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Bandhan Mutual Fund launches Bandhan Innovation Fund

12 April 20246 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 launches Bandhan Innovation Fund
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Bandhan Innovation Fund is a new open-ended equity thematic scheme launched by Bandhan Mutual Fund on April 10, 2024. The scheme aims to generate long-term capital appreciation by investing in companies following innovation themes. There is no assurance that the investment objective of the scheme will be achieved. The minimum subscription amount is Rs. 1,000. There is no entry load but an exit load of 0.50% if redeemed or switched out within 30 days from the date of allotment and nil thereafter.

Investment Objective

The Bandhan Innovation Fund seeks to generate long-term capital appreciation by investing predominantly in equity and equity-related instruments of companies following the innovation theme. Disclaimer: There is no assurance or guarantee that the scheme’s objectives will be realized.

This NFO of Bandhan Innovation Fund is suitable for investors who are seeking to create wealth over the long term and invest predominantly in equity and equity-related instruments of companies following innovation themes. Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


Funds Allocation

Instruments Indicative Allocation (% of total assets) Risk Profile
Minimum Maximum
Equity & equity-related instruments following innovation theme 80% 100% Very high
Equity & Equity related securities other than above and overseas securities 0% 20% Very high
Debt Securities and Money Market Instruments (including Government securities and securitized debt) 0% 20% Low to Moderate
Units issued by REITs & InvITS 0% 10% Very High


The performance of the Bandhan Innovation Fund is benchmarked against the NIFTY 500 TRI.

Fund Managers

Mr. Manish Gunwani, Head of Equities at Bandhan Mutual Fund, holds a postgraduate diploma in management from IIM Bangalore and a bachelor’s degree in technology from IIT Madras. With extensive experience in managing funds since January 28, 2023, Mr. Gunwani oversees the equity portion of various schemes including Bandhan Small Cap Fund, Bandhan Core Equity Fund, and Bandhan Hybrid Equity Fund.

Mr. Brijesh Shah, the Associate Vice President of Fixed Income, possesses a postgraduate diploma in finance and has a wealth of experience in the field. At Bandhan Mutual Fund, Mr. Shah manages the debt portion of several schemes including Bandhan Liquid Fund, Bandhan Balanced Advantage Fund, Bandhan Overnight Fund, and Bandhan US Treasury Bond 0–1 year Fund.

Ms. Ritika Behera, serving as the Vice President of Equities, holds an MBA in finance along with a bachelor’s degree in commerce. With 37 years of experience, she is the dedicated fund manager for foreign and overseas investments at Bandhan Mutual Fund, bringing her expertise to optimize investments in global markets.

Peer Mutual Fund Schemes

Scheme Name AuM (Cr)
UTI Innovation Fund  624.38
Nippon India Innovation Fund 1,295.56
Union Innovation & Opportunities Fund 619.28
Baroda BNP Paribas Innovation Fund 0.00
ICICI Prudential Innovation Fund  4,213.72

All of the above funds are recently launched.

Characteristics of Sectoral/Thematic Mutual Funds

  • Sector/Theme Focus: These funds invest in a specific sector (e.g., technology, healthcare) or a theme (e.g., electric vehicles, clean energy).
  • High Potential Returns: They aim to capture the outperformance of a particular sector or theme, offering the chance for higher returns than diversified funds.
  • Concentration Risk: By focusing on a narrow area, they are more susceptible to downturns in that sector or theme compared to broader funds.
  • Active Management: These funds are typically actively managed by fund managers who select stocks based on their outlook for the chosen sector or theme.
  • Market Capitalization Variation: Thematic/Sectoral funds can invest across large-cap, mid-cap, and small-cap stocks within their chosen area.

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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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