Bandhan Mutual Fund Launches Bandhan Nifty IT Index Fund: Key things to know

The Bandhan Nifty IT Index Fund is well-positioned to provide investors with a convenient, cost-effective route to benefit from the vast opportunities in this sector over the long term. 

The New Fund Offer (NFO) will open on Friday, August 18, 2023, and close on Monday, August 28, 2023. 

Investment in the Bandhan Nifty IT Index Fund can be made through licensed mutual fund distributors and online platforms, as well as, directly on https://www.bandhanmutual.com.

Highlighting why investors should consider investing in the Bandhan Nifty IT Index Fund, Vishal Kapoor, CEO, Bandhan AMC said, “The Indian IT sector is at the forefront of global innovation, establishing itself as a technology powerhouse and a leading player in the global IT landscape. Over the years, the Nifty IT Index has generated healthy returns for its investors delivering a handsome 17% annual return over the last 10 years and outperforming major sectors.”

Moreover, the valuation of the Nifty IT Index has eased over the last 18 months and is now closer to its historical average. Our latest offering, the Bandhan Nifty IT Index Fund combines the relative stability, quality, and reasonable return visibility that this exciting sector offers, Vishal Kapoor added.

The IT sector is now well established with several companies offering relatively higher return on equity and steady dividend payouts.

Bandhan AMC is focused on helping savers become investors and create wealth. With a seasoned management team, an on-ground presence in over 60 cities, and serving investors in over 790 locations in India, Bandhan AMC focuses on simplicity, transparency, innovation, and customer-centricity. The fund house offers a range of prudently constructed investment products – across equities, fixed income, and hybrid- that aim to provide performance consistent with their well-defined objectives. It takes pride in serving over a million folios, with a clearly articulated strategy and position for each product.

Updated: 17 Aug 2023, 12:33 PM IST