April 22, 2025
mayank
Bandhan Nifty IT Index Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 11.3386
NAV IDCW: Rs 11.3423
Suitable For Which Investors?
This is a fund that invests mainly in shares of companies in the information technology sector.
We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in flexi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.
But if you do invest, you must do so only through the SIP route.
Fund’s Investment Strategy:
The Scheme seeks to replicate the Nifty IT Index by investing in securities of the Nifty IT Index in the same proportion / weightage with an aim to provide returns before expenses that tracks the total return of Nifty IT Index, subject to tracking errors.
Fund Manager:
1) Abhishek Jain
Education: Mr. Jain has done BA, CA
Experience: Prior to joining Bandhan MF he was associated with Groww MF, Edelweiss Tokio Life Insurance, Acko General Insurance and Shriram Asset Management Co Ltd.
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Bandhan Nifty IT Index Fund
| Fund House | Bandhan Mutual Fund |
| Launch Date | 31-Aug-23 |
| Return Since Launch | 7.96% |
| Benchmark | NIFTY IT TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 24 Cr |
| (As on 31-Mar-2025) | |
| Expense | 0.37% |
| (As on 31-Mar-2025) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 31.00% |
Trailing Returns (%) of Bandhan Nifty IT Index Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Bandhan Nifty IT Index Dir | -20.89 | 2.28 | -7.03 | -18.20 | -17.18 | 4.17 | — | — | — | — |
| Equity: Sectoral-Technology | -16.84 | 1.97 | -3.12 | -12.33 | -13.61 | 6.81 | — | — | — | — |
| Rank within category | 18.00 | 9.00 | 18.00 | 18.00 | 16.00 | 9.00 | — | — | — | — |
| Number of funds in category | 19 | 20 | 20 | 19 | 17 | 15 | 5 | 5 | 5 | 4 |
Peer Comparison of Bandhan Nifty IT 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 | Turnover (%) | |
| Bandhan Nifty IT Index Dir | Unrated | 4.17 | — | — | 0.37 | 24 | 7.96 | — | 1Y 7M | 31.00 |
| ICICI Pru Nifty IT Index Dir | Unrated | 4.12 | — | — | 0.37 | 492 | 6.40 | — | 2Y 8M | 37.00 |
| Nippon India ETF Nifty IT | Unrated | 4.26 | 3.36 | — | 0.22 | 2,036 | 20.48 | — | 4Y 9M | 64.00 |
| ICICI Pru Nifty IT ETF | Unrated | 4.30 | 3.41 | — | 0.20 | 417 | 16.16 | — | 4Y 8M | 61.00 |
| ICICI Pru Technology Dir | Unrated | 9.70 | 8.27 | 32.85 | 1.14 | 12,731 | 20.96 | 1.00 (15) | 12Y 3M | 45.00 |
Portfolio Analysis of Bandhan Nifty IT Index Fund
| No. of Stocks | 10 |
| Top 10 Stocks | 100.12% |
| Top 5 Stocks | 79.08% |
| Top 3 Sectors | 100.12% |
| Portfolio P/B Ratio | 7.63 |
| Portfolio P/E Ratio | 26.52 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 3,75,980 | 2,82,747 |
| Giant (%) | 69.59 | 59.75 |
| Large (%) | 21.80 | 21.05 |
| Mid (%) | 8.61 | 15.73 |
| Small (%) | — | 11.11 |
| Tiny (%) | — | 0.22 |
Chanakya’s Mutual Fund Guidance For Bandhan Nifty IT Index Fund
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