Bajaj Finserv Asset Management introduces the Bajaj Finserv Large Cap Fund, available for subscription from July 29.
Bajaj Finserv Asset Management Limited has launched the Bajaj Finserv Large Cap Fund. According to Bajaj Finserv AMC, it is designed to provide better risk-adjusted returns over the long term by leveraging a concentrated strategy with a high active share.
The fund’s new fund offer (NFO) will be available for subscription from July 29 to August 12, 2024.
The fund will own a focused portfolio of 25-30 large-cap equities. This high-conviction stock selection technique uses a high active share strategy to achieve long-term outperformance above the benchmark.
According to Bajaj Finserv AMC, the scheme offers investors diversified exposure to large-cap businesses in the Indian stock market.
Mr. Ganesh Mohan, CEO of Bajaj Finserv Asset Management Limited, said, “The Bajaj Finserv Large Cap Fund offers a unique opportunity to invest in the Champions of Corporate India through a single investment avenue. By focusing on select large-cap companies, this fund aims to mitigate the risk of individual stock selection or market timing, thus ensuring a balanced and strategic approach. Our research indicates that the Nifty 100 TRI Index has performed positively in 18 out of the last 21 years. We believe this fund will be a valuable addition to our investors' portfolios and we are confident it will help them achieve their financial goals.”
Nimesh Chandan, Chief Investment Officer, added, “Large-cap companies provide relative stability and reduce volatility in an investor’s portfolio. On a risk-adjusted basis, large caps are currently better positioned compared to mid-cap and small-cap stocks. The Bajaj Finserv Large Cap Fund will stand out by adopting a concentrated approach and maintaining a high active share, which is crucial for outperforming the benchmark. We will focus on selecting 25-30 high-conviction companies to ensure our portfolio delivers strong performance.”
According to Bajaj Finserv AMC, the scheme aims to generate returns corresponding to the performance of the Nifty 100 Total Return Index (TRI).
Bajaj Finserv AMC said the scheme is suitable for investors seeking long-term capital appreciation and wealth creation through investments in large-cap equities. It is also ideal for those looking to diversify their exposure within the large-cap segment and seeking returns aligned with the Nifty 100 TRI.