NFO Update: Bajaj Finserv Mutual Fund launches multi cap fund

Bajaj Finserv Mutual Fund has announced the launch of multi cap fund, an open ended equity scheme investing across large cap, mid cap, small cap stocks.

The new fund offer or NFO of this multi cap fund will open for subscription on February 6 and will close on February 20. The scheme will reopen for continuous sale and repurchase within five business days of allotment date.

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The objective of the scheme is to generate long term capital appreciation by investing in equity and equity related securities of large cap, mid cap and small cap companies.

The scheme will be benchmarked against Nifty 500 Multicap 50:25:25 TRI and will be managed by Nimesh Chandan, Sorbh Gupta, and Siddharth Chaudhary.

If units redeemed/switched out within six months from allotment date, there will be no exit load up to 10% of units held and 1% of the applicable NAV on the remaining 90% of units held. If units redeemed/switched out after six months from the allotment date, there will be no exit load.

The minimum application amount for lumpsum investment is Rs 500 and in multiples of Re 1 thereafter. For Systematic Investment Plan (SIP) investment, the minimum amount is Rs 500 and above with minimum six instalments.

The multi cap fund will allocate 75-100% in equity and equity related securities of large cap, mid cap, and small cap companies, 0-25% in debt and money market instruments and units of mutual fund schemes, and 0-10% in units issued by REITs and InvITs.

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The investment strategy for the fund will focus on a contrarian approach within the equity segment, supported by our INQUBE investment philosophy. The strategy provides a structured framework to identify and invest in fundamentally strong companies that appear attractively valued. The contrarian strategy seeks to capitalize on market inefficiencies, such as potential undervaluation resulting from market overreaction to minor negative events or underreaction to significant positive developments.

This scheme is suitable for investors who are seeking wealth creation over the long term and to invest predominantly in equity and equity related instruments of large cap, mid cap, small cap companies.

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