Bandhan Mutual Fund Files Draft for Bandhan Fixed Maturity Plan (FMP) – Series 211

Bandhan Fixed Maturity Plan (FMP) – Series 211 is a close-ended debt scheme with a tenure of 93 days. The primary aim is to generate income by investing in debt and money market instruments that mature on or before the scheme’s maturity date. There is no guarantee that the scheme will achieve its objectives.

Investment Allocation

The scheme will invest between 0% and 100% in debt and money market instruments, with up to 40% allocated to securitised debt. It avoids investments in derivatives, foreign securities, and structured debt instruments, among others. The approach will help the portfolio align with the scheme’s relatively low-risk profile.

New Fund Offer (NFO) Details

Units are available during the NFO period at ₹10 per unit. The minimum application amount is ₹5,000 and multiples of ₹1 thereafter. After the NFO closes, the scheme will not reopen for subscriptions. However, units will be listed on BSE, allowing investors to trade.

The fund manager, Harshal Joshi, has over 14 years of experience in fixed-income investments. He has been with Bandhan AMC since 2008.

Risk and Benchmark

The scheme is classified under “B-I” in the Potential Risk Class Matrix, indicating relatively low interest rate risk and moderate credit risk. It uses the Nifty Ultra Short Duration Debt Index A-I as its benchmark to evaluate performance.

NAV and Liquidity

The scheme’s Net Asset Value (NAV) will be disclosed on the AMC’s website, the AMFI website, and through other channels like toll-free numbers. Being a close-ended scheme, redemption is only possible through trading on the stock exchange.

Important Considerations

This scheme is suitable for those looking for short-term income with limited risk. It is not open-ended, meaning investors need to carefully consider the NFO timeline and listing details on the exchange. As always, investors should consult with financial advisors before committing funds.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments in the securities market are subject to market risks, read all the related documents carefully before investing.