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Short Duration Funds


Short duration funds are a popular investment choice for those looking for stability, moderate returns, and lower interest rate risks. Read more..These funds invest in short-term debt instruments, making them an ideal option for individuals seeking a balance between safety and growth. Let us explore what short-duration funds are, how they work, and whether they are the right fit for your investment portfolio. Read less

Short Duration Funds List

Name
AUM
1Y Returns

ICICI Pru Short Term Fund (IDCW-M)

Debt|Short Duration Fund

Buy

 ₹21315.53 cr. 9.22%

ICICI Pru Short Term Fund (G)

Debt|Short Duration Fund

Buy

 ₹21315.53 cr. 9.24%

Tata Short Term Bond Fund - (IDCW-Periodic)

Debt|Short Duration Fund

Buy

 ₹3397.27 cr. 8.93%

Tata Short Term Bond Fund - (IDCW-M)

Debt|Short Duration Fund

Buy

 ₹3397.27 cr. 8.94%

Tata Short Term Bond Fund - (G)

Debt|Short Duration Fund

Buy

 ₹3397.27 cr. 8.93%

Tata Short Term Bond Fund - (IDCW-Periodic) - Reinvestment

Debt|Short Duration Fund

Buy

 ₹3397.27 cr. 8.93%

ICICI Pru Short Term Fund (IDCW-M)

Debt|Short Duration Fund

Buy

 ₹21315.53 cr. 9.22%

Aditya Birla SL Short Term Fund (IDCW) - Payout

Debt|Short Duration Fund

Buy

 ₹8761.41 cr. 9.50%

Aditya Birla SL Short Term Fund (IDCW) - Reinvestment

Debt|Short Duration Fund

Buy

 ₹8761.41 cr. 9.50%

Aditya Birla SL Short Term Fund (IDCW-Q) - Payout

Debt|Short Duration Fund

Buy

 ₹8761.41 cr. 9.50%
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What is a Short Duration Fund?

A short duration fund is a type of mutual fund that primarily invests in debt securities with relatively short maturities. These funds typically have a duration ranging from one to three years, offering a moderate-risk investment option compared to long-term bond funds.

Short duration funds are sometimes referred to as short-term bond funds due to their investment strategy. They generate income by investing in money market instruments such as treasury bills, commercial papers, certificates of deposits, and government bonds. The goal is to provide investors with steady returns while managing interest rate fluctuations.

 

How Does a Short Duration Fund Work?

Short duration funds operate by strategically investing in short-term fixed-income securities, ensuring stability and liquidity for investors. Here’s how they work:

  • Investment in Short-Term Securities – Fund managers allocate investments in government and corporate bonds, treasury bills, and money market instruments with short maturities (typically between 15 days to 91 days).
  • Interest Rate Sensitivity – These funds aim to minimise interest rate risk by maintaining a lower duration, making them less volatile compared to long-term debt funds.
  • Income Generation – Investors earn returns primarily from interest income generated by the underlying debt instruments. Some funds also distribute periodic dividend payments.
  • Capital Appreciation – While short-duration funds are primarily income-generating, they may offer capital appreciation when bond prices rise due to falling interest rates.

 

What are the Features of Short Duration Fund?

Short duration funds come with several unique features that make them an attractive investment option for investors seeking stability and returns over a short-term horizon. Below are the key features of short duration funds:

  • Lower Interest Rate Risk - Short duration funds are less sensitive to interest rate fluctuations compared to long-duration bond funds. This means that when interest rates rise, the decline in bond prices is less pronounced for short-duration funds, making them a safer option for conservative investors.
  • Potential for Higher Returns - While short duration funds offer stability, they also provide better returns than money market funds or ultra-short duration funds. This makes them a suitable choice for investors looking for a balance between safety and potential earnings.
  • Income Generation - These funds generate income primarily through interest payments from the underlying debt instruments. Investors can receive this income in the form of periodic dividend payouts or as accumulated returns over time.
  • Diversification - Short duration funds invest in a mix of government and corporate bonds, treasury bills, and money market instruments. This diversification helps in reducing overall risk while ensuring steady returns.
  • Liquidity - Investors can redeem their investments in short duration funds relatively easily. The liquidity of these funds ensures that investors can exit their positions without facing significant market impact or loss.
  • Tax Efficiency - Short duration funds may be more tax-efficient than traditional savings accounts or fixed deposits. Gains from these funds are taxed based on the holding period, with indexation benefits available for long-term holdings exceeding three years.

