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Home >> Blog >> Large Cap Fund NFO By Bajaj Finserv Mutual Fund: Review & Nav

Large Cap Fund NFO By Bajaj Finserv Mutual Fund: Review & Nav

  


Large Cap Fund NFO By Bajaj Finserv Mutual Fund:Complete Overview

The Bajaj Finserv Large Cap Fund NFO by Bajaj Finserv Mutual Fund under its AMC, Bajaj Finserv Asset Management Limited with an AUM of over Rs.10,000 crore as of February 29, 2024 is an open-ended equity program predominantly investing in large cap companies. On the Nifty 100 Total Return Index (TRI), the NFO will be open from July 29, 2024 to August 12, 2024, with the amount of Rs.500. This fund aims to generate income and attain long-term capital growth by concentrating on large-cap companies. 80-100% of its assets are allocated to large-cap stocks, 0-20% to foreign and non-large-cap stocks, 0-20% to debt and money market instruments and 0-10% to REITs and InvITs. This scheme is categorized as extremely risky with no assurance of its fulfillment and is intended for individuals who are looking to invest in large-cap stock predominantly in large-cap companies with the goal of long-term capital growth.

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Fund Overview

This Large Cap Fund NFO has set the minimum subscription amount at Rs.500 and in multiples of Rs.1 thereof with a stamp duty of 0.005% (From July 1st, 2020).

Start Date

29 July 2024

End Date

12 August 2024

Allotment Date / Subscription Date

Within 5 business days after the end date of the NFO.

VRO Rating

-

Expense Ratio

NA

Exit Load

1% if redeemed within 6 months and Nil after 6 months.

AUM 

Rs.10000+ crore

Lock-In

NA

Stamp Duty

0.005% (From July 1st 2020)

Benchmark 

Nifty 100 Total Return Index (TRI)

Min. Investment

Rs.500

Risk

Very High

Short-Term Capital Gains (STCG)

For less than 1 year, a 20% Tax is applicable.

Long-Term Capital Gains (LTCG)

For more than 1 year, a 12.50% Tax is applicable above the gain of Rs.1.25 lac.

 

How To Invest In The NFO After The Closure Date?

If you have missed participating in the NFO and now want to invest in the same Scheme on a continuous basis, then within 5 business days after the closure date of the NFO; you can participate directly in the Mutual Fund by spending at NAV based price; by logging on to your Demat Account or directly with the AMC and search for “Bajaj Finserv Large Cap Fund” or simply touch the “Banner” below.

 

 

The Objective of The Fund

The Scheme seeks to provide returns that generate income and attain long-term capital growth by concentrating on large-cap companies. Nevertheless, there can be no assurance or guarantee that the scheme's investment goals will be met.


Asset Allocation (% Of Net Assets) Of The Scheme's Portfolio Will Be As Follows:

Types of Instruments

Minimum Allocation (% of Net Assets)

Maximum Allocation (% of Net Assets)

Equities & equity-related securities of large-cap companies.

80

100

Securities linked to equities that are not from large-cap companies, as well as securities connected to equity that is from overseas companies

0

20

Debt And Money Market Instruments

0

20

Units issued by REITs & InvITs

0

10

 

Peers of Bajaj Finserv Large Cap Fund

Scheme

1Y Return (%)

AUM (Cr)

JM Large Cap Fund (Direct)-Growth

48.9

234

Nippon India Large Cap Fund-Direct Plan-Growth Plan

40.8

29534

ICICI Prudential Bluechip Fund-Direct Plan-Growth

40.1

59364

HDFC Top 100 Fund-Direct-Growth

36.6

35435

Since this scheme is a new scheme, hence no comparable data of its past performance against its peers is available.

 

Risk Factors In Such Funds

  • Foreign securities, including foreign stocks, may be purchased by the Scheme. These kinds of investments come with risks, including those associated with changes in foreign currency rates, the country's securities market, capital repatriation because of exchange regulations, and political situations.

  • The nature of equity and equity-related securities is volatile, and their prices might change every day. Numerous micro and macroeconomic factors influencing the securities markets are to blame for the volatility in the value of stock and equity-related products. This might negatively affect certain stocks or the industry, which would then affect the scheme's net asset value.

  • The scheme's success will be directly impacted by the Nifty 100 TRI performance. Therefore, the scheme will be affected by any changes in composition caused by changes in weightage or stock selection.

  • Due to daily price variations brought on by market changes, REITs and InvITs are unstable investments.

 

Past Performance of Equity / Large Cap Funds

Equity / Large Cap Funds

NAV (Rs.)

Annualized Returns (%)

Return / Risk

Edelweiss Large Cap Fund-Direct Plan-Growth

96.45

37.53

Very High

Baroda BNP Paribas Large Cap Fund-Direct Plan-Growth

258.20

43.85

Very High

Kotak Bluechip Fund-Direct Plan-Growth

641.871

36.59

Very High 

 

Bajaj Finserv Large Cap Fund NFO-Who Can Invest?

This Fund is ideal for those who want to invest in large-cap stock predominantly in large-cap companies with the goal of long-term capital growth.

 

Bajaj Finserv Large Cap Fund NFO-Growth Fund Managers

  • Mr. Siddharth Chaudhary

  • Mr. Sorbh Gupta

  • Mr. Nimesh Chandan

 

Conclusion

The Large Cap Fund NFO By Bajaj Finserv Mutual Fund is designed for such investors looking to diversify their portfolios through investments to attain long-term capital appreciation by investing in large-cap stock predominantly in large-cap companies with the goal of long-term capital growth. The scheme is a new one and no past performance data is available. Always assess your Financial Goals, Risk tolerance, time horizon, etc. before making an investment decision. 

Disclaimer: This NFO analysis is provided solely for informative reasons and should not be construed as investment advice. Always conduct research and talk with a financial advisor before investing.



Frequently Asked Questions

+

The NFO opens for business on July 29, 2024.c

+

The end date of the NFO is 12 August 2024.

+

The NFO's Fund Managers are Mr. Siddharth Chaudhary, Mr. Sorbh Gupta, and Mr. Nimesh Chandan.

+

The minimum investment for the NFO is Rs.500.



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