Bandhan Mutual Fund announced the launch of the Bandhan Nifty Midcap 150 Index Fund, an open-ended index fund that tracks the Nifty Midcap 150 Index. The index represents the top 150 companies beyond the Nifty 100, offering exposure to established companies with substantial growth potential. The New Fund Offer (NFO) will open on Tuesday, 03 September 2024, and close on Friday, 13 September 2024. Investment in the Bandhan Nifty Midcap 150 Index Fund can be made through licensed mutual fund distributors, online platforms, and directly.
Highlighting the key reasons to consider investing in the Bandhan Nifty Midcap 150 Index Fund, Vishal Kapoor, CEO, Bandhan AMC, said, “Companies in the midcap phase often represent the ‘sweet spot’ in the organisation’s lifecycle. These firms typically exhibit a proven business model, potential for significant growth, and often include sector-leading players. The Nifty Midcap 150 Index captures the performance of these midcap companies and has a strong track record of outperformance, consistently delivering superior returns compared to both large-cap and small-cap indices. By providing diversified exposure across midcap companies, the Bandhan Nifty Midcap 150 Index Fund enables investors to tap into this growth potential and capitalise on emerging market trends.”
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