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Flexi Cap Fund


Investing in mutual funds can be an effective way to build long-term wealth while mitigating risk through diversification. Among the many categories available, flexi-cap funds stand out due to their dynamic investment approach. Read more..These funds provide investors with exposure to companies of all market capitalisations—large-cap, mid-cap, and small-cap—without any predetermined allocation constraints. The flexibility allows fund managers to navigate market fluctuations strategically, aiming for optimal returns. Read less

Flexi Cap Fund List

Name
AUM
1Y Returns

ICICI Pru Flexicap Fund (G)

Equity|Flexi Cap Fund

Buy

 ₹16677.21 cr. 7.88%

ICICI Pru Flexicap Fund (IDCW)

Equity|Flexi Cap Fund

Buy

 ₹16677.21 cr. 7.87%

ICICI Pru Flexicap Fund (IDCW) - Reinvestment

Equity|Flexi Cap Fund

Buy

 ₹16677.21 cr. 7.87%

Tata Flexi Cap Fund - Regular (IDCW) RI

Equity|Flexi Cap Fund

Buy

 ₹3125.47 cr. 11.34%

Tata Flexi Cap Fund - Regular (IDCW) RI - Reinvestment

Equity|Flexi Cap Fund

Buy

 ₹3125.47 cr. 11.34%

Aditya Birla SL Flexi Cap Fund (IDCW) - Reinvestment

Equity|Flexi Cap Fund

Buy

 ₹22414.03 cr. 11.71%

SBI Flexi Cap Fund (IDCW) - Reinvestment

Equity|Flexi Cap Fund

Buy

 ₹21660.92 cr. 4.42%

Shriram Flexi Cap Fund (IDCW)

Equity|Flexi Cap Fund

Buy

 ₹134.03 cr. -10.46%

Aditya Birla SL Flexi Cap Fund (IDCW) - Payout

Equity|Flexi Cap Fund

Buy

 ₹22414.03 cr. 11.71%

Canara Robeco Flexi Cap Fund (IDCW) - Reinvestment

Equity|Flexi Cap Fund

Buy

 ₹12608.62 cr. 8.89%
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What is a Flexi Cap Fund?

A flexi-cap fund is an open-ended equity mutual fund that invests at least 65% of its total assets in equity and equity-related instruments. Unlike large-cap, mid-cap, or small-cap funds that have fixed investment proportions, flexi-cap funds provide fund managers with the freedom to allocate assets across different market capitalisations based on market conditions and growth potential.
 

Key Features of Flexi Cap Funds:

  • Diversification Across Market Caps - Investments are spread across large-cap, mid-cap, and small-cap companies.
  • Dynamic Allocation - Fund managers have the flexibility to modify investment allocations depending on market trends.
  • Equity-Driven Growth - A minimum of 65% of the portfolio remains invested in equities and equity-related instruments.
  • Potential for Inflation-Beating Returns - Historically, flexi-cap funds have provided competitive returns that often outperform inflation.
  • Risk Mitigation - By diversifying investments across different capitalisations, these funds help manage risk and lower volatility.


Regulated by the Securities and Exchange Board of India (SEBI), flexi-cap funds were introduced on 8 November 2020, offering investors an opportunity to benefit from a more adaptive and market-responsive investment strategy.

 

How Does a Flexi Cap Fund Work?

Flexi-cap funds function by dynamically allocating investments across different market capitalisations without restrictions. This allows fund managers to invest in companies that align with the current market cycle, ensuring a more strategic approach to maximising returns.

 

How Fund Managers Allocate Investments:

  • If large-cap stocks are performing well and provide stable returns, the fund may allocate a higher percentage to them.
  • If mid-cap and small-cap stocks are expected to offer better growth potential, fund managers may shift a greater portion of assets towards them.
  • In times of market downturns, fund managers may adjust investments to safeguard capital by moving funds into more stable, well-established large-cap stocks.

 

What are the Features of Flexi Cap Fund?

