NFO Alert: Bandhan Mutual Fund launches Bandhan Innovation Fund; all you need to know

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Bandhan AMC, while discussing the new offering, said, “Innovation has consistently driven companies forward, and today, India's flourishing innovation landscape presents an exciting investment opportunity. We are observing ground-breaking transformations not only in technology but also in sectors like finance, auto, technology, healthcare, entertainment, retail, etc.

With India's climb in the global innovation rankings and swift advancements in fields like digital media, e-commerce, and electric vehicles, we stand at a crucial juncture. The Bandhan Innovation Fund is crafted to capitalize on these pivotal shifts, inviting mutual fund investors to join in this wave of innovation-driven growth." The scheme seeks to generate long-term capital appreciation by investing predominantly in equity and equity-related instruments of companies following the innovation theme.

The fund targets companies with substantial R&D investment, high skilled-employee costs, potentially higher margins or growth, unique products or services, non-linear business models, and a notable brand presence. Investors can invest under the scheme with a minimum investment of ₹1000 per plan/option and in multiples of Re 1.

There is no upper limit for investment. Under normal circumstances, the asset allocation (% of net assets) of the scheme’s portfolio will be as follows:Indicative allocations (% of total assets)MinimumMaximumEquity & equity-related instruments following innovation theme80%100%Very HighEquity & Equity related securities other than above and overseas securities0%20%Low to ModerateDebt Securities and Money Market Instruments (including Government securities, Securitised debt)0%20%Very HighUnits issued by REITs & InvITs0%10%Very High To date,