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NFO: Bandhan Mutual Fund Launches Bandhan Nifty Next 50 Index Fund

Here’s a look at the key NFO details of the Bandhan Nifty Next 50 Index Fund

Bandhan Mutual Fund has announced the launch of the Bandhan Nifty Next 50 Index Fund, an open-ended index fund tracking the Nifty Next 50 Index.

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NFO Details

This fund's NFO will open on February 13, 2025, and close on February 25, 2025. Investors can make a minimum lump-sum investment of Rs 1,000, with subsequent deposits permitted in multiples of Re 1. The minimum amount for SIP investments is Rs 100 per instalment, and at least six installments are needed. The scheme has a very high-risk rating.

According to Bandhan Mutual Funds, the scheme aims to replicate the Nifty Next 50 Index by investing in its securities in the same proportion to track the index’s total return, before expenses, subject to tracking errors. However, there is no assurance or guarantee of achieving the scheme’s objectives.

The fund will allocate 95-100 per cent of its assets to securities in the Nifty Next 50 Index, including stock and index derivatives, while 0-5 per cent may be invested in debt and money market instruments.

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Vishal Kapoor, CEO, Bandhan AMC, said, “The Nifty Next 50 Index provides investors access to well-established companies that are still in their high-growth phase. Over the past nine years, 24 companies from this index have moved into the Nifty 50, reinforcing it as a launchpad for potential future market leaders. Historically, it has outperformed the Nifty 50 across multiple market cycles. The Bandhan Nifty Next 50 Index Fund provides investors with an opportunity to participate in this segment’s long-term growth potential at an opportune time.”

Who Should Invest?

Bandhan Mutual Fund suggests that this fund is suitable for investors looking to invest in equity and equity-related instruments that belong to the Nifty Next 50 Index. Investors should consult with their financial advisors if they are unsure about its suitability.

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