Bandhan Mutual Fund files offer document for Nifty AAA Financial Service Bond Plus G- Sec Apr 2028 90:10 Index Fund
Bandhan Mutual Fund has filed offer document with SEBI to launch an open-ended Target Maturity Index Fund named ‘Bandhan Nifty AAA Financial Service Bond Plus G- Sec Apr 2028 90:10 Index Fund'. The New Fund Offer price for units would be Rs 10 during the NFO period. Entry load and Exit load will be nil. The Scheme offers Growth Option only for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.
The performance of the scheme will be benchmarked against Nifty AAA Financial Services Bond Plus G-Sec Apr 2028 90:10 Index. The minimum application amount is Rs 1000 and in multiples of Re 1 thereafter.
The investment objective of the scheme is to provide investment returns closely corresponding to the total returns of the securities as represented by the Nifty AAA Financial Services Bond Plus G-Sec Apr 2028 90:10 Index before expenses.
