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Home >> Blog >> Bandhan BSE Healthcare Index Fund NFO: Review, Date & NAV

Bandhan BSE Healthcare Index Fund NFO: Review, Date & NAV

  


Bandhan BSE Healthcare Index Fund: Complete Overview

If you're an established participant or new to the world of New Fund Offer, you've come to the right place to learn about the latest trends, insights, and news of NFO Mutual Fund. Here at the Bandhan BSE Healthcare Index Fund NFO Blog, we're dedicated to providing you with useful information on this new NFO, including financial characteristics and any prior performance.

“Bandhan BSE Healthcare Index Fund” by Bandhan Mutual Fund is an open-ended scheme that tracks BSE Healthcare Index. The Scheme was launched under Bandhan AMC Limited (formerly IDFC Asset Management Company Limited). The NFO date is from August 21 to September 03, 2024, with an NFO price of Rs.1000 and in multiples of Rs.1 thereafter having an exit load of 0.25% if units are redeemed within 15 days.

Bandhan BSE Healthcare Index Fund NFO Details

The scheme is suitable for investors who want to achieve long-term wealth gain and seek to invest in BSE Healthcare Index related stocks and equity-related instruments. The scheme is a very high-risk scheme. There is no assurance that the scheme's investment goal will be met. The scheme will invest 95-100% of its units in Securities (including stock and index derivatives) included in the Bandhan BSE Healthcare Index and 0-5% in Debt & money market Instruments.

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Fund Overview

The Bandhan BSE Healthcare Index Fund NFO minimum subscription amount is Rs.1000 and in multiples of Rs.1 thereof.

Start Date

21 August 2024

End Date

03 September 2024

Allotment Date/Subscription Date/Re-open Date

09 September 2024

VRO Rating

-

Expense Ratio

Nil

Exit Load

0.25% of the NAV, if redeemed within 15 days.

AUM 

Rs.148,741.98 crore (as of 30 Jun 2024).

Lock-in

NA

Stamp Duty

0.005% (From July 1st 2020)

Benchmark(s)

BSE Healthcare TRI.

Min. Investment

Rs.1000 and in multiple of Rs.1.

Risk

Very High

Short-Term Capital Gains (STCG)

For less than 2 years, as per Tax Slab.

Long-Term Capital Gains (LTCG)

For more than 2 years, a 12.50% Tax is applicable.

 

How To Invest In The NFO After The Closure Date?

If you have missed participating in the NFO and now want to invest in the same Scheme on a continuous basis, then on 09 September 2024, when the Scheme will reopen; you will have the option to participate and invest directly in the Mutual Fund by spending at NAV based price by logging on to your Demat account and search for “Bandhan BSE Healthcare Index Fund” or directly with the AMC or simply click the ‘Banner’ below.

The Objective of The Fund

The Scheme aims to generate returns before expenditures that track the overall return of the BSE Healthcare Index, subject to tracking errors, by investing in securities of the BSE Healthcare Index in the same proportion and weight. Nevertheless, there can be no assurance or guarantee that the scheme's investment goals will be met.

Asset Allocation (% of Total Assets) of the Scheme's portfolio will be as follows:

Types of Instruments

Minimum Allocation (% of Total Assets)

Maximum Allocation (% of Total Assets)

Securities (including stock and index derivatives) included in the Bandhan BSE Healthcare Index. 

95

100

Debt & money market Instruments.

0

5

 

Peers of Bandhan BSE Healthcare Index Fund

Scheme

1Y Return

AUM (Rs.)

SBI Healthcare Opportunities Fund-Growth

42.40%

2,979.52 Cr.

ICICI Prudential Pharma Healthcare and Diagnostics (P.H.D) Fund-Growth

55.61%

4,500.25 Cr.

Tata India Pharma & Healthcare Fund Regular-Growth

49.12%

1,056.02 Cr.

DSP Healthcare Fund Regular-Growth

48.37%

2,755.75 Cr.

Since this scheme is a new scheme, hence no comparable data on its past performance against its peers is available.

Risk Factors In Such Funds

  • As an index scheme, the Scheme uses a passive investment strategy and will only make investments in securities that make up a single, chosen index by the Scheme's investment goal.

  • The Scheme is run in an inactive manner. Because the Scheme is index-linked, a general drop in the Indian markets concerning its underlying index may have an impact on it.

  • The NAV of the Scheme will respond to changes in the stock market. The performance of the companies whose stock makes up the underlying portfolio, among other things, can cause variations in the scheme's NAV, which can lower the value of investments in the scheme over the short or long term.

  • In the same proportion that the securities have in the Index, the Scheme would invest in the securities that make up the Underlying Index. Therefore, the Scheme would be subject to the risk associated with the appropriate Underlying Index.

  • The investment in the scheme could increase or decrease based on a variety of variables and pressures affecting the debt and capital markets, as well as changes in the interest rate, price, and value of the securities in which the scheme invests.

Past Performance of Index Funds

Index Funds

NAV (Rs.)

Annualised Return

Return / Risk

Motilal Oswal BSE Healthcare ETF

42.49

50.3%

Very High Risk

DSP Healthcare Fund Regular-Growth

38.70

48.37%

Very High Risk

SBI Healthcare Opportunities Fund-Growth

395.92

42.40%

Very High Risk


Bandhan BSE Healthcare Index Fund NFO-Who Can Invest?

This Fund is ideal for those who want to achieve long-term capital gain and seek to invest in BSE Healthcare Index related stocks and equity-related instruments. 

Bandhan BSE Healthcare Index Fund-Growth Fund Managers:

  • Mr. Nemish Sheth.

Conclusion

The Bandhan BSE Healthcare Index Fund is appropriate for investors who are high-risk tolerant and aiming for capital maturity over a long horizon by investing in BSE Healthcare Index related stocks and equity-related instruments. Always assess your Financial Goals, Risk tolerance, time horizons, etc. before making an investment decision. 

Disclaimer: This NFO analysis is provided solely for informative reasons and should not be construed as investment advice. Always conduct research and talk with a financial advisor before investing.



Frequently Asked Questions

+

The opening date of the Scheme is 21 August 2024.

 

+

The closing date of the Scheme is 03 September 2024

+

NAV expands as Net Assets Value.

+

The Scheme's Fund Manager is Mr. Nemish Sheth

+

The minimum investment for the Scheme is Rs.1000 and in multiple of Rs.1.



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