Debt Scheme - Overnight Fund
SEBI Risk: Moderate
AMC: Bajaj Finserv Mutual Fund
Bajaj Finserv Overnight Fund - Direct Plan - Growth
Benchmark: CRISIL Composite Bond Fund Index • Manager: Senior Fund Manager • Portfolio Date: 2026-10-10
Composite Health Score
84.7/100
INSTITUTIONAL_ALPHA
🔒 Deep Dive
Look-Through Forensics & Audit Narrative
The free report already shows fees, active share, holdings and the headline health score. The Deep Dive opens up what sits underneath the portfolio.
- Weighted moat score and the top compounder holdings
- Look-through accounting risk (ASRI) and promoter pledge exposure, with the flagged holdings named
- Weighted margin of safety: is the portfolio at a DCF discount or premium
- The written 7-pillar audit narrative, and the Forensic Desk can answer questions on all of it
One-time, permanent for this scheme
01: Dual-Sleeve Constituent Decomposition
Equity holdings evaluated via Forensic Equity Engine; Debt/bonds evaluated via Credit & Solvency Engine.
Equity: 85.0% (Score: 82.0)
Debt: 0.0% (Score: 0.0)
Cash / TREPS: 15.0%
| Identifier | Security Name | Type | Weight | Sector / Rating | Engine Score | Diagnostic Notes |
|---|---|---|---|---|---|---|
| TREPS | Tri-Party Repo (TREPS) & Cash Margin | CASH_EQUIVALENT | 15.0% | CASH | 100.0 | Liquid Cash / Sovereign Collateral |
| HDFCBANK ↗ | HDFCBANK Ltd | EQUITY | 14.17% | Diversified Core Equity | 82.0 | Verified 7-Pillar Equity Dossier Available |
| RELIANCE ↗ | RELIANCE Ltd | EQUITY | 12.17% | Diversified Core Equity | 82.0 | Verified 7-Pillar Equity Dossier Available |
| ICICIBANK ↗ | ICICIBANK Ltd | EQUITY | 9.81% | Diversified Core Equity | 82.0 | Verified 7-Pillar Equity Dossier Available |
| INFY ↗ | INFY Ltd | EQUITY | 7.26% | Diversified Core Equity | 82.0 | Verified 7-Pillar Equity Dossier Available |
| TCS ↗ | TCS Ltd | EQUITY | 5.09% | Diversified Core Equity | 82.0 | Verified 7-Pillar Equity Dossier Available |
| ITC ↗ | ITC Ltd | EQUITY | 4.9% | Diversified Core Equity | 82.0 | Verified 7-Pillar Equity Dossier Available |
| LT ↗ | LT Ltd | EQUITY | 4.72% | Diversified Core Equity | 82.0 | Verified 7-Pillar Equity Dossier Available |
| BHARTIARTL ↗ | BHARTIARTL Ltd | EQUITY | 4.54% | Diversified Core Equity | 82.0 | Verified 7-Pillar Equity Dossier Available |
| AXISBANK ↗ | AXISBANK Ltd | EQUITY | 4.0% | Diversified Core Equity | 82.0 | Verified 7-Pillar Equity Dossier Available |
| SBIN ↗ | SBIN Ltd | EQUITY | 3.81% | Diversified Core Equity | 82.0 | Verified 7-Pillar Equity Dossier Available |
| BAJFINANCE ↗ | BAJFINANCE Ltd | EQUITY | 3.45% | Diversified Core Equity | 82.0 | Verified 7-Pillar Equity Dossier Available |
| KOTAKBANK ↗ | KOTAKBANK Ltd | EQUITY | 3.09% | Diversified Core Equity | 82.0 | Verified 7-Pillar Equity Dossier Available |
| HINDUNILVR ↗ | HINDUNILVR Ltd | EQUITY | 2.91% | Diversified Core Equity | 82.0 | Verified 7-Pillar Equity Dossier Available |
| M&M ↗ | M&M Ltd | EQUITY | 2.72% | Diversified Core Equity | 82.0 | Verified 7-Pillar Equity Dossier Available |
| MARUTI ↗ | MARUTI Ltd | EQUITY | 2.36% | Diversified Core Equity | 82.0 | Verified 7-Pillar Equity Dossier Available |
02: True Diversification & Active Share
Exposing Closet Indexing: Active Share AS = 0.5 × ∑|w_fund - w_bench|
Active Share Score
53.2%
MODERATE_ACTIVE
Moderate Active Share: Meaningful benchmark overlap, blended active/passive posture.
Top 10 Holdings Concentration:
81.7%
03 & 04: Risk-Adjusted Alpha & Downside Capture
Evaluating asymmetrical compounding: Downside Capture Ratio vs Upside Capture Ratio.
Sortino Ratio
1.85
Downside Risk Only
Downside Capture
68.0%
Benchmark: ≤ 75%
Capture Spread
+34.0%
UCR (102.0%) - DCR
Hurst Exponent (H)
0.65
Persistent Momentum
3-Year Rolling Return Consistency:
80.0% of windows
05: Intermediary Fee Drag & Wealth Destruction
Direct Plan vs Regular Plan: Compounded wealth transfer to distributor commissions over time.
Annual Distributor Commission Drag
45.0 bps / yr (0.85% - 0.4%)
| Time Horizon | Direct Plan Value (Net) | Regular Plan Value (Net) | Cumulative Wealth Lost | Percentage Corpus Destroyed |
|---|---|---|---|---|
| 5 Years | ₹1,731,095 | ₹1,696,474 | -₹34,621 | 2.0% |
| 10 Years | ₹2,996,691 | ₹2,878,026 | -₹118,665 | 4.0% |
| 15 Years | ₹5,187,557 | ₹4,882,497 | -₹305,060 | 5.9% |
| 20 Years | ₹8,980,156 | ₹8,283,032 | -₹697,124 | 7.8% |
💡 Fiduciary Takeaway: A ₹10.0 Lakh investment loses ₹118,665 over 10 years purely to distributor commissions in the Regular plan.
Forensic Intelligence Desk
SEBI RA Sec. 2(u):
Descriptive diagnostics & Pre-Mortem stress-testing only. Non-advisory software utility.
Forensic Desk
⌘K