Bandhan Nifty IT Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl

Bandhan Nifty IT Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl

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Equity
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Index Funds
NAV: ₹ 11.47 as on 13-06-2024

About the Fund

Bandhan Nifty IT Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl is an equity fund. This fund was started on 1 September, 2023. The fund is managed by . The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Bandhan Nifty IT Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl has ₹18 Cr worth of assets under management (AUM) as on Apr 2024 and is less than category average.
  2. The fund has an expense ratio 0.4.

Returns

Bandhan Nifty IT Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl has given a CAGR return of 12.37% since inception.

Holdings

Bandhan Nifty IT Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl has allocated its funds majorly in Cash Equivalent, Tech. Its top holdings are Infosys Ltd, Tata Consultancy Services Ltd, Tech Mahindra Ltd, HCL Technologies Ltd, Wipro 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 benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of Bandhan Nifty IT Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl

The investment objective of the Scheme is to replicate the Nifty IT Index by investing in securities of the Nifty IT Index in the same proportion / weightage with an aim to provide returns before expenses that tracks the total return of Nifty IT Index, subject to tracking errors. However, there is no assurance or guarantee that the objectives of the scheme will be realized and the scheme does not assure or guarantee any returns.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 0.00 and for SIP is INR 0.00. Bandhan Nifty IT Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl has no lock in period.

Fund Performance

Overview

Expense ratio
Expense ratio
0.36%
Benchmark
Benchmark
NIFTY IT TRI TR INR
AUM
AUM
₹18 Cr
Inception Date
Inception Date
1 September, 2023
Min Lumpsum/SIP
Min Lumpsum/SIP
--/--
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
0%

Bandhan Nifty IT Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl Distribution as on (30-Apr-24)

  • Equity 100%

Sector Allocation

Apr'24

Mar'24

Feb'24

Tech
100%

Monthly Changes Updates

All changes are between Feb'24 and Apr'24
Fund Performance
Apr'24
Mar'24
Feb'24
Fund Returns
-4.87%
-7.51%
2.94%
Nifty 50
0.64%
-0.05%
1.32%
  • This fund’s returns stands at -4.87% whereas the fund’s underlying benchmark Nifty 50 returns stands at 0.64% as on Apr'24
  • This fund underperformed Nifty 50 by 5.50% in Apr'24
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 18.3 Cr
₹ 18.3 Cr
₹ 19.5 Cr
  • AUM of the fund stands at 18.3 Cr as of Apr'24
  • AUM has remained same between Apr'24 and Mar'24
Fund Portfolio Changes

Top Holdings of Bandhan Nifty IT Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl as on (31-May-24)

  • Equity

Equity Holdings10

Gainers & Losers Returns for the month of Apr

Bandhan Nifty IT Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered returns of 12.37% since inception (01nd Sep 2023)
Fund Allocations

Fund Allocations

This fund has an allocation of 100.08% in Equity, 0% in Debt and -0.08% in Cash related instruments
AUM size ₹18 Cr

AUM size ₹18 Cr

This fund has AUM of ₹18 Cr which is less than its category average of ₹ 733 Cr
Expense Ratio 0.36%

Expense Ratio 0.36%

This fund has an expense ratio of 0.36% which is less than its category average expense ratio of 0.54%

Frequently Asked Questions

The current NAV of Bandhan Nifty IT Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl is ₹11.47 as on 13-Jun-2024.
Existing (Absolute + CAGR) as on 13-Jun-2024.
Bandhan Nifty IT Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl
Absolute Returns
CAGR Returns
1 Month Returns
5.58%
5.58%
6 Month Returns
5.15%
5.15%
1 Year Returns
0%
0%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
  • 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.
0.36% as on May 2024
₹18 Cr as on May 2024
Infosys Ltd(26.94%), Tata Consultancy Services Ltd(25.2%), Tech Mahindra Ltd(10.5%), HCL Technologies Ltd(9.5%), Wipro Ltd(8.33%) as on May 2024
The alpha ratio for the Bandhan Nifty IT Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Bandhan Nifty IT Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl
-
-
-
As on May 2024
The alpha for Bandhan Nifty IT Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl is calculated against NIFTY IT TRI TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Bandhan Nifty IT Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Bandhan Nifty IT Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl
-
-
-
As on May 2024
The Beta for Bandhan Nifty IT Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl is calculated with NIFTY IT TRI TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Bandhan Nifty IT Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Bandhan Nifty IT Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl
-
-
-
As on May 2024
The sharpe ratio for Bandhan Nifty IT Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl is calculated with NIFTY IT TRI TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Bandhan Nifty IT Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Bandhan Nifty IT Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl
-
-
-
As on May 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
The Exit load of Bandhan Nifty IT Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl is 0%