Bajaj Finserv Flexi Cap Fund

NAV ₹12.302
as of 2024-04-26
EQUITY FUND
Regular-Growth
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Note: Historical Performance of this scheme is not available because this scheme has not completed 6 months since inception.
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Investment Objective

To generate long term capital appreciation by investing predominantly in equity and equity related instruments across market capitalization

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

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Key Features

Inception date

August 14, 2023

Minimum Application Amount

During ongoing offer:
Fresh subscription - Rs. 500/- and in multiples of Re. 1/-
Systematic Investment Plan (SIP):
• From Rs. 500 upto Rs. 1,000: minimum 60 instalments.
• Above Rs. 1,000: minimum 6 instalments.

Category of Scheme

Flexi Cap Fund

Minimum Additional Application Amount

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

Type of Scheme

An open ended equity scheme investing across large cap, mid cap, small 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 Flexi Cap Fund – Direct Plan
Bajaj Finserv Flexi Cap Fund – Regular Plan

Load Structure/Lock-In Period

Entry Load - NIL
Exit load*
For each purchase of units through Lumpsum / switch-in / Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP), exit load will be as follows:
➢ 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.
* The load on other types of transaction could be Income Distribution cum Capital Withdrawal reinvestment, Switch in/out, SIP/SWP/STP (as applicable)

Options/Sub-Option

• Growth option
• Income Distribution cum Capital Withdrawal (IDCW) option IDCW option will offer the following sub-options:
• Payout of IDCW sub-option
• Reinvestment of IDCW sub-option
• Transfer of IDCW sub-option

Benchmark Index

S&P BSE 500 TRI

Face Value

Rs. 10/- per unit.

Asset Allocation Pattern

Equity and equity-related instruments of large cap, mid cap and small cap companies:
Maximum - 100%, Minimum - 65% (Risk profile - Very high

Debt and money market instruments and units of mutual fund schemes:
Maximum - 35%, Minimum - 0% (Risk profile - Low to moderate)

Units issued by REITs and InvITs:
Maximum - 10%, Minumum - 0% (Risk profile - Moderately high)

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Bajaj Finserv Flexi Cap Fund - A unique proposition

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Ignores noise and focuses on long-term trends.

Seeks to utilize holistic opportunity rather than market cap & sectors.

Relatively low turnover ratio.

Targeted trend-based resource allocation.

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Investment Approach

 

Megatrend investing approach

For investment in strongest megatrends that our experts spot across sectors, themes, market capitalization and geographies.

INQUBE philosophy

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

Investment across market caps

True to the label of flexi cap funds, Bajaj Finserv Flexi Cap Fund can invest across various large caps, mid-caps,small cap stocks

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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. and 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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Investment Style & Portfolio Strategy

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Bajaj Finserv Flexi Cap Fund is based on a first-of-its kind MEGATRENDS strategy that makes it a great future-ready investment. A megatrend is a powerful, long-term change that affects economies, industries and companies.

Spotting Megatrends paves the way for long-term investing opportunities. For a megatrend to be selected, they must be monetizable, have a large scope and must be in the right phase of their lifecycle (i.e. not too early or too late)

We follow our INQUBE (INformation edge + QUantitative edge + BEhavioral edge) investment philosophy to arrive at a portfolio of high growth companies using the megatrends approach.

Using the megatrends approach as a layer on sectoral and stock selection, we have arrived at an investible universe of 240-280 companies, from a total market-cap based universe of 700 companies.

We then use the stock selection process and tools mentioned to narrow down to a megatrend portfolio of 40-60 stocks.

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Scheme Documents

 
Presentation ImageName
Application Form ImageName
Scheme Information Document (SID) ImageName
Key Information Document (KIM) ImageName
Statement of Additional Information (SAI) ImageName
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Flexi Cap Mutual Fund - Overview

A flexi cap mutual fund invests in stocks of companies across market capitalizations – large cap, mid cap and small cap. This can help the fund potentially leverage the growth opportunities offered by small and mid cap companies while benefiting from the relative stability of large cap companies.
There is no minimum allocation required in each market capitalization, so the fund manager is free to plan the flexi cap fund investment portfolio as per their growth strategy, market knowledge and insights.
Moreover, the fund manager can dynamically alter the allocation strategy for the flexi cap fund investment based on prevailing market trends. This can potentially help the fund mitigate downside risk or capitalize on segments that are performing well.

Investors who seek long-term capital appreciation and have a high risk-appetite can potentially invest in flexi cap funds. You can invest in Bajaj Finserv Flexi Cap Fund either in lumpsum or through SIPs, depending on your financial goals and investment strategy.

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Frequently Asked Questions

 
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A flexi cap fund is a type of mutual fund that can invest in companies across market capitalisations – large, mid as well small-cap companies. A flexi cap mutual fund must invest at least 65% of its portfolio in equity and equity-related instruments, but can flexibly spread this allocation between large, mid, and small cap companies. This helps the fund potentially benefit from the stability offered by large cap companies as well as the growth potential of mid and small cap companies. The fund can also alter its allocation based on market conditions.

The type of fund that is right for an investor depends on their investment horizon, goals and risk appetite. Both flexi cap and index funds have their pros and cons. A flexi cap offers the potential for higher growth in the long run because fund managers can tap into the opportunities across market capitalisations and can dynamically allocate funds based on how each segment is performing.
However, index funds can be considered a relatively stable investment option the portfolio is designed to replicate a benchmark index and the fund’s performance is aligned with that benchmark. Moreover, they are typically passively managed and would therefore have a lower expense ratio than flexi cap funds.

The decision of whether to invest in a flexi cap fund must be based on your investment horizon, goals and risk tolerance levels, among other considerations. The decision to invest in lumpsum or via SIP instalments will also depend on such factors. SIP in a flexi cap mutual fund or any other scheme can offer benefits such as rupee cost averaging and disciplined investing. It is always advisable to consult a financial advisor before making investment decisions.

Difference between flexi cap and multi cap fund as per the guidelines of the Securities and Exchange Board of India, a multi cap fund must allocate at least 25% of its portfolio to large, mid, and small cap companies respectively. Meanwhile, a flexi cap mutual fund needs to maintain a 65% equity exposure at all times but has greater flexibility in deciding how to spread the portfolio between small, mid and large cap funds.

No mutual fund investment is risk-free and equity funds are considered to carry greater risk than debt mutual funds. Additionally, flexi cap mutual funds may be more volatile than large cap funds, which tend to offer relatively stable returns because they invest in top-tier companies.
However, a skilled fund manager of a flexi cap fund will aim to mitigate risks by altering the allocation between the different market capitalisations based on the economic conditions and their insights.

More than investment experience, the right fund type for you depends on your investment horizon, goals and risk tolerance level. A flexi cap fund may be a good fit for investors who have a high risk appetite and want capital appreciation but have a long investment horizon.
Also, as it is an actively managed fund, an investor does not need financial knowledge to maintain a balanced and diversified portfolio, as the fund manager follows the markets and makes strategic allocations. This could be a useful feature for new investors.

The Net Asset Value of NAV of a scheme is updated daily as it is based on the market performance of the scheme’s underlying assets and the fund’s liabilities. The Bajaj Finserv Flexi Cap Fund NAV on a given day can be seen on the scheme page.

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