January 31, 2024
mayank
Bajaj Finserv Large and Mid Cap Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Bajaj Finserv Large and Mid Cap Fund Open Date, Close Date?
NFO opens on February 06, 2024
NFO will close on February 20, 2024
What is the Investment Strategy?
The scheme seeks 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.
Basic Details
| Fund House | Bajaj Finserv Mutual Fund |
| Issue Open | 06 February 2024 |
| Issue Close | 20 February 2024 |
| Type | Open-ended |
| Category | Equity: Large & MidCap |
| Min. Investment(Rs) | 500 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | For units in excess of 10% of the investment, 1% will be charged for redemption Within 6 months |
| Riskometer | Very High |
| Benchmark | NIFTY Large Midcap 250 TRI |
What is the Benchmark Index of Bajaj Finserv Large and Mid Cap Fund?
The Nifty Large Midcap 250 reflects the performance of a portfolio of 100 large cap and 150 mid cap companies listed on NSE, represented through the Nifty 100 and the Nifty Midcap 150 index respectively. The aggregate weight of large cap stocks and mid cap stocks is 50% each and are reset on a quarterly basis.
The index can be used for a variety of purposes such as benchmarking, creation of index funds, ETFs and structured products
Index Variant: Nifty Large Midcap 250 Total Returns Index.
Portfolio Characteristics
| Methodology | Periodic Capped Free Float |
| No. of Constituents | 251 |
| Launch Date | November 30, 2017 |
| Base Date | April 01, 2005 |
| Base Value | 1000 |
| Calculation Frequency | Real-Time |
| Index Rebalancing | Semi – Annually |
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 12.37 | 31.58 | 31.58 | 18.29 | 14.82 |
| Total Return | 12.53 | 32.66 | 32.66 | 19.48 | 16.32 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 9.75 | 18.17 | 20.59 |
| Beta (NIFTY 50) | 0.88 | 0.91 | 0.91 |
| Correlation (NIFTY 50) | 0.88 | 0.96 | 0.95 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 25.06 | 3.98 | 1.07 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| HDFC Bank Ltd. | 5.65 |
| Reliance Industries Ltd. | 3.85 |
| ICICI Bank Ltd. | 3.07 |
| Infosys Ltd. | 2.42 |
| Larsen & Toubro Ltd. | 1.83 |
| ITC Ltd. | 1.80 |
| Tata Consultancy Services Ltd. | 1.69 |
| Axis Bank Ltd. | 1.35 |
| Kotak Mahindra Bank Ltd. | 1.23 |
| Bharti Airtel Ltd. | 1.15 |
Performance Review of the Fund Managers of Bajaj Finserv Large and Mid Cap Fund?
1) Nimesh Chandan
Education: Mr. Chandan is an MBA in Finance.
Experience: He has good years of experience in capital markets. Prior to joining Bajaj Finserv Mutual Fund, he had been with Canara Robeco MF, ICICI Prudential MF, SBI MF and Aditya Birla Sun Life AMC as fund manager and has also worked with Stratcap Securities and Darashaw and Company.
Past Performance of his Schemes
| Fund | Bajaj Finserv Flexi Cap Fund | It’s Benchmark | Bajaj Finserv Balanced Advantage Fund | It’s Benchmark |
| 1 Year | — | — | — | — |
| 3 Year | — | — | — | — |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
2) Sorbh Gupta
Education: Mr. Gupta is a B.Com, CA and CFA.
Experience: Prior to joining Bajaj Finserv Mutual Fund, he was associated with Quantum Mutual Fund, Siddhesh Capital Markets Pvt. Ltd. & Pranav Securities Pvt. Ltd. He has over 11 years of overall experience in the equity research.
Past Performance of his Schemes
| Fund | Bajaj Finserv Nifty Bank ETF | It’s Benchmark | Bajaj Finserv Balanced Advantage Fund | It’s Benchmark |
| 1 Year | — | — | — | — |
| 3 Year | — | — | — | — |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
3) Siddharth Chaudhary
Education: Mr. Chaudhary is a B.Com (H) and PGDM (Securities Markets).
Experience: Prior to joining Bajaj Finserv Mutual Fund, he has worked with Sundaram Mutual Fund and Indian Bank.
Past Performance of his Schemes
| Fund | Bajaj Finserv Money Market Fund | It’s Benchmark | Bajaj Finserv Arbitrage Fund | It’s Benchmark |
| 1 Year | — | — | — | — |
| 3 Year | — | — | — | — |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
Which Company Owns Bajaj Finserv Large and Mid Cap Fund?
Bajaj Finserv Asset Management Ltd.
Address: 8th floor, E-Core, Solitaire Business Hub (formerly Marvel Edge), Viman Nagar Pune – 411014
Website: https://www.bajajamc.com/
Registrar & Transfer Agent:
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: www.karvymfs.com
Is it good to invest in Bajaj Finserv Large and Mid Cap NFO?
Guidance for Bajaj Finserv Large and Mid Cap Fund by Paresh Gordhandas, C.A., Research Analyst.
The Bajaj Finserv Large and Midcap Fund is based on Nifty Large Midcap 250 as its benchmark. 50% of the AUM is invested in large cap stocks and 50% in Midcap stocks. Since the Fund House is a new one, we cannot study the past performance of the Fund Managers. However, the Bajaj group has a good standing and a Fund launched by this Fund House does invoke a sense of trustworthiness amongst investors.
This fund can be compared to the Mirae Asset Large & Midcap Fund, Motilal Oswal Large & Midcap Fund, Navi Large & Midcap Fund, HDFC Large & Midcap Fund, Edelweiss Large & Midcap Fund etc. All these funds have given returns in the range of 32% to 46% in the last one year.
Keeping the above in mind, one can invest in the Bajaj Finserv Large & Midcap Fund.
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