 

Types of Short Duration Fund

Short duration funds can be categorised into different types based on their investment strategies and risk levels. Below are the common types of short duration funds:

  • Government Bond Short Duration Funds - These funds primarily invest in government bonds with short maturity periods. Since government bonds have negligible credit risk, they provide a stable and secure investment avenue.
  • Corporate Bond Short Duration Funds - These funds focus on high-quality corporate bonds with short maturities. They may offer slightly higher returns compared to government bond funds but come with a marginally higher credit risk.
  • Floating Rate Short Duration Funds - Floating rate short duration funds invest in bonds with variable interest rates. These funds adjust their returns based on prevailing market interest rates, making them suitable for investors seeking protection against interest rate fluctuations.
  • Credit Risk Short Duration Funds - These funds invest in lower-rated corporate bonds to provide higher returns. While they carry increased credit risk, they also offer greater earning potential for investors with a higher risk appetite.
  • Banking & PSU Short Duration Funds - These funds primarily invest in debt instruments issued by banks, public sector undertakings (PSUs), and financial institutions. They are relatively low-risk and offer stable returns.
  • Ultra-Short Duration Funds - Ultra-short duration funds have an even shorter maturity period than standard short duration funds, usually ranging between three to six months. They offer high liquidity and are ideal for investors looking for quick returns with minimal risk.
  • Dynamic Bond Short Duration Funds - These funds adjust their investment portfolio based on changing interest rate scenarios. They provide flexibility to fund managers to modify the duration of investments based on market conditions, optimising returns while managing risk.

 

Who Should Invest in Short Duration Funds?

Short-duration funds are suitable for a variety of investors depending on their financial goals, risk tolerance, and investment horizon. If you fall into any of the following categories, short-duration funds may be a good option for you:

  • Income-Oriented Investors – If you are looking for consistent returns from your investments, short-duration funds can be appealing. These funds typically offer better returns than savings accounts or money market funds, making them a suitable choice for generating income.
  • Risk-Averse Investors – If you prefer a balanced approach that provides safety while also offering potential gains, short-duration funds can be an ideal investment. They are less susceptible to interest rate fluctuations compared to longer-term bond funds, making them a good option for conservative investors.
  • Investors with Short- to Medium-Term Goals – If you are saving for a short- to medium-term financial goal, such as a child’s education or a down payment on a home, short-duration funds provide a balance between capital preservation and potential returns.

 

How to Invest in Short Duration Funds?

Investing in short-duration funds through Bajaj Broking is a simple process. Follow these steps to get started:

  1. Log in to Your Bajaj Broking Account
    • Visit the Bajaj Broking website or app and log in using your registered mobile number.
    • Enter the OTP for verification and use your credentials to access your account.
    • If you do not have a Demat account, you can open one by completing the KYC (Know Your Customer) process and submitting the required documents.
  2. Choose the Right Short Duration Fund
    • Navigate to the mutual fund section of Bajaj Broking.
    • Search for the specific short-duration fund you want to invest in or explore recommendations based on your financial goals.
    • Evaluate the fund’s past performance, tax implications, asset allocation, and the sectors it invests in.
    • Use available tools like return calculators to estimate potential earnings.
    • Check the fund’s risk level and compare it to your risk appetite.
    • Review fund ratings and the expense ratio to understand investment costs.
  3. Invest in the Selected Fund
    • Once you have selected your fund, proceed to the investment section.
    • Decide whether you want to invest a lump sum amount or opt for a Systematic Investment Plan (SIP) for regular contributions.
    • Enter the amount you wish to invest and select your preferred payment method (UPI, net banking, etc.).
    • If opting for SIP, you can set up a mandate for automatic future instalments for seamless investing.


