NFO Alert: Bandhan Mutual Fund Launches CRISIL-IBX Financial Services 3-6 Months Debt Index Fund

Bandhan Mutual Fund has launched the Bandhan CRISIL-IBX Financial Services 3-6 Months Debt Index Fund, an open-ended Constant Maturity Index Fund. The fund tracks the CRISIL-IBX Financial Services 3-6 Months Debt Index, which consists of debt securities with maturities between three to six months.

NFO Details

The New Fund Offer (NFO) details are as follows:

• Opening Date: March 6, 2025
• Closing Date: March 11, 2025
• Fund Category: Debt – Ultra Short Duration
• Fund Type: Open-ended
• Minimum Investment: ₹1,000 (multiples of ₹1 thereafter)
• Exit Load: Nil
• Lock-in Period: Not applicable
• Risk Level: Low to Moderate
• Benchmark: CRISIL-IBX Financial Services 3-6 Months Debt Index

The scheme is managed by Brijesh Shah and Harshal Joshi. The Registrar & Transfer Agent for the fund is Computer Age Management Services Ltd (CAMS).

Investment Objective

The fund aims to generate returns that correspond to the total returns of the CRISIL-IBX Financial Services 3-6 Months Debt Index, subject to tracking errors. It primarily invests in financial services sector debt instruments within the specified maturity range.

Investment Strategy

The scheme follows a passive investment approach, holding a portfolio that replicates the CRISIL-IBX Financial Services 3-6 Months Debt Index. The securities in the fund have a short maturity period, which helps in reducing interest rate risk.

There is no entry load or exit load applicable for this fund. Investors can enter or exit the scheme without additional charges.

Conclusion

All in all, the fund is structured as an ultra-short-term debt exposure with relatively lower risk. The subscription window for this NFO closes on March 11, 2025.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments in the securities market are subject to market risks, read all the related documents carefully before investing.