Flexi Cap Funds are one of the most dynamic investment options in the mutual fund space, offering investors a diversified portfolio that adapts to market conditions. Here are some key features that make Flexi Cap Funds an attractive investment choice:

  • Diversified Portfolio – These funds invest across large-cap, mid-cap, and small-cap companies, ensuring a well-balanced and diversified investment portfolio.
  • Flexible Capital Allocation – Unlike other mutual fund categories, the allocation of investments is not restricted by predefined market capitalisation limits, allowing fund managers to adjust the portfolio dynamically.
  • Equity-Centric Investment – A minimum of 65% of the total assets must be invested in equity and equity-related instruments, making it a strong equity-focused investment option.
  • Active Fund Management – Fund managers have the freedom to shift allocations based on market trends, ensuring better risk management and potential returns.
  • Potential for High Returns – Due to their flexibility in stock selection and capital allocation, Flexi Cap Funds have historically delivered inflation-beating returns.
  • Risk Mitigation – The ability to invest across different capitalisations and sectors helps reduce market volatility risks, making them suitable for long-term investors.
  • Long-Term Growth – These funds are ideal for wealth creation over a 5 to 7-year investment horizon, ensuring sustainable growth.

 

Types of Flexi Cap Fund

Flexi Cap Funds can be categorised based on different investment strategies and fund management approaches. Here are the key types of Flexi Cap Funds:

  • Growth-Oriented Flexi Cap Funds – These funds primarily focus on investing in stocks with high growth potential, including emerging companies and industry leaders poised for expansion.
  • Value-Oriented Flexi Cap Funds – These funds seek undervalued stocks that have strong fundamentals, aiming to generate returns when their true market value is realised over time.
  • Blend Flexi Cap Funds – A combination of growth and value investing, these funds balance both strategies to optimise risk and return for investors.
  • Sectoral Flexi Cap Funds – Although rare, some flexi-cap funds may have a sectoral tilt, investing heavily in sectors that are expected to outperform in the near future.
  • Tax-Saving Flexi Cap Funds – Some Flexi Cap Funds also offer tax benefits under specific conditions, making them attractive for investors looking to optimise tax efficiency.

 

Who Should Invest in a Flexi Cap Fund?

Flexi Cap Funds are suitable for investors who seek diversification across different market capitalisations while maintaining the flexibility to adapt to changing market conditions. Here are the key investor profiles who may find Flexi Cap Funds beneficial:

  • Moderate to high-risk investors – As a minimum of 65% of the portfolio is allocated to equities, these funds carry inherent market risks. Investors should have the ability to withstand market fluctuations.
  • Long-term investors – Those willing to stay invested for at least 5-7 years can benefit from the potential wealth creation that equity investments offer.
  • Investors seeking diversification – These funds allocate capital across large-cap, mid-cap, and small-cap stocks, providing exposure to different segments of the equity market.
  • Those looking for professional fund management – Since fund managers actively adjust allocations based on market conditions, this option suits investors who prefer expert management over direct stock investments.
  • Investors looking for inflation-beating returns – Given their exposure to equities, flexi cap funds have the potential to generate returns that can outpace inflation over the long term.

 

How to Invest in a Flexi Cap Fund?

Investing in a Flexi Cap Fund is a straightforward process. Follow these steps to begin your investment journey:

Step 1: Research and Identify a Suitable Fund

  • Analyse different Flexi Cap Funds based on historical performance, risk levels, and expense ratios.
  • Compare returns, fund manager experience, and asset allocation strategies.
  • Check for additional factors such as tax implications and investment lock-in periods.
     

Step 2: Open a Demat or Mutual Fund Account

  • If you don’t already have an account, register with a recognised financial institution or mutual fund platform.
  • Submit the necessary Know Your Customer (KYC) documents, including identity proof, address proof, and bank details.
     

Step 3: Decide on Investment Mode

  • Choose between Systematic Investment Plan (SIP) or Lump Sum Investment:
    • SIP: Invest a fixed amount at regular intervals, reducing market timing risks.
    • Lump Sum: Invest a larger amount in one go, suitable for those with surplus capital.
       

