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

Bajaj Finserv Flexi Cap Fund Direct Growth Plan has a NAV of ₹16.609 as of 28 Aug 2026 and a scheme AUM of ₹8,173 Cr. Its 1-year, 3-year and 5-year returns are 12.35%, 18.27% and Data not available, and the risk label is High Risk.

Our view is that this fund suits investors who can tolerate noticeable volatility and want a flexi-cap allocation with a meaningful small-cap presence. The return pattern is stronger over 3 years than over 1 year, but it has still lagged the benchmark in the latest periods, so the fund looks better suited to patient investors than to those looking for steady relative consistency.

Quick facts

Metric	Value
NAV	₹16.609
AUM	₹8,173 Cr
Expense Ratio	0.48%
Launch Date	14 August 2023
Min SIP	₹500
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	Nil up to 10% of units and 1% for remaining units if sold within 6 months; no exit load after 6 months.
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 28 Aug 2026

Performance

Period	Fund return	Benchmark return
1M	2.12%	-0.85%
3M	9.49%	3.39%
1Y	12.35%	-2.29%
3Y	18.27%	6.40%
5Y	Data not available	Data not available

The short-term picture is mixed but still constructive. The fund has outpaced the benchmark over 1 month, 3 months and 1 year, which tells us it has handled the recent environment better than the index in absolute terms.

The longer view is also positive, because the 3-year return is well above the benchmark’s 3-year return. That said, the gap between the fund and benchmark is much wider in the longer window than in the latest 1-year period, so recent performance has not been as decisive as the 3-year track suggests.

The daily pattern behind those figures points to a fund that has moved through periods of weakness and recovery rather than a smooth climb. That is consistent with a High Risk flexi-cap portfolio, especially one with a large small-cap allocation. For an investor, the main takeaway is that upside has come with uneven stretches, and the benchmark comparison has not been uniformly strong across every recent window.

Source data date: as of 28 Aug 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.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Bajaj Finserv Flexi Cap Fund Direct Growth Plan	12.35%	18.27%	Data not available
Bank of India Flexi Cap Fund Direct Growth Plan	18.05%	22.17%	18.21%
ITI Flexi Cap Fund Direct Growth Plan	17.78%	20.00%	Data not available
Navi Flexi Cap Fund Direct Growth Plan	15.64%	13.15%	13.03%
LIC MF Multi Cap Fund Direct Growth Plan	15.46%	19.73%	Data not available
TRUSTMF Flexi Cap Fund Direct Growth Plan	14.21%	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 latest 1-year figure, the fund trails several peer returns in the table, which tells us the recent run has been respectable but not the strongest among the comparables shown.

The 3-year picture is more balanced, because the fund’s 18.27% sits above one peer with a lower 3-year figure and below others with higher figures. The 5-year column is less useful for this fund itself because it is not available, while the peers with available 5-year numbers show a wide spread, which suggests the longer-horizon comparison is more nuanced than the latest 1-year snapshot.

Overall, the peer set points to a fund that has been competitive over 3 years but less compelling in the latest 1 year than some comparables. That difference matters, because the short-term and longer-term comparisons do not tell the same story.

Source data date: as of 28 Aug 2026

Portfolio: where your money goes

The portfolio is split across large-cap 42.39%, mid-cap 20.39%, small-cap 31.27% and other 6.74%. That mix shows that the fund is not dominated by just one market-cap bucket, but the small-cap share is still large enough to keep volatility meaningful.

Sector	Weight	Top holdings
BANK	20.29%	HDFC BANK LIMITED (4.61%), ICICI BANK LIMITED (4.15%)
HEALTHCARE	11.78%	DIVI'S LABORATORIES LIMITED (2.93%), APOLLO HOSPITALS ENTERPRISE LIMITED (2.30%)
FINANCE	10.76%	MULTI COMMODITY EXCHANGE OF INDIA LIMITED (4.89%), BAJAJ FINANCE LIMITED (1.66%)
AUTOMOBILE & ANCILLARIES	8.95%	UNO MINDA LIMITED (1.96%), EICHER MOTORS LIMITED (1.58%)
CAPITAL GOODS	7.60%	MTAR TECHNOLOGIES LIMITED (2.22%), HEG LIMITED (1.66%)

The BANK sector is clearly the largest line item at 20.29%, and it is materially above the next sector weights. That means banking is likely to have the greatest influence on near-term portfolio behaviour, even though healthcare and finance are also meaningful contributors.

Small-cap exposure at 31.27% is substantial, so the fund can move differently from a plain large-cap oriented flexi-cap strategy. At the same time, the 42.39% large-cap allocation provides an anchoring effect that may soften some of the swings from the smaller companies.

From a sector standpoint, the portfolio is reasonably diversified across five groups, but it is not evenly spread. BANK stands out as the central sector exposure, while healthcare, finance, automobile and capital goods create additional breadth. That combination may allow the fund to participate in different market phases, but it also means sector-specific moves can still be noticeable.

Source data date: as of 28 Aug 2026

Who should invest

This fund suits investors who can accept High Risk and are comfortable with a portfolio that has a sizable small-cap component. The 3-year return profile is stronger than the 1-year figure, which suggests the fund may reward patience more than short holding periods.

The main trade-off is between return potential and consistency. The fund has outpaced the benchmark in the recent windows shown, but the advantage is uneven and the portfolio mix can lead to sharper moves than a more purely large-cap allocation.

It is therefore better aligned with investors who have a multi-year horizon and can live with periods of volatility while they wait for the broader flexi-cap approach to play out.

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 remaining units if sold within 6 months; no exit load after 6 months.

Source data date: as of 28 Aug 2026

Frequently asked questions

What is the current NAV of Bajaj Finserv Flexi Cap Fund Direct Growth Plan?

The current NAV is ₹16.609 as of 28 Aug 2026.

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

The fund’s 1-year return is 12.35% and its 3-year return is 18.27%. The 5-year return is Data not available.

How has it done versus the benchmark?

It has beaten the Nifty 50 benchmark over 1 month, 3 months, 1 year and 3 years. The benchmark’s 1-year return is -2.29% and its 3-year return is 6.40%.

How does it compare with the peer funds listed here?

Its 1-year return is below several peers shown, while its 3-year return is competitive but not the strongest among the funds listed. The 5-year comparison is limited because this fund does not have a 5-year return available.

What is the minimum SIP amount?

The minimum SIP amount is ₹500.

Who manages the fund and what is the risk label?

The fund is managed by Nimesh Chandan, Sorbh Gupta and Siddharth Chaudhary. Its risk label is High Risk.

Bottom line

Bajaj Finserv Flexi Cap Fund Direct Growth Plan has shown a stronger 3-year pattern than its 1-year result, so the medium-term picture is better than the most recent stretch. It also compares reasonably well with the benchmark, though the peer table shows that some comparable funds have delivered higher recent returns. The portfolio’s notable small-cap exposure and BANK-heavy sector mix mean the fund can behave with more variation than a steadier large-cap approach, which makes it better suited to investors with patience and a tolerance for volatility.

Published on 31 August 2026 at 4:36 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.