HT Bureau
GUWAHATI, Feb 13: Bandhan Mutual Fund has introduced the Bandhan Nifty Next 50 Index Fund, an open-ended scheme designed to track the Nifty Next 50 Index.
This index includes the 50 companies ranked just beyond the Nifty 50, representing firms that, while classified as large caps, possess mid and small-cap-like growth potential.
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The New Fund Offer (NFO) will open on February 13, 2025, and will close on February 25, 2025. Investors can access the fund through licensed mutual fund distributors, online platforms, and directly via Bandhan Mutual Fund’s website.
Vishal Kapoor, CEO of Bandhan AMC, highlighted the potential of the Nifty Next 50 Index, describing it as a gateway to well-established companies still in their high-growth phase.
He noted that the index spans various sectors, including consumer discretionary, FMCG, and IT, featuring industry disruptors with significant market potential.
Over the past nine years, 24 companies from this index have transitioned into the Nifty 50, reinforcing its role as a launchpad for future market leaders.
Kapoor pointed out that the index has historically outperformed the Nifty 50 across multiple market cycles.
The recent market correction has pushed the index down over 20%, placing it below its five-year average.
Kapoor suggested that, based on past trends, such downturns have often been followed by strong recoveries.
He emphasized that this makes the current period an opportune time for investors to participate in the segment’s long-term growth prospects through the Bandhan Nifty Next 50 Index Fund.
The Nifty Next 50 Index undergoes semi-annual rebalancing in March and September and follows a Free Float Market Capitalisation-based weighting methodology. The Bandhan Nifty Next 50 Index Fund is targeted at investors looking for a large-cap strategy with the potential for higher risk and returns.
