Bandhan Mutual Fund Files Draft For Bandhan Fixed Maturity Plan – Series 212 (93 Days)

Bandhan Fixed Maturity Plan – Series 212 is a close-ended debt scheme with a tenure of 93 days. It focuses on generating income by investing in debt and money market instruments that mature within the scheme’s fixed duration. The scheme carries a relatively low interest rate risk and moderate credit risk.

The goal of the scheme is to provide regular income over the short term. However, there is no guarantee or assurance that this objective will be achieved.

Tenure and Structure

The scheme is close-ended, meaning subscriptions are only allowed during the New Fund Offer (NFO) period. After the NFO closes, units cannot be purchased or redeemed directly but will be listed on the Bombay Stock Exchange (BSE) for trading.

• Minimum Investment: ₹5,000 during the NFO period.
• New Fund Offer Price: ₹10 per unit.
• Options Available: Regular and Direct Plans with Growth or Income Distribution (IDCW) options.

Benchmark and Risk Classification

The scheme’s performance will be benchmarked against the Nifty Ultra Short Duration Debt Index A-I. It is categorized under “B-I” in the Potential Risk Class Matrix, showing low interest rate risk and moderate credit risk.

Investment Allocation

The fund will invest between 0% and 100% in debt and money market instruments, with up to 40% allocated to securitized debt. Instruments like derivatives, foreign securities, and credit-enhanced debt are excluded from its portfolio.

Expense Ratio and Redemption

The scheme’s recurring annual expenses are capped at 1% of its daily net assets, with additional costs applicable for investments from specified cities (B30 cities).
Units cannot be redeemed before maturity. However, investors can trade the units on the stock exchange once listed.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments in the securities market are subject to market risks, read all the related documents carefully before investing.