Bandhan MF Filed Draft SID with SEBI for Bandhan Nifty Next 50 Index Fund

Bandhan Mutual Fund (formerly IDFC Mutual Fund) has filed the draft scheme information deed (SID) with the capital market regulator for Bandhan Nifty Next 50 Index Fund. Bandhan AMC Limited (formerly IDFC Asset Management Company Limited) intends to launch Bandhan Nifty Next 50 Index Fund, which is an open‐ended scheme tracking Nifty Next 50 Index.

Objective of Bandhan Nifty Next 50 Index Scheme

The investment objective of the Bandhan Nifty Next 50 Index fund 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. However, there is no assurance or guarantee that the objectives of the scheme will be realized and the scheme does not assure or guarantee any returns.

Investment Strategy

Bandhan Nifty Next 50 Index Fund will be managed passively and fund manager will make investments in stocks in proportion to the weights of these stocks in the Nifty Next 50 Index. The investment strategy of the scheme would revolve around reducing the tracking error by rebalancing the portfolio, considering the change in weights of stocks in the index as well as the incremental collections/redemptions from the Scheme.

Scheme Suitable for Which Investors

Bandhan Nifty Next 50 Index Fund is suitable for investors who are seeking

• To create wealth over a long term
• Investment in equity and equityrelated instruments belonging to Nifty Next 50 Index

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. 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 are subject to market risks, read all scheme-related documents carefully.