Bandhan Mutual Fund launches Bandhan Nifty Alpha 50 Index Fund
Oct 25, 2023 by News Team
NFO period: 25th October – 06th November, 2023
Highlights of the NFO:
Scheme type – An open ended scheme tracking Nifty Alpha 50 Index
Investment objective – The investment objective of the scheme is to replicate the Nifty Alpha 50 Index by investing in securities of the Nifty Alpha 50 Index in the same proportion / weightage with an aim to provide returns before expenses that tracks the total return of Nifty Alpha 50 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.
Product suitability – The product is suitable for investors who are seeking to create wealth over a long term by investing in equity and equity related instruments belonging to Nifty Alpha 50 Index.
Minimum Application Amount – First investment Rs. 1,000/- and multiples of Rs. 1/- thereafter
Plan/ Options available – Regular Plan and Direct Plan having Income Distribution cum Capital Withdrawal Option & Growth Option. Income Distribution cum Capital Withdrawal Capital Withdrawal Option under both the Plans further offers Payout of Income Distribution cum Capital Withdrawal option, Reinvestment of Income Distribution cum Capital Withdrawal option & Transfer of Income Distribution cum Capital Withdrawal plan.