Invests in undervalued companies
Targets undervalued stocks for growth as the market corrects.
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BAJAJ FINSERV ASSET MANAGEMENT LIMITED.
Contrarian investing
Long-term growth
The objective of the scheme is to generate long term capital appreciation by investing in equity and equity related securities of large cap, mid cap and small cap companies.
However, there is no assurance that the investment objective of the scheme will be achieved.
The Bajaj Finserv Multi Cap Fund invests across large, mid and small cap stocks, offering broad market exposure through a single portfolio. It follows a contrarian investing strategy, focusing on opportunities that may go against prevailing market trends. Instead of chasing popular stocks or reacting to short-term movements, the fund seeks out fundamentally strong companies that may be undervalued because of temporary challenges or negative sentiment.
This approach is based on the belief that markets tend to overreact to news, creating mispriced opportunities. By identifying such stocks early, the fund aims to benefit if their intrinsic value is eventually recognised.
Key aspects of contrarian investing:
Invests in undervalued companies
Targets undervalued stocks for growth as the market corrects.
Read MoreCapitalizes on market sentiment
Leverages market biases to spot overlooked opportunities.
Read MoreDiversified across market caps
Invests in large, mid, and small caps for comprehensive growth.
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Nimesh Chandan has over 24 years of experience in the Indian Capital Markets. He has spent 18 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.
Sorbh Gupta has over 16 years of experience in the Indian Capital Markets. In November 2022, he was appointed as Head – 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.
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 Head – 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.
| Instruments | Indicative allocations (% of total assets) | |
|---|---|---|
| Minimum | Maximum | |
| Equity and Equity Related securities of following: | 75% | 100% |
| Large Cap Companies | 25% | 50% |
| Mid Cap Companies | 25% | 50% |
| Small Cap Companies | 25% | 50% |
| Debt and Money Market Instruments* and units of mutual fund schemes | 0% | 25% |
| Units issued by REITs and InvITs | 0% | 10% |
*Debt instruments shall be deemed to include securitized debts (excluding foreign securitized debt). Money market instruments will include commercial papers, commercial bills, Triparty REPO, Reverse Repo and equivalent and any other like instruments as specified by SEBI and Reserve Bank of India from time to time.
An open ended equity scheme investing across large cap, mid cap, small cap stocks.
NIL
| Type of Load | Load chargeable (as %age of NAV) | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Entry | Nil | |||||||||
| Exit** |
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to view Total Expense Ratio
Multi cap funds offer a diversified approach by investing in stocks across various market capitalizations, including large cap, mid cap, and small cap stocks. This flexibility allows fund managers to tap into opportunities in different segments of the market. By diversifying across market capitalisations, multi cap funds aim to combine the growth potential of smaller companies with the relative stability of large caps.
Mutual funds follow specific requirements based on the fund category. For instance, Large Cap Funds need to invest predominantly in the top 100 companies by market capitalization, while Small Cap Funds focus on smaller companies.
Multi cap funds, on the other hand, can invest across large cap, mid cap, and small cap stocks, maintaining a minimum 25% allocation to each. This gives them exposure to varying opportunities in each category in different market conditions.
When you invest in the Bajaj Finserv Multi Cap Fund, you can choose between two types of plans: Direct Plan and Regular Plan.
With this route, investors transact directly with the asset management company, without involving a distributor. Since there are no commission costs, the expense ratio is lower. It can be suitable for informed investors who want to independently create and manage their portfolio.
Here, you invest through a distributor, who assists you with the fund selection and investment process. For this, the fund charges a commission fee in its expense ratio. This means the expense ratio is a bit higher than in the direct plan. However, it also means you get tailored fund recommendations based on your goals and risk appetite. The distributor also helps you with the investments redemptions and other processes.
You can invest in Bajaj Finserv Multi Cap Fund either online or offline.
Offline mode: You can fill out the application form and submit it at any of the AMC’s official points of acceptance (OPATs). If you are taking the help of a distributor, they may help you fill the form and submit it on your behalf.
Online Mode: You can invest through Bajaj Finserv AMC’s investor portal. There, you can create an online account, select Bajaj Finserv Multi Cap Fund, and initiate an SIP or lumpsum. You can also invest through aggregator platforms.
Bajaj Finserv Multi Cap Fund is an equity mutual fund, so it follows the tax rules applicable to equity-oriented schemes. The tax you pay depends on how long you stay invested.
Short-term capital gains (STCG): If you redeem your units within 12 months of purchase, any gains are classified as short-term and taxed at 20%, along with applicable surcharge and cess.
Long-term capital gains (LTCG): If you stay invested for more than a year, your gains are considered long-term. Gains up to ₹1.25 lakh in a financial year are exempt from tax. Any gains above that are taxed at 12.5%, plus surcharge and cess as applicable.
| ELSS Tax Saver Fund | Healthcare Fund | Flexi Cap Fund |
|---|---|---|
| Large and Mid Cap Fund | Small Cap Fund | Large Cap Fund |
| Consumption Fund | Banking and Financial Services Fund |
| Equity Funds | Debt Funds | Hybrid Funds | Index Funds |
|---|---|---|---|
| Exchange Traded Fund Funds | Savings+ | All Mutual Funds |
Multi cap funds invest a minimum of 25% each in large, mid and small cap companies. Flexi Cap Funds have no such limits and can invest across the market capitalization spectrum with a minimum investment of 65% in equity and equity related instruments.
