Bandhan Mutual Fund has launched an open-ended index fund, Bandhan Nifty Midcap 150 Index Fund, which tracks the Nifty Midcap 150 Index. The index represents the top 150 companies beyond the Nifty 100, offering exposure to established companies with substantial growth potential.
Bandhan Nifty Midcap 150 Index Fund NFO dates
The New Fund Offer (NFO) will remain open from September 3-13, 2024. Investment in the Bandhan Nifty Midcap 150 Index Fund can be made through licensed mutual fund distributors, online platforms, and directly at https://bandhanmutual.com/nfo/bandhan-nifty-midcap-150-index-fund/.
Highlighting the key reasons to consider investing in the Bandhan Nifty Midcap 150 Index Fund, Vishal Kapoor, CEO, Bandhan AMC, said, “Companies in the midcap phase often represent the ‘sweet spot’ in the organisation’s lifecycle. These firms typically exhibit a proven business model, potential for significant growth, and often include sector-leading players.”
Also read: UTI Mutual Fund launches 2 new Index Funds – Check features, other details
“The Nifty Midcap 150 Index captures the performance of these midcap companies and has a strong track record of outperformance, consistently delivering superior returns compared to both large-cap and small-cap indices. By providing diversified exposure across midcap companies, the Bandhan Nifty Midcap 150 Index Fund enables investors to tap into this growth potential and capitalise on emerging market trends,” Kapoor said.
The index is rebalanced semi-annually in March and September to stay aligned with market dynamics and is weighted based on free float market capitalisation. Investors looking for a strategic addition to their portfolio, with a focus on the long-term growth potential and a willingness to embrace higher risk, may consider investing in Bandhan Nifty Midcap 150 Index Fund.