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Bandhan Mutual Fund launches Bandhan Nifty IT Index Fund

Aug 18, 2023 by News Team

NFO period: 18th August – 28th August, 2023

Highlights of the NFO:

  • Scheme type – An open-ended scheme tracking Nifty IT Index

  • Investment objective – The investment objective of the scheme is to replicate the Nifty IT Index by investing in securities of the Nifty IT Index in the same proportion / weightage with an aim to provide returns before expenses that tracks the total return of Nifty IT 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 IT Index.

  • Minimum Application Amount – First investment Rs. 1,000/- and multiples of Rs. 1/- thereafter

  • Plan/ Options available – Regular Plan and Direct Plan having Growth & Income Distribution cum Capital Withdrawal Option. IDCW Option under both the Plan(s) offer Payout of IDCW option, Reinvestment of IDCW option & Transfer of IDCW option (from Equity Schemes to Debt Schemes Only).

  • Fund Managers – Mr. Nemish Sheth

  • Benchmark – Nifty IT TRI

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)