Step 4: Complete the Investment Process

  • Enter the desired investment amount and proceed with the payment through your preferred mode.
  • For SIPs, set up AutoPay or standing instructions for hassle-free future instalments.
  • Review and confirm your investment details before finalising the transaction.
     

Step 5: Monitor and Reassess Periodically

  • Track the fund’s performance regularly to ensure it aligns with your investment goals.
  • Adjust investments based on changes in financial objectives or market conditions.
  • Consider rebalancing your portfolio if needed to maintain an optimal risk-return balance.

 

Advantages of Investing in Flexi Cap Funds

Flexi Cap Funds offer investors a unique opportunity to diversify their portfolios while benefiting from the flexibility of capital allocation across market capitalisations. Below are the key advantages of investing in Flexi Cap Funds:

  • Diversification Across Market Segments - Flexi Cap Funds allocate investments across large-cap, mid-cap, and small-cap stocks. This diversification helps in spreading risk and potentially enhancing returns by capturing growth opportunities across different market segments.
  • Dynamic Asset Allocation - Since there are no predefined allocation limits, fund managers have the flexibility to invest in any proportion across market capitalisations. This enables them to respond to market trends and adjust portfolios accordingly to optimise returns.
  • Risk Management - The ability to allocate capital dynamically ensures that risk is balanced. During market downturns, fund managers may allocate more funds towards stable large-cap stocks, while in bullish markets, they might increase investments in mid-cap and small-cap stocks to maximise returns.
  • Potential for Higher Returns - Compared to large-cap-focused funds, Flexi Cap Funds have the potential to generate higher returns as they can capitalise on growth opportunities across different segments. The fund manager’s ability to shift allocations based on performance trends helps in maximising returns.
  • Suitable for Long-Term Investors - Flexi Cap Funds are ideal for investors with a long-term investment horizon, typically ranging from five to seven years or more. Over time, market volatility tends to even out, leading to better wealth creation opportunities.
  • Professional Fund Management - With experienced fund managers handling the portfolio, investors can benefit from strategic decision-making based on in-depth market research and analysis. The flexibility of these funds allows managers to adopt various investment styles, including value investing, growth investing, or a blend of both.
  • Inflation-Beating Growth - Historically, Flexi Cap Funds have shown the potential to provide returns that outperform inflation over the long term. This makes them a viable option for wealth accumulation and financial security.

 

Risks Involved in Flexi Cap Funds

While Flexi Cap Funds offer several advantages, it is essential to consider the potential risks involved before investing. Below are the key risks associated with these funds:

  • Market Risk – As these funds predominantly invest in equities, they are subject to market fluctuations. Stock prices may decline due to various factors, affecting overall returns.
  • Volatility Risk – The dynamic nature of capital allocation means that the portfolio composition may change frequently. This could lead to higher volatility in returns compared to more stable investment options.
  • Fund Manager’s Discretion Risk – Since fund managers have complete control over asset allocation, their investment decisions significantly impact performance. Poor fund management could result in suboptimal returns.
  • Sector-Specific Risks – If the fund manager chooses to allocate a significant portion to a particular sector, any downturn in that sector could negatively affect the fund’s performance.
  • Liquidity Risk – Investments in small-cap and mid-cap stocks may face liquidity challenges, making it difficult to exit positions during market downturns.
  • Alignment with Investment Goals – Since these funds are dynamic, they may undergo changes that could shift the risk profile over time. Investors should regularly review their holdings to ensure alignment with their investment objectives.

