Latest news with #NimeshChandan
Time of India
03-07-2025
- Business
- Time of India
NFO Update: Bajaj Finserv Mutual Fund launches small cap fund
Bajaj Finserv Mutual Fund has launched Bajaj Finserv Small Cap Fund , an open-ended equity scheme predominantly investing in small cap stocks, that offers quality, growth and value. The fund is open for subscription and will close on July 11. Also Read | Record inflow of over Rs 15,000 crore in May. What is making arbitrage mutual funds gain investors' interest? Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » Bajaj Finserv Small Cap Fund is designed for investors aiming to build long-term wealth by investing primarily in equity and equity-related instruments of small cap companies, according to a release by the fund house. The recent correction in small caps presents a compelling entry point for long-term investors. Even though over 80% of small-cap companies have posted strong profit growth of 38% and solid return ratios, most of them are still trading 15–45% below their 52-week highs. Live Events This recent market correction has opened up a clear gap between the true value of these companies and their current market prices, said the release. Coupled with structural tailwinds such as the 'Make in India' push, rising formalisation, and digital transformation across sectors, small caps are well-positioned to benefit disproportionately in the next growth cycle, making this an attractive investment opportunity. The equity portion of the fund will be managed by Nimesh Chandan , CIO and Sorbh Gupta, Head - Equity, and the debt portion by Siddharth Chaudhary , Head – Fixed Income. The minimum application amount is Rs 500 (Plus multiples of Re 1), with a minimum additional application of Rs 100 (Plus multiples of Re 1). An exit load of 1% is applicable if the investment is redeemed within six months of the date of the allotment. The fund offers both growth and IDCW (Income Distribution cum Capital Withdrawal) options. 'The launch of the Small Cap Fund reflects our deep conviction in the long-term potential of India's dynamic small-cap universe. Small caps typically exhibit higher volatility than broader indices, underscoring the importance of active management in navigating market fluctuations and identifying quality opportunities,' said Ganesh Mohan , Managing Director, Bajaj Finserv AMC. 'The strategy is built around discovering high-quality companies in the early phases of growth that are positioned to outperform over time. With the recent small cap correction, the NFO is poised to take advantage of this golden opportunity, enabling investors to participate in long term wealth creation as these businesses scale and contribute meaningfully to the economy,' he added. Also Read | JioBlackRock launches mutual fund access on MyJio, calls it a new era of investing Bajaj Finserv Small Cap Fund is well-suited for those looking to benefit from the growth potential of fundamentally strong businesses that are currently trading below their intrinsic value. It also appeals to investors who want to diversify their portfolios by adding small-cap stocks with growth prospects. The fund is benchmarked to the BSE 250 SmallCap Index TRI. 'Our new small cap fund will be a portfolio of quality businesses with scalability that trade below their intrinsic value. Many industries and subsectors are available exclusively in the small cap category. In essence, there are opportunities to pick up leaders in emerging businesses and challengers in others from this small cap space,' said Nimesh Chandan, Chief Investment Officer, Bajaj Finserv AMC. 'The NSE small cap 250 Index is almost flat year on year. However, many companies generated strong profit growth last year. This allows us to invest in those small cap companies at valuations lower than last year after this time correction,' Nimesh Chandan added It goes beyond selecting quality stocks by rigorously filtering out companies with weak governance, inconsistent fundamentals, or financial red flags. This disciplined approach narrows the universe of over 1,100 small-cap stocks to a focused set of high-potential businesses. A key part of the process is our internal forensic and risk-aware analysis, which filters out companies with weak governance or financial red flags. From a universe of around 300-400 small-cap stocks, this disciplined approach narrows the selection to a portfolio of 40– 100 carefully chosen businesses
Time of India
02-07-2025
- Business
- Time of India
Nifty seen at 26,300 levels in near term: Bajaj Finserv Asset Management
Mumbai: The benchmark Nifty is expected to be around 26,300 levels in the near term, and given that the behavioural indicators are positive, it should move even higher, believes Bajaj Finserv Asset Management . "The markets are often seen as a pendulum that moves between greed and fear," said Nimesh Chandan, CIO, Bajaj Finserv Asset Management. "We estimate the fair value as 26,300 that's where we believe the centre of the pendulum is." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Philippines: Affordable Refrigerators for Sale - Check Out the Prices! Refrigerators | Search Ads Search Now Undo The growth rate in FY26 is likely to be better than in FY25, and the earnings growth in Nifty is anticipated to be 12% in FY26 and 15% in FY27. Chandan said that the fiscal policy has become more demand oriented and the monetary policy also helped in terms of infusing liquidity in the market. The asset management company said that after the correction between September and March, pockets in the midcap and smallcap space trading at reasonable valuations despite the recent pullback. Benchmark Nifty is also trading close to its long-term average on a price to earnings basis. "Large-cap valuations are reasonable, the risk reward is favourable, but because of the correction that came in the last few months or calendar year to date, we have seen some sectors, some pockets in mid caps and small caps also correct and that brings us some opportunities," said Chandan. Live Events The outlook for rate sensitives & domestic oriented sectors such as NBFCs, smaller banks, realty, home improvement along with consumption while the asset management company remains cautious in the IT.
Business Recorder
01-07-2025
- Business
- Business Recorder
India's equity benchmarks muted as Reliance Industries offsets broader losses
India's benchmark indexes ended flat on Tuesday, as gains in heavyweight Reliance Industries on solar business optimism offset broader sectoral losses, with investors awaiting cues from U.S. trade talks. The Nifty 50 rose 0.1% to 25,541.80 points and the BSE Sensex added 0.11% to 83,697.29. The MSCI Asia ex-Japan index rose 0.5% after Canada dropped its digital services tax on U.S. tech firms—boosting hopes of progress in global trade negotiations. India could finalize an interim trade deal with the U.S. as early as this week, the Financial Times reported, while Reuters said Indian officials are extending their visit to Washington to resolve outstanding issues. 'Indications of resolution of global trade uncertainties is a major positive for domestic markets and adds to the structural positives such as steady earnings, sustained institutional inflows and policy support from the central bank,' said Nimesh Chandan, chief investment officer at Bajaj Finserv Asset Management. However, bouts of profit booking are likely in the near term as some investors lock in gains from the 15% rally in benchmarks over the past four months, potentially capping sharp upside ahead of the U.S. tariff deadline on July 9 and the June-quarter earnings season, three analysts said. India's equity benchmarks ease as financials retreat from record highs Seven of the 13 major sectors declined on the day. The broader small-caps and mid-caps were little changed. Reliance Industries, which is the third highest weighted stock on Nifty, rose 1.9% after Nuvama raised its target price to a Street-high of 1,801 rupees citing improving growth prospects in its new energy segment. Financials inched 0.2% lower, easing for the second session after hitting a record high on Friday. Sigachi Industries lost 5.6%, extending Monday's 12% plunge, after a deadly fire at its Telangana facility killed at least 39 people. Apollo Hospitals rose 3.5% after unveiling plans to hive off its digital health and pharmacy unit.
