Bandhan Mutual Fund launches Bandhan Financial Services fund, offer to open on 10 July; key highlights here

livemint.com:

Mutual Fund on Tuesday launched an open-ended equity scheme, Bandhan Financial Services Fund. This new scheme offers investors the opportunity to benefit from the multi-year growth opportunities in the financial services sector.

This new fund will open on July 10 for subscription and will close on July 24, 2023. Sumit Agrawal is the fund manager for this scheme.

As per the statement, the Bandhan Financial Services Fund will use a 3-factor model for stock selection. The fund manager will prioritize the stock’s Earnings Trajectory, Management Quality, and Competitive Positioning, thereby focusing on both the quality and growth aspects of the portfolio.

Further, the fund’s portfolio construction would follow the flexi cap approach from a market cap allocation standpoint and will be actively managed. It will follow a growth style of management and look at medium to long-term growth opportunities.

Sumit Agrawal, Fund Manager for Bandhan Financial Services Fund added, “The financial services sector is agile in embracing new businesses and themes that could further enhance its growth prospects. With a whole host of sub-segments and a solid track record for wealth creation over the long term, the valuation of the Nifty Financial Services Index is currently at reasonable levels, a relatively attractive entry point for investors looking to benefit from the growth prospects of this diversified sector." Agarwal added, "Bandhan Financial Services Fund has a bottom-up stock selection approach with flexible allocation across market cap segments, facilitating focus on growth-oriented companies that have proven competitive positioning, good management quality, and a robust earnings trajectory." That being said, the fund will be actively