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Bandhan Mutual Fund Launches A New Long Duration Fund

06 March 20246 mins read by Angel One
In the following article we shed light on the NFO, NFO objectives, fund allocation, fund managers and peer performance.
Bandhan Mutual Fund Launches A New Long Duration Fund
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Bandhan Long Duration Fund (NFO) is an open-ended long duration debt fund launched by Bandhan Mutual Fund. The NFO opened today on March 5, 2024 and closing on Monday, March 18, 2024. It aims to invest in a diversified set of debt and money market securities with a maturity of over 7 years to generate optimal returns over the long term. The fund comes with no entry load and exit load, and the minimum investment amount is Rs. 1,000 and in multiples of Rs. 1 thereafter. However, there is no guarantee that the investment objective of the scheme will be achieved.

Investment Objective

To generate income/capital appreciation through investments in debt and money market instruments. There is no assurance that the investment objective of the Scheme will be achieved.

Bandhan Long Duration Fund’s NFO is suitable for investors who are seeking long term wealth creation and to generate income and capital appreciation through investments in debt and money market instruments

Risk-o-meter: Bandhan Long Duration Fund Scheme – Moderate, Benchmark –Moderate.

Potential Risk Class: It’s a relatively high interest rate risk and relatively low credit risk scheme (A – III).

Funds Allocation

Investments Indicative Allocation Risk Profile
Debt & Money market


0 – 100% Low – Medium


Bandhan Long Duration Fund will benchmark against the NIFTY Long Duration Debt Index- A-III

Fund Managers

Mr. Gautam Kaul Senior (Fund Manager – Fixed Income), Age: 44 Years, Educational Qualification: B. com, MBA.

Mr. Sreejith Balasubramanian (Vice President – Fixed Income), Age: 39 years, Educational Qualification: B.E. Mechanical and MBA.

What is Long Duration Fund?

A Long Duration Fund is a type of debt mutual fund that primarily invests in government and corporate bonds with maturities exceeding seven years. These funds aim to generate returns through both interest income earned on the bonds and capital appreciation from the bonds’ value in the market.

Key Characteristics:

  • Higher potential returns: from longer bond maturities.
  • Higher interest rate sensitivity: prices are more volatile due to longer maturities.
  • Suitable for long-term investors: can ride out market volatility.

Peers of Bandhan Long Duration Fund and their performance

Scheme Name Launch Date AUM (Crore) Expense Ratio (%) Returns as on – 04-03-2024 in %
2024 2023 2022 2021 2020
Bandhan Bond Income Reg Gr 14-07-2000 493.60 1.99 2.19 5.96 0.61 1.24 11.78
ICICI Pru Long Term Bond Gr 09-07-1998 691.99 0.9 2.76 6.83 1.26 0.4 11.02
ABSL Long Duration Fund Reg Gr 05-08-2022 90.13 1.08 3.21 7.27
Axis Long Duration Fund Reg Gr 27-12-2022 193.58 0.71 3.75 7.15
Nippon India Nivesh Lakshya Gr 05-07-2018 6984.29 0.64 3.81 7.25 2.41 0.82 13.43
UTI Long Duration Fund Reg Gr 18-03-2023 71.97 1.51 4.21
HDFC Long Duration Debt Fund Gr 20-01-2023 1738.27 0.6 4.31
SBI Long Duration Fund Reg Gr 21-12-2022 1207.37 0.68 4.32 7.82
Debt: Long Duration 3.57 7.05 1.43 0.82 12.08

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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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