February 16, 2024
mayank
Bandhan Nifty IT Index Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 12.3985
NAV IDCW: Rs 12.4024
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) 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.
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | — |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | — |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details
| Fund House | Bandhan Mutual Fund |
| Launch Date | 31-Aug-23 |
| Return Since Launch | 23.99% |
| Benchmark | NIFTY IT TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 20 Cr |
| (As on 31-Jan-2024) | |
| Expense | 0.35% |
| (As on 31-Jan-2024) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | — |
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 | 7.27 | 0.59 | 2.41 | 22.38 | — | — | — | — | — | — |
| S&P BSE IT TRI | 7.37 | 0.65 | 2.33 | 20.74 | — | — | — | — | — | — |
| Equity: Sectoral-Technology | 6.96 | 0.69 | 2.21 | 19.16 | — | — | — | — | — | — |
| Rank within category | 2 | 9 | 3 | 2 | — | — | — | — | — | — |
| Number of funds in category | 11 | 11 | 11 | 11 | 8 | 7 | 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 | — | — | — | 0.35 | 20 | 23.99 | — | 5M | — |
| Nippon India ETF Nifty IT | Unrated | 24.93 | 15.38 | — | 0.22 | 1,972 | 31.12 | — | 3Y 7M | 41.00 |
| ICICI Pru Nifty IT ETF | Unrated | 24.95 | 15.37 | — | 0.20 | 434 | 25.30 | — | 3Y 5M | 50.00 |
| ICICI Pru Technology Dir | Unrated | 28.85 | 20.81 | 25.51 | 0.87 | 12,249 | 23.22 | 1.00 (15) | 11Y 1M | 61.00 |
| Tata Digital Ind Dir | Unrated | 33.84 | 22.58 | 25.84 | 0.31 | 9,702 | 21.94 | 0.25 (30) | 8Y 1M | 24.58 |
Portfolio Analysis of Bandhan Nifty IT Index Fund
| No. of Stocks | 10 |
| Top 10 Stocks | 99.74% |
| Top 5 Stocks | 80.26% |
| Top 3 Sectors | 99.74% |
| Portfolio P/B Ratio | 8.49 |
| Portfolio P/E Ratio | 29.93 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 3,92,419 | 3,08,279 |
| Giant (%) | 76.60 | 65.87 |
| Large (%) | 16.46 | 16.49 |
| Mid (%) | 6.94 | 15.10 |
| Small (%) | — | 9.33 |
| Tiny (%) | — | 0.07 |
How to Invest in Bandhan Nifty IT Index Fund?
Chanakya’s Mutual Fund Guidance For Bandhan Nifty IT Index Fund
Do not invest in this, or any other technology sector fund, if you need to redeem your investment in less than seven years.
Apply Online: https://bandhanmutual.com/mutual-funds
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