 

Factors To Consider Before Investing in Flexi Cap Fund

Investing in a Flexi Cap Fund requires a thorough understanding of various aspects to ensure it aligns with your financial goals and risk appetite. Below are key factors to consider before making an investment:

  • Risk Tolerance - Flexi Cap Funds invest across large-cap, mid-cap, and small-cap stocks, making them inherently dynamic and volatile. Investors must assess their ability to withstand market fluctuations and ensure they are comfortable with potential short-term downturns.
  • Investment Horizon - Equity-based investments typically yield the best returns over a long-term horizon. Since Flexi Cap Funds require at least 65% investment in equity and equity-related instruments, it is advisable to remain invested for at least 5-7 years to mitigate short-term volatility and optimise returns.
  • Historical Performance - While past performance is not a guarantee of future results, analysing the historical performance of a fund can provide insights into its consistency, resilience during market downturns, and potential for long-term capital appreciation.
  • Fund Manager’s Expertise - Since Flexi Cap Funds rely heavily on active fund management, evaluating the experience, investment strategy, and past track record of the fund manager is crucial. A skilled fund manager can make well-informed allocation decisions based on prevailing market conditions.
  • Portfolio Diversification - Diversification helps mitigate risk by spreading investments across different sectors and capitalisations. Although Flexi Cap Funds offer built-in diversification, investors should ensure their overall portfolio remains balanced and aligns with their financial objectives.
  • Expense Ratio - The expense ratio represents the annual cost of managing the fund. A high expense ratio can erode returns over time. Comparing the expense ratios of different Flexi Cap Funds can help investors select a fund that offers optimal returns at a reasonable cost.

 

Taxability of Flexi Cap Fund

Understanding the tax implications of investing in a Flexi Cap Fund is essential for effective financial planning. The taxation of these funds is divided into two primary components: capital gains and dividends.

  • Capital Gains Taxation - Capital gains tax applies when investors sell units of the fund. The tax rate depends on the duration of the investment:
    • Short-term Capital Gains (STCG) - If the investment is held for less than one year, the gains are taxed at 15%.
    • Long-term Capital Gains (LTCG) - If the investment is held for more than one year, gains exceeding ₹1 lakh in a financial year are taxed at 10%.
  • Dividend Taxation - If investors receive dividends from a Flexi Cap Fund, the amount is added to their total taxable income and taxed as per their income tax slab. Additionally, a 10% Tax Deducted at Source (TDS) is applicable on dividends exceeding ₹5,000 in a financial year.

 

Popular Flexi Cap Funds in India

Flexi Cap Funds provide investors with the flexibility to invest across large-cap, mid-cap, and small-cap stocks, offering diversification and growth opportunities. Below is a comparative analysis of the top Flexi Cap Funds in India based on key financial metrics:

Name of the Fund

AUM (₹ Cr)

CAGR 5Y

Expense Ratio

Alpha

Sharpe Ratio

CAGR 3Y

Quant Flexi Cap Fund

7,184.84

30.51

0.61

-1.24

0.22

19.57

Parag Parikh Flexi Cap Fund

87,539.41

24.68

0.63

4.63

1.44

18.49

JM Flexicap Fund

5,338.35

23.39

0.55

4.61

1.02

24.74

HDFC Flexi Cap Fund

66,344.40

22.17

0.79

3.82

1.20

22.65

Franklin India Flexi Cap Fund

17,946.77

20.84

0.92

1.81

0.75

17.69

The following is an in-depth look at each of these funds:

Quant Flexi Cap Fund

  • Ranks 1st with a 5-year CAGR of 30.51%.
  • Lowest AUM among the funds at ₹7,184.84 crore.
  • Expense ratio is 0.61%, offering cost efficiency.
  • Alpha of -1.24 suggests underperformance relative to its benchmark.
  • Sharpe ratio of 0.22 indicates lower risk-adjusted returns.
  • 3-year CAGR of 19.57%, ranking 4th in short-term performance.

 

Parag Parikh Flexi Cap Fund

  • Ranks 2nd with a 5-year CAGR of 24.68%.
  • Highest AUM among the funds at ₹87,539.41 crore.
  • Expense ratio of 0.63%, which is competitive.
  • Alpha of 4.63, the highest, indicating significant outperformance.
  • Sharpe ratio of 1.44, the best in the list, showcasing strong risk-adjusted returns.
  • 3-year CAGR of 18.49%, ranking 5th among the funds.

