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Bajaj Finserv Asset Management Limited has marked the first anniversary of its flagship equity fund, Bajaj Finserv Flexi Cap Fund. This is its first equity fund to complete a year of investing. The fund delivered robust performance in its inaugural year, giving returns of 41.30%* under the regular plan and 43.43%* under the direct plan. 

The fund follows the MEGATRENDS investing strategy. Megatrends are significant, widespread changes with a significant long-term impact on economies, industries, and societies. These shifts arise from fundamental changes in technological, regulatory, economic, nature/ environmental demographic and social shifts driving new opportunities and challenges. Megatrends have broad influence, shaping various sectors and sparking transformative innovations. For investors, recognizing and investing in sectors benefiting from these trends may yield substantial long-term returns. Early identification and investment in these evolving trends can position investors for long-term success as they reshape market dynamics and economic behaviour. The early success that the fund has met can be attributed to the potential that Megatrend investing has for the long term.

Using the megatrends approach for sectoral and stock selection, Bajaj Finserv Flexi Cap Fund invests in 60 plus stocks that may benefit from prevailing and upcoming movements in the market. The fund’s top allocations are in banking and financial services, pharmaceuticals, automobiles, technology, chemical and consumer sectors.

Speaking on the fund’s one-year milestone, Ganesh Mohan, CEO, Bajaj Finserv AMC, said, "We are thrilled to mark the first anniversary of our flagship equity fund. The growth reflects our journey of strategic investment decisions, disciplined risk management, and dynamic allocation, all under the theme of Megatrend Investing. This strategy allowed us to spread investments over time, reducing the impact of market volatility from geopolitical risks and optimizing our entry points. This approach ensured that our fund remained true to its label, dynamically adjusting market cap allocations and strategically selecting sectors based on evolving market conditions.”

 Elaborating on the outperformance Nimesh Chandan, CIO, Bajaj Finserv AMC said, “Bajaj Finserv Flexi Cap Fund is uniquely positioned to tap into India’s megatrend-driven opportunities across technology, regulatory, sustainability, demographics, economic and social changes. It has a diversified portfolio spread across key sectors. Emphasis has been laid on creating a portfolio of quality companies that have strong tailwinds for growth.”

The Bajaj Finserv Flexi Cap Fund is an open-ended equity scheme which aims to provide long-term capital appreciation by investing in equity and equity related instruments across market capitalization. The fund is benchmarked against BSE 500 TRI.

Bajaj Finserv Asset Management Limited has grown significantly in both size and scope since the launch of its maiden scheme. In its first year, the fund house has launched 10 active schemes, (3 Equity, 4 Debt and 3 Hybrid) along with 3 ETFs registering a total AUM of Rs 17,255 crore## (as on 31^st Aug 2024). It currently has over 40,000 empanelled distributors.

The fund house has developed trust among investors through exhaustive research and by incorporating its inhouse investment philosophy InQuBe (INformation edge + QUantitative edge + BEhavioral edge) in stock selection and allocation.

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