Publish Date:
Bandhan Mutual Fund launches – Bandhan Innovation Fund
It is an open-ended equity scheme following an innovation theme.
Accordingly, investment objective of the scheme seeks to generate long-term capital appreciation by investing predominantly in equity and equity-related instruments of companies following innovation theme. However, there can be no assurance that the investment objective of the Scheme will be realized.
Under normal circumstances, Bandhan Innovation Fund will hold an allocation of 80% to 100% in Equity & equity related instruments following innovation theme, 0% to 20% in Equity & Equity related securities other than above and overseas securities, 0% to 20% in Debt Securities and Money Market Instruments (including Government securities, Securitised debt) and 0% to 10% in Units issued by REITs & InvITs.
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As per the Scheme Information Document, Bandhan Innovation Fund endeavours to provide long-term capital appreciation through investment primarily in companies which are embracing innovation theme and employ innovation in products, distinguished processes, and/or business models.
The fund will primarily invest in businesses that aim to have a relatively higher market share in a new industry with significant growth potential and have a focus on higher research and development. The fund will be actively managed and will have the flexibility to invest across market caps and sectors with a focus on high-quality companies that are early trend adopters.
The fund manager will predominantly follow a bottom-up approach to seek but not be limited to companies that exhibit strong innovative characteristics. The innovation framework that the scheme uses focuses on three key aspects i.e., Leading Innovators, Rising Innovators, and Emerging Innovators (LRE).
Bandhan Innovation Fund’s performance will be benchmarked against NIFTY 500 TRI
The scheme will be managed by Mr Manish Gunwani (equity portion), Mr Brijesh Shah (debt portion) and Ms. Ritika Behera (overseas investment portion).
The NFO opens for subscription on April 10, 2024 and closes on April 24, 2024. The schemes will reopen for continuous sale and repurchase within five business days from the date of allotment of units.
The minimum subscription amount is Rs 1,000/- and in multiples of Re.1/- thereof.
The scheme offers Regular Plan and Direct Plan each plan offers Growth option and Income Distribution cum capital withdrawal option (IDCW).