Bandhan Mutual Fund Launches New Debt Index Fund with ₹1,000 Minimum Investment
Bandhan NFO: Bandhan Mutual Fund launched the Bandhan CRISIL-IBX Financial Services 3-6 Months Debt Index Fund on March 6, 2024. This open-ended constant maturity index fund offers investors a new opportunity for short-term fixed income. This New Fund Offer (NFO) is open for subscription from March 6th to March 11th, 2025.
₹1,000 Minimum Investment
The minimum investment in this Bandhan Mutual Fund NFO is ₹1,000, with subsequent investments possible in multiples of ₹1. Additionally, investments can begin with a Systematic Investment Plan (SIP) of ₹100.
This scheme has no lock-in period and no exit load, providing investors with liquidity.
Investment Strategy
According to Bandhan Mutual Fund, this NFO will adopt a passive investment strategy and track the performance of the CRISIL-IBX Financial Services 3-6 Months Debt Index.
- This fund will invest in Certificates of Deposit (CDs), Commercial Papers (CPs), and bonds with maturities ranging from 3 to 6 months.
- The fund house stated that this scheme will utilize a roll-down strategy, enabling investors to benefit from the b demand for short-term securities.
- This strategy is suitable for investors seeking to generate potential income from the short-term yield curve.
Ideal Investor Profile
This new offering from Bandhan Mutual Fund may be a suitable option for investors:
- Seeking fixed income through investments in short-term maturity instruments.
- Wishing to invest in an open-ended fund tracking the Crisil-IBX 3-6 Months Debt Index.
- With low-to-moderate risk tolerance and seeking lower-risk investment options.
Fund Manager and Benchmark
- The benchmark for this NFO will be the CRISIL-IBX Financial Services 3 to 6 Months Debt Index.
- The fund will be managed by Brijesh Shah and Harshil Joshi, experienced professionals in the debt market.
