June 18, 2024
mayank
Bandhan Nifty Total Market Index 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 Nifty Total Market Index Fund Open Date, Close Date?
NFO opens on June 24, 2024
NFO will close on July 05, 2024
What is the Investment Strategy?
The Scheme seeks to replicate the Nifty Total Market Index by investing in securities of the Nifty Total Market Index in the same proportion / weightage with an aim to provide returns before expenses that tracks the total return of Nifty Total Market Index, subject to tracking errors.
Basic Details
| Fund House | Bandhan Mutual Fund |
| Issue Open | 24 June 2024 |
| Issue Close | 05 July 2024 |
| Type | Open-ended |
| Category | Equity: Flexi Cap |
| Min. Investment(Rs) | 1,000 |
| Plans | Growth |
| Lock-in Period | NA |
| Exit Load | 0.25% for redemption within 15 days |
| Riskometer | Very High |
| Benchmark | Nifty Total Market TRI |
What is the Benchmark Index of Bandhan Nifty Total Market Index Fund?
The Nifty Total Market Index will track the performance of 750 stocks covering large, mid, small and microcap segments. All stocks that are part of Nifty 500 index and Nifty Microcap 250 index form part of the Nifty Total Market index. The weight of the stocks in the index is based on their free-float market capitalization.
The index can be used for a variety of purposes such as benchmarking, creation of index funds, ETFs and structured products.
Index Variant: Nifty Total Market Total Returns Index.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 4.34 | 8.68 | 34.83 | 16.91 | 13.76 |
| Total Return | 4.57 | 9.09 | 36.14 | 18.18 | 15.29 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 10.73 | 18.35 | 20.63 |
| Beta (NIFTY 50) | 0.98 | 0.95 | 0.95 |
| Correlation (NIFTY 50) | 0.93 | 0.98 | 0.98 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 24.63 | 4.2 | 1.06 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| HDFC Bank Ltd. | 6.55 |
| Reliance Industries Ltd | 5.51 |
| ICICI Bank Ltd. | 4.48 |
| Infosys Ltd | 2.86 |
| Larsen & Toubro Ltd. | 2.47 |
| ITC Ltd. | 2.15 |
| Tata Consultancy Services Ltd. | 2.12 |
| Bharti Airtel Ltd. | 2.03 |
| Axis Bank Ltd. | 1.88 |
| State Bank of India | 1.81 |
Performance Review of the Fund Managers of Bandhan Nifty Total Market Index Fund?
1) Nemish Sheth
Education: Mr. Sheth is a B.Com, PGDM(FINANCE)
Experience: Prior to joining Bandhan Mutual Fund (formerly IDFC Mutual Fund), he has worked with Nippon Life India Asset Management Ltd. and ICICI Prudential Asset Management Company Ltd.
Past Performance of his Schemes
| Fund | Bandhan Arbitrage Fund | It’s Benchmark | Bandhan Equity Savings Fund | It’s Benchmark |
| 1 Year | 7.81 | 4.59 | 10.69 | 15.10 |
| 3 Year | 5.64 | 3.43 | 7.08 | 9.50 |
| 5 Year | 5.06 | 3.29 | 7.53 | 9.61 |
| 7 Year | 5.41 | 3.57 | 6.76 | 9.18 |
| 10 Year | 5.82 | 3.99 | 6.73 | 9.13 |
As on 18-06-2024
Which Company Owns Bandhan Nifty Total Market Index 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 Nifty Total Market Index Fund NFO?
Guidance for Bandhan Nifty Total Market Index Fund by Paresh Gordhandas, C.A., Research Analyst.
The Benchmark Index of this fund – the Nifty Total Market Index will track the performance of 750 stocks covering large, mid, small and microcap segments.
This is an Index Fund and hence stock picking does not come into play. The Fund Manager has to replicate the holdings as reflected in the Benchmark Index.
This fund is being managed by Mr. Nemish Sheth. The Fund Manager has worked with Nippon Life India Asset Management Ltd. and ICICI Prudential Asset Management Company Ltd.
This fund can be compared to the Groww Total Market Index Fund which was launched in October 2023. It has given return of 33.32% since launch.
This kind of passive fund can give good returns because it is well diversified but has to be held for a longer duration to get good results.
Also, because the network of Bandhan Mutual Fund is not that large yet, the AUM generated will be on the smaller side.
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