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Bajaj Finserv Mutual Fund today marked the third anniversary of its flagship fund, the Bajaj Finserv Flexi Cap Fund, an open-ended equity scheme investing across large cap, mid cap and small cap stocks using a unique Megatrends strategy

Since its launch on 14 August 2023, the fund’s Direct Plan–Growth option has delivered a CAGR of 18.21% compared to 12.74% delivered by its benchmark, the BSE 500 TRI—an outperformance of 5.47 percentage points as on 13^th August 2026. The Regular Plan–Growth option has delivered a CAGR of 16.59% over the same period.

Across the full market cycle from 14 August 2023 to 13 August 2026, the Direct Plan–Growth delivered an absolute return of 65.2%, compared to 43.3% for the BSE 500 TRI. The Regular Plan–Growth option delivered 58.5% over the same period.

As of 13^th August 2026, an investment of Rs 10,000 in the Direct Plan at inception would have grown to Rs 16,513, compared to Rs 14,325 in the BSE 500 TRI and Rs 13,003 in the Nifty 50 TRI, the scheme’s additional benchmark. An equivalent investment in the Regular Plan–Growth option would have grown to Rs 15,843.

Consistent performance across market cycles

The fund has delivered a favourable risk-adjusted performance profile, with a Sharpe ratio of 0.82, compared with 0.50 for the BSE 500 TRI, reflecting a favourable risk-return profile relative to the benchmark. It also recorded a lower standard deviation of 13.24 versus 14.22 for the benchmark, along with a Jensen’s alpha of 4.48% since inception. Together, these metrics highlight the fund’s disciplined approach to managing risk while generating returns.

Growing investor confidence

The fund’s assets under management stood at Rs 8,149.81 crore as of 31 July 2026, spread across 3,22,231 investor folios.

Its Direct Plan–Growth NAV was 16.52 while the Regular Plan–Growth NAV was 15.85 as of 13th August 2026.

A megatrends approach to long-term investing

The Bajaj Finserv Flexi Cap Fund follows a unique Megatrends investment strategy designed to identify businesses positioned to benefit from long-duration structural shifts.

Its proprietary T.R.E.N.D.S. framework evaluates opportunities across six areas:

• Technology
• Regulatory developments
• Economic change
• Nature and sustainability
• Demographic shifts
• Social change

The strategy combines top-down identification of structural trends with bottom-up company research and valuation discipline. It also draws on the AMC’s InQuBe investment philosophy, which integrates informational, quantitative and behavioural insights into portfolio decisions.

With high active share of 70%, the fund maintains a differentiated, conviction-led portfolio. True to its label, the Bajaj Finserv Flexi Cap Fund has made meaningful allocation shifts across market cycles, including an underweight position in IT and a focus on consumer durables, pharma, auto components and diversified metals. This conviction-led approach has helped the fund outperform its benchmark across market cycles, while aim to limit losses and recovering faster during most corrections.

Over the past three years, the fund has invested in themes including healthcare, contract research and manufacturing services, energy transition, electrification, and precision engineering linked to India’s defence and manufacturing growth. It continues to assess emerging opportunities in artificial intelligence and data centres, domestic manufacturing, commodities, electric vehicles and battery storage.

Speaking on this milestone, Ganesh Mohan, Managing Director, Bajaj Asset Management Limited, said,” Completing three years marks an important milestone for Bajaj Finserv Flexi Cap Fund, our flagship equity fund. Since its launch in August 2023, the fund has grown to over Rs 8,100 crore in assets under management and is held over 3 lakh investor folios as on 31 July 2026. This growing participation reflects the trust investors have placed in our differentiated, megatrends-led approach and our commitment to remaining true to label.

The fund’s journey reinforces our belief that disciplined investing, thoughtful risk management and consistent execution across market cycles are essential to long-term wealth creation.”

Adding further, Nimesh Chandan, Chief Investment Officer, Bajaj Asset Management Limited, said “As Bajaj Finserv Flexi Cap Fund completes three years, our investment philosophy remains centred on identifying megatrends that can shape future profit pools and selecting quality businesses with the capabilities, balance-sheet strength and management depth to benefit from them. Our flexibility across market capitalisations allows us to pursue opportunities arising from technological, regulatory, demographic, sustainability, economic and social shifts, while remaining firmly anchored in fundamental research and valuation discipline. We continue to focus on building a diversified portfolio of durable businesses with the potential to compound value over the long term.”

Performance snapshot

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