The fund combines a long-term megatrend investment approach with the flexibility to invest across market-cap segments, subject to a minimum 65% investment in equity and equity-related instruments. It is the flagship fund of Bajaj Asset Management Limited, formerly known as Bajaj Finserv Asset Management Limited.
Since inception, the Regular Growth plan delivered 16.59% annualised returns, while the Direct Growth plan delivered 18.21%, compared with 12.74% for the BSE 500 TRI benchmark. Over the last year, the Regular Growth plan returned 9.85% and the Direct Growth plan returned 11.26%, against the benchmark’s 4.93%.
The fund’s investment philosophy is built around megatrends, defined as deep and lasting changes in how an economy or society functions. Unlike trends that may dominate headlines for a few quarters, megatrends can unfold over several years, cross industries and alter how businesses compete and how people live, work and consume.
Digitisation, for example, has transformed banking, shopping, entertainment, logistics and healthcare. Rising incomes and urbanisation can influence financial services, housing, travel and discretionary consumption, while manufacturing policies, cleaner energy and infrastructure development can create opportunities across industrial businesses and their supply chains.
These forces can reinforce one another. Electric mobility brings together technology, regulation, environmental priorities and consumer behaviour, with its impact extending from vehicle manufacturers to component suppliers and charging networks. Digital payments similarly reflect the combined impact of smartphone adoption, affordable data, payment infrastructure and changing consumer habits. Megatrend investing therefore extends beyond a single sector and can cut across industries, markets and geographies.
Bajaj Finserv Flexi Cap Fund studies megatrends through its T.R.E.N.D.S. framework, covering Technological, Regulatory, Economic, Nature, Demographic and Social factors.
The Technological lens focuses on advances such as digitisation, automation and artificial intelligence that can change how industries operate and deliver products or services. The Regulatory lens considers policy and regulatory shifts, including manufacturing and infrastructure initiatives, that can reshape industries or create new markets. The Economic lens covers structural changes such as financialisation, rising consumption and infrastructure expansion that can influence long-term business growth.
The Nature lens examines environmental priorities including sustainability, clean energy and cleaner mobility. The Demographic lens considers factors such as a large working-age population, rising incomes and urbanisation that support consumption and economic growth. The Social lens focuses on evolving lifestyles and consumer behaviour, including urbanisation and the growing focus on health and wellness, which are creating new patterns of demand across industries.
Identifying a megatrend is only the starting point. The next stage is determining whether a structural change can translate into a viable company-level opportunity. Companies considered for the portfolio should be beneficiaries of the trend, offer a monetisable opportunity, have strong fundamentals and trade at favourable valuations.
The investment process begins with a universe of roughly 1,100 stocks. Applying the megatrends lens narrows this to around 340 to 380 companies whose businesses may be positioned to participate in one or more structural shifts identified through the T.R.E.N.D.S. framework.
Top-down research examines how these shifts may affect economies, industries and value chains, while bottom-up analysis assesses individual companies. The process also incorporates the AMC’s INQUBE philosophy, combining informational, quantitative and behavioural insights in investment decisions. From the screened universe, a portfolio of approximately 40 to 60 holdings may be constructed. The number of stocks is tentative and for understanding purposes only, with the final portfolio potentially holding more or fewer names depending on prevailing market conditions. The source is Internal Analysis, and the data is based on the latest available information and is subject to change in future. The AMC is not responsible for any decision taken based on the data disclosed in the communication.
A megatrend does not arrive classified as large cap, mid cap or small cap. A large company may have the resources to scale a new market, a mid-sized business may gain share as an industry expands, and a smaller company may possess a specialised capability within a developing value chain.
The fund’s flexi cap mandate allows the fund manager to pursue opportunities without maintaining a fixed allocation across market-cap segments, subject to a minimum 65% investment in equity and equity-related instruments. As of July 31, 2026, Bajaj Finserv Flexi Cap Fund held 44.17% in large cap companies, 23.02% in mid cap companies and 29.33% in small cap companies. The allocation reflects opportunities identified through the investment process rather than a pre-set balance among the three market-cap segments.
The portfolio’s active share against the BSE 500 TRI stood at 70% as of July 31, 2026. Active share measures how far a portfolio’s holdings and weights differ from its benchmark, providing an indication of how distinctly it is positioned. The active share is calculated vis-a-vis the scheme benchmark, BSE 500 TRI.
At three years, Bajaj Finserv Flexi Cap Fund has established an investment identity in which megatrends provide the direction while flexi cap investing provides the flexibility to pursue their beneficiaries across company sizes and sectors. For investors with a long horizon and the ability to accept equity market fluctuations, the fund brings several engines of structural change into one portfolio, while its flexi cap mandate allows the portfolio to adjust as opportunity sets evolve.
Investors can invest in Bajaj Finserv Flexi Cap Fund through a lump-sum investment or a Systematic Investment Plan (SIP). After completing the applicable KYC requirements and reviewing the scheme-related documents, investors may invest through the official website of Bajaj Asset Management Limited, an authorised mutual fund distributor or an eligible third-party investment platform or app. Investors should consider their investment objectives, time horizon and risk appetite before investing. Past performance may or may not be sustained in future.
Bajaj Finserv Flexi Cap Fund is an open ended equity scheme investing across large cap, mid cap and small cap stocks. It is available under the Regular Plan and Direct Plan, with Growth and Income Distribution cum Capital Withdrawal (IDCW) options. The minimum application amount is Rs 500, plus multiples of Rs 1, while the minimum additional application is Rs 100, plus multiples of Rs 1. There is no entry load.
For each purchase of units through Lumpsum, switch-in, Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP), the exit load is applicable as follows: if units are redeemed or switched out within six months from the date of allotment, redemption or switch-out of up to 10% of the units allotted attracts no exit load, while any redemption or switch-out in excess of 10% of the units allotted attracts 1% of the applicable NAV. If units are redeemed or switched out after six months from the date of allotment, no exit load is payable.
The fund managers are Mr. Nimesh Chandan and Mr. Sorbh Gupta for the Equity Portion and Mr. Siddharth Chaudhary for the Debt Portion. The benchmark index is BSE 500 TRI, while SIP, SWP and STP facilities are available.
For a value of investment of Rs.10,000, Bajaj Finserv Flexi Cap Fund - Regular - Growth recorded 9.85% returns over the last one year against 4.93% for the benchmark and 0.13% additional benchmark returns. The corresponding values were Rs 10,985 for the fund, Rs 10,493 for the benchmark and Rs 10,013 for the additional benchmark. Since inception, the Regular Growth plan recorded 16.59% returns against 12.74% for the benchmark and 9.15% additional benchmark returns, with corresponding values of Rs 15,843, Rs 14,325 and Rs 13,003.
For Bajaj Finserv Flexi Cap Fund - Direct - Growth, the last one-year return was 11.26% against 4.93% for the benchmark and 0.13% additional benchmark returns. The corresponding values were Rs 11,126 for the fund, Rs 10,493 for the benchmark and Rs 10,013 for the additional benchmark. Since inception, the Direct Growth plan recorded 18.21% returns against 12.74% for the benchmark and 9.15% additional benchmark returns, with corresponding values of Rs 16,513, Rs 14,325 and Rs 13,003.
The performance data is based on Internal Analysis, MFI360 and Bloomberg, with data as of August 13, 2026, and the fund’s portfolio allocation and active share data are as of July 31, 2026. Past performance may or may not be sustained in future. For the performance of other schemes managed by the Fund Managers which have completed one year or more than one year since inception, investors are directed to the latest Factsheet.
Mutual Fund investments are subject to market risks. Investors should read all scheme-related documents carefully.
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