Bandhan Nifty IT Index Fund - Regular Plan - Growth

NAV 13.48(-1.29%)
Feb 19, 2025
Bandhan Nifty IT Index Fund - Regular Plan - Growth
AUM
₹29 Cr
Expense (%)
1.02
Turnover (%)
57.00
Benchmark
NIFTY 50 - TRI
Asset Quality
Large, Green
Differs from benchmark (%)
90.99

Decision Maker

1. Right Fund

Performance
Quality

2. Right Time

Benchmark
Debt Fund
8%
Likely Future 5 Year CAGR.

3. Right Allocation

Will this Fund help diversify your portfolio?

3Yr Rolling Returns(%)

Benchmark# : NIFTY 500

Performance Summary - 10 Year X-Ray

Dec' 15Dec' 16Dec' 17Dec' 18Dec' 19Dec' 20Dec' 21Dec' 22Dec' 23Dec' 24YTD
NAV(₹)
--------11.5314.2113.48
AUM(Cr.)
--------17.4928.9429.35
Benchmark# BM# Returns(%)
--------14.8015.16-7.35
Fund Returns(%)
--------15.3023.24-5.14
Implied  Investor Returns(%) IR(%)
---------23.2731.7018.12
Alpha(%)  (Returns over Benchmark)
--------0.508.082.21
Expense Ratio(%)
--------1.001.021.02

CAGR

9 Year5 Year3 Year1 Year
Benchmark# BM# Returns(%)
---8.98
Fund Returns(%)
---17.87
Implied  Investor Returns(%) IR
---14.87
                                                                                                                                                            Benchmark# is NIFTY 500

Bandhan Nifty IT Index Fund Review : 20 Feb 2025

Bandhan Nifty IT Index Fund is a Index Funds - Other with an 29(Cr) AUM. It is Open Ended scheme launched on 31 Aug 2023. Currently, Nemish Sheth as the manager managing the fund. Benchmark of the scheme is NIFTY 50 - TRI.

1. How has the Bandhan Nifty IT Index Fund Performed in the past? N/A

  • The fund has been operational for less than 5 years and hence it too early to be rated on Performance consistency.
  • The 3, 5 and 9-year average rolling returns and rolling alpha are not available
  • For last 5 years, Investors have earned close to or more returns than the Fund. This may indicate that they were aligned to the investing process followed by the fund.

2. How is the Quality of Bandhan Nifty IT Index Fund? Q

Fund's Portfolio Quality is Very Good. It has a large proportion of Green Stocks.
  • Portfolio Composition

    The fund is 99% in equity and hold 10 number of stocks. The Top 3 stocks are HCL Tech., TCS and Infosys and account for 61% of its portfolio. Top 5 and 10 stocks of fund account for 79% and 99% of fund’s portfolio respectively. Top three sectors of funds are IT, Miscellaneous and null accounting for 100% of the total portfolio.
  • 3. Should you SIP in Bandhan Nifty IT Index Fund? N/A Q

    • It is better to invest in a fund with a longer track record as this fund cannot be assessed for consistency of out-performance.
    • Fund's returns are more likely to be different than its benchmark NIFTY 500 returns, as Fund’s portfolio is significantly different.
    • You need to look at the other funds in your portfolio and ensure this fund helps diversify your portfolio meaningfully.
    • Before investing a large lumpsum amount in a fund you need to assess its Upside Potential. You can contact us for advice.

    4. What are the Risks in the Bandhan Nifty IT Index Fund?

    • Bandhan Nifty IT Index Fund is likely to fall lesser than the market. It is likely to do well in a falling market but not in a rising market.
    • The Fund has fallen harder, but not recovered faster than its Benchmark.

