Publish Date:
Bandhan Mutual Fund has launched Bandhan Nifty Total Market Index Fund
Bandhan Nifty Total Market Index Fund is an open-ended scheme tracking Nifty Total Market Index
The investment objective of the scheme is to replicate the Nifty Total Market Index by investing in securities of the Nifty Total Market Index in the same proportion / weightage with an aim to provide returns before expenses that tracks the total return of Nifty Total Market Index, subject to tracking errors.
However, there is no assurance or guarantee that the objectives of the scheme will be realized and the scheme does not assure or guarantee any returns.
Under normal circumstances, Bandhan Nifty Total Market Index Fund will hold an allocation of 95% to 100% in Securities belonging to the Nifty Total Market Index (including stock & index derivatives) and 0% to 5% in Debt & Money Market instruments.
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Bandhan Nifty Total Market Index Fund will be invested primarily in stocks constituting the respective benchmark of the Scheme i.e. Nifty Total Market Index. A portion of the Scheme will be kept liquid to meet the redemption requirements in line with SEBI Regulations.
The performance of the Scheme may not be commensurate with the performance of the respective benchmark of the Schemes on any given day or over any given period. Such variations are commonly referred to as the tracking error. The Scheme intends to maintain a low tracking error by actively managing the portfolio in line with the index.
Bandhan Nifty Total Market Index Fund is benchmarked against Nifty Total Market TRI
Bandhan Nifty Total Market Index Fund will be managed by Mr Nemish Sheth.
Bandhan Nifty Total Market Index Fund is open for subscription from June 24, 2024 to June 19, 2024. The fund will reopen for continuous sale and repurchase on July 05, 2024.
The fund offers Direct Plan and Regular Plan. Under each plan the fund offers Growth option and Income Distribution cum Capital Withdrawal.
The minimum subscription amount is Rs 1,000/- and in multiples of Re. 1 thereafter.