By following these steps, you can easily invest in short-duration funds and start building your wealth while managing risk effectively.

 

Advantages of Investing in Short Duration Funds

Short duration funds offer several advantages, making them a preferred investment choice for individuals seeking stable returns with moderate risk. Here are some key benefits of investing in short duration funds:

  • Higher Yield Than Money Market Funds - Short duration funds typically offer higher yields compared to money market funds or savings accounts. This makes them an attractive option for investors looking for better returns while maintaining a low-risk profile.
  • Lower Interest Rate Risk - Unlike long-duration bond funds, short duration funds are less sensitive to interest rate fluctuations. Their shorter maturity period helps mitigate interest rate risks, making them a suitable option, especially when interest rates are expected to rise.
  • Potential for Higher Returns - While offering stability, short duration funds also provide relatively higher returns compared to ultra-short-duration funds or money market instruments. This makes them an effective investment option for those seeking a balance between safety and yield.
  • Income Generation - Short duration funds generate regular income for investors through interest payments received from underlying debt instruments. Investors can opt for periodic dividend payouts or allow the income to be reinvested for compounded growth.
  • Reduced Volatility - Compared to longer-duration bond funds, short duration funds exhibit lower price volatility. While they are not completely immune to market fluctuations, they offer a degree of stability, making them ideal for risk-averse investors.
  • Tax Efficiency - Short duration funds can be more tax-efficient compared to fixed deposits. If held for over three years, they qualify for long-term capital gains tax benefits, including indexation, which reduces overall tax liability.

 

Risks Involved in Short Duration Funds

While short duration funds provide a balanced investment approach, they are not entirely risk-free. Here are some key risks associated with these funds:

  • Interest Rate Risk – Short duration funds are exposed to interest rate fluctuations. If interest rates rise, the prices of existing bonds in the fund’s portfolio may decline, leading to potential capital losses. However, the risk is lower compared to long-duration bond funds.
  • Credit Risk – These funds invest in various debt securities, including corporate bonds. There is a risk that the issuers of these securities may default on interest or principal payments, impacting the fund’s performance.
  • Liquidity Risk – While generally considered liquid, certain bonds in the fund’s portfolio may become less liquid in adverse market conditions. This could make it challenging for the fund manager to sell them at favourable prices.
  • Market Risk – Economic downturns or financial market instability may impact the performance of short duration funds, causing fluctuations in returns.
  • Inflation Risk – While short duration funds provide moderate returns, inflation may erode the real value of returns over time, especially if interest rates remain low.
  • Tax Implications – Investors should consider the tax treatment of these funds. Short-term capital gains (if held for less than three years) are taxed as per the investor’s income tax slab, which may reduce net returns.

 

Factors to Consider Before Investing in Short Duration Fund

Before investing in short duration funds, it is essential to evaluate various factors to ensure they align with your financial goals and risk appetite. Here are key considerations to keep in mind:

