Bajaj Finserv Large & Mid Cap Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Bajaj Finserv Large & Mid Cap Fund Direct Growth Plan has a NAV of ₹12.891 as of 01 Sep 2026 and an AUM of ₹2,444 Cr. Its 1-year, 3-year and 5-year returns are 5.29%, Data not available and Data not available, and the fund sits in the High Risk category.

Our view is that this is a mid- to higher-risk equity option for investors who can tolerate a choppier path in exchange for large- and mid-cap participation. The return profile is still young, so the recent numbers matter more than any long history, and the portfolio mix suggests the fund may be shaped by a handful of large positions rather than broad, low-volatility diversification.

Quick facts

The fund is managed by Nimesh Chandan, Sorbh Gupta and Siddharth Chaudhary.

Source data date: as of 01 Sep 2026

Performance

The fund has been positive over 3 months and 1 year, but the 1-month figure was still mildly negative. That tells us the recent run has improved after some short-term pressure, though the path has not been smooth enough to look defensive.

Against the benchmark, the fund has clearly done better over 3 months and 1 year. The 1-year gap is especially noticeable because the benchmark was negative over the same period while the fund stayed in positive territory. That points to a more resilient short-term pattern than the benchmark, even if the margin is not large enough to call it a breakout story.

The daily path over the past year shows recovery after a deeper dip earlier in the period, followed by a steadier phase with some setbacks along the way. Our read is that this is more of a rebuilding pattern than a straight-line compounder. Since the fund has only been live since 2024, the longer-term return record is still developing, so recent behaviour deserves more weight than a 3-year or 5-year comparison at this stage.

For investors, the important takeaway is that the fund has managed to hold up better than the benchmark in the recent window, but it still reflects equity-market swings. That makes the current profile more useful for people who want active large- and mid-cap exposure and are comfortable with uneven interim performance rather than for those who want smoother month-to-month outcomes.

Source data date: as of 01 Sep 2026

Peer comparison

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

The fund’s 1-year return is well below the other five funds listed here, while those peers have been in the 12% to 15% range. On longer horizons, the peers with available data also show materially stronger 3-year and 5-year outcomes, so the gap is not confined to just the latest period. That said, the current fund is newer than the rest of the group, so its short history means the recent comparison carries more weight than a full-cycle judgment.

What stands out is that the short-term picture and the longer-term peer picture are both pointing in the same direction: the fund has lagged the available peer return set so far. The one nuance is that its recent 3-month trend is firmer than its 1-year figure suggests, which leaves room for improvement if that shorter recovery persists. Still, based on the available figures, the peer set has delivered a much stronger compounding record overall.

Source data date: as of 01 Sep 2026

Portfolio: where your money goes

The top 10 holdings account for approximately 34.15% of the portfolio.

To see all holdings, visit the Bajaj Finserv Large & Mid Cap Fund Direct Growth Plan page

The largest holding, ICICI Bank Limited, is 5.23%, which is meaningful but not so large that it dominates the portfolio on its own. The next few positions are also close enough in size to suggest that influence may be shared across several holdings rather than concentrated in just one stock.

Weight drops from 5.23% at the top to 2.73% by the tenth holding, so the spread across the top group is moderate rather than steep. That pattern may reduce reliance on a single position, but it still leaves the portfolio sensitive to the direction of the leading names because the top 10 together account for about a third of assets.

With 54 disclosed holdings and the top 10 making up 34.15%, the fund looks moderately concentrated at the visible end and then likely moves into a longer tail of smaller positions. Our read is that this structure may support active stock selection, while also leaving enough diversification to avoid extreme single-stock dependence.

Source data date: as of 01 Sep 2026

Who should invest

This fund is better suited to investors with a higher tolerance for equity volatility and a multi-year horizon. The High Risk label fits the return pattern: recent performance has improved, but the path has been uneven and the longer record is still developing.

It may appeal to investors who want large- and mid-cap exposure and are comfortable comparing the fund not just with a benchmark but also with stronger peer return histories. The trade-off is clear: the fund offers active equity participation, but the recent return profile and the portfolio’s noticeable concentration in a few large holdings mean the ride may be uneven.

Tax and exit load

Exit load: Nil up to 10% of units and 1% for remaining units if sold within 6 months; no exit load after the holding period.

Source data date: as of 01 Sep 2026

Frequently asked questions

What is the current NAV of Bajaj Finserv Large & Mid Cap Fund Direct Growth Plan?

The current NAV is ₹12.891 as of 01 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?

The 1-year return is 5.29%, while the 3-year and 5-year returns are Data not available and Data not available.

How has the fund performed versus its benchmark recently?

Over 1 month, the fund returned -1.32% versus -2.9% for the benchmark. Over 3 months, it returned 6.12% versus 2.44%, and over 1 year it returned 5.29% versus -2.9%.

How does it compare with the listed peer funds on 1-year return?

Its 1-year return of 5.29% is below the listed peer returns, which are all in double digits for the funds shown here.

What is the minimum SIP amount?

The minimum SIP amount is ₹500.

Who manages the fund and what is the exit load?

The fund is managed by Nimesh Chandan, Sorbh Gupta and Siddharth Chaudhary. The exit load is nil up to 10% of units and 1% for remaining units if sold within 6 months, with no exit load after the holding period.

Bottom line

Bajaj Finserv Large & Mid Cap Fund Direct Growth Plan has shown a better recent run than its benchmark, but its available peer comparison is weaker on the return figures shown here. The risk label is High Risk, and the portfolio’s top holdings take up a meaningful share without making any one position overwhelming. That combination makes it more suitable for investors who can handle volatility and want active large- and mid-cap exposure over a long horizon, rather than for those who want a smoother near-term experience.

Published on 2 September 2026 at 3:44 PM IST