Bandhan Nifty Bank Index Fund Review – Bandhan Nifty Bank Index Fund Direct NFO Open on 7 August 2024 and Close on 21 August 2024. Bandhan Nifty Bank Index Fund Direct NFO Allotment Date is 27 August 2024, and the NFO Type is Open-Ended. NFO Riskometer is Very High Risk, and the Minimum Investment Amount is ₹100. The Minimum SIP Investment Amount is ₹100.
Type of the Scheme
An open‐ended scheme tracking Nifty Bank Index.
Scheme Benchmark : Nifty Bank Index – Since the scheme is an index fund, the compositions of the benchmark are such that it is most suited for comparing performance of the Scheme. Disclaimer for Nifty Bank Index: The Bandhan Nifty Bank Index Fund (“The Product”) is not sponsored, endorsed, sold or promoted by NSE INDICES LIMITED (formerly known as India Index Services & Products Limited “IISL”)).
Bandhan Nifty Bank Index Fund Scheme Benchmark
| Company | Weightage |
|---|---|
| HDFC Bank Ltd. 27.58 | 27.58 |
| ICICI Bank Ltd. 24.06 | 24.06 |
| State Bank of India 10.54 | 10.54 |
| Kotak Mahindra Bank Ltd. 10.32 | 10.32 |
| Axis Bank Ltd. 9.33 | 9.33 |
| IndusInd Bank Ltd. 5.46 | 5.46 |
| Federal Bank Ltd. 2.76 | 2.76 |
| Bank of Baroda 2.73 | 2.73 |
| Punjab National Bank 2.13 | 2.13 |
| AU Small Finance Bank Ltd. 2.08 | 2.08 |
Bandhan Nifty Bank Index Fund Nfo Important Date
| Scheme Offer | Bandhan Nifty Bank Index Fund |
|---|---|
| Offer Price | Rs. 10/- per Unit |
| Type of Scheme | An open-ended |
| Open Date | 8 Aug 2024 |
| Allotment Date | 27 Aug 2024 |
| Close Date | 22 Aug 2024 |
| Category | Index Fund |
| Min Inv ₹ | 1000 |
| Lock in Period | N/A |
| Risk | Very High |
| Scheme Benchmark | Nifty Bank Index |
NSE INDICES LIMITED does not make any representation or warranty, express or implied, to the owners of the Product(s) or any member of the public regarding the advisability of investing in securities generally or in the Product(s) particularly or the ability of the Nifty Bank Index to track general stock market performance in India. The relationship of NSE INDICES LIMITED to the Issuer is only in respect of the licensing of the Indices and certain trademarks and trade names associated with such Indices which is determined, composed and calculated by NSE INDICES LIMITED without regard to the Issuer or the Product(s).
NSE INDICES LIMITED does not have any obligation to take the needs of the Issuer or the owners of the Product(s) into consideration in determining, composing or calculating the Nifty Bank Index. NSE INDICES LIMITED is not responsible for or has participated in the determination of the timing of, prices at, or quantities of the Product(s) to be issued or in the determination or calculation of the equation by which the Product(s) is to be converted into cash.
NSE INDICES LIMITED has no obligation or liability in connection with the administration, marketing or trading of the Product(s).
Bandhan Nifty Bank Index Fund Nfo Other Details
| Exit Load | 0.25% |
|---|---|
| Exit Load Details | Exit load of 0.25%, if redeemed within 15 days. |
| Entry Load | N/A |
| Stamp Duty | 0.005% |
| Min. Investment | Rs. 1000 |
| Min. SIP | Rs. 100 |
Bandhan Nifty Bank Index Fund Review Asset Allocation
| Instruments | Allocation Min | Allocation Max |
|---|---|---|
| Securities belonging to the Nifty Bank Index (including stock and index derivatives) | 95% | 100% |
| Debt & Money Market instruments & Mutual Fund | 0% | 5% |
Investment Objective of the Scheme ?
The investment objective of the Scheme is to replicate the Nifty Bank Index by investing in securities of the Nifty Bank Index in the same proportion / weightage with an aim to provide returns before expenses that track the total return of Nifty Bank Index, subject to tracking errors. However, there is no assurance or guarantee that the objectives of the scheme will be realized and the scheme does not assure or guarantee any returns.
Bandhan Nifty Bank Index Fund Review Index Return
| Index Return | QTD | YTD | 1 Year | 5 Years | Since Inception |
|---|---|---|---|---|---|
| Price Return | -1.94 | 6.75 | 12.93 | 12.29 | 17.38 |
| Total Return | -1.92 | 7.46 | 13.94 | 12.92 | 18.93 |
Bandhan Nifty Bank Index Fund Review Manager Details
- Fund Manger : Mr. Nemish Sheth
- Qualification : Post Graduate Diploma in Management studies Finance, B.Com.
- Experience : Mr. Nemish Sheth joined the Equity Fund Management team of Bandhan AMC on November 01, 2021 as Dealer – Equity and Fund Manager. He was earlier
- associated with Nippon Life India Asset Management Ltd. as Dealer from December 2018 to August 2021 handling execution of Equity, Arbitrage and ETF trades. Prior to this, he was also associated with ICICI Prudential Asset Management Company Ltd. as Dealer from August 2011 to December 2018 handling execution of Equity, Arbitrage and ETF trades.
How Will The Scheme Allocate Its Assets?
- Equity and Equity related instruments belonging to Nifty Bank Index.
- Equity Derivatives.
- Debt securities and money market instruments including G-Sec/T-Bills/Cash Management Bills and TREPS/Repo/Reverse Repo.
- Certificate of Deposits (CDs).
- Commercial Paper (CPs).
- Other Mutual Funds.
- Any other securities / instruments as may be permitted by SEBI from time to time, subject to regulatory approvals if any.
Also Read: Motilal Oswal Business Cycle Fund Review
Manager Manage the Scheme?
- Mr. Nemish Sheth
Bandhan Nifty Bank Index Fund Registrar
Computer Age Management Services Ltd.
7th Floor, Tower II, Rayala Towers, 158,
Anna Salai, Chennai – 600002
Telephone:1800-3010-6767
Email: enq_h@camsonline.com
Website: www.camsonline.com
1 thought on “Bandhan Nifty Bank Index Fund Review”