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Bandhan Mutual Fund has launched Bandhan Nifty Bank Index Fund, an open?ended scheme tracking Nifty Bank Index. The NFO opens for subscription on August 08, 2024 and closes on August 22, 2024. The Entry load is nil 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 1000/- and in multiples of Re. 1/- thereafter.

The performance of the Scheme will be benchmarked against Nifty Bank Index and its fund manager is Nemish Sheth.

The investment objective of the Scheme is to replicate the Nifty Bank Index by investing in securities of the Nifty Bank Index in the same proportion / weightage with an aim to provide returns before expenses that track the total return of Nifty Bank Index, subject to tracking errors.