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Bandhan Mutual Fund Launched Bandhan Nifty Total Market Index Fund

25 June 20245 mins read by Angel One
In the following article we shed light on the NFO's objectives, fund allocation, fund managers, and peer performance.
Bandhan Mutual Fund Launched Bandhan Nifty Total Market Index Fund
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The Bandhan Nifty Total Market Index Fund, launched by Bandhan Mutual Fund on June 24th, 2024, is an open-ended index fund that tracks the Nifty Total Market Index. This means the fund aims to mirror the performance of the entire Indian stock market (excluding the bottom 5%) by investing in the same companies and with the same weightings. There is no guarantee of success, but the goal is to deliver returns that match the overall market’s ups and downs. There is a minimum investment of Rs. 1000 and you can invest more anytime. Keep in mind there is an exit load of 0.25% if you redeem your investment within 15 days of purchase, but no charge after that. The offer closes on July 5th, 2024, so if you are interested, you must act fast.

Investment Objective

The investment objective of the Bandhan Nifty Total Market Index Fund is to replicate the Nifty Total Market Index by investing in securities of the Nifty Total Market Index in the same proportion/weightage with an aim to provide returns before expenses that tracks the total return of Nifty Total Market Index, subject to tracking errors. However, there is no assurance or guarantee that the objectives of the scheme will be realized and the scheme does not assure or guarantee any returns.

This NFO of Bandhan Nifty Total Market Index Fund is suitable for investors who are seeking to create wealth over a long term and investment in equity and equity-related instruments belonging to the Nifty Total Market Index.

Risk-o-meter:

Funds Allocation

Types of Instruments Risk Profile Minimum Allocation (% of Net Assets) Maximum Allocation (% of Net Assets)
Securities belonging to the Nifty Total Market Index (including stock & index derivatives) Very High 95 100
Debt & Money Market instruments Low 0 5

Benchmark

The performance of the Bandhan Nifty Total Market Index Fund will be benchmarked to the performance of Nifty Total Market TRI.

Fund Managers

Mr. Nemish Sheth, 37 years old, holds a Post Graduate Diploma in Management Studies with a specialization in Finance and a Bachelor’s degree in Commerce. He joined Bandhan AMC’s Equity Fund Management team on November 1, 2021, taking on the roles of Dealer – Equity and Fund Manager. Mr. Sheth brings a wealth of knowledge and expertise to the team, leveraging his extensive experience to drive fund performance and manage equity portfolios effectively. Mr. Nemish Sheth has a total of 12 years of experience in the financial industry.

Peer Mutual Fund Schemes 

Scheme Name Launch Date AUM (Crore) Expense Ratio (%) Since Launch Ret (%)
Groww Nifty Total Market Index Fund 23-10-2023 145.38 1.00 19.46

Data as of June 21, 2024

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.

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