Bajaj Finserv Multi Asset Allocation Fund
Bajaj Finserv Mutual Fund·Multi Asset Allocation·vs Nifty 200 TRI
The fund maintains a defensive posture with two-fifths of capital in precious metals and cash, signaling caution amid market volatility while preserving meaningful equity exposure through a concentrated banking bet. Recent additions to power and metals suggest the manager is selectively positioning for cyclical recovery without abandoning safety nets. The tactical shift from gold ETFs toward silver and direct receivables indicates fine-tuning rather than a conviction pivot, balancing inflation hedging with yield capture.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹12.4178 | — | — | — | — | — | — |
| Regular Growth | ₹12.0593 | +0.60% | -3.23% | +1.56% | +13.07% | — | — |
| Direct IDCW | ₹12.4178 | — | — | — | — | — | — |
| Regular IDCW | ₹12.0593 | — | — | — | — | — | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
65
Top 5 Weight
30.27%
Top 10 Weight
44.62%
Active Share
—
Large Cap
47.64%
Gini
0.464
What Changed2026-03-31 → 2026-04-30
Holdings: 66 → 70+5 added−2 removed30 weight shifts ≥ 0.1%
| Stock | Weight |
|---|---|
| Angel One Limited | 0.73% |
| Malco Energy Limited ** | 0.29% |
| Talwandi Sabo Power Limited ** | 0.29% |
| Vedanta Aluminium Metal Limited ** | 0.29% |
| Vedanta Iron And Steel Limited ** | 0.29% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HDFC Bank Limited INE040A01034 | 9.08% |
| 2 | DSP Gold ETF INF740KA1SW3 | 8.55% |
| 3 | Net Receivables / (Payables) nan | 7.66% |
| 4 | ICICI Bank Limited INE090A01021 | 4.67% |
| 5 | Clearing Corporation of India Ltd nan | 4.61% |
| 6 | State Bank of India INE062A01020 | 3.36% |
| 7 | Kotak MF Gold ETF INF174KA1HJ8 | 3.24% |
| 8 | DSP SILVER ETF INF740KA1RE3 | 2.92% |
| 9 | Bharti Airtel Limited INE397D01024 | 2.75% |
| 10 | 7.37% Axis Finance Limited (23/08/2028) ** INE891K07AG7 | 2.73% |
| 11 | Bajaj Finserv Money Market Fund-Direct Plan-Growth INF0QA701334 | 2.71% |
| 12 | Larsen & Toubro Limited INE018A01030 | 2.60% |
| 13 | Reliance Industries Limited INE002A01018 | 2.54% |
| 14 | Infosys Limited INE009A01021 | 2.38% |
| 15 | Tata Steel Limited INE081A01020 | 1.97% |
| 16 | Embassy Office Parks REIT INE041025011 | 1.86% |
| 17 | Bajaj Finserv Banking and PSU Fund Dr Pl Gr INF0QA701607 | 1.77% |
| 18 | Divi's Laboratories Limited INE361B01024 | 1.66% |
| 19 | Indus Towers Limited INE121J01017 | 1.64% |
| 20 | Whirlpool of India Limited INE716A01013 | 1.54% |
Sector Allocation
nan25.9%
Banks19.6%
Pharmaceuticals & Biotechnology6.2%
Telecom - Services4.4%
IT - Software3.4%
Automobiles3.3%
Realty3.2%
Consumer Durables3.1%
Power3.1%
CRISIL AAA2.7%
Top 10 sectors by % to NAV. Excludes derivatives.