Bandhan Mutual Fund Launches Business Cycle Fund
Bandhan Mutual Fund launches its latest fund offering that is the Bandhan Business Cycle Fund, an open-ended equity scheme that would invest based on the business cycle. The New Fund Offer shall remain open for subscription from September 10, 2024, to September 24, 2024, and the scheme shall reopen for regular buying and selling on October 1, 2024.
The scheme’s investment objective would be to obtain long-term capital growth by predominantly investing in equity and equity-related instruments. The fund redistributes its investment across sectors and stocks in each phase of the economy’s business cycle.
The scheme will be benchmarked against the NIFTY 500 TRI index and shall be managed by a team of experts comprising Vishal Biraia, Ritika Behera, Harshal Joshi, and Gaurav Satra.
An exit load of 0.5% shall be levied on investment redemption or switch-out within 30 days of allotment. No exit load shall be levied if redemption/switch is made after 30 days.
It is an open-ended equity scheme for lump sum investments. The minimum investment that one can invest in a lump sum is Rs.1,000 and further investments in the scheme are in multiples of Re.1. The minimum SIP investment is Rs.100, while the further amounts are also in multiples of Re.1 and a minimum of six instalments are required.
The scheme proposes to invest 80-100% in equity and equity-related instruments in the theme of a business cycle, 0-20% in overseas equities, and 0-20% in debt and money market instruments. It can also take exposure in REITs and InvITs to the extent of 10%.
This fund is designed for investors looking to build wealth over the long term through equity investments tied to business cycles. However, it is important to note that the risk level of this fund is marked as “very high” according to its riskometer.