  • Define Your Investment Goals and Time Horizon
    • Short duration funds are ideal for those looking for investment options between 1 to 3 years.
    • Investors should determine whether they seek short-term income, capital preservation, or a combination of both before committing funds.
  • Analyse Your Risk Appetite
    • While short duration funds are relatively low-risk compared to long-duration bond funds, they are not entirely risk-free.
    • Investors must assess their risk tolerance and be prepared for potential fluctuations in returns due to interest rate movements.
  • Understand the Fund’s Investment Strategy
    • Different short duration funds may have varying allocations in government bonds, corporate debt, and money market instruments.
    • Reviewing the fund’s investment strategy helps investors select a scheme that matches their risk-return preferences.
  • Review the Fund’s Performance and Holdings
    • Evaluating past performance can provide insights into how the fund has managed interest rate fluctuations.
    • Analysing the fund’s holdings, including the quality of debt instruments, ensures that investments are in credible securities with minimal credit risk.
  • Consider Expense Ratios and Exit Loads
    • Expense ratios impact overall returns, making it important to compare costs among similar funds.
    • Some funds may have exit loads for early withdrawals, so investors should review the terms before investing.
  • Assess Liquidity Needs
    • While short duration funds offer a degree of liquidity, certain instruments within the portfolio may be less liquid during market downturns.
    • Investors should ensure their liquidity requirements align with the investment horizon of the chosen fund.
  • Tax Implications
    • Investors should be aware of the tax treatment of short duration funds, particularly the distinction between short-term and long-term capital gains taxation.

 

Taxability of Short Duration Fund

Understanding the tax implications of short duration funds is crucial before making an investment decision. Here is a breakdown of how these funds are taxed in India:

  • Short-Term Capital Gains (STCG)
    • If an investor holds units of a short duration fund for less than three years, any profits earned are considered short-term capital gains (STCG).
    • STCG is taxed as per the investor’s applicable income tax slab rate.
  • Long-Term Capital Gains (LTCG)
    • If the investment is held for more than three years, gains are classified as long-term capital gains (LTCG).
    • LTCG on debt mutual funds, including short duration funds, is taxed at 20% with indexation benefits.
  • Tax Efficiency Compared to Fixed Deposits
    • Short duration funds offer tax advantages over fixed deposits, particularly for investors in higher tax brackets.
    • The indexation benefit available on LTCG helps reduce taxable gains, resulting in lower tax outgo.
  • Tax Deducted at Source (TDS)
    • Unlike fixed deposits, where TDS is deducted if interest income crosses a threshold, mutual funds do not deduct TDS on capital gains.
    • Investors must declare gains in their tax returns and pay applicable taxes.
  • Dividend Taxation
    • Dividends from mutual funds are added to the investor’s income and taxed at their respective income tax slab rate.
    • Investors in higher tax brackets may find growth-oriented schemes more tax-efficient than dividend options.

 

Popular Short Duration Funds in India

Short-duration funds are an attractive investment option for those looking for stable returns with moderate risk over a short investment horizon. These funds primarily invest in high-quality debt securities and money market instruments, ensuring liquidity and stability. Below is a table highlighting the top short-duration funds in India based on their 3-year CAGR as of January 8, 2025:

Top 5 Short Duration Funds to Invest in

Fund Name

AUM (in ₹ crores)

Expense Ratio (%)

CAGR 3Y (%)

Absolute Returns 1-Year (%)

Bank of India Short Term Income Fund

84.91

0.45

14.21

9.89

ICICI Pru Short Term Fund

19,700.32

0.45

7.41

8.53

Aditya Birla SL Short Term Fund

8,598.66

0.38

7.11

8.8

UTI Short Duration Fund (Q-IDCW)

2,610.25

0.43

6.84

8.47

Axis Short Duration Fund

8,878.51

0.36

6.84

8.7

Note: The above-mentioned funds are for informational purposes only and are not recommendations. Returns are based on data as of January 8, 2025, and are subject to change.

