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Bandhan Mutual Fund has filed offer document with SEBI to launch an open-ended equity scheme named ‘Bandhan Microcap Fund’. The New Fund Offer price is Rs 10 per unit. Entry load will be nil and exit load if redeemed/switched out within 1 year from the date of allotment will be 3%; If redeemed/switched out after 1 year but within 2 years from the date of allotment will be 2%; If redeemed/switched out after 2 years but within 3 years from the date of allotment will be 1%; If redeemed/switched out after 3 years from the date of allotment will be Nil. The Scheme growth and dividend options for investment and minimum target subscription amount for the Scheme to be raised is Rs 10 crore.

The performance of the scheme is benchmarked by Nifty Microcap 250 TRI. The minimum application amount is Rs 1000 and in multiples of Re 1.

The investment objective of the scheme is to provide long-term capital appreciation by investing predominantly in equity and equity related instruments of microcap companies.