Bandhan Mutual Fund has launched the Bandhan Nifty Total Market Index Fund, an open-ended index scheme that tracks the Nifty Total Market Index. This fund provides investors with an opportunity to invest in a diversified portfolio that includes 750 stocks across Large, Mid, Small, and Micro caps, representing 95% of the Indian equity market.
The New Fund Offer (NFO) will open on 24 June 2024, and close on, 5 July 2024. Investment in the Bandhan Nifty Total Market Index Fund can be made through licensed mutual fund distributors, online platforms, and directly at https://bandhanmutual.com/nfo/bandhan-nifty-total-market-index-fund/.
The Total Market Index offers a comprehensive approach to market analysis, ensuring that it covers all market segments, thereby mitigating the risk of losing out on opportunities. The index encompasses all 22 sectors of the listed stock universe, unlike the Nifty 50, which only covers 14 sectors. The Bandhan Nifty Total Market Index Fund enables investors to own a piece of the entire Indian stock market, significantly reducing the risk of predicting which market segments will excel next or overexposure to a specific sector. Mr. Vishal Kapoor, CEO, Bandhan AMC said, “The Bandhan Nifty Total Market Index Fund offers comprehensive market participation across all sectors and market caps, making it a valuable addition for investors looking to benefit from India’s economic success.”