Contrarian investing goes against market trends to find undervalued opportunities, leveraging inefficiencies for long-term gains.
Contrarian investing and value investing share similarities, as both involve buying favourably valued assets, but they differ in approach. Contrarian investors go against market sentiment, while value investors focus on undervalued opportunities regardless of market trends.
Bajaj Finserv Multi Cap Fund is an open-ended equity scheme that invests across large, mid, and small cap stocks. The objective of the scheme is to generate long-term capital appreciation by investing in equity and equity-related securities of large cap, mid cap and small cap companies. However, there is no assurance that the investment objective of the scheme will be achieved.
You can invest in Bajaj Finserv Multi Cap Fund either online or offline.
The NAV of a scheme changes on every business day. For the latest NAV, please refer to the scheme details above.
AUM (Assets Under Management) varies with market activity. Refer to the latest factsheet or the scheme page for current figures.
The fund’s risk classification is based on the portfolio composition as well as SEBI guidelines and is subject to periodic review. Refer to the Riskometer above on this page or latest documents for the current risk level.
Top holdings may change over time. Please refer to the latest factsheet for up-to-date information.
Being a multi cap fund, the scheme must invest a minimum of 25% of its portfolio each in large, mid, and small cap companies. The detailed asset allocation of the fund is mentioned in the Scheme Information Document.
No, there is no lock-in. However, an exit load may apply if you redeem units before a certain period. Check the scheme document for details.
Expense ratios vary by plan (Direct or Regular). Please go to the TER section on this page or check the latest factsheet for the current TER.
The investment horizon that is suitable for you may vary depending on your financial goals and market conditions. Multi cap funds are generally considered suitable for long-term investors, but it is reccommended to consult a financial advisor to determine what works for your specific needs.
They invest across the market in large, mid, and small cap stocks offering a mix of relative stability and growth potential.
They carry very high market risk due to exposure in mid and small caps. However, the diversified structure can help mitigate risk to some extent.
Returns can vary based on several factors like market trends, fund strategy, and how long you stay invested. Past performance may or may not be sustained in future.
If you’re seeking diversification across market caps and have a long-term horizon, it may be suitable. Consider your goals and risk tolerance before investing.
Both have unique advantages and drawbacks. Multi cap funds require a minimum 25% allocation to each market cap, providing disciplined exposure, while flexi cap funds can flexibly adjust their portfolios across market caps. Your choice depends upon the investment strategy you find more suitable.
It focuses on fundamentally strong but undervalued companies, taking positions that go against short-term market sentiment.
The fund invests across large cap, mid cap, and small cap stocks, with a minimum exposure of 25% to each, ensuring disciplined exposure to all three market caps.
The portfolio is periodically reviewed and rebalanced to align with the fund’s strategy and market conditions. For latest details, please check the most recent Factsheet or the AMC website.
Yes, investors can switch between Direct and Regular Plans, subject to applicable terms and procedures.
Exit loads may apply if units are redeemed within a specified period; refer to the scheme documents for details. For latest details, please check the most recent factsheet or the AMC website.
The fund holds a mix of large, mid, and small-cap stocks; allocations are updated regularly. For latest details, please check the most recent factsheet or the AMC website.
The fund follows a contrarian investing approach, seeking undervalued and overlooked opportunities. It seeks to maintain favourable risk-adjusted return potential with disciplined exposure to all market caps.
A multi cap fund’s suitability varies based on an investor’s risk profile, goals, and time horizon. It can be suitable for investors who can tolerate volatility and have a long investment horizon.
Multi cap funds may be suitable for long-term investors due to diversified equity exposure. Outcomes depend on market performance and investment objectives.
There is no universally better option between mid cap and multi cap funds. The choice depends on risk tolerance, investment horizon, and portfolio allocation needs.
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Our Investment Philosophy reflects what we, as an organisation, believe will generate a good return on equity investment for our investors in the long term. It dictates our goals and guides decision making.
Alpha (a) is a term used in investing to describe an investment strategy’s ability to beat the market.
Alpha is thus also often referred to as excess return or the abnormal rate of return in relation to a benchmark, when adjusted for risk. Essentially, it means doing better than the crowd without taking disproportionate risk.
Collecting superior information
Analysts and portfolio managers strive to collect superior information about the business and the management of the company. They try to generate superior earnings forecast and the balance strength of the company and the industry, thereby trying to 'beat the market' on information edge. This is an important source of alpha for an investor. However, over the years, retaining the information edge has become more difficult and expensive. With a whole lot of investors trying to collect superior information, how can an investor be sure to continuously have accurate and material information about the companies, ahead of others, all the time?
Processing information better
Even if you don't have material information earlier than the crowd, you can still generate better outcomes if you are able to process this information better. Investors develop models and algorithms with enhanced predictive powers to forecast the next move. Fund managers who invest based on some pure formal analytical models are quantitative managers. Here, the goal is to try and beat other investors based on the sophistication of procedures or analytics. The analytical edge can be quite useful until it gets copied by many, and then it may stop generating superior returns.
Exploiting behavioural biases
As the name suggests, this edge is achieved by superior behaviour in reacting to the inputs available to maximise alpha. Modern finance assumes people behave with extreme rationality. However, researchers in behavioural finance have shown that this is not true. Moreover, these deviations from rationality are often systematic. Behavioural managers try to exploit situations where securities are mispriced by the market because of behavioural factors. At Bajaj Finserv AMC, we endeavour to combine the best of these edges.
