Bandhan Bank Bandhan Long Duration Fund launched for investors seeking long-term debt investments
Bandhan Mutual Fund announced the launch of the Bandhan Long Duration Fund, an open-ended, long-term debt scheme that invests in instruments such that the portfolio Macaulay duration will be over 7 years.
The fund may offer a compelling opportunity for investors who are expecting a fall in the current near-peak interest rates, driven by structural improvements in the economy.
The New Fund Offer (NFO) for the fund is set to open on Tuesday, 5 March 2024, and will close on Monday, 18 March 2024.
Talking about the new offering, Vishal Kapoor, CEO, Bandhan AMC said, “Our macroeconomic environment is entering a unique phase. A combination of structural and cyclical improvements is likely to reduce deficits, ease inflation, and attract foreign investments in Indian bonds. These developments are expected to pave the way for a lower interest rate regime over the medium term, creating an enticing opportunity for bond investments. Long-duration funds like our latest offering enable investors to invest at favourable rates for the long term, mitigating future reinvestment risks and offering potential capital gains as interest rates fall.”
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