Bandhan Mutual Fund has launched two new open-ended index schemes: the Bandhan Nifty 500 Value 50 Index Fund and the Bandhan Nifty 500 Momentum 50 Index Fund. These funds aim to track the Nifty 500 Value 50 Index and Nifty 500 Momentum 50 Index, focusing on 50 undervalued companies and 50 high-performance stocks, respectively.
The New Fund Offers (NFOs) are open for subscription from October 14 to October 24, 2024, and investors can access these funds through licensed mutual fund distributors, online platforms, or directly via the Bandhan Mutual Fund website. Vishal Kapoor, CEO of Bandhan AMC, emphasized the rising popularity of factor-based investment strategies, stating, “Factor Investing has gained considerable traction as it targets specific characteristics that have historically driven risk or returns.”
He noted that the Value Index Fund aims to capture stocks trading below their intrinsic value, while the Momentum Fund focuses on stocks with strong recent performance trends. In Kolkata, the launch is anticipated to attract significant investor interest, particularly among those looking to diversify their portfolios with value and momentum strategies. The semi-annual rebalancing of these indices will ensure alignment with changing market dynamics, appealing to both seasoned and new investors.
