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Bajaj Finserv Large and Mid Cap Fund

NAV ₹12.056
as of 18-12-2024
EQUITY FUND
Regular-Growth
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Note: Historical Performance of this scheme is not available because this scheme has not completed 12 months since inception.
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Bajaj Finserv Large and Mid Cap Fund - A Unique Proposition

Here are a few features that make this scheme unique:

Stock selection based on moat investing

Bottom up stock selection

Diversified portfolio

Growth oriented

High active share

Low turnover portfolio

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Investment Approach

 

Moat investing

This strategic approach involves identifying and investing in companies with economic moats, or sustainable competitive advantages.

Diversified portfolio

The fund is structured to navigate both large and mid-cap segments, offering investors exposure to a wide spectrum of companies.

INQUBE philosophy

Our inhouse INQUBE investment philosophy brings informational, quantitative & behavioural edge to the portfolio.

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Investment Style & Portfolio Strategy

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The scheme aims to generate long-term capital appreciation/income by predominantly investing in equity and equity-related securities of large-cap and mid-cap companies.

The fund manager seeks to invest in companies having a distinct competitive advantage over its peers.

Like a castle surrounded by a moat for protection against attack, a moat in business refers to a company's competitive advantage that makes it difficult for competitors to challenge its position in the market. Hence in investment terms, this strategy is also known as moat investing.

In addition to equity investments, our scheme also allocates funds to debt securities and money market instruments. Investment strategy focuses on capturing term and credit spreads and maintaining a balance between safety, liquidity, and return aspects of various investments.

Additionally, the fund manager will also assess the company on the basis of its management’s capability to protect their business’s distinct advantage and enhance it (expand the moat).

The portfolio will prefer businesses that have shown business strength and are available at or below fair valuations.

The equity strategy will aim to build a portfolio of such strong companies in the current market environment while maintaining reasonable diversification.

Our investment process adheres to the INQUBE philosophy framework, considering key factors such as business fundamentals, management quality, and valuation.

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Key Features

Inception Date

27th Feb, 2024

Minimum Application Amount

Fresh subscription - Rs. 500/- and in multiples of Re. 1/-
Systematic Investment Plan (SIP):
Rs. 500 and above: Minimum 6 instalments.

Category of Scheme

Large and Mid Cap Fund

Minimum Additional Application Amount

Rs. 100/- and in multiples of Re. 1/-

Type of Scheme

Bajaj Finserv Large and Mid Cap Fund:
An open ended equity scheme investing in both large cap and mid cap stocks

Minimum Redemption Amount

Rs. 500 and in multiples of Re. 0.01/- or the account balance of the investor, whichever is less

Plan

Bajaj Finserv Large and Mid Cap Fund – Direct Plan
Bajaj Finserv Large and Mid Cap Fund – Regular Plan

Load Structure/Lock-In Period

Entry Load - NIL
Exit load*
If units are redeemed/switched out within 6 months from the date of allotment:
If upto 10% of units allotted are redeemed/switched out – Nil
any redemption/switch-out of units in excess of 10% of units allotted - 1% of applicable NAV.
if units are redeemed/switched out after 6 months from the date of allotment, no exit load is payable

Options/Sub-Option

Growth
Income Distribution cum Capital Withdrawal (IDCW)

IDCW option will offer the following sub-options:
Payout of IDCW sub-option
Reinvestment of IDCW sub-option
Transfer of IDCW sub-options

Benchmark Index

Nifty Large Midcap 250 TRI

Face Value

 Offer of units of Rs. 10/- each

Asset Allocation Pattern

Equity and equity related instruments of large cap companies:
Maximum: 65%, Minimum: 35% (Risk Profile: Very High)

Equity and equity related instruments of mid cap companies:
Maximum: 65%, Minimum: 35% (Risk Profile: Very High)

Equity and equity related instruments other than large and mid cap companies:
Maximum: 30%, Minimum: 0% (Risk Profile: Very High)

Debt instruments and money market instruments* and units of mutual fund schemes:
Maximum: 30%, Minimum: 0% (Risk Profile: Low to Moderate)
*Money market instruments will include commercial papers, commercial bills, Triparty REPO, Reverse Repo and equivalent and any other like instruments as specified by SEBI and Reserve Bank of India from time to time.

