Bajaj Finserv Mutual Fund has expanded its passive fund offerings with the launch of two new schemes: the Bajaj Finserv Nifty 50 Index Fund and the Bajaj Finserv Nifty Next 50 Index Fund.

The Bajaj Finserv Nifty Next 50 Index Fund will open for subscription on April 22 and close on May 6, while the Bajaj Finserv Nifty 50 Index Fund will open on April 25 and close on May 9.

The Bajaj Finserv Nifty 50 Index Fund is an open-ended scheme benchmarked against the Nifty 50 Total Return Index (TRI). It aims to track returns by investing in the stocks that comprise the Nifty 50 Index. The fund offers a relatively lower expense ratio compared to actively managed funds.

The Bajaj Finserv Nifty Next 50 Index Fund, benchmarked against the Nifty Next 50 Total Return Index (TRI), is also an open-ended index fund. It seeks to mirror the returns of the Nifty Next 50 Index by investing in its constituent stocks, subject to tracking error.