Publish Date:
Bajaj Finserv Mutual Fund has announced the launch of its first equity scheme – Bajaj Finserv Flexi Cap Fund. It is an open-ended equity scheme that will invest across market capitalizations, based on a ‘MEGATRENDS’ strategy.
The New Fund Offer (NFO) opens for subscription on July 24, 2023 and closes on August 7, 2023.
Nimesh Chandan, CIO, Bajaj Finserv Asset Management, said, “Bajaj Finserv Flexi Cap Fund is based on MEGATRENDS which are powerful long-term changes that affect economies, businesses, and companies. Spotting Megatrends paves the way for long term Buy-and-Hold investing opportunities and this is a key differentiator between cyclical, thematic and factor investing. Our portfolio will be long-term, multi-thematic, multi-cap, multi-sector and growth-oriented.”
According to the fund house, investors can benefit from the strongest megatrends that the fund managers may spot across sectors, themes, market capitalization and geographies. The Bajaj Finserv AMC’s investment team considers megatrends that are monetizable, have a broad reach, and have a long-term influence rather than historical performance.
The Bajaj Finserv Flexi Cap Fund will adhere to an investment philosophy based on InQuBe, the AMC's proprietary framework that extends the informational and quantitative edges into the realm of behavioural finance. It aims to accomplish this in order to get rid of behavioural biases while making investing decisions.
With a potential high active share component, the plan will be a true to label fund in its category. Thus, the fund could be suitable for investors with a high-risk appetite and a long-term investment horizon, and those looking for flexibility to invest in companies of all sizes, from small-caps to large-caps, and across sectors.