Bandhan MF introduces Nifty Next 50 Index Fund
Bandhan Mutual Fund has launched Bandhan Nifty Next 50 Index Fund, an open?ended scheme tracking Nifty Next 50 Index. The NFO opens for subscription on February 13, 2025 and closes on February 25, 2025. The Entry Load is not applicable for the scheme. The Exit Load will be 0.25% - if redeemed on or before 15 days from the allotment date and Nil - if redeemed after 15 days from the allotment date. The minimum subscription amount is Rs 1,000 and in multiples of Re 1 thereafter.
The performance of the Scheme will be benchmarked with Nifty Next 50 Index and its fund manager is Nemish Sheth.
The investment objective of the Scheme is to replicate the Nifty Next 50 Index by investing in securities of the Nifty Next 50 Index in the same proportion / weightage with an aim to provide returns before expenses that track the total return of Nifty Next 50 Index, subject to tracking errors.
