CALCULATE YOUR SIP RETURNS

NFO Alert: Bajaj Finserv Mutual Fund Launched Bajaj Finserv Large Cap Fund: details inside!

23 October 20246 mins read by Angel One
In the following article we shed light on the NFO's objectives, fund allocation, fund managers, and peer performance.
NFO Alert: Bajaj Finserv Mutual Fund Launched Bajaj Finserv Large Cap Fund: details inside!
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

Bajaj Finserv Mutual Fund has launched an Open-Ended Equity Scheme, Bajaj Finserv Large Cap Fund, aimed at generating long-term capital appreciation and income distribution. The fund primarily invests in large-cap company equities. The New Fund Offer (NFO) opened on July 29, 2024, and closes on August 12, 2024. There is no entry load, but an exit load of 1% applies for redemptions within 6 months of allotment. The minimum investment amount is Rs. 500.

Investment Objective

The objective of the Bajaj Finserv Large Cap Fund is to generate long term capital appreciation and income distribution to investors by predominantly investing in equity and equity related instruments of large cap companies. However, there is no assurance that the investment objective of the Scheme will be achieved.

This NFO of Bajaj Finserv Large Cap Fund is suitable for investors who are seeking wealth creation over long term and want to invest predominantly in equity and equity related instruments of large cap companies

Risk-o-meter:

Risk-o-meter

Funds Allocation

Types of Instruments Minimum Allocation (% of Net Assets) Maximum Allocation (% of Net Assets)
Equities & Equity related securities of large cap companies 80 100
Equities & Equity related securities of other than large cap companies, equity & equity related securities of foreign companies 0 20
Debt & Money Market instruments 0 20
Units issued by REITs & InvITs 0 10

Benchmark

The performance of the Bajaj Finserv Large Cap Fund will be benchmarked to the performance of the Nifty 100 Total Return Index (TRI).

Fund Managers

Mr. Nimesh Chandan has over 23 years of experience in the Indian Capital Markets. He has spent 17 years in Fund Management- managing and advising domestic and international investors, retail as well as institutional. Prior to joining Bajaj Finserv Asset Management Ltd, he has worked with Canara Robeco Asset Management as Head Investments, Equities (Domestic and Offshore). He has also worked with other asset management companies including Birla Sunlife Asset Management, SBI Asset Management and ICICI Prudential Asset Management.

Mr. Sorbh Gupta has over 16 years of experience in the Indian Capital Markets. In November 2022, he was appointed as Senior Fund Manager – Equity at Bajaj Finserv Asset Management Limited. Before joining Bajaj Finserv Asset.

Mr. Siddharth Chaudhary joined the Company in July 2022 as Senior Fund Manager – Fixed Income. Prior to this he was associated with Sundaram Asset Management Co. Ltd from April 2019 – July 2022 as Head Fixed Income – Institutional Business, from April 2017 – March 2019 as Senior Fund Manager – Fixed Income, from August 2010 – March 2017 as Fund Manager – Fixed Income. During June 2006 – September 2010 he was working as Senior Manager, Treasury Dept in Indian Bank.

Peer Mutual Fund Schemes 

Scheme Name AUM (Crore) Expense Ratio (%) 1 Year Returns (%) 5 Years Returns (%) 10 Years Returns (%) Since Launch Ret (%)
ABSL Frontline Equity 29107.64 1.66 34.03 19.09 14.11 19.75
Kotak Bluechip 8849.48 1.75 35.17 20.23 14.76 19.6
DSP Top 100 Equity 4010.86 1.98 38.12 18.25 12.43 19.59
HSBC Large Cap 1896.38 2.13 34.72 18.06 13.17 19.56
Franklin India BlueChip 8160.81 1.82 31.04 17.56 12.73 18.86
ITI Large Cap 332.28 2.35 38.21 18.65
HDFC Top 100 Fund 35437.12 1.61 35.15 18.94 14.08 18.6

Data as of July 29, 2024

Dreaming of financial freedom? Use our Mutual Fund SIP Calculator to see how regular investments can add up to grow wealth. Take the first step towards your goals. Calculate now!

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.

We're Live on WhatsApp! Join our channel for market insights & updates

Grow Wealth, Start SIP Now!

Join our 2 Cr+ happy customers

+91
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy ₹0 Account Opening Charges

Get the link to download the App

Send App Link
Get it on Google PlayDownload on the App Store
Open Free Demat Account!
Join our 2 Cr+ happy customers