Bandhan Nifty 500 Momentum 50 Index Fund NFO:
- Invests in stocks with recent strong performance, aiming to capture continued momentum.
- Like choosing a top-rated restaurant, trusting it will continue to offer a great experience.
- Replicates the Nifty 500 Momentum 50 Index tracking the performance of 50 stocks which are selected based on normalised momentum score from the Nifty 500 index.
- Seeks to capture market trends, potentially offering higher returns compared to broader indices.
(source:barodabnpparibasmf.in)
Bandhan Nifty 500 Momentum 50 Index Fund NFO Details:
Mutual Fund | Bandhan Mutual Fund |
Scheme Name | Bandhan Nifty 500 Momentum 50 Index Fund |
Objective of Scheme | The investment objective of the Scheme is to replicate the Nifty 500 Momentum 50 Index by investing in securities of the Nifty 500 Momentum 50 Index in the same proportion/weightage with an aim to provide returns before expenses that track the total return of Nifty 500 Momentum 50 Index, subject to tracking errors. However, there is no assurance or guarantee that the objectives of the scheme will be realized and the scheme does not assure or guarantee any returns |
Scheme Type | Open Ended |
Scheme Category | Other Scheme – Index Funds |
New Fund Launch Date | 14-Oct-2024 |
New Fund Earliest Closure Date | |
New Fund Offer Closure Date | 24-Oct-2024 |
Indicate Load Seperately | • 0.25% – if redeemed on or before 15 days from the allotment date. • Nil – if redeemed after 15 days from the allotment date |
Minimum Subscription Amount | Rs. 1000/- and in multiples of Re. 1/- thereafter |
(source:amfiindia)