Bandhan Nifty IT Index Fund NFO: everything you need to know

18 Aug 2023 , 12:37 PM

Bandhan Mutual Fund is launching NFO under its “index category”, named as Bandhan Nifty IT Index Fund. This open-ended fund aims to generate long-term capital appreciation by investing in 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.

Investment strategy: The investment strategy would revolve around reducing the tracking error to the least possible through rebalancing of the portfolio, considering the change in weights of stocks in the index as well as the incremental collections/redemptions from the Scheme.

Asset allocation: The scheme will predominantly invest in equity and equity related securities of companies belonging to Nifty IT Index.

Who should invest?

Investors with very high risk appetite and want to invest for 5 to 7 years in IT sector mutual fund should invest in Bhandhan Nifty IT Index Fund. 

Risk associated: Very high level of risk.

Benchmark: Nifty IT TRI.

Fund Managers: Mr. Nemish Sheth.

The NFO is available for subscription from August 18 to August 28. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment. The fund offers systematic investment solutions like SIP and SWP to create a flexible investment plan. The minimum subscription amount is Rs 1000/- and in multiples of any amount thereafter. 

It offers Regular Plan and Direct Plan. Each plan offers Growth and Income options. Click here to invest in Bhandhan Nifty IT Index Fund.