 

JM Flexicap Fund

  • Ranks 3rd with a 5-year CAGR of 23.39%.
  • AUM of ₹5,338.35 crore, the 2nd lowest in the list.
  • Lowest expense ratio at 0.55%, making it cost-effective.
  • Alpha of 4.61, the 2nd highest among the funds.
  • Sharpe ratio of 1.02, reflecting a balanced risk-return profile.
  • 3-year CAGR of 24.74%, ranking 1st in short-term performance.

 

HDFC Flexi Cap Fund

  • Ranks 4th with a 5-year CAGR of 22.17%.
  • AUM of ₹66,344.40 crore, the 2nd highest.
  • Expense ratio of 0.79%, slightly higher than other funds.
  • Alpha of 3.82, ranking 3rd in outperformance.
  • Sharpe ratio of 1.20, reflecting relatively strong risk-adjusted returns.
  • 3-year CAGR of 22.65%, ranking 2nd among the funds.

 

Franklin India Flexi Cap Fund

  • Ranks 5th with a 5-year CAGR of 20.84%.
  • AUM of ₹17,946.77 crore, mid-range in the list.
  • Highest expense ratio at 0.92%, impacting cost-efficiency.
  • Alpha of 1.81, the lowest positive alpha in the list.
  • Sharpe ratio of 0.75, ranking 4th in risk-adjusted returns.
  • 3-year CAGR of 17.69%, ranking 3rd in short-term performance.


The above-mentioned funds are for informational purposes only and do not constitute investment recommendations. Investors should conduct their research and consult financial advisors before making investment decisions.

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ADDITIONAL DISCLAIMER FOR U.S. PERSONS

Bajaj Financial Securities Limited is not a registered broker-dealer under the U.S. Securities Exchange Act of 1934, as amended (the"1934 act") and under applicable state laws in the United States. In addition, Bajaj Financial Securities Limited is not a registered investment adviser under the U.S. Investment Advisers Act of 1940, as amended (the "Advisers Act" and together with the 1934 Act, the "Acts), and under applicable state laws in the United States. Accordingly, in the absence of specific exemption under the Acts, any brokerage and investment services provided by Bajaj Financial Securities Limited, including the products and services described herein are not available to or intended for U.S. persons. This email message does not constitute an offer or invitation to purchase or subscribe for any securities or solicitation of any investments or investment services and/or shall not be considered as an advertisement tool. "U.S. Persons" are generally defined as a natural person, residing in the United States or any entity organized or incorporated under the laws of the United States. US Citizens living abroad may also be deemed "US Persons" under certain rules.  

ADDITIONAL DISCLAIMER FOR CANADIAN PERSONS

Bajaj Financial Securities Limited is not a registered adviser or dealer under applicable Canadian securities laws nor has it obtained an exemption from the adviser and/or dealer registration requirements under such law. Accordingly, any brokerage and investment services provided by Bajaj Financial Securities Limited, including the products and services described herein are not available to or intended for Canadian persons.  

This mailer and its respective contents do not constitute an offer or invitation to purchase or subscribe for any securities or solicitation of any investments or investment services.  

DISCLAIMER FOR REPORT

DISCLOSURES UNDER THE PROVISIONS OF SEBI (RESEARCH ANALYSTS) REGULATIONS 2014 (REGULATIONS)

Bajaj Financial Securities Limited ("Bajaj Broking" or "Research Entity") is regulated by the Securities and Exchange Board of India ("SEBI") and is licensed to carry on the business of broking, depository services and related activities.  

This Report has been prepared by Bajaj Financial Securities Limited in the capacity of a Research Analyst having SEBI Registration No. INH000010043 and distributed as per SEBI (Research Analysts) Regulations 2014. This report does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. The information contained herein is from publicly available data or other sources believed to be reliable. This report is provided for assistance only and is not intended to be and must not alone be taken as the basis for an investment decision. The user assumes the entire risk of any use made of this information. Each recipient of this report should make such investigation as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should consult his own advisors to determine the merits and risks of such investment. The investment discussed or views expressed may not be suitable for all investors.  

