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Fund Facts
  • Name of Fund:
    Bandhan Nifty Alpha 50 Index
  • Opening:
    25th October 2023
  • Closing:
    6th November 2023
  • Scheme Type:
    Open Ended Equity Index Funds
  • Minimum Investment:
    Rs. 1000/- and in multiples of Re. 1/- thereafter
  • Plan:
    Regular and Direct
  • Options:
    Growth and IDCW
  • Entry Load:
    Nil
  • Exit Road:
    Nil
  • Thereafter:
    Nil

Fund Stats

Objective

The investment objective of the Scheme is to replicate the Nifty Alpha 50 Index by investing in securities of the Nifty Alpha 50 Index in the same proportion / weightage with an aim to provide returns before expenses that tracks the total return of Nifty Alpha 50 Index, subject to tracking errors.

  • Benchmark:

  • S&P CNX Nifty Total Return Index

  • Fund Manager:

  • Nemish Sheth

Asset Allocation

95-100% Securities belonging to the Nifty Alpha 50 Index
upto 5% Money Market
Comparable existing schemes
UTI Nifty 50 Index Fund 8.52(6M) 9.19(1Y)
Aditya Birla Sun Life Nifty 50 Index Fund 8.40(6M) 8.89(1Y)

Fund Prognosis

Idea Distiller

A very fancy idea and the index route makes it alluring.Very very tempting for seasoned investors.

  • Fund House AAUM:

  • Rs. 12474161.44 Lakhs (as on 30th September 2023)

  • Fund Manager:

  • Experience of above 12 years

Scheme DNA 4 fundamentals

  • UNIQNESS
  • RETURN
  • RISK
  • OPERABILITY

OOMP Factor

Very high on oomph. I will de tempted by the idea, the index and the time. All positives!!!