Bandhan Mutual Fund files draft for multi asset allocation fund
Bandhan Mutual Fund has filed a draft for a multi asset allocation fund. Bandhan Multi Asset Allocation Fund will be an open-ended scheme investing in equity and equity-related instruments, debt and money market securities, and gold/silver index/ETFs.
The scheme will be benchmarked against 35% S&P BSE 500 TRI + 55% NIFTY Short Duration Debt Index + 10% Domestic prices of gold.
The scheme will be managed by Vijay Kulkarni (equity investments), Nemish Sheth (equity investments), Gautam Kaul (debt investments), and Nishita Shah (overseas investments).
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According to the scheme information document, the investment objective of the scheme is to generate income and provide long-term capital appreciation by investing in instruments across multiple asset classes namely equity and equity related instruments, debt and money market securities, and gold/silver index/ETFs.
The scheme will have regular and direct plans with growth and IDCW options.
The minimum application amount will be Rs 1,000 and in multiples of Re 1 thereafter.
The minimum application amount for SIP will be Rs 100 and in multiple of Re 1 thereafter with six instalments. The scheme will offer SIP facility with weekly, monthly, and quarterly frequencies.
The scheme will allocate 10 -80% in equity and equity related instruments, 10 -80% in debt securities and money market instruments, 10-50% in gold/silver related instruments including ETFs/ index funds, sovereign gold deposit schemes and any other mode of investment in commodities as permitted by SEBI from time to time, and 0-10% in units issued by REITs and InvITs.
The scheme will be suitable for investors who
