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Bandhan Mutual Fund has announced the launch of the Bandhan Nifty 500 Value 50 Index Fund and Bandhan Nifty 500 Momentum 50 Index Fund. These are open-ended index schemes tracking the Nifty 500 Value 50 Index and Nifty 500 Momentum 50 Index, respectively. The Nifty 500 Value 50 Index focuses on 50 undervalued companies within the Nifty 500 universe, while the Nifty 500 Momentum 50 Index focuses on 50 stocks based on their strong recent performance trend.The New Fund Offers (NFOs) will open on Monday, 14 October 2024, and close on Thursday, 24 October 2024.
Investments in both the Bandhan Nifty 500 Value 50 Index Fund and the Bandhan Nifty 500 Momentum 50 Index Fund can be made through licensed mutual fund distributors, online platforms, or directly via their respective links:https://bandhanmutual.com/nfo/bandhan-nifty-500-value-50-index-fund/ and https://bandhanmutual.com/nfo/bandhan-nifty-500-momentum-50-index-fund/
Highlighting the growing demand for factor-based strategies, Vishal Kapoor, CEO, Bandhan AMC, commented, “Factor Investing has gained considerable traction as it targets specific characteristics that have historically driven risk or returns. The Bandhan Nifty 500 Value 50 Index Fund aims to offer exposure to out-of-favour stocks trading below their intrinsic value and capitalise on their potential recovery."