March 16, 2024
mayank
Bandhan Innovation Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Bandhan Innovation Fund Open Date, Close Date?
NFO opens on April 10, 2024
NFO will close on April 24, 2024
What is the Investment Strategy?
The Scheme seeks to generate long-term capital appreciation by investing predominantly in equity and equity-related instruments of companies following innovation theme.
Basic Details
| Fund House | Bandhan Mutual Fund |
| Issue Open | 10 April 2024 |
| Issue Close | 24 April 2024 |
| Type | Open-ended |
| Category | Equity: Thematic |
| Min. Investment(Rs) | 1,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 0.5% for redemption Within 30 days |
| Riskometer | Very High |
| Benchmark | NIFTY 500 TRI |
What is the Benchmark Index of Bandhan Innovation Fund?
The Nifty 500 index represents top 500 companies selected based on full market capitalization from the eligible universe.
Nifty 500 Index is computed using free float market capitalization method, wherein the level of the index reflects the total free float
market value of all the stocks in the index relative to particular base period. Nifty 500 can be used for a variety of purposes such as
benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variants: Nifty 500 Total Returns Index, Nifty500 Industry Indices.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 3.40 | 3.40 | 38.37 | 17.54 | 10.83 |
| Total Return | 3.56 | 3.56 | 39.71 | 18.81 | 12.55 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 9.97 | 18.41 | 22.44 |
| Beta (NIFTY 50) | 0.95 | 0.95 | 0.93 |
| Correlation (NIFTY 50) | 0.96 | 0.99 | 0.95 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 24.37 | 4.04 | 1.11 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| HDFC Bank Ltd. | 6.64 |
| Reliance Industries Ltd | 6.22 |
| ICICI Bank Ltd. | 4.64 |
| Infosys Ltd | 3.76 |
| Tata Consultancy Services Ltd. | 2.61 |
| Larsen & Toubro Ltd. | 2.59 |
| ITC Ltd. | 2.26 |
| Axis Bank Ltd | 1.88 |
| State Bank of India | 1.81 |
| Bharti Airtel Ltd. | 1.79 |
Performance Review of the Fund Managers of Bandhan Innovation Fund?
1) Manish Gunwani
Education: Mr. Gunwani is a B.Tech. and PGDM.
Experience: Prior to joining Bandhan Mutual Fund (formerly IDFC Mutual Fund), he has worked with Nippon India Mutual Fund, ICICI Prudential Mutual Fund as Fund Manager and as Analyst in various organisations: Vicisoft Technologies, Lehman Brothers, Brics Securities , Lucky Securities, SSKI Securities and Prime Securities.
Past Performance of his Schemes
| Fund | Bandhan Small Cap Fund | It’s Benchmark | Bandhan Hybrid Equity Fund | It’s Benchmark |
| 1 Year | 62.41 | 53.66 | 27.04 | 28.44 |
| 3 Year | 26.17 | 24.77 | 13.70 | 13.87 |
| 5 Year | — | — | 13.07 | 14.31 |
| 7 Year | — | — | 10.59 | 13.66 |
| 10 Year | — | — | — | — |
As on 16-03-2024
2) Brijesh Shah
Education: Mr. Shah is a Post Graduate Diploma in Finance.
Experience: Prior to joining Bandhan Mutual Fund (formerly IDFC Mutual Fund) he has worked with IDBI Mutual Fund, IndiaBulls Mutual Fund, Mata Securities & Twenty First Century.
Past Performance of his Schemes
| Fund | Bandhan Money Manager Fund | It’s Benchmark | Bandhan Liquid Fund | It’s Benchmark |
| 1 Year | 6.90 | 4.77 | 7.18 | 4.77 |
| 3 Year | 4.86 | 3.23 | 5.30 | 3.23 |
| 5 Year | 5.05 | 3.28 | 5.09 | 3.28 |
| 7 Year | 5.39 | 3.53 | 5.63 | 3.53 |
| 10 Year | 6.23 | 4.02 | 6.39 | 4.02 |
As on 16-03-2024
Which Company Owns Bandhan Innovation Fund?
Bandhan Asset Management Company Limited
Address: One World Centre, 6th Floor, Tower 1C, Senapati Bapat Marg, Prabhadevi Mumbai – 400013
Website: https://bandhanmutual.com
Registrar & Transfer Agent:
Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002
Website: www.camsonline.com
Is it good to invest in Bandhan Innovation Fund NFO?
Guidance for Bandhan Innovation Fund by Paresh Gordhandas, C.A., Research Analyst.
Like all ‘Innovation’ Funds, the name is kind of misleading as the Fund invests in mostly standard largecap bluechip companies like HDFC Bank, Reliance, Infosys, L&T etc. In the past few months, there have been a slew of launches with the word ‘Innovation’ in its name like the Nippon India Innovation Fund, Union Innovation & Opportunity Fund, UTI Innovation Fund and the Baroda BNP Paribus Innovation Fund. But all these funds are investing in the same set of companies.
Don’t get me wrong, the returns generated by these Funds are expected to be good since they are investing in sound bluechip largecap companies. But there is nothing that says ‘Innovation’ in what a normal person would understand it to mean.
Looking at the sample study of the past performance of the Fund Managers, one can say they have largely generated good returns for the investors.
Can invest a small amount.
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