Bandhan Mutual Fund announced the launch of the Bandhan Innovation Fund. The scheme opened for public subscription on April 10, 2024, and will close on April 24, 2024.
Baroda BNP Paribas Mutual Fund announced the launch of the Baroda BNP Paribas Innovation Fund. The scheme opened for public subscription on February 14, 2024, and will close on February 28, 2024.
"As far as valuations are concerned, our Fair Value Spectrum indicates that valuation for Nifty 50 is in the “Fair” zone. Within equity, our reading of the situation is that, large caps are relatively attractive than small and midcaps. Then we must consider two aspects while discussing the topic of asset allocation: current allocation and incremental allocation."
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The scheme will be benchmarked against Nifty 500 Index (TRI). The scheme will be managed by Hardick Bora, and Sanjay Bembalkar. The minimum application amount required is Rs 1,000 and in multiples of Re 1 thereafter.