New Delhi:
Many market experts are advising investors to be cautious about the recent rise in midcap and smallcap stocks.
They suggest focusing on large cap stocks instead.
In response to this trend, Bajaj Finserv Asset Management Limited has announced the launch of the Bajaj Finserv Large Cap Fund.
New Fund Details
This new fund will invest in 25-30 large cap stocks with the goal of providing higher returns than the index over the long term.
According to a recent study by Bajaj Finserv, large cap stocks are currently close to their fair value, making them an attractive investment option for the long haul.
The study also notes that large cap stocks experience less decline and recover their losses faster than midcap and smallcap stocks.
The New Fund Offer (NFO) for the Bajaj Finserv Large Cap Fund will open on July 29, 2024, and remain available for investment until August 12, 2024.
This fund will be benchmarked against the Nifty 100 Total Return Index.
CEO’s Insights
Ganesh Mohan, CEO of Bajaj Finserv Asset Management, highlighted that the Bajaj Finserv Large Cap Fund offers investors a chance to invest in top Indian companies through a single investment.
He mentioned that the fund aims to outperform the benchmark index in the long term by building a portfolio of reliable, high-performing stocks.
Mohan pointed out that the Nifty 100 TRI Index has delivered positive returns in 18 of the past 21 years and believes this fund will be a valuable addition to investors’ portfolios, helping them achieve their financial goals.
