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NFO alert: Bajaj Finserv Mutual Fund launches large and mid-cap fund

18 September 20246 mins read by Angel One
In the following article we shed light on the new NFOs, their objectives, fund allocation, fund managers, and peer performance.
NFO alert: Bajaj Finserv Mutual Fund launches large and mid-cap fund
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The Bajaj Finserv Large and Mid-Cap Fund is an open-ended equity scheme aiming for long-term capital appreciation through investments in a diversified portfolio of large and mid-cap stocks across various sectors. Launched on February 6th, 2024, it has a new fund offer (NFO) closure date of February 20th. 

There’s no entry load, but an exit load applies within 6 months of purchase: 1% for redemptions exceeding 10% of allotted units, and nothing for redemptions below that or after 6 months. The minimum investment is Rs 500. Remember, there’s no guarantee the scheme will achieve its objective.

To generate long-term capital appreciation by investing in a diversified portfolio of equity and equity-related securities, predominantly in large and mid-cap stocks from various sectors. The fund manager may also seek participation in other equity and equity-related securities.

Risk-o-meter – Scheme: High Risk, Benchmark: High Risk

Funds Allocation

Instrument Indicative Allocation Risk Profile
Equity and equity related instruments of large cap companies 35% to 65% Very High
Equity and equity related instruments of mid cap companies 35% to 65% Very High
Equity and equity related instruments other than large and mid-cap companies 0% to 30% Very High
Debt instruments and money market instruments* and units of mutual fund schemes 0% to 30% Low to Moderate
Units issued by REITs and InviTs 0% to 10% Moderately High

 Benchmark

The Scheme benchmark would be Nifty Large Midcap 250 TRI.

The Nifty Midcap 150 and Nifty 100 indexes, which represent a portfolio of 150 midcap and 100 big-cap businesses listed on the NSE, respectively, are used to calculate the performance of the Nifty big-Midcap 250. Every quarter, the combined weight of large-cap stocks and mid-cap companies is reset to 50% each.

Fund Managers

Nimesh Chandan, Age: 46 years, Educational Qualification: B.Com, MMS (Finance), Nimesh has over 23 years of experience in the Indian Capital Markets. (Equity portion)

Sorbh Gupta, Age: 43 years, Educational Qualification: CA, CFA, BCOM, Sorbh has over 16 years of experience in the Indian Capital Markets.

Siddharth Chaudhary, Age: 41 years, Educational Qualification: B. Com, PGPSM (Debt portion)

Peer Funds

Scheme Name Launch Date AUM (Crore) Expense Ratio (%) Returns as on – 09-02-2024 in %
2024 2023 2022 2021 2020
Equity: Large and Mid Cap 3.7 30.14 1.82 37.51 16.47
NIFTY LARGE MIDCAP 250 TRI 3.89 32.66 4.48 37.04 20.87
Mirae Asset Large and Midcap Fund Reg Gr 05-07-2010 32492.17 1.57 2.07 29.34 -1.45 39.13 22.4
Canara Robeco Emerging Equities Reg Gr 05-03-2005 19904.48 1.65 1.12 24.04 -1.65 36.99 24.55
SBI Large & MidCap Reg Gr 28-02-1993 18926.33 1.67 2.56 26.79 7.27 39.35 15.76
Kotak Equity Opp Gr 05-09-2004 17782.63 1.64 3.16 29.33 6.99 30.42 16.46
HDFC Large and Mid Cap Gr 18-02-1994 15021.94 1.73 3.96 37.72 8.17 43.08 11.43
Axis Growth Opp Reg Gr 10-10-2018 10722.03 1.73 3.72 30.95 -8.89 44.56 24.7
DSP Equity Opp Reg Gr 16-05-2000 10387.00 1.76 3.25 32.47 4.37 31.2 14.24
ICICI Pru Large & MidCap Gr 09-07-1998 10267.70 1.78 6 29.94 11.7 41.8 11.73
Tata Large & MidCap Reg Gr 31-03-1993 6183.79 1.82 2.44 22.88 11.21 28.53 15.49
Sundaram Large and MidCap Gr 10-02-2007 6074.51 1.82 1.38 31.2 2.16 40.03 16.85
ABSL Equity Advtg Reg Gr 24-02-1995 5566.35 1.89 0.08 26.93 -12.98 38.27 18.3

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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.

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