This information is strictly confidential and is being furnished to you solely for your information. This information should not be reproduced or redistributed or passed on directly or indirectly in any form to any other person or published, copied, in whole or in part, for any purpose. This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject Bajaj Financial Securities Limited and associates / group companies to any registration or licensing requirements within such jurisdiction. The distribution of this report in certain jurisdictions may be restricted by law, and persons in whose possession this report comes, should observe, any such restrictions. The information given in this report is as of the date of this report and there can be no assurance that future results or events will be consistent with this information. This information is subject to change without any prior notice. Bajaj Financial Securities Limited reserves the right to make modifications and alterations to this statement as may be required from time to time. Bajaj Financial Securities Limited or any of its associates / group companies shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report. Bajaj Financial Securities Limited is committed to providing independent and transparent recommendation to its clients. Neither Bajaj Financial Securities Limited nor any of its associates, group companies, directors, employees, agents or representatives shall be liable for any damages whether direct, indirect, special or consequential including loss of revenue or lost profits that may arise from or in connection with the use of the information. Our proprietary trading and investment businesses may make investment decisions that are inconsistent with the recommendations expressed herein. Past performance is not necessarily a guide to future performance .The disclosures of interest statements incorporated in this report are provided solely to enhance the transparency and should not be treated as endorsement of the views expressed in the report. The information provided in these reports remains, unless otherwise stated, the copyright of Bajaj Financial Securities Limited. All layout, design, original artwork, concepts and other Intellectual Properties, remains the property and copyright of Bajaj Financial Securities Limited and may not be used in any form or for any purpose whatsoever by any party without the express written permission of the copyright holders.  

We offer our research services to clients as well as our prospects. Though this report is disseminated to all the customers simultaneously, not all customers may receive this report at the same time. We will not treat recipients as customers by virtue of their receiving this report.  

Bajaj Financial Securities Limited and its associates, officer, directors, and employees, research analyst (including relatives) worldwide may: (a) from time to time, have long or short positions in, and buy or sell the securities thereof, of company(ies), mentioned herein or (b) be engaged in any other transaction involving such securities and earn brokerage or other compensation or act as a market maker in the financial instruments of the subject company/company(ies) discussed herein or act as advisor or lender/borrower to such company(ies) or have other potential/material conflict of interest with respect to any recommendation and related information and opinions at the time of publication of research report or at the time of public appearance. Bajaj Financial Securities Limited may have proprietary long/short position in the above-mentioned scrip(s) and therefore should be considered as interested. The views provided herein are general in nature and do not consider risk appetite or investment objective of any particular investor; readers are requested to take independent professional advice before investing. This should not be construed as invitation or solicitation to do business with Bajaj Financial Securities Limited.  

Bajaj Financial Securities Limited or its associates may have received compensation from the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates may have managed or co-managed public offering of securities for the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates may have received compensation for investment banking or merchant banking or brokerage services from the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates may have received any compensation for products or services other than investment banking or merchant banking or brokerage services from the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates have not received any compensation or other benefits from the Subject Company or third party in connection with the research report. Research analyst or his/her relative or Bajaj Financial Securities Limited’s associates may have financial interest in the subject company. Bajaj Financial Securities Limited, its associates, research analyst and his/her relative may have other potential/material conflict of interest with respect to any recommendation and related information and opinions at the time of publication of research report or at the time of public appearance.  

Research analyst has served as an officer, director or employee of subject Company: No  

Bajaj Financial Securities Limited has financial interest in the subject companies: No  

Bajaj Financial Securities Limited’s Associates may have actual/beneficial ownership of 1% or more securities of the subject company at the end of the month immediately preceding the date of publication of research report.  

