The Bajaj Finserv Large and Mid-Cap Fund is an open-ended equity scheme aiming for long-term capital appreciation through investments in a diversified portfolio of large and mid-cap stocks across various sectors. Launched on February 6th, 2024, it has a new fund offer (NFO) closure date of February 20th.
There’s no entry load, but an exit load applies within 6 months of purchase: 1% for redemptions exceeding 10% of allotted units, and nothing for redemptions below that or after 6 months. The minimum investment is Rs 500. Remember, there’s no guarantee the scheme will achieve its objective.
To generate long-term capital appreciation by investing in a diversified portfolio of equity and equity-related securities, predominantly in large and mid-cap stocks from various sectors. The fund manager may also seek participation in other equity and equity-related securities.
Risk-o-meter – Scheme: High Risk, Benchmark: High Risk
Funds Allocation
| Instrument | Indicative Allocation | Risk Profile |
| Equity and equity related instruments of large cap companies | 35% to 65% | Very High |
| Equity and equity related instruments of mid cap companies | 35% to 65% | Very High |
| Equity and equity related instruments other than large and mid-cap companies | 0% to 30% | Very High |
| Debt instruments and money market instruments* and units of mutual fund schemes | 0% to 30% | Low to Moderate |
| Units issued by REITs and InviTs | 0% to 10% | Moderately High |
Benchmark
The Scheme benchmark would be Nifty Large Midcap 250 TRI.
The Nifty Midcap 150 and Nifty 100 indexes, which represent a portfolio of 150 midcap and 100 big-cap businesses listed on the NSE, respectively, are used to calculate the performance of the Nifty big-Midcap 250. Every quarter, the combined weight of large-cap stocks and mid-cap companies is reset to 50% each.
Fund Managers
Nimesh Chandan, Age: 46 years, Educational Qualification: B.Com, MMS (Finance), Nimesh has over 23 years of experience in the Indian Capital Markets. (Equity portion)
Sorbh Gupta, Age: 43 years, Educational Qualification: CA, CFA, BCOM, Sorbh has over 16 years of experience in the Indian Capital Markets.
Siddharth Chaudhary, Age: 41 years, Educational Qualification: B. Com, PGPSM (Debt portion)
Peer Funds
| Scheme Name | Launch Date | AUM (Crore) | Expense Ratio (%) | Returns as on – 09-02-2024 in % | ||||
| 2024 | 2023 | 2022 | 2021 | 2020 | ||||
| Equity: Large and Mid Cap | – | – | – | 3.7 | 30.14 | 1.82 | 37.51 | 16.47 |
| NIFTY LARGE MIDCAP 250 TRI | – | – | – | 3.89 | 32.66 | 4.48 | 37.04 | 20.87 |
| Mirae Asset Large and Midcap Fund Reg Gr | 05-07-2010 | 32492.17 | 1.57 | 2.07 | 29.34 | -1.45 | 39.13 | 22.4 |
| Canara Robeco Emerging Equities Reg Gr | 05-03-2005 | 19904.48 | 1.65 | 1.12 | 24.04 | -1.65 | 36.99 | 24.55 |
| SBI Large & MidCap Reg Gr | 28-02-1993 | 18926.33 | 1.67 | 2.56 | 26.79 | 7.27 | 39.35 | 15.76 |
| Kotak Equity Opp Gr | 05-09-2004 | 17782.63 | 1.64 | 3.16 | 29.33 | 6.99 | 30.42 | 16.46 |
| HDFC Large and Mid Cap Gr | 18-02-1994 | 15021.94 | 1.73 | 3.96 | 37.72 | 8.17 | 43.08 | 11.43 |
| Axis Growth Opp Reg Gr | 10-10-2018 | 10722.03 | 1.73 | 3.72 | 30.95 | -8.89 | 44.56 | 24.7 |
| DSP Equity Opp Reg Gr | 16-05-2000 | 10387.00 | 1.76 | 3.25 | 32.47 | 4.37 | 31.2 | 14.24 |
| ICICI Pru Large & MidCap Gr | 09-07-1998 | 10267.70 | 1.78 | 6 | 29.94 | 11.7 | 41.8 | 11.73 |
| Tata Large & MidCap Reg Gr | 31-03-1993 | 6183.79 | 1.82 | 2.44 | 22.88 | 11.21 | 28.53 | 15.49 |
| Sundaram Large and MidCap Gr | 10-02-2007 | 6074.51 | 1.82 | 1.38 | 31.2 | 2.16 | 40.03 | 16.85 |
| ABSL Equity Advtg Reg Gr | 24-02-1995 | 5566.35 | 1.89 | 0.08 | 26.93 | -12.98 | 38.27 | 18.3 |
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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.
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