MUTUAL FUNDS
Bandhan Mutual Fund files offer document for Nifty Next 50 Index Fund
Jan-22-2025

Bandhan Mutual Fund has filed offer document with SEBI to launch an open-ended scheme named ‘Bandhan Nifty Next 50 Index Fund’. The New Fund Offer price would be Rs 10. Entry load will be nil and Exit load will be 0.25%- if redeemed on or before 15 days from the allotment date; Nil-if redeemed after 15 days from the allotment date. The Scheme offers Growth Option only for investment and seeks to collect a Minimum Target Amount of Rs 5 crore.

The performance of the scheme will be benchmarked against Nifty Next 50 Index. The minimum application amount is Rs 1,000 per application and in multiples of Re 1 thereafter.

The investment objective of the Scheme is to replicate the Nifty Next 50 Index by investing in securities of the Nifty Next 50 Index in the same proportion / weightage with an aim to provide returns before expenses that track the total return of Nifty Next 50 Index, subject to tracking errors.


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