April 18, 2025
mayank
Bajaj Finserv Nifty Next 50 Index Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @sahifund.com
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Bajaj Finserv Nifty Next 50 Index Fund Open Date, Close Date?
NFO opens on April 22, 2025
NFO will close on May 06, 2025
Investment Strategy for this NFO?
The scheme is to invest in companies whose securities are included in the Nifty Next 50 Index and subject to tracking errors, to endeavor to achieve the returns of the Nifty Next 50 Index. This would be done by investing in all the stocks comprising Nifty Next 50 in approximately the same weightage that they represent in Nifty Next 50. The Scheme will not seek to outperform the Nifty Next 50 or to underperform it. The objective is that the performance of the NAV of the Scheme should track the performance of the Nifty Next 50 over the same period.
Basic Details
| Fund House | Bajaj Finserv Mutual Fund |
| Issue Open | 22 April 2025 |
| Issue Close | 06 May 2025 |
| Type | Open-ended |
| Category | Equity: Large Cap |
| Min. Investment(Rs) | 500 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Very High |
| Benchmark | NIFTY Next 50 TRI |
About Benchmark Index for this NFO?
The Nifty Next 50 Index represents 50 companies from Nifty 100 after excluding the Nifty 50 companies.
Nifty Next 50 is computed using free float market capitalization method wherein the level of the index reflects total free float market value of all the stocks in the index relative to a particular base market capitalization value. Nifty Next 50 Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variant: Nifty Next 50 Total Returns Index.
Portfolio Characteristics
| Methodology | Periodic Capped Free Float |
| No. of Constituents | 50 |
| Launch Date | December 24, 1996 |
| Base Date | November 04, 1996 |
| Base Value | 1000 |
| Calculation Frequency | Real-Time |
| Index Rebalancing | Semi-Annually |
Fund Managers of Bajaj Finserv Nifty Next 50 Index Fund
1) Ilesh Savla
Education: Mr. Savla has done B.Com and MBA, Finance
Experience: Prior to joining Bajaj Finserv Mutual Fund, he has worked with Reliance Nippon Life Insurance, Equirus Securities and Maybank KimEng Securities, SBI Capital Markets, Emkay Global Financial Services Ltd, Citi and ENAM
AMC
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: https://mfs.kfintech.com/mfs/
Review for Bajaj Finserv Nifty Next 50 Index Fund @ sahifund.com by Paresh Gordhandas, C.A., Research Analyst
[ A ] Benchmark Performance of NIFTY Next 50 TRI
Performance
| Index Returns (%)# | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | -7.27 | -7.27 | 3.99 | 24.45 | 15.70 |
| Total Return | -7.09 | -7.09 | 4.76 | 25.42 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 21.67 | 18.14 | 25.67 |
| Beta (NIFTY 50) | 1.29 | 0.91 | 0.96 |
| Correlation (NIFTY 50) | 0.83 | 0.80 | 0.85 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 21.48 | 3.94 | 1.44 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| InterGlobe Aviation Ltd. | 4.55 |
| Hindustan Aeronautics Ltd. | 3.60 |
| Vedanta Ltd. | 3.56 |
| Divi’s Laboratories Ltd. | 3.32 |
| Varun Beverages Ltd. | 3.28 |
| Indian Hotels Co. Ltd. | 3.14 |
| Cholamandalam Investment and Finance Company Ltd. | 2.90 |
| Tata Power Co. Ltd. | 2.86 |
| Power Finance Corporation Ltd. | 2.73 |
| Avenue Supermarts Ltd. | 2.72 |
Note on Benchmark Performance:
While the Year-to-date and Quarter-to-date performance of the Benchmark has been in the negative, over the last five years, the Benchmark has generated healthy returns. Return since inception has been 15.70% which is also good. A look at the Index Constituents also gives a positive outlook.
[ B ] Performance Review of the Fund Managers of this NFO
Past Performance of Ilesh Savla
| Fund | Bajaj Finserv Nifty 50 ETF | It’s Benchmark | Bajaj Finserv Nifty Bank ETF | It’s Benchmark |
| 1 Year | 8.92 | 8.70 | 15.18 | 13.48 |
| 3 Year | — | — | — | — |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 18-4-2025
Note on Fund Managers’ performance
Mr. Savla has an experience of 24 years in the market. He has earlier worked in Reliance Nippon Life Insurance, Equirus Securities etc. Not much was available in the form of data for studying past performance of other funds managed by him. However, since this is an Index Fund, stock picking does not come into play here and hence to that extent the role of the Fund Manager is less in managing the Fund.
[ C ] Conclusion
Index funds offer investors staple, cost-effective exposure to the broader markets. Index replication helps minimise short-term volatility and emotional decision-making. The passive strategy results in lower expense ratios compared to actively managed funds. This Fund comprises companies that have outgrown the midcap label but haven’t yet entered the Nifty 50, which represents India’s topmost companies by market capitalization. These are businesses that could potentially become tomorrow’s blue-chip stocks-spanning industries like e-commerce, consumer electronics, retail etc. For investors, this index offers a compelling combination: the relative strength of large caps with the potential growth orientation of mid-sized companies.
Over the last 15 years, 44 companies from this index have been upgraded to the main benchmark, as per data from NSE Indices as of December 31, 2024. Over the past two decades, it has provided a compound annual growth rate (CAGR) of 20.3%.
With the Fund being backed by Bajaj Finserv, it gives strong backing and trust to the investor’s mind. Can invest in this Fund.
Is it good to invest in Bajaj Finserv Nifty Next 50 Index Fund NFO?
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