Bajaj Finserv Asset Management Limited recently celebrated the first anniversary of its flagship equity fund, Bajaj Finserv Flexi Cap Fund. The fund, which marked its first successful year of investing, delivered impressive returns of 41.30%* under the regular plan and 43.43%* under the direct plan. The fund’s growth trajectory reflects a strong commitment to Megatrend investing, which has positioned it as a standout performer in its category.
Launched with an initial AUM of Rs. 1,051.17 crore during its New Fund Offer (NFO) period, the Bajaj Finserv Flexi Cap Fund saw its assets swell to over Rs. 3,600 crore by August 2024. This represents a staggering 3.4x growth in just one year, underscoring the fund’s appeal among investors looking to capitalize on dynamic market opportunities.
At the heart of the fund’s strategy is its focus on Megatrends—powerful, long-term shifts that redefine industries and economies. These trends, driven by technological, regulatory, economic, environmental, and demographic changes, create new investment opportunities and reshape market dynamics. Bajaj Finserv Flexi Cap Fund aims to identify and invest early in sectors poised to benefit from these transformative trends, positioning investors for substantial long-term gains.
Leveraging the Megatrends approach, the fund invests in over 60 stocks across various sectors, including banking and financial services, pharmaceuticals, automobiles, technology, chemicals, and consumer sectors. This diversified strategy ensures that the fund is well-positioned to capture gains from prevailing and upcoming market movements, maximizing returns while mitigating risks.
Ganesh Mohan, CEO of Bajaj Finserv AMC, expressed his excitement over the fund’s milestone, stating, “The growth reflects our journey of strategic investment decisions, disciplined risk management, and dynamic allocation, all under the theme of Megatrend Investing. This approach allowed us to spread investments over time, reducing the impact of market volatility from geopolitical risks and optimizing our entry points.”
Nimesh Chandan, CIO of Bajaj Finserv AMC, highlighted the fund’s unique positioning, emphasizing its ability to tap into India’s Megatrend-driven opportunities. “Our diversified portfolio focuses on quality companies with strong growth tailwinds, aligning with key sectoral opportunities,” he added.
The Bajaj Finserv Flexi Cap Fund is an open-ended equity scheme aiming to provide long-term capital appreciation by investing across market capitalizations. Benchmarked against the BSE 500 TRI, the fund’s dynamic and adaptive investment approach has made it a popular choice for investors seeking exposure to high-growth sectors.
Since the launch of its first scheme, Bajaj Finserv Asset Management Limited has expanded its offerings significantly. The AMC has introduced 10 active schemes, including equity, debt, and hybrid funds, alongside three ETFs, accumulating a total AUM of Rs. 17,255 crore by August 2024. The fund house has built trust among investors through its unique InQuBe (Information edge + Quantitative edge + Behavioral edge) investment philosophy, which guides stock selection and allocation.
*Source: Internal Data as of 31st August 2024 (Since Inception Annualized Return)
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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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