August 1, 2024
mayank
Bandhan Nifty Bank 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 Bank Index Fund Open Date, Close Date?
NFO opens on August 08, 2024
NFO will close on August 22, 2024
What is the Investment Strategy?
The scheme seeks to replicate the Nifty Bank Index by investing in securities of the Nifty Bank Index in the same proportion/weightage with an aim to provide returns before expenses that track the total return of Nifty Bank Index, subject to tracking errors.
Basic Details
| Fund House | Bandhan Mutual Fund |
| Issue Open | 08 August 2024 |
| Issue Close | 22 August 2024 |
| Type | Open-ended |
| Category | Equity: Sectoral-Banking |
| 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 Bank TRI |
What is the Benchmark Index of Bandhan Nifty Bank Index Fund?
The Nifty Bank Index comprises of the most liquid and large Indian Banking stocks. It provides investors and market intermediaries a benchmark that captures the capital market performance of the Indian banks. The Index comprises of maximum 12 companies listed on National Stock Exchange of India (NSE).
Nifty Bank Index is computed using free float market capitalization method.
Nifty Bank 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 Bank Total Returns Index.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 11.07 | 8.39 | 16.97 | 10.97 | 17.53 |
| Total Return | 11.78 | 9.08 | 18.01 | 11.61 | 19.08 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 16.53 | 26.40 | 28.82 |
| Beta (NIFTY 50) | 1.13 | 1.23 | 1.09 |
| Correlation (NIFTY 50) | 0.87 | 0.90 | 0.84 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 15.97 | 3.01 | 0.91 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| HDFC Bank Ltd. | 28.38 |
| ICICI Bank Ltd. | 23.46 |
| Kotak Mahindra Bank Ltd. | 10.16 |
| State Bank of India | 10.12 |
| Axis Bank Ltd. | 10.00 |
| IndusInd Bank Ltd. | 5.53 |
| Bank of Baroda | 2.92 |
| Federal Bank Ltd. | 2.40 |
| AU Small Finance Bank Ltd. | 2.13 |
| Punjab National Bank | 2.09 |
Performance Review of the Fund Manager of Bandhan Nifty Bank 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 Equity Savings Fund | It’s Benchmark | Bandhan Nifty 50 ETF | It’s Benchmark |
| 1 Year | 10.56 | 16.38 | 27.67 | 32.87 |
| 3 Year | 7.42 | 10.85 | 17.69 | 19.51 |
| 5 Year | 8.30 | 10.49 | 18.61 | 20.25 |
| 7 Year | 6.93 | 9.40 | 14.98 | 15.69 |
| 10 Year | 6.82 | 9.38 | — | — |
As on 1-08-2024
Which Company Owns Bandhan Nifty Bank 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 Bank Index Fund NFO?
Guidance for Bandhan Nifty Bank Index Fund by Paresh Gordhandas, C.A., Research Analyst.
The Bandhan Nifty Bank Index Fund is based on the Nifty Bank Index as its benchmark.
The Fund can be compared to the Motilal Owal Nifty Bank Index Fund (1 year return 12.88%), Navi Nifty Bank Index Fund (1 year return 12.98%), ICICI Prudential Nifty Bank Index Fund ( 1 year return 12.93%) among others.
This tracks closely with the underlying Index, but if you compare it to other Flexicap or Multicap Funds available in the market, the returns are very low. So even in the best case scenario, returns generated by this fund would be average at best.
The Fund is being managed by Mr. Nemish Sheth and a sample study of the returns generated by the other funds managed by him does not reflect a promising picture.
Can avoid.
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