Bandhan MF Launches NFO : Bandhan Mutual Fund has launched its New Fund Offer (NFO) Bandhan Nifty Bank Index Fund today on 8 August 2024, which is an open-ended scheme. The objective of this fund is to track the Nifty Bank Index. This New Fund Offer will be open for subscription from August 8, 2024 to August 22, 2024. Bandhan Nifty Bank Index Fund is designed to track the performance of the Nifty Bank Index, which includes 12 leading banking stocks of India. It is necessary to invest at least Rs 1000 in it. There is no lock in period in this. If you redeem it before 15 days, then 0.25% exit load will have to be paid. The benchmark for this is NIFTY Bank TRI.
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Why you should invest
This fund allows investors to gain exposure to India’s leading banks and the most liquid banking stocks. Banking is a structural story, GDP growth is often linked to higher credit growth and increased profitability for banks. As the Indian economy grows, banking stocks will benefit from this growth. As India’s economy grows, so does the demand for banking and financial services, creating a favorable environment for banks.
Banks have improved their financials. NPAs are under control. Bandhan Nifty Bank Index Fund offers investors a straightforward and cost-effective way to invest in this sector. Those who want to benefit from the growth of the banking sector can consider this fund.
Midcap Funds Return: 300 to 400% absolute return in 5 years, i.e. money doubles and triples, 5 midcap funds that give the highest income
Average Rolling Return
1 Year Return
Nifty 50 TRI : 16.5%
Nifty Bank TRI : 19.6%
3 Year Return
Nifty 50 TRI : 12.5%
Nifty Bank TRI : 14.9%
5 Year Return
Nifty 50 TRI : 12.1%
Nifty Bank TRI : 14.8%
Nifty Bank Index Fund : Portfolio of Banking Stocks
Weightage in Stock / Category / Index
- HDFC BANK, Large Cap, 28.4%
2. ICICI BANK, Large Cap, 23.5%
3. KOTAK BANK, Large Cap, 10.2%
4.SBI, Large Cap, 10.1%
5. AXIS BANK, Large Cap, 10.0%
6. INDUSIND BANK, Large Cap, 5.5%
7. BANK OF BARODA, Large Cap 2.9%
8. FEDERAL BANK, Mid Cap 2.4%
9. AU SFB, Mid Cap 2.1%
10. Punjab National Bank, Large Cap, 2.1%
11. IDFC FIRST BANK, Mid Cap, 1.9%
12. BANDHAN BANK, Mid Cap, 1.0%
EPFO: Is Rs 35000 basic salary sufficient for a retirement fund of Rs 2.5 crore? Check immediately with EPF calculator
What is New Fund Offer?
NFO or New Fund Offer is the launch of a new mutual fund by an asset management company or fund house. When an NFO is launched, investors can invest in the new scheme by subscribing to its units. This helps in raising funds and funds from the market to invest in shares, bonds and other securities. NFOs have a fixed time period within which investors can invest their money. After the NFO period ends, regular trading resumes.
According to the current rules, the duration of NFO in India is from 3 to 15 days. If the fund is open-ended, then investment starts in it a few days after that. If it is close-ended, then the investor can subscribe to it during the NFO period, but he has to keep it on hold during this period. However, it is worth noting that this fund is new, so it does not have any track record. The returns can be estimated only by looking at its benchmark.
