Bajaj Finserv Multi Asset Allocation Fund
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 | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹12.5073 | — | — | — | — |
| Regular Growth | ₹12.1458 | +0.06% | +13.31% | — | — |
| Direct IDCW | ₹12.5073 | — | — | — | — |
| Regular IDCW | ₹12.1458 | — | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Active Stock PickerActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| 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
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Bajaj Finserv Multi Asset Allocation Fund hold?
Bajaj Finserv Multi Asset Allocation Fund holds 65 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 30.27% of NAV.
What is the largest holding in Bajaj Finserv Multi Asset Allocation Fund?
The largest position in Bajaj Finserv Multi Asset Allocation Fund is HDFC Bank Limited, accounting for 9.08% of NAV in the Banks sector.
Is Bajaj Finserv Multi Asset Allocation Fund a concentrated or diversified fund?
With a Gini coefficient of 0.464, Bajaj Finserv Multi Asset Allocation Fund is moderately concentrated. The HHI concentration index is 32,453 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 30.27% of the portfolio.
What is the market cap allocation of Bajaj Finserv Multi Asset Allocation Fund?
Based on SEBI's AMFI classification, Bajaj Finserv Multi Asset Allocation Fund's equity portfolio is split as: Large Cap: 47.64%, Mid Cap: 7.41%, Small Cap: 9.86%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Bajaj Finserv Multi Asset Allocation Fund invest in most?
Bajaj Finserv Multi Asset Allocation Fund has the highest allocation to nan (25.89%), Banks (19.57%), Pharmaceuticals & Biotechnology (6.20%). The fund is invested across 26 sectors in total.
How actively managed is Bajaj Finserv Multi Asset Allocation Fund compared to other Multi Asset Allocation funds?
Bajaj Finserv Multi Asset Allocation Fund has an Active Share of 66.91%, classifying it as "Active Stock Picker" among 32 Multi Asset Allocation peers. This indicates a moderate level of differentiation from category peers.
What changed in Bajaj Finserv Multi Asset Allocation Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Bajaj Finserv Multi Asset Allocation Fund added 5 new stocks (including Angel One Limited) and exited 2 stocks (including Abbott India Limited). Total holding count increased from 66 to 70 stocks.