Bajaj Finserv Multi Cap Fund
The fund maintains a balanced multi-cap tilt with concentrated exposure to financials and a deliberate tilt toward cyclical recovery plays—cement, steel, and industrial names dominate alongside quality banking stocks. Recent portfolio churn shows the manager rotating out of defensive healthcare and paint positions into energy and power names, signaling conviction that commodity-linked and infrastructure-adjacent sectors are positioned for near-term outperformance. The modest cash buffer and stable top-10 composition suggest selective opportunism rather than directional hedging.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Regular Growth | ₹11.4960 | +2.93% | +4.13% | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Highly DifferentiatedActive 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 |
|---|---|
| Page Industries Limited | 0.94% |
| ITC Hotels Limited | 0.83% |
| Malco Energy Limited ** | 0.68% |
| Talwandi Sabo Power Limited ** | 0.68% |
| Vedanta Aluminium Metal Limited ** | 0.68% |
| Vedanta Iron And Steel Limited ** | 0.68% |
| Siemens Energy India Limited | 0.52% |
| Yes Bank Limited | 0.49% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HDFC Bank Limited INE040A01034 | 4.92% |
| 2 | Larsen & Toubro Limited INE018A01030 | 4.19% |
| 3 | Schaeffler India Limited INE513A01022 | 3.77% |
| 4 | The Federal Bank Limited INE171A01029 | 3.27% |
| 5 | Axis Bank Limited INE238A01034 | 2.69% |
| 6 | Steel Authority of India Limited INE114A01011 | 2.67% |
| 7 | Tata Steel Limited INE081A01020 | 2.50% |
| 8 | Bajaj Auto Limited INE917I01010 | 2.41% |
| 9 | K.P.R. Mill Limited INE930H01031 | 2.32% |
| 10 | MTAR Technologies Limited INE864I01014 | 2.31% |
| 11 | Aurobindo Pharma Limited INE406A01037 | 2.28% |
| 12 | Neuland Laboratories Limited INE794A01010 | 2.19% |
| 13 | Asian Paints Limited INE021A01026 | 2.19% |
| 14 | HEG Limited INE545A01024 | 2.12% |
| 15 | UltraTech Cement Limited INE481G01011 | 2.08% |
| 16 | Dalmia Bharat Limited INE00R701025 | 1.98% |
| 17 | Eternal Limited INE758T01015 | 1.93% |
| 18 | Max Financial Services Limited INE180A01020 | 1.92% |
| 19 | ICICI Bank Limited INE090A01021 | 1.80% |
| 20 | Navin Fluorine International Limited INE048G01026 | 1.79% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Bajaj Finserv Multi Cap Fund hold?
Bajaj Finserv Multi Cap Fund holds 78 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 18.84% of NAV.
What is the largest holding in Bajaj Finserv Multi Cap Fund?
The largest position in Bajaj Finserv Multi Cap Fund is HDFC Bank Limited, accounting for 4.92% of NAV in the Banks sector.
Is Bajaj Finserv Multi Cap Fund a concentrated or diversified fund?
With a Gini coefficient of 0.374, Bajaj Finserv Multi Cap Fund is well-diversified. The HHI concentration index is 19,430 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 18.84% of the portfolio.
What is the market cap allocation of Bajaj Finserv Multi Cap Fund?
Based on SEBI's AMFI classification, Bajaj Finserv Multi Cap Fund's equity portfolio is split as: Large Cap: 31.89%, Mid Cap: 31.61%, Small Cap: 30.78%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Bajaj Finserv Multi Cap Fund invest in most?
Bajaj Finserv Multi Cap Fund has the highest allocation to Banks (16.29%), Cement & Cement Products (8.99%), Construction (6.34%). The fund is invested across 29 sectors in total.
How actively managed is Bajaj Finserv Multi Cap Fund compared to other Multi Cap Fund funds?
Bajaj Finserv Multi Cap Fund has an Active Share of 75.02%, classifying it as "Highly Differentiated" among 30 Multi Cap Fund peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in Bajaj Finserv Multi Cap Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Bajaj Finserv Multi Cap Fund added 8 new stocks (including Page Industries Limited) and exited 6 stocks (including Apollo Hospitals Enterprise Limited). Total holding count increased from 77 to 79 stocks.