Bandhan Innovation Fund NFO: Key details you need to know

15 Apr 2024 , 10:17 AM

Bandhan Mutual Fund is launching NFO under its “Thematic Fund”, named Bandhan Innovation Fund. The open-ended fund aims to generate long-term capital appreciation by investing predominantly in equity and equity-related instruments of companies following the innovation theme.

Investment strategy: The fund manager will predominantly follow a bottom-up approach to seek but not be limited to companies that exhibit strong innovative characteristics.

Asset allocation: The corpus of the Scheme will be invested in equity and equity-related products & in debt and money market instruments. At least 80% of investments in equity and equity-related securities shall be in companies following the innovation theme.

Who should invest?

Investors with a very high-risk appetite should invest in the Bandhan Innovation Fund for 5 or more years.

Risk associated: Very high level of risk.

Benchmark: NIFTY 500 TRI

Fund Managers: Mr. Manish Gunwani (equity portion), Mr. Brijesh Shah (debt portion) and Ms. Ritika Behera (overseas portion).

The NFO is available for subscription from April 10 to April 24. 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 ₹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 Bandhan Innovation Fund.