Bajaj Finserv, Invesco MF and Kotak MF launch their NFOs

Bajaj Finserv MF, Invesco MF and Kotak MF have recently launched new funds. While Bajaj Finserv MF has launched Bajaj Finserv Large Cap Fund with Concentrated Strategy, Invesco MF floated the NFO of Invesco Manufacturing Fund.

Kotak MF, on the other hand, has launched a passive index fund, Kotak Nifty Midcap 50 Index Fund.

Bajaj Finserv Large Cap Fund with Concentrated Strategy

• Bajaj Finserv Large Cap Fund with concentrated strategy aims to invest in a concentrated portfolio of 25-30 stocks to provide risk-adjusted returns in the long term
• The scheme will be benchmarked against the Nifty 100 Total Return Index (TRI)
• The fund house believes that large cap companies are reasonably valued and offers great investment opportunities
• Nimesh Chandan, CIO, Bajaj Finserv MF said that large cap companies add relative stability and reduce volatility in an investor’s portfolio. Currently, on a risk-adjusted basis, large cap companies are better placed as a category compared to midcap and small caps
• The fund will be managed by Nimesh Chandan as CIO along with Sorbh Gupta and Siddharth Chaudhary
• NFO opens on July 29 and closes on Aug 12

Invesco Manufacturing Fund

• Invesco Manufacturing Fund is an open-ended scheme following the manufacturing theme
• It aims to invest in a diversified portfolio of 50-60 stocks in companies across traditional and new-age manufacturing sectors
• It prefers companies having tailwinds and technological prowess
• NFO opens on July 25 and closes on Aug 8

Kotak Nifty Midcap 50 Index Fund

• Kotak Nifty Midcap 50 Index fund is an open-ended scheme that aims to track the Nifty Midcap 50 index
• The underlying index will be Nifty Midcap 50 index that invests across 15 sectors
• The fund house said that the better performance of the benchmark index than large cap and less negative instances in midcap investment compared to small cap as the reasons for investment in this segment. It also mentioned the broad-based investment options available in mid cap segment
• The minimum application amount for investment is Rs. 100
• NFO opens on July 25 and closes on Aug 8