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Bandhan Mutual Fund (MF) has launched Bandhan Nifty IT Index Fund, an open-ended scheme tracking Nifty IT Index. The NFO opens for subscription on August 18, 2023 and closes on August 28, 2023. The Entry load and Exit load is nil for the scheme. The minimum subscription amount is Rs 1000 and in multiples of Re 1 thereafter.

The performance of the Scheme will be benchmarked with Nifty IT TRI and its fund manager is Nemish Sheth.

The investment objective of the Scheme is to replicate the Nifty IT Index by investing in securities of the Nifty IT Index in the same proportion / weightage with an aim to provide returns before expenses that tracks the total return of Nifty IT Index, subject to tracking errors.