The investment objective of the scheme will be to replicate the Nifty 500 Value 50 Index by investing in securities of the Nifty 500 Value 50 Index in the same proportion/weightage with an aim to provide returns before expenses that track the total return of Nifty 500 Value 50 Index, subject to tracking errors.
Bandhan Mutual Fund has filed a draft document with Sebi for the Nifty Midcap 150 Index Fund. Bandhan Nifty Midcap 150 Index Fund will be an open-ended scheme tracking Nifty Midcap 150 Index.
The minimum application amount for both the schemes will be Rs 1,000 and in multiples of Re 1 thereafter. The schemes will be managed by Nemish Sheth. The schemes will offer regular and direct plans with both growth and IDCW options.
Bandhan Mutual Fund announced the launch of the Bandhan Multi Asset Allocation Fund. The scheme opened for public subscription on January 10, 2024, and will close on January 24, 2024.
Six mutual fund NFOs or new fund offers will open for subscription this week. Should you invest in these NFOs to maximise the return of your portfolio?