Bandhan Nifty Bank Index Fund Direct Growth
Equity
Direct
Index Funds
NAV as on 11-10-2024
₹ 10.11
1D
Inception Returns
/yr
About the Fund
Bandhan Nifty Bank Index Fund Direct Growth is an equity fund. This fund was started on 27 August, 2024. The fund is managed by . The fund could potentially beat inflation in the long-run.
Key Parameters
- Bandhan Nifty Bank Index Fund Direct Growth has ₹11 Cr worth of assets under management (AUM) as on Aug 2024 and is less than category average.
- The fund has an expense ratio 0.2.
Returns
Bandhan Nifty Bank Index Fund Direct Growth has given a CAGR return of -0.16% since inception.
Holdings
Bandhan Nifty Bank Index Fund Direct Growth has allocated its funds majorly in Financial Services, Cash Equivalent. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Kotak Mahindra Bank Ltd, State Bank of India, Axis Bank Ltd
Taxation
As it is a index funds mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of Bandhan Nifty Bank Index Fund Direct Growth
The investment objective of the Scheme is to replicate the Nifty Bank Index by investing in securities of the Nifty Bank Index in the same proportion / weightage with an aim to provide returns before expenses that track the total return of Nifty Bank Index, subject to tracking errors.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 100.00. Bandhan Nifty Bank Index Fund Direct Growth has no lock in period.
Historical NAV & Returns
Fund Overview
| Expense ratio | 0.21% |
Benchmark | IISL Nifty Bank TR INR |
| AUM | ₹11 Cr |
| Inception Date | 27 August, 2024 |
| Min Lumpsum/SIP | ₹1000/₹100 |
Exit Load | 0.2% |
| Lock In | No Lock-in |
TurnOver | 0% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Fund Distribution
as on (31-Aug-24)
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 28.27% | 0% | |
 ICICI Bank Ltd | 24.35% | 0% | |
 Kotak Mahindra Bank Ltd | 10.32% | 0% | |
 State Bank of India | 9.92% | 0% | |
 Axis Bank Ltd | 9.42% | 0% |
Top Growth Drivers | 1M Return |
|---|---|
 Kotak Mahindra Bank Ltd | 3% |
Bandhan Nifty Bank Index Fund Direct Growth Highlights
Very High Risk
Fund Allocations
AUM size ₹0 Cr
Expense Ratio 0.21%
Frequently Asked Questions
Bandhan Nifty Bank Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.38% | 0.38% |
6 Month Returns | 0% | 0% |
1 Year Returns | 0% | 0% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Bandhan Nifty Bank Index Fund Direct Growth | - | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Bandhan Nifty Bank Index Fund Direct Growth | - | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Bandhan Nifty Bank Index Fund Direct Growth | - | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Bandhan Nifty Bank Index Fund Direct Growth | - | - | - |