Bandhan Mutual Fund Launches Nifty Total Market Index Fund

Bandhan Mutual Fund announced the launch of the Bandhan Nifty Total Market Index Fund, an open-ended index scheme tracking 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 Monday, 24 June 2024, and close on Friday, 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/.

Highlighting the key reasons to consider the Nifty Total Market Index strategy, Mr. Vishal Kapoor, CEO, Bandhan AMC said, “The Total Market Fund concept has gained global popularity for its simplicity and broad coverage, with some of the largest ETFs in the world now being Total Market Funds. The Nifty Total Market Index has significantly outperformed the Nifty 50 with better risk-adjusted returns of 3.77 vs. 0.88 over one year, and similar outperformance over 3, 5, and 10 years. 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.”

The Total Market Index covers all segments mitigating the risk of losing out on the opportunity in any one segment of the market, while offering potentially stable returns. The index includes all 22 sectors of the listed stock universe, compared to the Nifty 50, which covers only 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.