Bandhan MF introduces Multi Asset Allocation Fund
Bandhan Mutual Fund (MF) has launched Bandhan Multi Asset Allocation Fund, an open-ended scheme investing in Equity & Equity Related Instruments, Debt & Money Market Securities and Gold/Silver related instruments. The NFO opens for subscription on January 10, 2024 and closes on January 24, 2024. The Entry load is nil for the scheme. The Exit load is nil for 10% of investment and exit load of 5% for remaining investment - if redeemed/ switched out within 30 days from the date of allotment. The minimum subscription amount is Rs 1,000 and any amount thereafter.
The performance of the Scheme will be benchmarked with 65% Nifty 500 TRI + 25% NIFTY Short Duration Debt Index + 5% Domestic prices of gold + 5% Domestic prices of silver and its fund managers are Viraj Kulkarni, Daylynn Pinto, Nemish Sheth (Equity Portion), Gautam Kaul (Debt Portion) and for foreign/overseas investment - Ritika Behera (Equity) & Sreejith Balasubramanian (Debt).
The investment objective of the scheme is to generate income and provide long term capital appreciation by investing in instruments across multiple asset classes namely Equity & Equity Related Instruments, Debt & Money Market Securities and Gold/Silver related instruments.
