August 27, 2024
mayank
Bandhan Nifty Midcap 150 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 Midcap 150 Index Fund Open Date, Close Date?
NFO opens on September 03, 2024
NFO will close on September 13, 2024
What is the Investment Strategy?
The scheme seeks to replicate the Nifty Midcap 150 Index by investing in securities of the Nifty Midcap 150 Index in the same proportion / weightage with an aim to provide returns before expenses that tracks the total return of Nifty Midcap 150 Index, subject to tracking errors.
Basic Details
| Fund House | Bandhan Mutual Fund |
| Issue Open | 03 September 2024 |
| Issue Close | 13 September 2024 |
| Type | Open-ended |
| Category | Equity: Mid 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 Midcap 150 TRI |
What is the Benchmark Index of Bandhan Nifty Midcap 150 Index Fund?
Nifty Midcap 150 represents the next 150 companies (companies ranked 101-250) based on full market capitalisation from Nifty 500. This index intends to measure the performance of mid market capitalisation companies.
Nifty Midcap 150 Index is computed using free float market capitalization method, wherein the level of the index reflects the total free float market value of all the stocks in the index relative to particular base market capitalization value.
Nifty Midcap 150 can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variant: Nifty Midcap 150 Total Returns Index
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 3.95 | 28.01 | 54.60 | 30.51 | 17.29 |
| Total Return | 4.04 | 28.46 | 55.53 | 31.58 | 18.71 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 16.42 | 19.26 | 21.14 |
| Beta (NIFTY 50) | 1.01 | 0.85 | 0.84 |
| Correlation (NIFTY 50) | 0.78 | 0.85 | 0.84 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 45.37 | 5.59 | 0.67 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| Suzlon Energy Ltd. | 2.17 |
| Max Healthcare Institute Ltd. | 2.01 |
| Indian Hotels Co. Ltd. | 1.65 |
| Cummins India Ltd. | 1.55 |
| Persistent Systems Ltd. | 1.49 |
| Yes Bank Ltd. | 1.42 |
| Federal Bank Ltd. | 1.41 |
| CG Power and Industrial Solutions Ltd. | 1.39 |
| Lupin Ltd. | 1.36 |
| Dixon Technologies (India) Ltd. | 1.35 |
Performance Review of the Fund Manager of Bandhan Nifty Midcap 150 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 | 11.59 | 17.89 |
30.98 |
35.85 |
| 3 Year | 8.18 | 10.20 | 15.79 | 17.91 |
| 5 Year | 9.60 | 10.63 | 18.80 | 20.47 |
| 7 Year | 7.99 | 9.57 | 15.38 | 16.05 |
| 10 Year | 7.78 | 9.33 | — | — |
As on 27-08-2024
Which Company Owns Bandhan Nifty Midcap 150 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 Midcap 150 Index NFO?
Guidance for Bandhan Nifty Midcap 150 Index Fund by Paresh Gordhandas, C.A., Research Analyst.
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