Bajaj Finserv Equity Savings Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- August 31, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Bajaj Finserv Equity Savings Fund Direct Growth Plan had a NAV of ₹10.54 as of 16 September 2026 and a scheme AUM of ₹40 Cr. Its 1-year, 3-year and 5-year returns are 4.97%, Data not available and Data not available, and it sits in the Medium Risk bucket. Our view is that the fund is still in an early stage of history, so the current numbers are more useful for judging stability and positioning than for drawing a long record of consistency.
The portfolio leans heavily on cash-like exposure and money market units, with listed equity holdings forming a smaller part of the disclosed basket. That mix can suit investors who want an equity-savings style allocation with lower day-to-day movement than a full equity fund, but they should still expect the return pattern to differ from the benchmark and from pure fixed-income products.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹10.54 as of 16 Sep 2026 |
| AUM | ₹40 Cr |
| Expense Ratio | 0.3% |
| Launch Date | 19 Aug 2025 |
| Min SIP | ₹500 |
| Risk Category | Medium Risk |
| Benchmark | Nifty 50 |
| Exit Load | 0.25% on or before 7D, Nil after 7D |
| Fund Managers | Sorbh Gupta, Ilesh Savla, Siddharth Chaudhary |
The fund is managed by Sorbh Gupta, Ilesh Savla and Siddharth Chaudhary.
Source data date: as of 16 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -0.05% | -4.41% |
| 3M | 0.97% | -3.6% |
| 1Y | 4.97% | -7.76% |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
The recent numbers point to a steadier profile than the benchmark. Over 1 month, the fund was slightly negative, but the benchmark fell much more sharply; over 3 months, the fund was modestly positive while the benchmark stayed in the red. That tells us the structure has cushioned part of the market weakness rather than amplifying it.
Over 1 year, the fund has returned 4.97% against a benchmark return of -7.76%. In plain terms, the fund has held up better than the benchmark through a difficult period. That does not make it a high-growth option, but it does show that the current portfolio mix has been more resilient than a plain equity index over this window.
The chart pattern also matters. The 3-month path looks broadly stable with small fluctuations, while the 1-year pattern shows a gradual improvement after earlier softness. Our reading is that this is a fund designed more for balance and downside moderation than for sharp upside capture. Because it has only been live since August 2025, the longer-horizon record is not yet available, so the 1-year and shorter windows carry the most weight for now.
Source data date: as of 16 Sep 2026
Should you BUY or HOLD Bajaj Finserv Equity Savings?
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 Equity Savings? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Bajaj Finserv Equity Savings Fund Direct Growth Plan | 4.97% | Data not available | Data not available |
| Baroda BNP Paribas Gold ETF FoF Direct Growth Plan | 34.39% | Data not available | Data not available |
| HDFC Innovation Fund Direct Growth Plan | 14.3% | Data not available | Data not available |
| Bajaj Finserv Small Cap Fund Direct Growth Plan | 13.33% | Data not available | Data not available |
| Quant Equity Savings Fund Direct Growth Plan | 8.75% | Data not available | Data not available |
| Kotak Active Momentum Fund Direct Growth Plan | 6.31% | Data not available | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. On the available 1-year numbers, the fund trails the strongest peer returns in this group and also sits below several of the other funds shown here. The more important point is that the comparison is uneven on longer horizons because most of these peer entries do not yet have 3-year or 5-year figures available. That means the short-term read suggests a modest profile, while the longer-term comparison is still not fully formed.
Source data date: as of 16 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Net Receivables / (Payables) | Cash & Cash Equivalents and Net Assets | 46.35% |
| Bajaj Finserv Money Market Fund-Direct Plan-Growth | Domestic Mutual Funds Units | 22.25% |
| ICICI Bank Limited | Bank | 6.86% |
| Clearing Corporation of India Ltd | Cash & Cash Equivalents and Net Assets | 5.28% |
| ITC Limited | FMCG | 4.76% |
| HDFC Bank Limited | Bank | 4.45% |
| Embassy Office Parks Reit | Finance | 4.02% |
| Axis Bank Limited | Bank | 3.1% |
| Bajaj Finserv Limited | Finance | 3.05% |
| Multi Commodity Exchange of India Limited | Finance | 2.65% |
The largest disclosed position is Net Receivables / (Payables) at 46.35%, which is very large in absolute terms and tells us that a significant part of the disclosed basket is held in cash-like net assets. The next largest exposure, the Bajaj Finserv Money Market Fund-Direct Plan-Growth, is 22.25%, so the gap between the first and second holding is wide.
After that, the weights step down more gradually into single digits, with ICICI Bank Limited at 6.86% and the tenth holding, Multi Commodity Exchange of India Limited, at 2.65%. That profile suggests a mix that is not spread evenly across many similar-sized bets; instead, a few very large positions may influence returns more than the tail of smaller holdings.
Across the top 10 holdings, the disclosed weight adds to approximately 100%, and the fund reports 32 holdings in total. Our reading is that the visible portfolio is concentrated, even though the tail beyond the top 10 is not shown here. For investors, that means the allocation can be shaped meaningfully by cash-like exposure and a handful of financial and large-cap equity names.
To see all holdings, visit the Bajaj Finserv Equity Savings Fund Direct Growth Plan page
Source data date: as of 16 Sep 2026
Who should invest
This fund fits investors who are comfortable with Medium Risk and want a balance between stability and equity participation. The 1-year result is positive while the benchmark is negative, which supports the case for using it as a lower-volatility equity-oriented allocation rather than as a pure return-chasing fund.
The lack of 3-year and 5-year history means investors should prefer a longer holding horizon and be patient about judging consistency. The main trade-off is clear: the portfolio may soften drawdowns better than a broad equity index, but that structure can also limit upside when equity markets recover strongly.
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: 0.25% on or before 7 days; nil after 7 days.
Source data date: as of 16 Sep 2026
Frequently asked questions
What is the current NAV of Bajaj Finserv Equity Savings Fund Direct Growth Plan?
The current NAV is ₹10.54 as of 16 September 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The 1-year return is 4.97%. The 3-year and 5-year returns are Data not available.
How has the fund performed versus Nifty 50?
It has outperformed the benchmark over 1 month, 3 months and 1 year. The 1-year return is 4.97% versus -7.76% for Nifty 50.
How does it compare with the peer funds listed here?
Its 1-year return is below several of the listed peers, including Baroda BNP Paribas Gold ETF FoF Direct Growth Plan at 34.39% and HDFC Innovation Fund Direct Growth Plan at 14.3%. The longer-term comparison is limited because the available 3-year and 5-year figures are not present for these entries.
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 Sorbh Gupta, Ilesh Savla and Siddharth Chaudhary. The exit load is 0.25% on or before 7 days and nil after 7 days.
Bottom line
Bajaj Finserv Equity Savings Fund Direct Growth Plan currently looks like a steadier equity-savings allocation rather than a high-octane growth fund. Its short-term performance has held up better than the benchmark, but the longer-term record is still too short to judge fully. Relative to the listed peers, the recent 1-year return is modest. The portfolio is notable for very heavy cash-like exposure and a small number of sizable holdings, which may help explain the calmer profile.
Published on 17 September 2026 at 10:52 AM 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.