Bandhan Mutual Fund files draft document for healthcare index fund
economictimes.indiatimes.comBandhan Mutual Fund has filed a draft document with Sebi for Bandhan S&P BSE Healthcare Index Fund. It will be an open‐ended scheme tracking S&P BSE Healthcare Index.
The objective is to replicate the S&P BSE Healthcare Index by investing in securities of the S&P BSE Healthcare Index in the same proportion/weightage to provide returns before expenses that track the total return of S&P BSE Healthcare Index, subject to tracking errors.
The performance of the scheme will be benchmarked against S&P BSE Healthcare Index TRI. It will be managed by Nemish Sheth.
Best MF to invest
Looking for the best mutual funds to invest? Here are our recommendations.
View Details» <div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-108233990»>
The minimum application amount will be Rs 1,000 and in multiples of Re 1 thereafter. The amount for additional purchases (including switches) will be Rs 1,000 and in multiples of Re 1 thereafter. The application amount for repurchase/ redemption will be Rs 500 or the account balance of the investor, whichever is less.
The minimum application amount for SIP will be Rs 100 and in multiples of Re 1 thereafter with a minimum of six installments. The minimum application amount for SWP will be Rs 200 and any amount thereafter. For STP, the minimum application amount will be Rs 500 and any amount thereafter.
The scheme will invest 95-100% in securities belonging to the S&P BSE Healthcare Index (including stock and index derivatives) and 0-5% in debt and money market instruments.
An exit load of 0.25% will be applicable if redeemed on or before 15 days from the
