Bajaj Finserv Nifty Next 50 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Bajaj Finserv Nifty Next 50 Index Fund Direct Growth Plan has an NAV of ₹11.2049 as of 15 Sep 2026 and an AUM of ₹32 Cr. Its 1-year, 3-year and 5-year returns are 2.38%, 0% and 0%, and the fund sits in the High Risk category. Our view is that this is a fund for investors who are comfortable with equity volatility and want Nifty Next 50 exposure through an index structure rather than an active stock-picking style.

The return record is still early, because the scheme launched on 12 May 2025, so longer-horizon results are not yet meaningful. The portfolio is built around 50 holdings, with the biggest positions spread across healthcare, automobiles, capital goods and energy-linked businesses. That mix may suit investors who want a broader next-50-style equity allocation, but the short track record means expectations should stay grounded in current behaviour rather than long-term history.

Quick facts

Particular	Details
NAV	₹11.2049 as of 15 Sep 2026
AUM	₹32 Cr
Expense Ratio	0.3%
Launch Date	12 May 2025
Min SIP	₹500
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Index Funds
Exit Load	No exit load
Fund Managers	Ilesh Savla

The fund is managed by Ilesh Savla.

Source data date: as of 15 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-5.62%	-4.81%
3M	-1.85%	-3.63%
1Y	2.38%	-8.27%
3Y	Data not available	Data not available
5Y	Data not available	Data not available

Recent performance has been uneven, with the 1-month return weaker than the benchmark but the 3-month and 1-year numbers ahead of it. That pattern suggests the fund has not moved in a straight line, but it has still held up better than the benchmark over the past year.

The short track record matters here. The scheme launched in May 2025, so there is no real 3-year or 5-year performance history to assess, and the fund’s 1-year figure is the main usable reference point for now. Within that limited window, the fund has shown a better outcome than the benchmark, which is meaningful for tracking behaviour, but it is not enough to build a full long-term judgement.

The monthly pattern also points to choppiness rather than a smooth climb. We see periods of recovery interrupted by pullbacks, which is typical of a high-risk equity strategy even when it is benchmarked to an index style. For investors, that means the recent positive 1-year reading should be read as a short-term snapshot, not as proof of stable compounding.

Compared with the benchmark, the fund’s recent path is more resilient on a 1-year basis, but the weakness in the latest month shows that near-term volatility remains present. Our view is that this makes the scheme more suitable for investors who can tolerate swings and are prepared to judge it over a longer holding period once the track record matures.

Source data date: as of 15 Sep 2026

Should you BUY or HOLD Bajaj Finserv Nifty Next 50 Index?

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 Nifty Next 50 Index? Thinking of investing now?

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Peer comparison

Fund	1Y return	3Y return	5Y return
Bajaj Finserv Nifty Next 50 Index Fund Direct Growth Plan	2.38%	Data not available	Data not available
ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan	29.31%	30.01%	Data not available
Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan	21.71%	Data not available	Data not available
Tata Nifty Capital Markets Index Fund Direct Growth Plan	21.45%	Data not available	Data not available
Motilal Oswal Nifty MidSmall Financial Services Index Fund Direct Growth Plan	20.15%	Data not available	Data not available
ICICI Pru Nifty Pharma Index Fund Direct Growth Plan	18.11%	18.92%	Data not available

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

The fund’s 1-year return is well below the stronger recent numbers shown by the comparison set, while its own 3-year and 5-year fields are not yet available. That makes the current comparison more about track record maturity than a full performance contest. The contrast is clear: several peers have a much longer visible record, whereas this scheme is still too young for a deeper horizon comparison.

Because the fund lacks a 3-year and 5-year history, the short-term view and the longer-term view do not yet tell the same story. The short-term reading is available and modest, but the longer-term comparison cannot be made on the same footing. For now, the main takeaway is that this fund has a much shorter performance history than peers with established figures, so any judgment should stay cautious and time-aware.

Source data date: as of 15 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Divi'S Laboratories Limited	Healthcare	4.74%
TVS Motor Company Limited	Automobile & Ancillaries	4.02%
Tata Motors Ltd	Domestic Equities	3.88%
Hindustan Aeronautics Limited	Capital Goods	3.59%
Adani Power Limited	Power	3.24%
Cholamandalam Investment and Finance Company Ltd	Finance	3.16%
Samvardhana Motherson International Limited	Automobile & Ancillaries	2.97%
Torrent Pharmaceuticals Limited	Healthcare	2.93%
Cummins India Limited	Automobile & Ancillaries	2.72%
Bharat Petroleum Corporation Limited	Crude Oil	2.59%

The top 10 holdings account for approximately 33.84% of the portfolio.

To see all holdings, visit the Bajaj Finserv Nifty Next 50 Index Fund Direct Growth Plan page

The largest holding, Divi'S Laboratories Limited, carries a 4.74% weight, which is meaningful but not dominant for a 50-stock index-style portfolio. The drop from the first holding to the tenth is gradual rather than abrupt, moving from 4.74% to 2.59%, so the portfolio does not rely on one or two outsized positions alone.

The mix across the top names suggests a moderate concentration in the leading holdings, but not a highly concentrated structure. The top 10 account for 33.84% of the portfolio, which means a substantial share still sits in the remaining positions across the 50 disclosed holdings. That longer tail may reduce dependence on any single stock, although the largest names are still likely to have greater influence on short-term movement.

Sector labels across the top holdings span healthcare, automobile and ancillaries, capital goods, power, finance and crude oil. That spread may help the fund reflect a broader next-50 style, where leadership can move across industries rather than stay fixed in one corner of the market.

Source data date: as of 15 Sep 2026

Who should invest

This fund is more suitable for investors who can handle high equity volatility and want a next-50 style exposure rather than a defensive portfolio. The 1-year return is positive, but the shorter recent windows have been choppy, so the fund fits better with a medium- to long-term horizon than with a short holding period.

The main trade-off is that the fund offers index-based equity participation, but it is still in a young stage of its life and its longer-run return record is not yet built. Investors who compare it with peers will also notice that some competing index funds have a much more established visible history. That makes patience and risk tolerance important.

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: No exit load.

Source data date: as of 15 Sep 2026

Frequently asked questions

What is the current NAV of Bajaj Finserv Nifty Next 50 Index Fund Direct Growth Plan?
The current NAV is ₹11.2049 as of 15 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The 1-year return is 2.38%, while the 3-year and 5-year returns are not yet available in a meaningful way for this young scheme.

How has the fund performed against its benchmark?
Over 1 year, the fund has done better than the benchmark, with 2.38% versus -8.27%. The shorter windows are more mixed, with the fund behind in 1 month but ahead in 3 months.

How does it compare with peer funds on recent returns?
Its 1-year return is lower than several peer figures in the comparison set, while its own longer-horizon figures are not yet available. That means the peer comparison is not balanced across time periods.

Is there a minimum SIP amount?
Yes, the minimum SIP amount is ₹500.

What risk, portfolio and exit-load features stand out?
The fund is marked High Risk, and its top holdings are spread across 50 stocks with the top 10 accounting for 33.84% of the portfolio. There is no exit load, and the fund is managed by Ilesh Savla.

Bottom line

This fund’s recent numbers are mixed but the 1-year return is still ahead of the benchmark, while the longer-term view is not yet available because the scheme is young. Compared with peers that have longer visible histories, the comparison is incomplete rather than unfavourable. The portfolio is spread across 50 holdings, with the leading positions moderate in size rather than extreme. That makes the fund more suitable for investors who are comfortable with High Risk equity exposure and can wait for the record to develop.

Published on 16 September 2026 at 4:17 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.