Bandhan Mutual Fund Files For Bandhan Fixed Maturity Plan – Series 214 (370 Days)

Bandhan Mutual Fund has filed a draft for Bandhan Fixed Maturity Plan (FMP) – Series 214 (370 Days), a close-ended debt scheme with a tenure of 370 days from the date of allotment. It aims to generate income by investing in debt and money market instruments that mature on or before the scheme’s maturity date. 

As a close-ended scheme, it is available for investment only during the New Fund Offer (NFO) period and does not reopen for subscriptions.

Investment Allocation

The scheme invests 70% to 100% in debt securities and 0% to 30% in money market instruments. It does not invest in foreign securities, derivatives, or instruments with special features such as structured obligations or credit enhancements. 

The benchmark for the scheme is the Nifty Short Duration Debt Index A-II.

Liquidity & Listing

Since redemptions are not allowed before maturity, investors looking to exit before 370 days must sell their units on the BSE, where the scheme is proposed to be listed.

Plans & Options

The scheme offers two plans:

• Regular Plan
• Direct Plan

Both plans have the following options:

• Growth Option (default if no selection is made)
• Income Distribution cum Capital Withdrawal (IDCW) Option

A minimum investment required during the NFO period is ₹5,000, with additional investments allowed in multiples of ₹1.

NAV Disclosure & Expenses

The first Net Asset Value (NAV) will be calculated within five business days from allotment. NAV updates will be available on AMFI and Bandhan Mutual Fund websites. The total expense ratio (TER) is capped as per SEBI regulations, and no exit load applies since premature redemptions are not permitted.

Fund Manager

The scheme is managed by Gautam Kaul, who has over 20 years of experience in fixed-income fund management.

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