Publish Date:
Bandhan Mutual Fund introduces – Bandhan Financial Services Fund
It is open-ended equity scheme investing in Financial Services Sector.
Accordingly, the investment objective of the scheme is to generate long-term capital appreciation by investing predominantly in equity and equity related instruments of companies engaged in financial services.
Under normal circumstances, Bandhan Financial Services Fund will hold an allocation of 80% to 100% of its assets in Equity and equity related instruments of companies engaged in financial services sector, 0% to 20% in Equities & 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.
As per the Scheme Information Document, Bandhan Financial Services Fund will invest at least 80% of corpus in securities of companies engaged in the Financial Services sector from the Sector list as provided by AMFI in Industry classification data. The Scheme will be market cap agnostic and follow a bottom-up stock selection approach. Bottom-up investment approach would focus on analysing individual stocks pertaining to companies which are part of the financial services sector.
Bandhan Financial Services Fund’s performance will be benchmarked against Nifty Financial Services TRI Index
The scheme will be managed by Mr Sumit Agarwal and Mr Manish Gunwani for equity, Mr Harshal Joshi for debt and Ms Nishita Shah for overseas investments.
The NFO opens for subscription on July 10, 2023 and closes on July 24, 2023. The schemes will reopen for continuous sale and repurchase within 5 business days from the date of allotment.
The fund's face value is Rs 10/- per unit. 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 and Income Distribution cum capital withdrawal option (IDCW) option.