Bandhan Mutual Fund Launches the Bandhan Business Cycle Fund: NFO Opens Sep 10

Bandhan Mutual Fund has announced the launch of its new open-ended equity scheme, the Bandhan Business Cycle Fund, which is set to open for subscription on September 10, 2024, and will close on September 24, 2024. Following this period, the scheme will reopen for continuous sale and repurchase from October 1, 2024.

The Bandhan Business Cycle Fund aims to achieve long-term capital appreciation by investing in equity and equity-related instruments. Its focus is on riding business cycles through dynamic allocation between various sectors and stocks at different stages of the economy’s business cycles. 

The fund considers the NIFTY 500 Total Return Index (TRI) as its benchmark index. The management team overseeing the scheme includes Vishal Biraia, Ritika Behera, Harshal Joshi, and Gaurav Satra, bringing a wealth of experience to the fund’s operations.

For investors considering this fund, the minimum investment amount is ₹1,000 for a lump sum purchase, with subsequent investments allowed in multiples of ₹1. 

Investors should note that the principal invested in the Bandhan Business Cycle Fund is subject to very high risk, as indicated by the scheme’s riskometer. 

This fund can be suitable for investors who are looking to enhance their portfolios with potential alpha, those with a long-term investment horizon, particularly through SIP and investors comfortable with higher risks in pursuit of higher returns potential. Investors should consult their financial advisers to understand if the fund is suitable for them.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.