Publish Date:
Bajaj Finserv Mutual Fund has launched Bajaj Finserv Large Cap Fund
It is an open-ended equity scheme predominantly investing in large cap stocks
The investment objective of the scheme is to generate long term capital appreciation and income distribution to investors by predominantly investing in equity and equity related instruments of large cap companies. However, there is no assurance that the investment objective of the Scheme will be achieved.
Under normal circumstances, Bajaj Finserv Large Cap Fund will hold an allocation of 80% to 100% in Equities & Equity related securities of large cap companies, 0% to 20% in Equities & Equity related securities of other than large cap companies, equity & equity related securities of foreign companies, 0% to 20% in Debt and Money Market Instruments and 0% to 10% in Units issued by REITs and InvITs.
[Read: 5 Top-performing Large Cap Mutual Funds of 2024 in India Over the Last 5 Years]
Bajaj Finserv Large Cap Fund is an actively managed scheme that seeks to generate long term capital appreciation and income distribution to unitholders from a portfolio that predominantly invests in equity and equity related securities of high conviction large cap companies, and balance in equity and equity related securities of mid or small cap companies, foreign companies, debt securities and money market instruments.
The Scheme seeks to add the best opportunities that the market presents, without any sector bias. The Scheme shall adopt a disciplined yet flexible long-term approach to investing with a focus of generating long term capital appreciation. The Scheme will follow the bottom up approach to identify bargain stocks with promising potential for long term growth. The Scheme shall look at such opportunities in the universe of large and established companies.
Bajaj Finserv Large Cap Fund is benchmarked against the Nifty 100 TRI
Bajaj Finserv Large Cap Fund will be managed by Mr Nimesh Chandan, Mr Siddharth Chaudhary and Mr Sorbh Gupta.
Bajaj Finserv Large Cap Fund is open for subscription from July 29, 2024 to July 26, 2024. The fund will reopen for continuous sale and repurchase within 5 business days.
The fund offers Direct Plan and Regular Plan. Under each plan the fund offers Growth option and Income Distribution cum Capital Withdrawal.
The minimum subscription amount is Rs 500/- and in multiples of Re. 1 thereafter.