Large Cap Fund NFO By Bajaj Finserv Mutual Fund: Review & Nav

Large Cap Fund NFO By Bajaj Finserv Mutual Fund:Complete Overview

The Bajaj Finserv Large Cap Fund NFO by Bajaj Finserv Mutual Fund under its AMC, Bajaj Finserv Asset Management Limited with an AUM of over Rs.10,000 crore as of February 29, 2024 is an open-ended equity program predominantly investing in large cap companies. On the Nifty 100 Total Return Index (TRI), the NFO will be open from July 29, 2024 to August 12, 2024, with the amount of Rs.500. This fund aims to generate income and attain long-term capital growth by concentrating on large-cap companies. 80-100% of its assets are allocated to large-cap stocks, 0-20% to foreign and non-large-cap stocks, 0-20% to debt and money market instruments and 0-10% to REITs and InvITs. This scheme is categorized as extremely risky with no assurance of its fulfillment and is intended for individuals who are looking to invest in large-cap stock predominantly in large-cap companies with the goal of long-term capital growth.

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Fund Overview

This Large Cap Fund NFO has set the minimum subscription amount at Rs.500 and in multiples of Rs.1 thereof with a stamp duty of 0.005% (From July 1st, 2020).

Start Date	29 July 2024
End Date	12 August 2024
Allotment Date / Subscription Date	Within 5 business days after the end date of the NFO.
VRO Rating	-
Expense Ratio	NA
Exit Load	1% if redeemed within 6 months and Nil after 6 months.
AUM	Rs.10000+ crore
Lock-In	NA
Stamp Duty	0.005% (From July 1st 2020)
Benchmark	Nifty 100 Total Return Index (TRI)
Min. Investment	Rs.500
Risk	Very High
Short-Term Capital Gains (STCG)	For less than 1 year, a 20% Tax is applicable.
Long-Term Capital Gains (LTCG)	For more than 1 year, a 12.50% Tax is applicable above the gain of Rs.1.25 lac.

 

How To Invest In The NFO After The Closure Date?

If you have missed participating in the NFO and now want to invest in the same Scheme on a continuous basis, then within 5 business days after the closure date of the NFO; you can participate directly in the Mutual Fund by spending at NAV based price; by logging on to your Demat Account or directly with the AMC and search for “Bajaj Finserv Large Cap Fund” or simply touch the “Banner” below.

 

 

The Objective of The Fund

The Scheme seeks to provide returns that generate income and attain long-term capital growth by concentrating on large-cap companies. Nevertheless, there can be no assurance or guarantee that the scheme's investment goals will be met.

Asset Allocation (% Of Net Assets) Of The Scheme's Portfolio Will Be As Follows:

Types of Instruments	Minimum Allocation (% of Net Assets)	Maximum Allocation (% of Net Assets)
Equities & equity-related securities of large-cap companies.	80	100
Securities linked to equities that are not from large-cap companies, as well as securities connected to equity that is from overseas companies	0	20
Debt And Money Market Instruments	0	20
Units issued by REITs & InvITs	0	10

 

Peers of Bajaj Finserv Large Cap Fund

Scheme	1Y Return (%)	AUM (Cr)
JM Large Cap Fund (Direct)-Growth	48.9	234
Nippon India Large Cap Fund-Direct Plan-Growth Plan	40.8	29534
ICICI Prudential Bluechip Fund-Direct Plan-Growth	40.1	59364
HDFC Top 100 Fund-Direct-Growth	36.6	35435

Since this scheme is a new scheme, hence no comparable data of its past performance against its peers is available.

 

Risk Factors In Such Funds

• Foreign securities, including foreign stocks, may be purchased by the Scheme. These kinds of investments come with risks, including those associated with changes in foreign currency rates, the country's securities market, capital repatriation because of exchange regulations, and political situations.

• The nature of equity and equity-related securities is volatile, and their prices might change every day. Numerous micro and macroeconomic factors influencing the securities markets are to blame for the volatility in the value of stock and equity-related products. This might negatively affect certain stocks or the industry, which would then affect the scheme's net asset value.

• The scheme's success will be directly impacted by the Nifty 100 TRI performance. Therefore, the scheme will be affected by any changes in composition caused by changes in weightage or stock selection.

• Due to daily price variations brought on by market changes, REITs and InvITs are unstable investments.

 

Past Performance of Equity / Large Cap Funds

Equity / Large Cap Funds	NAV (Rs.)	Annualized Returns (%)	Return / Risk
Edelweiss Large Cap Fund-Direct Plan-Growth	96.45	37.53	Very High
Baroda BNP Paribas Large Cap Fund-Direct Plan-Growth	258.20	43.85	Very High
Kotak Bluechip Fund-Direct Plan-Growth	641.871	36.59	Very High

 

Bajaj Finserv Large Cap Fund NFO-Who Can Invest?

This Fund is ideal for those who want to invest in large-cap stock predominantly in large-cap companies with the goal of long-term capital growth.

 

Bajaj Finserv Large Cap Fund NFO-Growth Fund Managers

• Mr. Siddharth Chaudhary

• Mr. Sorbh Gupta

• Mr. Nimesh Chandan

 

Conclusion

The Large Cap Fund NFO By Bajaj Finserv Mutual Fund is designed for such investors looking to diversify their portfolios through investments to attain long-term capital appreciation by investing in large-cap stock predominantly in large-cap companies with the goal of long-term capital growth. The scheme is a new one and no past performance data is available. Always assess your Financial Goals, Risk tolerance, time horizon, etc. before making an investment decision. 

Disclaimer: This NFO analysis is provided solely for informative reasons and should not be construed as investment advice. Always conduct research and talk with a financial advisor before investing.