Bandhan Mutual Fund has launched the Bandhan Nifty Alpha 50 Index Fund, an open-ended index scheme that tracks the Nifty Alpha 50 Index, giving investors the opportunity to invest in a well-diversified portfolio of stocks that generated high alpha (relatively higher returns than the market) in the previous year.
NFO alert: Bandhan Nifty Alpha 50 Index Fund
The New Fund Offer will be available on Wednesday, October 25, 2023, and will close on Monday, November 6, 2023.
Vishal Kapoor, CEO of Bandhan AMC, highlighted the important reasons to pursue the Nifty Alpha 50 Index approach, saying, “Traditional passive funds are designed to mimic their benchmark and thus offer broad market-based returns.” Bandhan Nifty Alpha 50 Index Fund seeks to outperform the market by picking stocks with certain characteristics that yield potentially greater risk-adjusted returns than the market. According to NSE data as of September 30, 2023, the Nifty Alpha 50 Index outperformed the Nifty 50 Index and the Nifty 500 Index, earning a 5% alpha over both broad-based indices despite increased volatility. Savvy investors looking to add an aggressive strategy to their portfolio could include the Bandhan Nifty Alpha 50 Index Fund to boost the portfolio’s growth potential.”
How to invest in Bandhan Nifty Alpha 50 Index Fund?
Bandhan Nifty Alpha 50 Index Fund investments can be made through regulated mutual fund distributors, internet platforms, and directly.
Bandhan AMC (formerly IDFC Asset Management Company Limited) was founded in 2000 with the goal of assisting savers in becoming investors and creating wealth. Bandhan AMC serves its customers with a wide range of responsibly crafted investment products such as Mutual Funds and Portfolio Management Services (PMS), which are managed by a seasoned investment team and seek to provide performance that is consistent with the product’s well-defined objectives.
Akash Jha
