Bandhan Nifty Midcap 150 Index Fund NFO: Date & NAV

Bandhan Nifty Midcap 150 Index Fund: Complete Overview

Bandhan Mutual Fund launches the Bandhan Nifty Midcap 150 Index Fund under its Bandhan AMC (formerly IDFC Asset Management Company Limited). It is an open-ended scheme that tracks the Nifty Midcap 150 Index. The NFO date is from September 03 to September 13, 2024, with an NFO price of Rs.1000 and in multiples of Rs.1 thereafter. This NFO Scheme will reopen for continuous sale and repurchase on 20 September 2024.Today at the Bandhan NFO, we're dedicated to providing you with useful information on this new NFO, including financial characteristics and any prior performance.

Bandhan Nifty Midcap 150 Index Fund NFO Details

This NFO Mutual Fund is suitable for investors who want to achieve long-term wealth gain and investment in stocks and securities linked to stocks that are part of the Nifty Midcap 150 Index. The scheme is a very high-risk scheme. There is no assurance that the scheme's investment goal will be met. The scheme will invest 95-100% of its units in securities belonging to the Nifty Midcap 150 Index (including stock & index derivatives) and 0-5% in Debt & Money Market Instruments.

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Fund Overview

The Bandhan Nifty Midcap 150 Index Fund NFO minimum subscription amount is Rs.1000 and in multiples of Rs.1 thereof.

How To Invest In The NFO After The Closure Date?

If you have missed participating in the NFO and now want to invest in the same Scheme on a continuous basis, then on 20 September 2024, when the Scheme will reopen; you will have the option to participate and invest directly in the Mutual Fund by spending at NAV based price by logging on to your Demat account and search for “Bandhan Nifty Midcap 150 Index Fund” or directly with the AMC or simply click the ‘Banner’ below.

The Objective of The Fund

The Scheme aims to achieve returns before expenditures that match the overall performance of the Nifty Midcap 150 Index, subject to tracking mistakes, and invest in securities of the Nifty Midcap 150 Index in the same proportion and weight. Nevertheless, there can be no assurance or guarantee that the scheme's investment goals will be met.

Asset Allocation (% of Total Assets) of the Scheme's portfolio will be as follows:=

Peers of Bandhan Nifty Midcap 150 Index Fund 

Since this scheme is a new scheme, hence no comparable data on its past performance against its peers is available.

Risk Factors In Such Funds

• Any index fund has tracking errors, which can result in returns for the scheme that are out of line with the performance of the Nifty Midcap 150 Index or one or more of the securities it covers or includes. These errors can be caused by a number of things, such as delays in buying or selling shares because of market illiquidity.

• Since the scheme is open-ended, it may have enough cash or cash equivalents to cover ongoing redemptions. Conditions present in the securities market, including but not limited to securities' circuit filters, liquidity, and price volatility, may prevent the scheme from buying or selling the desired quantity of securities.

• The scheme's success will be directly impacted by the Nifty Midcap 150 TRI's performance. Therefore, any modification in composition due to weighting or stock selection will affect the scheme.

• The scheme is predicted to have a tracking error for the reasons listed above as well as other possible causes. It is not anticipated that such tracking inaccuracy will surpass 2% annually in typical circumstances. It is important to realize that there is a possibility of a higher or lower actual tracking error.

Past Performance of Midcap Index Funds

Bandhan Nifty Midcap 150 Index Fund NFO-Who Can Invest?

This Fund is ideal for those who want to achieve long-term wealth gain and investment in stocks and securities linked to stocks that are part of the Nifty Midcap 150 Index. 

Bandhan Nifty Midcap 150 Index Fund-Growth Fund Managers:

• Mr. Nemish Sheth.

Conclusion

The Bandhan Nifty Midcap 150 Index Fund is appropriate for investors who are high risk-tolerant and aiming for capital maturity over a long horizon and stocks and securities linked to stocks that are part of the Nifty Midcap 150 Index. Always assess your Financial Goals, Risk tolerance, time horizons, etc. before making an investment decision.