NFO Alert: All you need to know about newly launched Bandhan Nifty Alpha 50 Index Fund
IDFC Mutual Fund) announced the launch of Bandhan Nifty Alpha 50 Index Fund, an open-ended scheme tracking the Nifty Alpha 50 index. The scheme opened for public subscription on October 25, 2023, and will close on November 06, 2023.
The scheme re-opens for ongoing subscription and redemption within five business days from the date of allotment of units. This is an open-ended scheme tracking the Nifty Alpha 50 index.
This product is suitable for investors seeking Highlighting the key reasons to consider the Nifty Alpha 50 index strategy, Vishal Kapoor, CEO, Bandhan AMC, said, “Traditional passive funds are designed to mimic their benchmark and thus offer broad market-based returns. Bandhan Nifty Alpha 50 Index Fund aims to generate outperformance by selecting stocks with specific factors that produce potentially higher risk-adjusted returns compared to the market.
NSE data, as of September 30, 2023, indicate that the Nifty Alpha 50 Index has outperformed the Nifty 50 Index and the Nifty 500 Index, generating an alpha of ~5% over these broad-based indices, albeit with higher volatility. Savvy Investors seeking to add an aggressive strategy to their portfolio could include Bandhan Nifty Alpha 50 Index Fund, to enhance the growth potential of the portfolio." 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 track the total return of Nifty Alpha 50 index, subject to tracking errors.
However, there is no assurance or guarantee that the objectives of the scheme will be realised and the scheme does not assure or guarantee any returns. Investors can invest under
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