MUTUAL FUNDS
Bandhan Mutual Fund files offer document for Nifty 500 Momentum 50 Index Fund
Aug-14-2024

Bandhan Mutual Fund has filed offer document with SEBI to launch an open ended scheme named ‘Bandhan Nifty 500 Momentum 50 Index Fund'. The New Fund Offer price is Rs 10. Entry load will be nil and exit load in respect of each purchase / switch-in of Units, an Exit Load will be 0.25% if redeemed on or before 15 days from the allotment date, and Nil -if redeemed after 15 days from the allotment date. The Scheme offers Growth Option only and seeks to collect a Minimum Target Amount of Rs 5 crore.

The performance of the scheme will be benchmarked by Nifty 500 Momentum 50 Index. The minimum application amount is Rs 1000 and in multiples of Re 1 thereafter.

The investment objective of the scheme is to replicate the Nifty 100 index by investing in securities of the Nifty 100 Index in the same proportion / weightage with an aim to provide returns before expenses that closely correspond to the total return of Nifty 100 Index, subject to tracking errors.  


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