Mutual Fund NFO: Bajaj Finserv AMC launches large cap fund with Rs 500 as minimum SIP investment; know who should invest in it?

Bajaj Finserv NFO: Bajaj Finserv on Thursday (July 25, 2024) opened the subscription for its new large-cap mutual fund scheme. The equity mutual fund is available in direct and regular plans via the growth and IDCW options. In this write-up, know details such as open and close dates, minimum subscription, fund manager, risk-o-meter, and who should invest in the fund?

Bajaj Finserv Large Cap Fund NFO open and close date

The NFO opens for subscription on July 29 and closes on August 12, 2024.

Bajaj Finserv Large Cap Fund minimum investment

The scheme will be available in both direct and regular plans via growth and IDCW options with a minimum investment of Rs. 500 for lump sum as well as SIP.

Bajaj Finserv Large Cap Fund investment strategy

The fund house says the fund will follow the concentrated strategy with investment in select 25-30 stocks.

Bajaj Finserv Large Cap Fund will invest 80% to 100% in equities and equity-related securities of large cap companies.

It may invest 0 per cent to 20 per cent in equities and equity-related securities of non-large cap companies, or equity and equity-related securities of foreign companies, or debt or money market instruments.

It may also invest 0 per cent to 10 per cent in units issued by REITs and InvITs.

Who should invest in Bajaj Finserv Large Cap Fund?

The fund house says that the product is suitable for investors who are seeking wealth creation over the long term through investments in equity and equity-related instruments of large-cap companies. 

Bajaj Finserv Large Cap Fund managers

The fund will be managed by Nimesh Chandan, CIO, Bajaj Finserv AMC, along with Sorbh Gupta, Senior Fund Manager for equity investments, and Siddharth Chaudhary, Senior Fund Manager for debt investments. 

Bajaj Finserv Large Cap Fund benchmark

The scheme will be benchmarked against Nifty 100 Total Return Index (TRI).

Bajaj Finserv Large Cap Fund risk-o-meter

The mutual fund house has categorised the scheme as very high risk.

What is a concentrated strategy?

The concentrated investment strategy is based on prevailing market conditions and opportunities available at the time of investment.

The fund manager reserves the right to change the count of stocks invested based on the SID and the opportunities available at the time of investment done.

Positions in derivatives will not be considered for the computation of the total number of stocks in the portfolio, the fund house says.