tier 2 and tier 3 regions in the country and provide a one-stop solution, where the people will be able to seamlessly fulfill all their insurance-related service requirements. The range of services available includes policy issuance, expert claim assistance, walk-in customer services, and video-based medical evaluation, among others.  

The primary goal is to bring the entire lifecycle of insurance to the doorsteps of rural India, thereby enhancing insurance reach and customer experience. With the use of technology and digital assets, the company aims to expedite all insurance-related services along with on-the-spot claim settlement benefits. Additionally, the initiative seeks to educate people on the importance of insurance and subsequently create awareness of the benefits of insurance.

Bajaj Finserv has established itself as a financial power house with interests in insurance, lending, asset management and wealth management.

Bajaj Finserv is currently trading at Rs. 1561.00, up by 2.00 points or 0.13% from its previous closing of Rs. 1559.00 on the BSE.

The scrip opened at Rs. 1570.00 and has touched a high and low of Rs. 1575.90 and Rs. 1551.70 respectively. So far 20011 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1813.45 on 07-Nov-2022 and a 52 week low of Rs. 1216.10 on 28-Mar-2023.

Last one week high and low of the scrip stood at Rs. 1650.80 and Rs. 1551.70 respectively. The current market cap of the company is Rs. 248752.66 crore.

The promoters holding in the company stood at 60.69%, while Institutions and Non-Institutions held 14.76% and 24.56% respectively.

Bajaj Finserv’s insurance subsidiary -- Bajaj Allianz General Insurance Company has launched its ‘Sarvatra Bima’ initiative. This pioneering initiative aims to bridge the insurance accessibility and service gap in tier 2 and tier 3 regions of India. It aligns with the company's ‘Har Ghar BAGIC’ mission aimed at reaching insurance products and associated services to every household in the country. Under the ‘Sarvatra Bima’ initiative, a fully functional and equipped van has been mobilized which has been flagged off from Bajaj Allianz General Insurance’s office premises.

The van will reach Kolhapur and will further traverse regions across the Western belt of Maharashtra, connecting with more than 3,500 villages across over 30 Tehsils in these regions. Through this initiative, the company aims to provide the customers of these regions with a comprehensive suite of insurance solutions encompassing health, motor, property, agri, and liability all within arm’s reach. 

The ‘Sarvatra Bima’ initiative aims to establish the company’s tangible presence in tier 2 and tier 3 regions in the country and provide a one-stop solution, where the people will be able to seamlessly fulfill all their insurance-related service requirements. The range of services available includes policy issuance, expert claim assistance, walk-in customer services, and video-based medical evaluation, among others.  

The primary goal is to bring the entire lifecycle of insurance to the doorsteps of rural India, thereby enhancing insurance reach and customer experience. With the use of technology and digital assets, the company aims to expedite all insurance-related services along with on-the-spot claim settlement benefits. Additionally, the initiative seeks to educate people on the importance of insurance and subsequently create awareness of the benefits of insurance.

Bajaj Finserv has established itself as a financial power house with interests in insurance, lending, asset management and wealth management.

Bajaj Finserv’s insurance subsidiary -- Bajaj Allianz General Insurance Company has launched its revamped 'Health Prime' Rider which is designed to complement and enhance the company's existing health insurance and personal accident policies. This innovative rider redefines health coverage by offering a suite of benefits to provide holistic healthcare solutions to its customers. Health Prime Rider has 8 plans on an individual basis with premiums ranging from Rs 117 to Rs 24,932 excluding GST and 6 plans on a floater basis with premiums ranging from Rs 2,120 to Rs 30,380 excluding GST.

The revamped Health Prime Rider provides new coverages such as Dental Wellness, Emotional Well-being, Diet and Nutrition Consultations, and Physical Fitness coverage. These coverages are in addition to the already existing covers like Tele-consultation, Doctor Consultation, Investigations (pathology and radiology), and Annual Preventive Health Check-up cover. These benefits can be availed through the ‘Caringly Yours’ app of Bajaj Allianz General Insurance.

Bajaj Finserv has established itself as a financial power house with interests in insurance, lending, asset management and wealth management.