Bandhan Bank Bandhan Mutual Fund launches Bandhan Financial Services Fund
Mumbai: Bandhan Mutual Fund has announced the launch of the Bandhan Financial Services Fund, an open-ended equity scheme, offering investors the opportunity to benefit from the multi-year growth opportunities in the financial services sector.
The fund will be actively managed by a team that has a strong pedigree and expertise in leveraging the vast opportunities across this attractive value chain, providing investors with an opportunity to benefit from the growth story of the economy.
The New Fund Offer will open on Monday, July 10, 2023, and close on Monday, July 24, 2023.
Investment in Bandhan Financial Services Fund can be made through licensed mutual fund distributors and online platforms, as well as, directly on https://www.bandhanmutual.com.
Highlighting why investors should consider investing in the Financial Services Sector, Vishal Kapoor, CEO, Bandhan AMC said, “A significant portion of India’s economic growth is fueled by the financial services sector. Powerful enablers like increasing financial inclusion, growing digitization, and the relatively stronger balance sheet of banks and NBFCs provide visibility for strong earnings growth for this sector. It has been a key driver of returns for the capital market with the Financial Services Index growing 18X since inception compared to 10X for the Nifty 500 Index. The Bandhan Financial Services Fund will go beyond the traditional Banking sector by diversifying further with investments in Capital Markets, NBFCs, Insurance, and Fintech as well, providing investors with an opportunity to benefit from India’s long-term growth story.”
Sumit Agrawal, Fund Manager for Bandhan Financial Services Fund added, “The financial services sector is agile in embracing new businesses and themes that could further enhance its growth prospects. With a whole host of sub-segments and a solid track record for wealth creation over the long term, the valuation of the Nifty Financial Services Index is currently at reasonable levels, a relatively attractive entry point for investors looking to benefit from the growth prospects of this diversified sector. The Bandhan Financial Services Fund has a bottom-up stock selection approach with flexible allocation across market cap segments, facilitating focus on growth-oriented companies that have proven competitive positioning, good management quality, and a robust earnings trajectory.”
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