For detailed asset allocation, please refer to the Scheme Information Document

Investment 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.

However, there is no assurance that the investment objective of the scheme will be achieved.

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Fund Manager

Mr. Nimesh Chandan: Chief Investment Officer

Nimesh chandan has over 22 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 of 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: Senior Fund Manager - Equity

Sorbh Gupta has over 15 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. Prior to joining Bajaj Finserv Asset Management Limited, he was associated with Quantum Asset Management Company Private Ltd. He has also worked with other financial companies such as Siddhesh Capital Markets Pvt. Ltd. & Pranav Securities Pvt. Ltd.

 

 



 

Mr. Siddharth Chaudhary: Senior Fund Manager - Fixed Income

Siddharth Chaudhary joined the Company in July 2022 as a 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, he served as a Senior Fund Manager – Fixed Income, and from August 2010 – March 2017 as a Fund Manager – Fixed Income with Sundaram Asset Management Co. Ltd. During June 2006 – September 2010, he was working as Senior Manager, Treasury Dept in Indian Bank.

 

 

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Scheme Documents

 
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Key Information Document (KIM) ImageName
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Statement of Additional Information (SAI) ImageName
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Frequently Asked Questions

 
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You can invest in Bajaj Finserv Large and Mid Cap Fund either online or offline. Offline mode: You can invest by meeting distributors or brokers in person. Online Mode: You can invest through your Demat and online trading account. You can also go to Bajaj Finserv AMC’s investor portal and create an online account to invest. Click here to invest now.

Investing in large and mid-cap funds offers several potential advantages. These funds aim to combine the relative stability of large-cap companies with the growth potential of mid-cap companies within a single fund.

The allocation between large-cap and mid-cap companies within the large and mid-cap funds category is determined by the fund manager and is subject to minimum 35% of total assets in both large cap stocks and mid cap stocks. Investors cannot directly customize this allocation.

Investors seeking long-term growth and capital appreciation can consider investing in Bajaj Finserv Large and Mid Cap Fund owing to its diversified portfolio, high active share, and commitment to a low turnover portfolio.

Capital gains and dividends from a large and mid cap mutual fund attracts taxation. If held for over a period of 12 months, it incurs a 10% long-term capital gains tax. If held for less than a year, it incurs a 15% short-term capital gains tax. Dividends from these funds are taxed based on the investor's income tax slab.

Yes, you can invest in Bajaj Finserv Large and Mid Cap Fund through both SIP and lumpsum mode. To calculate your SIP or lumpsum amount, you can make use of an SIP calculator or a lumpsum calculator respectively.

Diversification: The fund balances stability and growth by investing across large and mid-cap segments, spreading risk across sectors and market sizes.
Growth-oriented: Emphasizes growth potential from mid-caps and stability from large-caps with economic moats, aiming for sustained growth.
High active share: Deviates from index-hugging strategies to make independent investment decisions, potentially outperforming by reacting dynamically to market changes.
Low turnover portfolio: Minimizes transaction costs and potential tax implications for by holding stocks for the long term, focusing on companies with enduring competitive advantages and growth potential.

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Bajaj Finserv Large and Mid Cap Fund – Overview

The Bajaj Finserv Large and Mid Cap Fund is an open-ended equity scheme that invests predominantly in large and mid-cap stocks from various sectors with a view to generating capital appreciation over the long term.
The scheme will allocate a minimum of 35% and a maximum of 65% of its assets in large and mid-cap stocks, respectively. It may also invest a small portion of its portfolio in equity and equity-related instruments other than large and mid cap companies or in fixed-income securities and units issued by REITs and InvITs.
The scheme follows a moat investment strategy, whereby it will identify and focus on companies that have a track record of good performance, a distinct competitive advantage over their peers and the capability to safeguard and build on this competitive edge. Bajaj Finserv Asset Management Limited also follows its inhouse INQUBE philosophy framework which combines information, analysis and behavioural factors in investment strategy.

Individuals can invest in the Bajaj Finserv Large and Mid Cap Fund via SIP or lumpsum. SIP investments start from Rs. 500.

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Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
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