Bajaj Finserv Mutual Fund's Latest Offering: Bajaj Finserv Large and Mid-Cap Fund (NFO)
The new NFOs, their goals, fund allocation, fund managers, and peer performance are all clarified in the article that follows.
The open-ended Bajaj Finserv big and Mid-Cap Fund invests in a diverse portfolio of big and mid-cap equities from a range of industries with the goal of achieving long-term capital gain. Its launch date is February 6th, 2024, and its closing date for the new fund offer (NFO) is February 20th. There is no exit load if the redemption is made within six months of the purchase; it is 1 per cent if the redemption exceeds 10 per cent of the authorised units and it is not applied if the redemption is made beyond six months. A minimum of Rs 500 can be invested. Recall that there is no assurance the plan will succeed in its goal.
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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.
Risk-o-meter – Scheme: High Risk, Benchmark: High Risk
Funds Allocation
|
Instrument
|
Indicative Allocation (in Per Cent)
|
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 large-Midcap 250's performance is determined by taking the Nifty Midcap 150 and Nifty 100 indexes, which, respectively, reflect a portfolio of 150 midcap and 100 big cap companies listed on the NSE. Large-Cap stocks and mid-cap businesses have their aggregate weight reset to 50 per cent each every quarter.
Fund Managers
Mr. Nimesh Chandan, Age: 46 years, Educational Qualification: B.Com, MMS (Finance), Mr. Nimesh has over 23 years of experience in the Indian Capital Markets. (Equity portion)
Mr. Sorbh Gupta, Age: 43 years, Educational Qualification: CA, CFA, BCOM, Mr. Sorbh has over 16 years of experience in the Indian Capital Markets.
Mr. Siddharth Chaudhary, Age: 41 years, Educational Qualification: B. Com, PGPSM (Debt portion)
Peer Funds
|
Scheme Name
|
Launch Date
|
AUM (Crore)
|
Expense Ratio
(Per Cent)
|
Returns as on - 09-02-2024 in Per cent
|
|
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
|
Disclaimer: The article is for informational purposes only and not investment advice.