February 6, 2025
mayank
Bandhan Nifty Next 50 Index Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @sahifund.com
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Bandhan Nifty Next 50 Index Fund Open Date, Close Date?
NFO opens on February 13, 2025
NFO will close on February 25, 2025
Investment Strategy for this NFO?
The scheme seeks to replicate the Nifty Next 50 Index by investing in securities of the Nifty Next 50 Index in the same proportion / weightage with an aim to provide returns before expenses that track the total return of Nifty Next 50 Index, subject to tracking errors.
Basic Details
| Fund House | Bandhan Mutual Fund |
| Issue Open | 13 February 2025 |
| Issue Close | 25 February 2025 |
| Type | Open-ended |
| Category | Equity: Large 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 Next 50 |
About Benchmark Index for this NFO?
The Nifty Next 50 Index represents 50 companies from Nifty 100 after excluding the Nifty 50 companies.
Nifty Next 50 is computed using free float market capitalization method wherein the level of the index reflects total free float market value of all the stocks in the index relative to a particular base market capitalization value. Nifty Next 50 Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variant: Nifty Next 50 Total Returns Index.
Portfolio Characteristics
| Methodology | Periodic Capped Free Float |
| No. of Constituents | 50 |
| Launch Date | December 24, 1996 |
| Base Date | November 04, 1996 |
| Base Value | 1000 |
| Calculation Frequency | Real-Time |
| Index Rebalancing | Semi-Annually |
Fund Managers of Bandhan Nifty Next 50 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.
AMC
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
Review for Bandhan Nifty Next 50 Index Fund @ sahifund.com by Paresh Gordhandas, C.A., Research Analyst
[ A ] Benchmark Performance of NIFTY Next 50
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | -7.15 | -7.15 | 14.16 | 17.41 | 15.80 |
| Total Return | -7.13 | -7.13 | 15.00 | 18.37 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 21.33 | 20.02 | 25.69 |
| Beta (NIFTY 50) | 1.27 | 0.88 | 0.96 |
| Correlation (NIFTY 50) | 0.82 | 0.84 | 0.85 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 23.34 | 3.51 | 1.24 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| Zomato Ltd | 6.74 |
| InterGlobe Aviation Ltd. | 3.74 |
| Jio Financial Services Ltd. | 3.50 |
| Vedanta Ltd. | 3.30 |
| Hindustan Aeronautics Ltd. | 3.30 |
| Varun Beverages Ltd. | 3.17 |
| Divi’s Laboratories Ltd. | 3.13 |
| Tata Power Co. Ltd. | 2.72 |
| Power Finance Corporation Ltd. | 2.71 |
| Info Edge (India) Ltd. | 2.67 |
Note on Benchmark Performance:
The scheme seeks to replicate the Nifty Next 50 Index by investing in securities of the Nifty Next 50 Index in the same proportion / weightage. The index comprises of the fast growth companies and it has provided return of 18.37% p.a. during last 5 years. During last one year, the index has provided return of 15%. Compared to the Nifty, this index is expected to provide better returns in the medium to longer period.
[ B ] Performance Review of the Fund Managers of this NFO
Past Performance of Nemish Sheth
| Fund | Bandhan Equity Savings Fund | It’s Benchmark | Bandhan Nifty 50 ETF | It’s Benchmark |
| 1 Year | 8.58 | 9.44 |
10.08 |
11.58 |
| 3 Year | 7.66 | 9.60 | 11.79 | 13.27 |
| 5 Year | 8.80 | 10.80 | 15.51 | 16.82 |
| 7 Year | 7.92 | 9.57 | 13.24 | 13.78 |
| 10 Year | 7.57 | 8.94 | — | — |
As on 6-02-2025
Note on Fund Managers’ performance
As you know, the Fund managers are like pilots navigating through both turbulent and calm skies. Their ability to manage the fund effectively during both challenging and favorable times is key. Therefore, analyzing the historical performance of fund managers is important to gauge their future potential. We have reviewed two schemes managed by the fund manager, and as noted above, their past performance has been somewhat underwhelming. (as mentioned above). This we consider as negative factor in analyzing this NFO.
[ C ] Our NFO Review
Given the two factors mentioned above, along with the steady decline in the Sensex and Nifty over the past few weeks and the ongoing global uncertainty, we recommend postponing investment in this NFO. Alternatively, consider investing a small amount for the long term, with the understanding that the NAV may be below the allotment price in the initial period.
Is it good to invest in Bandhan Nifty Next 50 Index Fund NFO?
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