HT Bureau
GUWAHATI, July 5: Bandhan Mutual Fund has recently announced the launch of a new open-ended equity scheme called the Bandhan Financial Services Fund. The fund aims to provide investors with the opportunity to capitalize on the multi-year growth potential in the financial services sector. Managed by a team with a strong background and expertise in this field, the fund seeks to leverage the various opportunities available in the sector’s value chain, allowing investors to benefit from the overall growth story of the economy.
The New Fund Offer for the Bandhan Financial Services Fund will commence on Monday, July 10, 2023, and conclude on Monday, July 24, 2023. Interested investors can participate in the fund by utilizing licensed mutual fund distributors, online platforms, or by directly investing through the Bandhan Mutual Fund website at https://www.bandhanmutual.com.
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Vishal Kapoor, the CEO of Bandhan AMC, emphasised the importance of investing in the financial services sector, citing its significant contribution to India’s economic growth. Kapoor highlighted key factors such as the increasing financial inclusion, growing digitization, and the robust financial positions of banks and NBFCs as drivers for strong earnings growth within the sector. He also noted that the Financial Services Index has experienced substantial growth, outperforming the Nifty 500 Index by a factor of 18X since its inception. The Bandhan Financial Services Fund aims to diversify beyond the traditional banking sector by investing in capital markets, NBFCs, insurance, and fintech, providing investors with exposure to India’s long-term growth potential.
Sumit Agrawal, the Fund Manager for Bandhan Financial Services Fund, highlighted the sector’s agility in embracing new business opportunities and themes that can further enhance its growth prospects. Agrawal mentioned that the valuation of the Nifty Financial Services Index is currently at reasonable levels, making it an attractive entry point for investors seeking to benefit from the sector’s diversified growth potential.
