February 14, 2024
mayank
Bandhan CRISIL IBX 90:10 SDL Plus Gilt-September 2027 Index Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 10.9108
NAV IDCW: Rs 10.3125
Suitable For Which Investors?
This is a fund that comes with a fixed maturity and invests in bonds whose maturity is in line with that of the fund. Upon the completion of the stated tenure, the fund is wound up and investors’ money is returned to them along with accumulated gains. They provide predictability (though not a guarantee) of returns because by staying invested till the end of its term, you can expect to get returns close to its ‘indicative yield’ at the time of making the investment.
They can be a viable option for fixed-income investors whose investment horizon matches the tenure of the fund. Such funds are more attractive when the interest rates are high, so as to ‘lock-in’ a high rate of return and benefit from it by staying invested for the entire fund tenure.
If you do decide to invest in them, remember that they are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.
Fund’s Investment Strategy:
The scheme seeks to provide investment returns corresponding to the total returns of the securities as represented by the CRISIL IBX 90:10 SDL Plus Gilt Index – September 2027 before expenses, subject to tracking errors.
Fund Manager:
1) Gautam Kaul
Education: Mr. Kaul is a B.Com (H) and MBA (Finance).
Experience: Prior to joining Bandhan Mutual Fund(formerly IDFC Mutual Fund), he has worked with Edelweiss AMC, Invesco Mutual Fund, Sahara India Asset Management Company Pvt. Ltd, IDBI AMC. and Mata Securities (India) Pvt. Ltd.
2) Harshal Joshi
Education: Mr. Joshi is PGDBM from N.L. Dalmia Institute of Management Studies and Research, Mumbai
Experience: Prior to joining Bandhan Mutual Fund (formerly IDFC Mutual Fund) in 2008 he has worked with ICAP India Pvt. Ltd.
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details
| Fund House | Bandhan Mutual Fund |
| Launch Date | 24-Nov-22 |
| Return Since Launch | 7.39% |
| Benchmark | CRISIL IBX 90:10 SDL Plus Gilt – Sep 2027 |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 166 Cr |
| (As on 31-Jan-2024) | |
| Expense | 0.16% |
| (As on 31-Jan-2024) | |
| Risk Grade | — |
| Return Grade | — |
Trailing Returns (%) of Bandhan CRISIL IBX 90:10 SDL Plus Gilt-September 2027 Index Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Bandhan CRISIL IBX 90:10 SDL+Gilt-September 2027 Index Dir | 1.04 | -0.08 | 0.87 | 2.38 | 3.74 | 7.89 | — | — | — | — |
| CCIL T Bill Liquidity Weight | 0.54 | 0.04 | 0.35 | 1.15 | 2.25 | 4.62 | — | — | — | — |
| Debt: Target Maturity | 1.09 | -0.02 | 0.85 | 2.45 | 3.79 | 7.85 | — | — | — | — |
| Rank within category | 25 | 79 | 25 | 35 | 44 | 19 | — | — | — | — |
| Number of funds in category | 85 | 85 | 85 | 84 | 83 | 63 | 0 | 0 | 0 | 0 |
Peer Comparison of Bandhan CRISIL IBX 90:10 SDL Plus Gilt-September 2027 Index Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| Bandhan CRISIL IBX 90:10 SDL+Gilt-September 2027 Index Dir | Unrated | 7.89 | — | — | 0.16 | 166 | 7.39 | — | 1Y 2M |
| ABSL SDL + PSU Bond Sep 2026 60:40 Dir | Unrated | 7.32 | — | — | 0.20 | 10,351 | 4.60 | — | 2Y 4M |
| SBI CPSE Bond + SDL Sep 2026 50:50 Dir | Unrated | 7.27 | — | — | 0.22 | 10,182 | 4.99 | 0.15 (30) | 2Y |
| Edelweiss NIFTY PSU Bond Plus SDL Apr 2026 50:50 Index Dir | Unrated | 7.27 | — | — | 0.19 | 10,009 | 5.71 | 0.10 (30) | 2Y 10M |
| ICICI Pru Nifty PSU Bond + SDL Sep 2027 40:60 Index Dir | Unrated | 7.49 | — | — | 0.20 | 8,772 | 4.55 | — | 2Y 4M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 11 | 22 |
| Macaulay Duration (yrs) | 3.08 | 3.62 |
| Average Maturity (yrs) | 3.48 | 4.45 |
| Yield to Maturity (%) | 7.46 | 7.45 |
| Avg Credit Rating | GOI/Cash | — |
How to Invest in Bandhan CRISIL IBX 90:10 SDL Plus Gilt-September 2027 Index Fund?
Chanakya’s Mutual Fund Guidance For Bandhan CRISIL IBX 90:10 SDL Plus Gilt-September 2027 Index Fund
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