  1. Bank of India Short Term Income Fund
    • Offers a yield to maturity of 7.17% with an expense ratio of 0.45%.
    • Provides a Sharpe ratio of 2.72, indicating moderate risk-adjusted returns.
    • Managed by Bank of India Investment Managers with over 14 years of experience.
    • Minimum lump sum investment required: ₹5000.
    • No exit load, ensuring easy liquidity.
  2. ICICI Pru Short Term Fund
    • Provides a yield to maturity of 7.79% and a Sharpe ratio of 6.60, indicating strong risk-adjusted returns.
    • Managed by ICICI Prudential AMC, a joint venture between ICICI Bank and Prudential Plc.
    • Invests in debt and money market instruments, balancing returns and stability.
    • Minimum lump sum investment required: ₹5000.
    • No exit load.
  3. Aditya Birla SL Short Term Fund
    • Features an expense ratio of 0.38% and a yield to maturity of 7.65%.
    • Offers a Sharpe ratio of 6.04, ensuring favourable risk-adjusted returns.
    • Managed by Aditya Birla Sun Life AMC, a joint venture between Aditya Birla Group and Sun Life Financial.
    • Minimum lump sum investment required: ₹5000.
    • No exit load.
  4. UTI Short Duration Fund (Q-IDCW)
    • Provides a yield to maturity of 7.51% and has an expense ratio of 0.43%.
    • Its Sharpe ratio of 6.75 indicates excellent risk-adjusted performance.
    • Managed by UTI AMC, investing in short-duration debt instruments.
    • Minimum lump sum investment required: ₹5000.
    • No exit load, ensuring flexibility.
  5. Axis Short Duration Fund
    • Offers a yield to maturity of 7.52% and has an expense ratio of 0.36%.
    • Boasts a Sharpe ratio of 6.41, indicating good risk-adjusted returns.
    • Managed by Axis AMC, a subsidiary of Axis Bank.
    • Minimum lump sum investment required: ₹5000.
    • No exit load.

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ADDITIONAL DISCLAIMER FOR U.S. PERSONS

Bajaj Financial Securities Limited is not a registered broker-dealer under the U.S. Securities Exchange Act of 1934, as amended (the"1934 act") and under applicable state laws in the United States. In addition, Bajaj Financial Securities Limited is not a registered investment adviser under the U.S. Investment Advisers Act of 1940, as amended (the "Advisers Act" and together with the 1934 Act, the "Acts), and under applicable state laws in the United States. Accordingly, in the absence of specific exemption under the Acts, any brokerage and investment services provided by Bajaj Financial Securities Limited, including the products and services described herein are not available to or intended for U.S. persons. This email message does not constitute an offer or invitation to purchase or subscribe for any securities or solicitation of any investments or investment services and/or shall not be considered as an advertisement tool. "U.S. Persons" are generally defined as a natural person, residing in the United States or any entity organized or incorporated under the laws of the United States. US Citizens living abroad may also be deemed "US Persons" under certain rules.  

ADDITIONAL DISCLAIMER FOR CANADIAN PERSONS

Bajaj Financial Securities Limited is not a registered adviser or dealer under applicable Canadian securities laws nor has it obtained an exemption from the adviser and/or dealer registration requirements under such law. Accordingly, any brokerage and investment services provided by Bajaj Financial Securities Limited, including the products and services described herein are not available to or intended for Canadian persons.  

This mailer and its respective contents do not constitute an offer or invitation to purchase or subscribe for any securities or solicitation of any investments or investment services.  

DISCLAIMER FOR REPORT

DISCLOSURES UNDER THE PROVISIONS OF SEBI (RESEARCH ANALYSTS) REGULATIONS 2014 (REGULATIONS)

Bajaj Financial Securities Limited ("Bajaj Broking" or "Research Entity") is regulated by the Securities and Exchange Board of India ("SEBI") and is licensed to carry on the business of broking, depository services and related activities.  

This Report has been prepared by Bajaj Financial Securities Limited in the capacity of a Research Analyst having SEBI Registration No. INH000010043 and distributed as per SEBI (Research Analysts) Regulations 2014. This report does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. The information contained herein is from publicly available data or other sources believed to be reliable. This report is provided for assistance only and is not intended to be and must not alone be taken as the basis for an investment decision. The user assumes the entire risk of any use made of this information. Each recipient of this report should make such investigation as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should consult his own advisors to determine the merits and risks of such investment. The investment discussed or views expressed may not be suitable for all investors.  

