Bandhan Mutual Fund has introduced the Bandhan Nifty Midcap 150 Index Fund, an open-ended index fund that tracks the Nifty Midcap 150 Index.
This index comprises the top 150 companies beyond the Nifty 100, offering investors exposure to established midcap companies with strong growth potential. The New Fund Offer (NFO) will be available from 03 September 2024 to 13 September 2024. According to Vishal Kapoor, CEO of Bandhan AMC, the fund provides diversified exposure to midcap companies, which are positioned for significant growth, often outperforming both large-cap and small-cap indices.
The index is rebalanced semi-annually to reflect market dynamics and is weighted by Free Float Market Capitalisation. This fund is ideal for investors seeking long-term growth and willing to take on higher risk.
