Bajaj Finserv Asset Management Limited has introduced the Bajaj Finserv Large Cap Fund, offering investors a fresh opportunity to capitalize on India’s leading corporations. Launching its New Fund Offer (NFO) on July 29, 2024, and closing on August 12, 2024, this fund is designed to provide high returns through a concentrated investment strategy focusing on a select 25-30 stocks.
The fund employs a high active share approach, aiming to outperform the Nifty 100 Total Return Index (TRI) over the long term. According to recent research by Bajaj Finserv AMC, large cap stocks are near their long-term valuation averages, making them a compelling choice for stable, long-term investments. The fund is tailored for investors seeking wealth creation through equity investments in large-cap companies.
Ganesh Mohan, CEO of Bajaj Finserv AMC, highlighted the fund’s potential, noting, “This concentrated portfolio targets India’s corporate leaders, promising high conviction and active management to exceed benchmark performance.” Nimesh Chandan, Chief Investment Officer, added, “Our fund’s unique strategy and high active share are key to delivering superior returns and managing portfolio volatility.” The fund will allocate 80-100% to large-cap equities, with up to 20% in non-large cap equities, foreign securities, or debt instruments. It is suitable for investors aiming for long-term wealth growth through equity exposure. The scheme offers direct and regular plans with a minimum investment of Rs. 500.
