Bandhan Mutual Fund files offer document for Business Cycle Fund
Bandhan Mutual Fund has filed offer document with SEBI to launch an open-ended equity scheme named ‘Bandhan Business Cycle Fund’. Offer price for units will be Rs 10 each for cash during NFO. Exit load if redeemed/switched out on/within 30 days from the date of allotment will be 0.5% of applicable NAV; and if redeemed/switched out after 30 days from the date of allotment will be Nil. The Scheme offers Growth Option and Income Distribution Cum Capital Withdrawal Option for investment. The minimum target subscription amount for the Scheme to be raised is Rs 10 crore.
The performance of the scheme will be benchmarked by NIFTY 500 TRI. The minimum application amount is Rs 1000 and in multiples of Re. 1 thereafter.
The investment objective of the scheme is to generate long-term capital appreciation by investing predominantly in equity and equity-related instruments with a focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy.
