Bajaj Finserv Flexi Cap Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- August 31, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Bajaj Finserv Flexi Cap Fund Direct Growth Plan is at ₹15.968 as of 17 September 2026, with scheme AUM of ₹8,655 Cr. Its 1-year, 3-year and 5-year returns are 3.34%, 16.23% and 0%, and the fund is tagged High Risk. Our view is that the fund suits investors who can accept a volatile equity path and still want flexi-cap exposure, but the recent return profile is mixed when set against its longer run and the benchmark.
The portfolio is led by large bank, healthcare and industrial names, with the top holdings contributing meaningfully to returns but also creating a visible concentration in a small set of stocks. That mix can support upside when its leaders perform, yet it also means the fund is likely to move unevenly in weaker markets.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹15.968 as of 17 Sep 2026 |
| AUM | ₹8,655 Cr |
| Expense Ratio | 0.48% |
| Launch Date | 14 Aug 2023 |
| Min SIP | ₹500 |
| Risk Category | High 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 17 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -3.67% | -3.66% |
| 3M | 0.92% | -3.71% |
| 1Y | 3.34% | -7.13% |
| 3Y | 16.23% | 5.82% |
| 5Y | Data not available | Data not available |
The recent pattern is weaker than the longer run. Over one month, the fund was almost flat versus the benchmark’s similar decline, which tells us it has still been moving with market stress rather than standing apart from it. Over three months, it turned positive while the benchmark stayed negative, so the fund recovered better in the latest quarter.
The 1-year result is positive, but the benchmark was negative over the same period, which means the fund has held up materially better than the index over the last twelve months. That said, the short-term path has not been smooth: the one-year run includes several drawdowns and recoveries, so the return came through in a stop-start fashion rather than through steady compounding.
The three-year number is the clearest evidence of strength. The fund’s 16.23% compares well with the benchmark’s 5.82%, so the longer arc remains comfortably ahead of the index. Our read is that this is a fund that has rewarded patience over a multi-year window, but the recent stretch shows that the journey can still be uneven.
Because the 5-year figure is not available for this scheme, the longer-term view is limited to the three-year track record. Even within that shorter history, the fund has shown the ability to recover from weaker phases, which matters for an equity product in the High Risk bucket.
Source data date: as of 17 Sep 2026
Should you BUY or HOLD Bajaj Finserv Flexi 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 Flexi Cap? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Bajaj Finserv Flexi Cap Fund Direct Growth Plan | 3.34% | 16.23% | Data not available |
| Bank of India Flexi Cap Fund Direct Growth Plan | 10.1% | 18.09% | 16.01% |
| ITI Flexi Cap Fund Direct Growth Plan | 9.54% | 17.61% | Data not available |
| Navi Flexi Cap Fund Direct Growth Plan | 7.9% | 10.18% | 10.89% |
| LIC MF Multi Cap Fund Direct Growth Plan | 7.11% | 17.04% | Data not available |
| Aditya Birla SL Flexi Cap Fund Direct Growth Plan | 5.94% | 13.33% | 10.98% |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. On 1-year returns, the fund trails the stronger peer numbers in this set, where several comparables are in the high-single-digit to low-double-digit range. The picture improves on 3-year performance: the fund is ahead of some peers, but it still sits below the best three-year figures in this group.
The contrast between short-term and longer-term comparisons is important. Recent performance looks softer than peers, while the 3-year record is more competitive and shows that the fund has been able to compound better through a full cycle than it has in the latest year. That split suggests the fund may appeal more to investors who are willing to wait for the longer compounding story rather than those focused on the most recent year alone.
Source data date: as of 17 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| ICICI Bank Limited | Bank | 5.78% |
| HDFC Bank Limited | Bank | 4.01% |
| Divi’S Laboratories Limited | Healthcare | 3.39% |
| Reliance Industries Limited | Crude Oil | 3.29% |
| Sona BLW Precision Forgings Limited | Automobile & Ancillaries | 2.89% |
| Ather Energy Limited | Domestic Equities | 2.77% |
| The Federal Bank Limited | Bank | 2.77% |
| K.P.R. Mill Limited | Textile | 2.69% |
| Bajaj Finance Limited | Finance | 2.62% |
| Uno Minda Limited | Automobile & Ancillaries | 2.51% |
The top 10 holdings account for approximately 32.72% of the portfolio.
To see all holdings, visit the Bajaj Finserv Flexi Cap Fund Direct Growth Plan page
The largest holding, ICICI Bank Limited, is 5.78%, which is meaningful but not extreme for an equity fund. The next names remain fairly close in size, and the drop from the first holding to the tenth is not dramatic, so the core book appears to be built around a cluster of sizeable positions rather than one dominant bet.
At the same time, the top 10 sum to 32.72% while the fund discloses 58 holdings in total. That means the visible portfolio is spread across a broad tail beyond the biggest positions. Our view is that the fund may still be influenced by a handful of core names, but it also has enough breadth lower down the book to avoid being a single-stock story.
The mix of banks, healthcare, financials, consumer-industrial names and energy also suggests that performance may come from several different parts of the market rather than from one narrow theme. That can help balance opportunity and volatility, although the High Risk tag still matters because equity selection remains the main driver.
Source data date: as of 17 Sep 2026
Who should invest
This fund is better suited to investors who can tolerate High Risk exposure and stay invested through uneven periods. The 3-year record is the main strength, while the 1-year result is softer and the benchmark comparison has been mixed in the short term. That makes a longer horizon more important than a near-term return expectation.
It can fit investors looking for flexi-cap exposure with a portfolio that has meaningful holdings in banks and other cyclical or growth-linked businesses. The main trade-off is that the same stock selection that has supported multi-year outperformance can also lead to choppier short-term movement. Investors need to be comfortable with that gap between stronger longer-run compounding and uneven recent behaviour.
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 up to 10% of units and 1% for the remaining units if sold within 6 months; no exit load after 6 months.
Source data date: as of 17 Sep 2026
Frequently asked questions
What is the current NAV of Bajaj Finserv Flexi Cap Fund Direct Growth Plan?
Its current NAV is ₹15.968 as of 17 September 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
Its 1-year return is 3.34% and its 3-year return is 16.23%. The 5-year figure is not available for this scheme.
How does it compare with the benchmark?
It has beaten the benchmark over 3 years and 1 year, while the benchmark stayed weaker in the latest one-year period. Over 1 month, the fund and benchmark were both negative and broadly similar.
How does it compare with the peer funds shown here?
Its 1-year return is below several peer funds in this set, but its 3-year return is more competitive and stays ahead of some of the peers shown here. The 5-year comparison is limited because this scheme does not have a 5-year figure.
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 the remaining units if sold within 6 months; there is no exit load after 6 months.
Bottom line
Bajaj Finserv Flexi Cap Fund Direct Growth Plan has a stronger three-year record than its one-year result, so the recent picture is softer than the broader compounding trend. Against peers, the short-term numbers look less compelling, while the longer run is more respectable. The portfolio is concentrated enough in a handful of core holdings to matter, but it still spans 58 disclosed positions. For investors who can handle High Risk equity behaviour and prefer a longer holding period, that mix may be acceptable.
Published on 18 September 2026 at 1:24 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.