Bandhan Nifty Midcap 150 Index Fund Review – Bandhan Nifty Midcap 150 Index Fund Direct NFO Open on 3 September 2024 and Close on 13 September 2024. Bandhan Nifty Midcap 150 Index Fund Direct NFO Allotment Date is 19 September 2024, and the NFO Type is Open-Ended. NFO Riskometer is Very High Risk, and the Minimum Investment Amount is ₹1,000. The Minimum SIP Investment Amount is 100.
Type of the Scheme
An open-ended scheme tracking Nifty Midcap 150 Index.
Scheme Benchmark : Nifty Midcap 150 TRI – 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.
Bandhan Nifty Midcap 150 Index Fund Scheme Benchmark
Company | Weightage |
Suzlon Energy Ltd. | 2.37 |
Max Healthcare Institute Ltd. | 1.88 |
Indian Hotels Co. Ltd. | 1.66 |
Persistent Systems Ltd. | 1.60 |
Lupin Ltd. | 1.59 |
PB Fintech Ltd. | 1.57 |
Cummins India Ltd. | 1.50 |
Dixon Technologies (India) Ltd. | 1.46 |
Federal Bank Ltd. | 1.36 |
CG Power and Industrial Solutions Ltd. | 1.32 |
Bandhan Nifty Midcap 150 Index Fund Nfo Important Date
Scheme Offer | Bandhan Nifty Midcap 150 Index Fund |
Offer Price | Rs. 10/- per Unit |
Type of Scheme | An open-ended |
Open Date | 03 Sep 2024 |
Close Date | 13 Sep 2024 |
Allotment Date | 19 Sep 2024 |
Category | Index Funds |
Min Inv ₹ | 1,000 |
Lock in Period | N/A |
Risk | Very High |
Scheme Benchmark | Nifty Midcap 150 TRI |
Investment Objective of the Scheme ?
The investment objective of the Scheme is to replicate the Nifty Midcap 150 Index by investing in securities of the Nifty Midcap 150 Index in the same proportion / weightage with an aim to provide returns before expenses that tracks the total return of Nifty Midcap 150 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 Midcap 150 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. 1,000 |
Min. SIP | Rs.100 |
Bandhan Nifty Midcap 150 Index Fund Review Asset Allocation
Instruments | Allocation Min | Allocation Max |
Securities belonging to the Nifty Midcap 150 Index | 95% | 100% |
Debt & Money Market instruments | 0% | 5% |
Manager Manage the Scheme?
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.
Bandhan Nifty Midcap 150 Index Fund Sector Representation
Sector | Weightage |
Financial Services | 18.26 |
Capital Goods | 15.51 |
Healthcare | 11.19 |
Automobile and Auto Components | 7.57 |
Information Technology | 6.73 |
Chemicals | 6.22 |
Realty | 4.39 |
Consumer Durables | 4.09 |
Oil, Gas & Consumable Fuels | 4.04 |
Consumer Services | 3.95 |
Power | 3.12 |
Telecommunication | 2.77 |
Metals & Mining | 2.70 |
Services | 2.55 |
Fast Moving Consumer Goods | 2.08 |
Construction Materials | 1.76 |
Construction | 1.01 |
Textiles | 0.99 |
Media, Entertainment & Publication | 0.58 |
Diversified | 0.49 |
Bandhan Nifty Midcap 150 Index Fund Review Index Return
Index Return | QTD | YTD | 1 Year | 5 Years | Since Inception |
Price Return | 5.25 | 28.39 | 49.22 | 30.86 | 17.23 |
Total Return | 5.43 | 28.94 | 50.08 | 31.92 | 18.64 |
Where Will the Scheme Invest ?
- Equity and Equity related instruments belonging to Nifty Midcap 150 Index.
- Equity Derivatives.
- Debt securities and money market instruments including G-Sec/T-Bills/Cash Management Bills and TREPS.
- 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: HSBC India Export Opportunities Fund Review
Bandhan Nifty Midcap 150 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
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