Bandhan Mutual Fund: Bandhan Mutual Fund has launched Bandhan Fixed Maturity Plan (FMP) – Series 209 for investors. This is a close-ended date scheme of 93 days, which gives investors an opportunity to get safe returns. Investors can participate in this new fund offer (NFO) from 3 February 2025 to 10 February 2025.
Bandhan Mutual Fund: What is the purpose?
The main objective of this scheme is to invest safe and stable income by investing in debt and money market instruments. The special thing is that it will be invested in only those instruments, whose maturity scheme will be completed within 93 days. This scheme is an excellent option for investors who want to get sure returns with low risk in limited times. However, Bandhan Mutual Fund has clarified that there is no guarantee of achieving the objectives of the plan.
An investment opportunity during NFO: start with just ₹ 5,000
If you want to invest in a new fund offering (NFO), then you have to invest an amount of at least ₹ 5,000. After this, you can increase your amount in multiples of ₹ 1.
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Additional procurement limit
No minimum boundary of additional purchases has been kept, which will give you complete flexibility of investment according to your need.
Big update on radiation
Units will not be able to redeem or repract before the maturity of this scheme. However, if you feel the need to get out first, you can do it through a stock exchange.
Benchmark (Total Return Index): Nifty Ultra Short Duration Date Index AI
The Nifty Ultra Short Duration Date Index AI has been designed in such a way that it helps to compare the performance of the series correctly. If a benchmark is available in the future that matches the scheme better for the investment purpose, then trustees can change it.
However, SEBI approval will be necessary for any change. Therefore, investors have been assured that any change in the benchmark will take place only after regulatory approval, which will keep their investment stability.
Liquidity/Listing Detail-
It is a close-ended scheme, which means that investors can only invest in it during the New Fund offer (NFO) period. This scheme will not open for subscription again after the NFO shutdown. There is a plan to listen to the scheme on BSE Limited (BSE), so that investors will be able to trading its units on the stock exchange.
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Who is the fund manager?
Fund manager of this scheme Harshal Joshi, who has 14+ years of mutual fund experience, has been managing various funds since 15 September 2015. He has been associated with the fixed income team of Bandhan AMC since December 2008 and has also worked in the first Icap India Private Limited. Joshi is managing several fixed term and index funds including Joshi Bandhan Equity Savings Fund, Bandhan Ultra Short Term Fund, Bandhan Midcap Fund (Debt Porition), which aim to give stable and better returns to investors.
Income scheme category is a mutual fund scheme that aims to give investors stable and regular income mainly by investing in debt and money market instruments. It has a low risk and is considered suitable for moderate to long periods. It is invested in means like government and corporate bonds, which keeps the portfolio safe. The amount invested in the close-ended scheme remains locked for a fixed time and returns only when the fixed period is completed. This scheme is good for investors who want safe and stable returns.