MUTUAL FUNDS
Bandhan Mutual Fund files offers document for Fixed Maturity Plan - Series 205 to 208
Mar-01-2024
Bandhan Mutual Fund has filed offer document with SEBI to launch a close-ended scheme named ‘Bandhan Fixed Maturity Plan - Series 205 to 208’. The offer rate is Rs 10 per unit. Entry load and Exit load will be nil. The Scheme offers Growth and IDCW option for investment and minimum target subscription amount for the Scheme to be raised is Rs 20 crore (per series).

The performance of the scheme launched with duration of 1 to 3 months will be benchmarked by Crisil Liquid Debt A-I Index; for schemes launched with duration of 3 to 6 months will be benchmarked by Nifty Ultra Short Duration Debt Index A-I; for  schemes  launched  with  duration  of  6-12  months will be benchmarked by Nifty Low Duration Debt Index A-I; for  schemes  launched  with  duration  of  1  to  3  year will be benchmarked by Nifty Short Duration Debt Index A-II; for schemes launched with duration of 3 to 4 year will be benchmarked by Nifty Medium Duration Debt Index A-III; for  schemes  launched  with  duration  of  4  to  7  year will be benchmarked by Nifty Medium to Long Duration Debt Index A-III; and for schemes launched with duration with more than 7 year will be benchmarked by NIFTY Long Duration Debt Index A-III. The minimum application amount is Rs 5000 and in multiples of Re. 1 thereafter.

The investment objective of the scheme is to generate income by investing in a portfolio of debt and money market instruments maturing on or before the maturity of each Series(s) under the scheme.

  RELATED NEWS >>