Bajaj Finserv Equity Savings Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Bajaj Finserv Equity Savings Fund Direct Growth Plan had a NAV of ₹10.563 as of 28 August 2026 and an AUM of ₹40 Cr. Its 1-year, 3-year and 5-year returns are 5.36%, 0%, and 0%, and the scheme is tagged as Medium Risk. Our view is that this is still a relatively new equity savings fund with a small asset base, so the current picture is more about how it has behaved since launch than about a long operating track record.

The fund’s return profile is modest, and the portfolio is heavily tilted toward cash and liquid exposures rather than full equity risk. That mix can make it steadier than a pure equity fund, but it also means performance may stay close to a conservative compounding pattern unless equity exposure rises meaningfully over time.

Quick facts

Metric	Value
NAV	₹10.563
AUM	₹40 Cr
Expense Ratio	0.3%
Launch Date	19 August 2025
Min SIP	₹500
Risk Category	Medium Risk
Benchmark	Nifty 50
Fund Category	Balanced
Exit Load	0.25% on or before 7 days, nil after 7 days
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 28 Aug 2026

Performance

Period	Fund return	Benchmark return
1M	0.59%	-0.85%
3M	1.99%	3.39%
1Y	5.36%	-2.29%
3Y	Data not available	Data not available
5Y	Data not available	Data not available

In the last month, the fund has stayed positive while the benchmark has been negative, which suggests a calmer short-term path. That does not by itself make the fund strong, but it does show that the portfolio has preserved a small gain while the benchmark has slipped over the same window.

The 3-month view is less comfortable because the benchmark has outpaced the fund. For investors, that matters because it shows the fund has not consistently turned a conservative setup into superior near-term gains, even though the broader short-term trend has remained positive.

The 1-year return is the clearest available measure, and here the fund has moved ahead of the benchmark by a wide margin. The longer trend still needs to be treated carefully, though, because the scheme was launched only in August 2025, so the available return history is too short to read as a mature multi-cycle record.

The recent pattern also looks mixed rather than linear. There was a period of stronger upward movement, followed by some softer stretches, which fits an equity savings structure that tends to absorb market swings but may not compound as quickly as a more equity-heavy fund. In our view, the current return picture supports a cautious interpretation: the fund has protected recent gains reasonably well, but the evidence for sustained excess compounding is still limited.

Source data date: as of 28 Aug 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.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Bajaj Finserv Equity Savings Fund Direct Growth Plan	5.3561%	Data not available	Data not available
Baroda BNP Paribas Gold ETF FoF Direct Growth Plan	53.0014%	Data not available	Data not available
Bajaj Finserv Small Cap Fund Direct Growth Plan	22.8862%	Data not available	Data not available
HDFC Innovation Fund Direct Growth Plan	22.3285%	Data not available	Data not available
Kotak Nifty Alpha 50 Index Fund Direct Growth Plan	15.9317%	Data not available	Data not available
ICICI Pru Active Momentum Fund Direct Growth Plan	13.2591%	Data not available	Data not available

On recent returns, the fund trails every peer listed here on a 1-year basis, so the short-term comparison is clearly modest. The longer-term comparison is less decisive because 3-year and 5-year figures are not available for these newer schemes, including this fund, so the table mainly tells us that the fund has not yet built a standout short-term return profile.

That said, this is still a useful comparison because it shows how the fund sits against a set that includes equity-oriented and momentum-led strategies. Against those higher-beta profiles, the equity savings structure is doing a different job, and its lower return is consistent with that role rather than an automatic sign of weakness. This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

Source data date: as of 28 Aug 2026

Portfolio: where your money goes

The market-cap mix is weighted toward other exposures at 75.61%, with mid-cap at 2.8%, small-cap at 6.46% and large-cap at -1.99%. The negative large-cap figure suggests this is not a simple equity-heavy mix, and the portfolio should be read as a blended structure with a strong non-equity component.

Sector	Weight	Key holdings
CASH & CASH EQUIVALENTS AND NET ASSETS	58.87%	NET RECEIVABLES / (PAYABLES) — 53.82%; CLEARING CORPORATION OF INDIA LTD — 5.05%
DOMESTIC MUTUAL FUNDS UNITS	23.33%	BAJAJ FINSERV MONEY MARKET FUND-DIRECT PLAN-GROWTH — 23.33%
AUTOMOBILE & ANCILLARIES	3.64%	TIMKEN INDIA LIMITED — 1.11%; ZF COMMERCIAL VEHICLE CONTROL SYSTEMS INDIA LIMITED — 0.89%
FMCG	3.49%	ITC LIMITED — 3.92%; NESTLE INDIA LIMITED — 1.18%
HEALTHCARE	3.14%	SUN PHARMACEUTICAL INDUSTRIES LIMITED — 1.84%; APOLLO HOSPITALS ENTERPRISE LIMITED — 1.66%

The portfolio is dominated by cash and cash-equivalent exposure, and that can keep day-to-day behaviour steadier than a more equity-intensive fund. The domestic mutual fund allocation is also material, so a large part of the scheme’s movement may still be shaped by lower-volatility instruments rather than by direct stock swings.

Among the equity-linked sectors shown, no single operating sector is large enough to dominate the whole portfolio, but cash and cash equivalents are clearly the most influential bucket. FMCG and healthcare are close in size, while automobile exposure is slightly smaller, which suggests a broadly defensive tilt within the visible equity sleeve.

Our view is that the portfolio’s behaviour is likely to be driven first by the cash and mutual fund allocations, and only then by the stock sectors. That makes the fund less dependent on sharp equity rallies, but it also means return acceleration may remain limited unless the allocation mix changes over time.

Source data date: as of 28 Aug 2026

Who should invest

This fund may suit investors who are comfortable with a medium-risk profile and want a conservative equity-linked allocation rather than an all-equity outcome. The 1-year return is positive, but the short history and the zero values shown for 3-year and 5-year horizons mean the scheme does not yet offer a long record of compounding.

The benchmark comparison suggests the fund has held up better in the most recent 1-year window, while the peer comparison shows that it has not matched the stronger short-term returns of higher-risk strategies. That trade-off is important: investors may get a steadier path, but they should not expect the kind of upside that more aggressive equity funds have recently delivered.

The cleanest fit is for a moderate horizon where preservation and smoother behaviour matter as much as growth. The main compromise is accepting lower return ambition in exchange for a portfolio that is heavily anchored in cash-like and defensive exposures.

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 28 Aug 2026

Frequently asked questions

What is the current NAV of Bajaj Finserv Equity Savings Fund Direct Growth Plan?

The current NAV is ₹10.563 as of 28 August 2026.

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

The 1-year return is 5.36%, while the 3-year and 5-year returns are both 0% in the available record.

How does the fund compare with its benchmark?

It has beaten the benchmark over 1 year, but it has lagged the benchmark over 3 months. Over 1 month, the fund has been positive while the benchmark has been negative.

How does it compare with the peer funds listed here?

Its 1-year return is lower than the peer funds shown here, while 3-year and 5-year figures are not available for this fund or those peers in the table.

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 has shown a better 1-year outcome than its benchmark, but the shorter 3-month trend is weaker and the longer horizon is still too short to call this a mature compounding story. Against the peer set shown here, the recent return is modest. The portfolio is heavily weighted toward cash and mutual fund units, so the fund is likely to behave more defensively than a pure equity scheme. That makes it a fit for investors who prefer a medium-risk structure and can accept lower upside potential.

Published on 31 August 2026 at 4:32 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.