MUTUAL FUNDS
Bandhan Mutual Fund files offer document for Quant Fund
Dec-05-2024

Bandhan Mutual Fund has filed offer document with SEBI to launch an open-ended equity scheme named 'Bandhan Quant Fund'. The offer price will be Rs 10. Entry load will be nil and Exit load if redeemed/switched out on or within 30 days from the date of allotment will be 0.50% of the applicable NAV; If redeemed/switched out after 30 days from date of allotment will be Nil. The Scheme offers Growth Option and Income Distribution Cum Capital Withdrawal Option for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance of the scheme is benchmarked by BSE 200 TRI. The minimum application amount is Rs 1000 and in multiples of Re1 thereafter.

The investment objective of the scheme is to generate medium to long term capital appreciation by investing predominantly in equity and equity related instruments selected based on an AI / ML i.e. an adaptive and evolving quantitative model.


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