    Underlying Asset Quality & Valuation

    Underlying Asset Quality Valuation(%)
    Underlying Asset Valuation (%)

    Peer Comparison on returns

    Upside and Downside Capture Ratio

    1 Year3 Year5 Year9 Year
    Upside %
    69---
    Downside %
    -1-1-1-1

    Statistical Measure*

    Mean Std Dev Sharpe Sortino Beta Alpha
    Fund
    0.02%0.870.000.010.762.21%
    Benchmark#
    0.04%1.220.020.040.76-
    *Based on daily returns for past 1 year.

    Mean and Standard Deviation

    Average Rolling Return Standard Deviation
    1 Year 3 Year5 Year9 Year1 Year3 Year5 Year9 Year
    Fund
    33.770.000.000.007.350.000.000.00
    Benchmark#
    28.990.000.000.0010.840.000.000.00
    Drawdown and Recovery Period

    No Data Found

    Fund Overview Bandhan Nifty IT Index Fund - Regular Plan - Growth

    Launch Date
    31 Aug 2023
    Benchmark
    NIFTY 50 - TRI
    Performance comparison Benchmark#
    NIFTY 500
    Riskometer
    Very High
    Turnover
    57%
    Type
    Open ended scheme
    Return Since Launch
    8.39%
    Min. Investment
    1000.00
    Min. Additional investment Min. Add. inv.
    1000.00
    Min. SIP
    100.00
    Min. Cheques
    6
    Min. Withdrawal
    1000.00
    Exit Load
    0.00%
    Remark
    Nil
    PortfolioCompare

    FAQ : Bandhan Nifty IT Index Fund - Regular Plan - Growth

    Bandhan Nifty IT Index Fund - Regular Plan - Growth has delivered CAGR and average rolling returns as follows :

    1 Year 3 Year 5 Year 9 Year
    CAGR(%) 17.87 N/A N/A N/A
    Average Rolling Returns(%) 33.77 N/A N/A N/A

    The Current NAV of Bandhan Nifty IT Index Fund - Regular Plan - Growth is ₹13.48.

    It is better to invest in a fund with a longer track record as Bandhan Nifty IT Index Fund - Regular Plan - Growth cannot be assessed for consistency of out-performance. Funds returns are more likely to be different than its benchmark NIFTY 500 returns, as Funds portfolio is significantly different.

    Bandhan Nifty IT Index Fund - Regular Plan - Growth fund’s expense ratio is 1.02%

    The process for redemption is

    • Give a request for redemption of the number of units or the amount you want. The request will be acknowledged.
    • You will get information about the redemption and the NAV at which redeemed.
    • The amount will be deposited in the designated bank account.

    The AUM of Bandhan Nifty IT Index Fund - Regular Plan - Growth is currently ₹29 Crores.

    The Top three stocks are Infosys, TCS and HCL Tech. and account for 61% of its portfolio. Top 5 and 10 stocks of fund account for 79% and 99% of fund’s portfolio respectively.

    Top three sectors of Bandhan Nifty IT Index Fund - Regular Plan - Growth fund are IT, Miscellaneous and accounting for 100% of the total portfolio.

    Funds Portfolio Quality is Very Good. It has a large proportion of Green Stocks.Since this is a Index Funds - Other it is comparatively safer to invest in this fund. However, since it has not consistently outperformed its benchmark index on an average 3-year rolling returns basis it is not the most suitable fund for SIP.

    The category of Bandhan Nifty IT Index Fund - Regular Plan - Growth Fund is Index Funds - Other.

    Nemish Sheth manages the Bandhan Nifty IT Index Fund - Regular Plan - Growth Fund.

    Bandhan Nifty IT Index Fund - Regular Plan - Growth current PE ratio is 35.57 and PB ratio is 8.94

    The asset allocation of Bandhan Nifty IT Index Fund - Regular Plan - Growth is Stocks : 99.16%, Debt : 0.83% and Gold : 0%

    The minimum SIP amount for Bandhan Nifty IT Index Fund - Regular Plan - Growth is ₹100.00 and minimum lumpsum is ₹1000.00

    The exit load for Bandhan Nifty IT Index Fund - Regular Plan - Growth is Nil

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