This information is strictly confidential and is being furnished to you solely for your information. This information should not be reproduced or redistributed or passed on directly or indirectly in any form to any other person or published, copied, in whole or in part, for any purpose. This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject Bajaj Financial Securities Limited and associates / group companies to any registration or licensing requirements within such jurisdiction. The distribution of this report in certain jurisdictions may be restricted by law, and persons in whose possession this report comes, should observe, any such restrictions. The information given in this report is as of the date of this report and there can be no assurance that future results or events will be consistent with this information. This information is subject to change without any prior notice. Bajaj Financial Securities Limited reserves the right to make modifications and alterations to this statement as may be required from time to time. Bajaj Financial Securities Limited or any of its associates / group companies shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report. Bajaj Financial Securities Limited is committed to providing independent and transparent recommendation to its clients. Neither Bajaj Financial Securities Limited nor any of its associates, group companies, directors, employees, agents or representatives shall be liable for any damages whether direct, indirect, special or consequential including loss of revenue or lost profits that may arise from or in connection with the use of the information. Our proprietary trading and investment businesses may make investment decisions that are inconsistent with the recommendations expressed herein. Past performance is not necessarily a guide to future performance .The disclosures of interest statements incorporated in this report are provided solely to enhance the transparency and should not be treated as endorsement of the views expressed in the report. The information provided in these reports remains, unless otherwise stated, the copyright of Bajaj Financial Securities Limited. All layout, design, original artwork, concepts and other Intellectual Properties, remains the property and copyright of Bajaj Financial Securities Limited and may not be used in any form or for any purpose whatsoever by any party without the express written permission of the copyright holders.  

We offer our research services to clients as well as our prospects. Though this report is disseminated to all the customers simultaneously, not all customers may receive this report at the same time. We will not treat recipients as customers by virtue of their receiving this report.  

Bajaj Financial Securities Limited and its associates, officer, directors, and employees, research analyst (including relatives) worldwide may: (a) from time to time, have long or short positions in, and buy or sell the securities thereof, of company(ies), mentioned herein or (b) be engaged in any other transaction involving such securities and earn brokerage or other compensation or act as a market maker in the financial instruments of the subject company/company(ies) discussed herein or act as advisor or lender/borrower to such company(ies) or have other potential/material conflict of interest with respect to any recommendation and related information and opinions at the time of publication of research report or at the time of public appearance. Bajaj Financial Securities Limited may have proprietary long/short position in the above-mentioned scrip(s) and therefore should be considered as interested. The views provided herein are general in nature and do not consider risk appetite or investment objective of any particular investor; readers are requested to take independent professional advice before investing. This should not be construed as invitation or solicitation to do business with Bajaj Financial Securities Limited.  

Bajaj Financial Securities Limited or its associates may have received compensation from the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates may have managed or co-managed public offering of securities for the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates may have received compensation for investment banking or merchant banking or brokerage services from the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates may have received any compensation for products or services other than investment banking or merchant banking or brokerage services from the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates have not received any compensation or other benefits from the Subject Company or third party in connection with the research report. Research analyst or his/her relative or Bajaj Financial Securities Limited’s associates may have financial interest in the subject company. Bajaj Financial Securities Limited, its associates, research analyst and his/her relative may have other potential/material conflict of interest with respect to any recommendation and related information and opinions at the time of publication of research report or at the time of public appearance.  

Research analyst has served as an officer, director or employee of subject Company: No  

Bajaj Financial Securities Limited has financial interest in the subject companies: No  

Bajaj Financial Securities Limited’s Associates may have actual/beneficial ownership of 1% or more securities of the subject company at the end of the month immediately preceding the date of publication of research report.  

Research analyst or his/her relative has actual/beneficial ownership of 1% or more securities of the subject company at the end of the month immediately preceding the date of publication of research report: No  

Bajaj Financial Securities Limited has actual/beneficial ownership of 1% or more securities of the subject company at the end of the month immediately preceding the date of publication of research report: No  

Subject company may have been client during twelve months preceding the date of distribution of the research report.  

