myplexus

NFO Monitor

Fund Fact

Name of Funds:

Bandhan Innovation

Opening:

10th April 2024

Closing:

24th April 2024

Minimum Investment:

Rs.1,000/- and in multiples of Re. 1/- thereafter

Plan:

Regular and Direct

Options:

Growth and IDCW

Entry Load:

Not Applicable

Exit Load:

0.50% of NAV if redeemed/switched out within 30 days from the date of allotment

Fund Stats

Objective:

The Scheme seeks to generate long-term capital appreciation by investing predominantly in equity and equity-related instruments of companies following innovation theme.

Benchmark:

NIFTY 500

Fund Manager:

Manish Gunwani, Brijesh Shah, Ritika Behera

Asset Allocation

80-100 % Equity upto 20% Money Market

upto 20% Debt upto 10% Others

Comparable existing schemes

ICICI Prudential Innovation Fund	31.32	Not Available
Nippon India Innovation Fund	23.15	Not Available

Fund Prognosis

Idea Distiller

The US markets is the beacon for this launch. Hoping for a FAANG, Tesla effect.

Fund House AAUM:
Rs 13735452.58 Lakhs(as on 31st March, 2024)
Fund Manager:
Combined experience of above 22 years

Scheme DNA 4 fundamentals

Uniqueness

Return

Risk

Operability

Oomph Factor

A bit low for me because of the lack of available scrips if the fund is to remain true to its objectives.

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