NFO Alert: Bandhan Mutual Fund Launches Bandhan Business Cycle Fund
Bandhan Mutual Fund introduced the Bandhan Business Cycle Fund on September 10, 2024. The NFO closes on September 24, 2024. Meta Keywords:
Bandhan Mutual Fund launched the Bandhan Business Cycle Fund on September 10, 2024. This open-ended equity scheme focuses on long-term capital appreciation through dynamic asset allocation based on economic cycles. The scheme aims to invest predominantly in equity and equity-related instruments by capitalising on business cycles, with dynamic allocation between various sectors and stocks at different stages of the economic cycle.
New Fund Offer (NFO) Details
The new fund offer (NFO) of the Bandhan Business Cycle Fund is open until September 24, 2024. The minimum subscription amount for this scheme is Rs 1,000. Investors should note that there is a redemption or switching-out exit load of 0.5 per cent of the applicable NAV if redeemed or switched out within 30 days from the date of allotment. After 30 days, there is no exit load.
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Fund Allocation and Risk Consideration
The Bandhan Business Cycle Fund will allocate its assets across equity and equity-related instruments based on the business cycle. The scheme will invest 95-100 per cent in equity and equity-related instruments, 0-20 per cent in overseas securities, and 0-20 per cent in debt securities and money market instruments, including government securities and securitised debt. Additionally, 0-10 per cent may be allocated to units issued by REITs and InvITs.
Benchmark and Peers
The performance of the Bandhan Business Cycle Fund will be benchmarked against the NIFTY 500 TRI.
The peer funds include the Quant Business Cycle Fund, HSBC Business Cycles Fund, ICICI Prudential Business Cycle Fund, Tata Business Cycle Fund, Kotak Business Cycle Fund, Axis Business Cycles Fund, and HDFC Business Cycle Fund.
Fund Management Team
The Bandhan Business Cycle Fund is managed by a team of experienced professionals, including Vishal Biraia, Ritika Behera, Harshal Joshi, and Gaurav Satra. Each team member brings a wealth of experience in fund management and equity research.
Conclusion
The Bandhan Business Cycle Fund is designed for long-term investors seeking to benefit from changing business cycles through dynamic asset allocation. However, investors should carefully consider the risks before investing in this scheme.
Disclaimer: The article is for informational purposes only and not investment advice.