Bajaj Finserv Multi Cap Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 16, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Bajaj Finserv Multi Cap Fund Direct Growth Plan is an equity multi-cap fund with a NAV of ₹12.267 as of 15 September 2026 and scheme AUM of ₹1,630 Cr. Its 1-year, 3-year and 5-year returns are 8.85%, 0% and 0%, respectively, and the official risk category is Low Risk. In our view, the fund has shown a modest one-year gain but still lacks a longer return history, so it suits investors who want an early look at a diversified equity strategy rather than a fully established track record.
The fund has fallen less than the NIFTY 50 over the 1-year window, which supports the idea that the recent profile has been steadier than the benchmark. The portfolio is spread across 63 holdings, led by a few mid-sized positions rather than one dominant stock, which may appeal to investors who prefer a diversified multi-cap structure.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹12.267 as of 15 Sep 2026 |
| AUM | ₹1,630 Cr |
| Expense Ratio | 0.67% |
| Launch Date | 27 Feb 2025 |
| Min SIP | ₹500 |
| Risk Category | Low Risk |
| Benchmark | Nifty 50 |
| Fund Category | Equity |
| Exit Load | NIL upto 10% of units and 1% for remaining units on or before 6M, Nil after 6M |
| Fund Managers | Nimesh Chandan, Sorbh Gupta, Siddharth Chaudhary |
The fund is managed by Nimesh Chandan, Sorbh Gupta and Siddharth Chaudhary.
Source data date: as of 15 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -2.76% | -4.81% |
| 3M | 2.31% | -3.63% |
| 1Y | 8.85% | -8.27% |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
The most recent month was weak in absolute terms, but the fund still held up better than the benchmark. That is important because the 1-month fund return of -2.76% was less severe than the benchmark’s -4.81%, which suggests some relative resilience during a soft patch.
The 3-month picture is stronger. The fund gained 2.31% while the benchmark fell 3.63%, so the fund was able to recover in a period when the market reference stayed under pressure. That pattern tells us the strategy has not simply tracked the benchmark down in every sell-off.
The 1-year result is the clearest positive signal, because the fund’s 8.85% return contrasts with the benchmark’s -8.27% decline. Even so, we would be careful not to stretch that into a long-term conclusion, because the fund has not built 3-year or 5-year records yet. The available history shows better recent behavior than the benchmark, but not enough seasonality or cycle coverage to call it a mature long-duration performer.
Source data date: as of 15 Sep 2026
Should you BUY or HOLD Bajaj Finserv Multi Cap?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding Bajaj Finserv Multi Cap? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Bajaj Finserv Multi Cap Fund Direct Growth Plan | 8.85% | Data not available | Data not available |
| Groww Multicap Fund Direct Growth Plan | 15.51% | Data not available | Data not available |
| TRUSTMF Multi Cap Fund Direct Growth Plan | 15.41% | Data not available | Data not available |
| Bank of India Multi Cap Fund Direct Growth Plan | 13.11% | 17.03% | Data not available |
| Mahindra Manulife Multi Cap Fund Direct Growth Plan | 11.6% | 16.58% | 15.65% |
| Axis Multicap Fund Direct Growth Plan | 11.43% | 19.42% | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. On the 1-year view, the fund trails the stronger peer returns available here, with the top two peers both above 15% and the other available names also ahead of 8.85%. The longer-horizon picture is more mixed because the fund has no 3-year or 5-year record yet, while several peers do, so the comparison currently favors funds with a longer published history.
That said, the short-term and longer-term stories are not identical. The fund has looked steadier than the benchmark over 1 month, 3 months and 1 year, but peers with longer histories have already converted that steadiness into deeper published records. For us, the key point is that this fund looks more like an emerging multi-cap option than a fully proven long-cycle peer.
Source data date: as of 15 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Bharti Airtel Limited | Telecom | 4.92% |
| HDFC Bank Limited | Bank | 4.46% |
| Schaeffler India Limited | Automobile & Ancillaries | 2.99% |
| The Federal Bank Limited | Bank | 2.86% |
| Glaxosmithkline Pharmaceuticals Limited | Healthcare | 2.84% |
| DLF Limited | Realty | 2.54% |
| Zydus Wellness Limited | FMCG | 2.52% |
| Aurobindo Pharma Limited | Healthcare | 2.48% |
| Max Financial Services Limited | Finance | 2.34% |
| SBI Funds Management Limited | Domestic Equities | 2.34% |
The top 10 holdings account for approximately 30.29% of the portfolio.
To see all holdings, visit the Bajaj Finserv Multi Cap Fund Direct Growth Plan page
Bharti Airtel Limited is the largest holding at 4.92%, and the next positions step down gradually rather than dropping sharply. By the tenth holding, the weight is still 2.34%, so the portfolio does not appear to be heavily dependent on a single stock.
We read this as a reasonably spread structure within the visible leaders. The top 10 together account for just over 30% of the portfolio, which means the remaining holdings across the 63-stock book may still have meaningful influence. That breadth can help reduce reliance on any one idea, although the largest positions are still large enough to matter for short-term performance.
Because the portfolio includes banks, healthcare, telecom, realty, FMCG and financial names, the mix may help the fund draw performance from different parts of the market. At the same time, the visible weights show that the fund is not simply a broad index-like basket; the manager’s stock selection still looks important.
Source data date: as of 15 Sep 2026
Who should invest
This fund is most suitable for investors who are comfortable with equity-market swings but still want a portfolio that appears more diversified than a concentrated thematic bet. The Low Risk label points to a conservative framing, but the actual return history is still short, so investors should treat it as an early-stage equity strategy rather than a long-seasoned product.
The available performance suggests it has handled recent weakness better than the benchmark, which can suit investors with a 3-year-plus horizon who are prepared to wait through uneven stretches. The main trade-off is that the fund currently offers only a limited track record, so the attraction is diversification and recent relative resilience, not a long history of proven compounding.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
Exit load
NIL upto 10% of units and 1% for remaining units on or before 6M, Nil after 6M
Source data date: as of 15 Sep 2026
Frequently asked questions
What is the current NAV of Bajaj Finserv Multi Cap Fund Direct Growth Plan?
The current NAV is ₹12.267 as of 15 September 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is 8.85%, while the 3-year and 5-year returns are both Data not available.
How does the fund compare with Nifty 50?
It has done better than Nifty 50 over 1 month, 3 months and 1 year. The benchmark return was -4.81% for 1 month, -3.63% for 3 months and -8.27% for 1 year, while the fund’s returns were less weak or positive over the same periods.
How does it compare with the peer funds shown here?
The fund’s 1-year return of 8.85% is below the available peer returns shown here, where the other funds range from 11.43% to 15.51%. The fund also does not yet have 3-year or 5-year records, while some peers do.
What is the minimum SIP amount?
₹500.
What is the risk category and exit load?
The fund is in the Low Risk category. The exit load is NIL upto 10% of units and 1% for remaining units on or before 6M, and Nil after 6M.
Bottom line
Bajaj Finserv Multi Cap Fund Direct Growth Plan has a short but useful record so far: recent returns have been better than the benchmark, but the broader long-term history is still missing. In peer terms, the available 1-year comparison is weaker than several other multi-cap funds, while the portfolio itself looks fairly spread out across 63 holdings and is not dominated by a single stock. That mix makes it more suitable for investors who want a diversified equity fund and can accept an early-stage track record.
Published on 16 September 2026 at 12:43 PM IST
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RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.