Bajaj Finserv Mutual Fundhas attained a significant milestone crossing Rs. 17,000Cr AUM in its first year of launch, as on 31st Aug 2024.  The fund house 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.The Fund house recently celebrated the first anniversary of Bajaj Finserv Flexi Cap Fund, its flagship equity fund. In its first year of operation, the fund has deliveredstrong returns, both in direct and regular plans. The Fund crossed Rs 3500Cr AUM in its first year of launch. 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 funds top allocations are in banking and financial services, pharmaceuticals, automobiles, technology, chemical and consumer sectors. Recently, the fund house launched its third equity scheme, the Bajaj Finserv Large Cap Fund. This was following a study by the AMChighlighting that large caps tend to be a relatively low-risk approach to investing in Indian equities as compared to small and mid caps, especially at the present market valuation.

Stay updated with all the Bhopal Latest News headlines here. For more exclusive & live news updates from all around India, stay connected with NYOOOZ.