There were no instances of non-compliance by Bajaj Financial Securities Limited on any matter related to the capital markets, resulting in significant and material disciplinary action during the last three years. A graph of daily closing prices of the securities is also available at https://www.nseindia.com/

ANALYST CERTIFICATION

The analyst for this report certifies that all of the views expressed in this report accurately reflect his or her personal views about the subject company or companies and its or their securities, and no part of his or her compensation was, is or will be, directly or indirectly related to specific recommendations or views expressed in this report.  

RISK DISCLOSURE ON DERIVATIVES

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to ₹ 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.

SEBI study dated January 25, 2023 on “Analysis of Profit and Loss of Individual Traders dealing in equity Futures and Options (F&O) Segment”, wherein Aggregate Level findings are based on annual Profit/Loss incurred by individual traders in equity F&O during FY 2021-22.

BROKERAGE DISCLAIMER

All leveraged intraday positions will be squared off on the same day. There is no restriction on the withdrawal of the unutilised margin amount. Brokerage will not exceed the SEBI prescribed limit. Visit : https://www.bajajbroking.in/pricing

MTF 

As subject to the provisions of SEBI Circular CIR/MRD/DP/54/2017 dated June 13, 2017, and the terms and conditions mentioned in the lights and obligations statement issued by the TM (if applicable).  

US INVESTING

International investment is not supervised by any regulatory body in India. Thus, any claim or dispute relating to such investment or enforcement of any agreement/contract /claim will not be under laws and regulations of the recognized stock exchanges and investor protection under Indian Securities Law. The account opening process will be carried out on Vested platform and Bajaj Financial Securities Limited will not have any role in it.  

MARKETSMITH / GOLDENPI / SOVEREIGN GOLD BONDS

Bajaj Financial Securities Limited is only distributor of this product. These are not exchange traded products and all disputes with respect to the distribution activity, would not have access to exchange investor redressal forum or Arbitration mechanism. Bajaj Financial Securities Limited is not a registered Investment Advisory. User discretion is required before investing. Client is requested to independently evaluate and/or consult their professional advisors before arriving at any conclusion to make any investment. The decision to invest shall be the sole responsibility of the Client and shall not hold Bajaj Financial Securities Limited, its employees and associates responsible for any losses, damages of any type whatsoever. 

IPO 

This should not be construed as soliciting investment. Investors’ discretion is required. Kindly consult your financial expert before investing. No need to issue cheques by investors while subscribing to IPO. Investments in securities markets are subject to market risks, read all the related documents carefully before investing.  

SCREENERS 

Screeners is not Exchange-approved products and any disputes related to the same will not be dealt on the Exchange platform. 

SECURITIES 

Securities quoted are exemplary and not recommendatory. 

IPV 

Account would be open after all procedure relating to IPV and client due diligence is completed. 

IMAGES 

The images used are only for representation purpose. Proper due diligence has been done for the images and the image is not of any artist. The same is captured from royalty free sites. 

DISCLOSURE TO CLIENTS REGARDING PAYOUT OF FUNDS

As per SEBI circular no. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/84 dated June 08, 2023, Stockbrokers are required to upstream the entire client funds lying with them to the Clearing Corporation. Based on client’s request the funds’ release request must be placed with the Clearing Corporation. Based on the internal process and cut-off timelines of the Clearing Corporation the funds will be released to the Stock Broker. In view of this new process, as specified by the regulatory and the cut-off time of Clearing Corporation/Banks processing the funds, Bajaj Financial Securities Limited cannot commit the exact time for releasing funds payout to its client. Clients are requested to note that, Bajaj Financial Securities Limited will not be responsible for any inconvenience caused to clients due to delay in release of funds payout, including fines, delayed charges, defaults, etc.