NFO Alert: Kotak Mahindra AMC & Bandhan Mutual Fund Launch New Schemes
Kotak Mahindra Asset Management Company and Bandhan Mutual Fund have introduced new NFO (New Fund Offer) schemes. Kotak Mahindra has launched an index fund tracking the Nifty 100 Equal Weight Index, while Bandhan Mutual Fund has introduced the Fixed Maturity Plan – Series 209, a 93-day fixed-term investment scheme
Highlights:
- 2 NFOs launched by Kotak and Bandhan Mutual Fund
- Minimum investment of ₹5,000 in these funds
- Bandhan Mutual Fund introduces the Fixed Maturity Plan
Kotak Mahindra Asset Management Company and Bandhan Mutual Fund have launched two new mutual fund schemes on February 3, Monday. One is focused on equity, and the other on the debt market, offering investment opportunities in both areas. Find out which one suits you best.
Kotak Mahindra has introduced an Index Fund that tracks the Nifty 100 Equal Weight Index. This fund invests equally in the top 100 companies of the Nifty, with the aim of mirroring the performance of the index.
Minimum Investment Amount
You can invest a minimum of ₹5,000 in this fund. The open-ended fund will be managed by Devender Singhal. While the goal of the fund is to closely track the index, the returns may vary due to tracking errors, as mentioned in the scheme’s document. There is no entry or exit load.
Bandhan Mutual Fund’s Fixed Maturity Plan
Bandhan Mutual Fund has introduced a 93-day Fixed Maturity Plan (FMP) – Series 209, a debt-based scheme that aims to generate income through investments in debt and money market instruments. The scheme offers both growth and IDCW options.
This FMP is suitable for investors seeking low to moderate risk with short-term fixed income. The subscription period ends on February 10, 2025. There is no entry or exit load, and the fund will be managed by Harshal Joshi.
Both these new schemes provide excellent options for those looking to invest in equity and debt markets. The Kotak Mahindra Index Fund is ideal for those seeking long-term growth, while the Bandhan FMP is suited for those desiring short-term fixed income. It is advisable to gather all information and consult your financial advisor before proceeding with any investment. These new schemes offer investors a wider range of options based on their investment needs.
Disclaimer:
The information provided here is for informational purposes only. Investing in the markets carries market risks. As an investor, always consult experts before making any investment decisions.