Research analyst or his/her relative has actual/beneficial ownership of 1% or more securities of the subject company at the end of the month immediately preceding the date of publication of research report: No  

Bajaj Financial Securities Limited has actual/beneficial ownership of 1% or more securities of the subject company at the end of the month immediately preceding the date of publication of research report: No  

Subject company may have been client during twelve months preceding the date of distribution of the research report.  

There were no instances of non-compliance by Bajaj Financial Securities Limited on any matter related to the capital markets, resulting in significant and material disciplinary action during the last three years. A graph of daily closing prices of the securities is also available at https://www.nseindia.com/

ANALYST CERTIFICATION

The analyst for this report certifies that all of the views expressed in this report accurately reflect his or her personal views about the subject company or companies and its or their securities, and no part of his or her compensation was, is or will be, directly or indirectly related to specific recommendations or views expressed in this report.  

RISK DISCLOSURE ON DERIVATIVES

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to ₹ 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.

SEBI study dated January 25, 2023 on “Analysis of Profit and Loss of Individual Traders dealing in equity Futures and Options (F&O) Segment”, wherein Aggregate Level findings are based on annual Profit/Loss incurred by individual traders in equity F&O during FY 2021-22.

BROKERAGE DISCLAIMER

All leveraged intraday positions will be squared off on the same day. There is no restriction on the withdrawal of the unutilised margin amount. Brokerage will not exceed the SEBI prescribed limit. Visit : https://www.bajajbroking.in/pricing

MTF 

As subject to the provisions of SEBI Circular CIR/MRD/DP/54/2017 dated June 13, 2017, and the terms and conditions mentioned in the lights and obligations statement issued by the TM (if applicable).  

US INVESTING

International investment is not supervised by any regulatory body in India. Thus, any claim or dispute relating to such investment or enforcement of any agreement/contract /claim will not be under laws and regulations of the recognized stock exchanges and investor protection under Indian Securities Law. The account opening process will be carried out on Vested platform and Bajaj Financial Securities Limited will not have any role in it.  

MARKETSMITH / GOLDENPI / SOVEREIGN GOLD BONDS

Bajaj Financial Securities Limited is only distributor of this product. These are not exchange traded products and all disputes with respect to the distribution activity, would not have access to exchange investor redressal forum or Arbitration mechanism. Bajaj Financial Securities Limited is not a registered Investment Advisory. User discretion is required before investing. Client is requested to independently evaluate and/or consult their professional advisors before arriving at any conclusion to make any investment. The decision to invest shall be the sole responsibility of the Client and shall not hold Bajaj Financial Securities Limited, its employees and associates responsible for any losses, damages of any type whatsoever. 

IPO 

This should not be construed as soliciting investment. Investors’ discretion is required. Kindly consult your financial expert before investing. No need to issue cheques by investors while subscribing to IPO. Investments in securities markets are subject to market risks, read all the related documents carefully before investing.  

SCREENERS 

Screeners is not Exchange-approved products and any disputes related to the same will not be dealt on the Exchange platform. 

SECURITIES 

Securities quoted are exemplary and not recommendatory. 

IPV 

Account would be open after all procedure relating to IPV and client due diligence is completed. 

IMAGES 

The images used are only for representation purpose. Proper due diligence has been done for the images and the image is not of any artist. The same is captured from royalty free sites. 

DISCLOSURE TO CLIENTS REGARDING PAYOUT OF FUNDS

As per SEBI circular no. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/84 dated June 08, 2023, Stockbrokers are required to upstream the entire client funds lying with them to the Clearing Corporation. Based on client’s request the funds’ release request must be placed with the Clearing Corporation. Based on the internal process and cut-off timelines of the Clearing Corporation the funds will be released to the Stock Broker. In view of this new process, as specified by the regulatory and the cut-off time of Clearing Corporation/Banks processing the funds, Bajaj Financial Securities Limited cannot commit the exact time for releasing funds payout to its client. Clients are requested to note that, Bajaj Financial Securities Limited will not be responsible for any inconvenience caused to clients due to delay in release of funds payout, including fines, delayed charges, defaults, etc.