Bandhan Crisil IBX Gilt April 2032 Index Fund - Direct Plan - Bandhan Mutual Fund
An open-ended Target Maturity Index Fund investing in constituents of CRISIL IBX Gilt Index – April 2032 with Relatively High Interest Rate Risk and Relatively Low Credit Risk
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What is Bandhan Crisil IBX Gilt April 2032 Index Fund?
If you’re planning for the long-term, the Bandhan Crisil IBX Gilt April 2032 Index Fund is like planting a tree today, expecting it to grow potentially strong and tall by 2032. This fund aims to offer the security of government bonds with a set maturity date in April 2032. It’s an ideal option for investors seeking a relatively low-risk investment with potential growth over time. Let’s delve into what makes this target maturity fund a potential opportunity to achieve your long-term financial goals.
CRISIL, India’s leading provider of debt and hybrid indices, offers ratings, research, and advisory services to financial institutions. The Bandhan Crisil IBX Gilt April 2032 Index Fund tracks the CRISIL IBX Gilt Index, aiming to replicate its returns and provide potential income over the target maturity period.
Bandhan Crisil IBX Gilt April 2032 Index Fund is an open-ended target maturity fund that invests at least 95% of its corpus in government securities (GSecs) forming part of the CRISIL IBX Gilt Index - April 2032. These GSecs carry high-interest rate risk but low credit risk.
This fund is considered a moderately risky investment due to its exposure to high-interest rate risk. As an index fund, it is also subject to tracking errors. Additionally, target maturity funds may be affected by interest rate fluctuations, especially if not held until maturity.
This fund is not diversified, as it must invest at least 95% of its corpus in GSecs from the CRISIL IBX Gilt Index. Up to 5% can be allocated to money market instruments like treasury bills. This limited diversification may increase its risk profile.
- Min Investment 1,000
- Min SIP Amount 100
- Exit Load
Nil
Scheme is suitable for a 3 years + investment horizon
Tier 1 Benchmark : CRISIL IBX Gilt Index – April 2032Alternate Benchmark : Crisil 10 Year GOI
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Performance as on 31st October 2024
| Scheme Names | CAGR Returns (%) | Current value of Investment of 10,000 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1 year | 3 year | 5 year | 10 year | 16/02/2023 Since inception | 1 year | 3 year | 5 year | 10 year | 16/02/2023 Since inception | |
| Bandhan Crisil IBX Gilt April 2032 Index Fund - Regular Plan - Growth | 10.37 | N.A. | N.A. | N.A. | 8.82 | 11,040 | N.A. | N.A. | N.A. | 11,552 |
| 10.83 | N.A. | N.A. | N.A. | 9.22 | 11,086 | N.A. | N.A. | N.A. | 11,624 | |
| 10.67 | 5.60 | 5.44 | 6.91 | 8.87 | 11,070 | 11,777 | 13,037 | 19,512 | 11,561 | |
| ^ Tier 1 Benchmark | ^^ Alternate Benchmark | ^^^ Tier 2 Benchmark | ||||||||||
This fund is managed by Mr. Harshal Joshi (w.e.f 15/02/2023) & Mr. Gautam Kaul (w.e.f 15/02/2023)
View fund performance of other funds managed by Mr. Harshal Joshi, Mr. Gautam Kaul
Past performance may or may not be sustained in future.
Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.
Taxation:
For taxation, please refer the link : https://bit.ly/46xQzi1
Bandhan Crisil IBX Gilt April 2032 Index Fund
(Scheme Risk-o-meter)
CRISIL IBX Gilt Index – April 2032
(Tier 1 Benchmark Risk-o-meter)
This product is suitable for investors who are seeking* :
- Income over the target maturity period
- Investment in constituents of Crisil IBX Gilt Index - April 2032
Who Should Invest in a Crisil IBX Gilt April 2032 Index Fund?
This target maturity scheme is ideal for investors with a fixed investment horizon, aiming to earn potential income until April 2032.
Bandhan Crisil IBX Gilt index fund may be suitable for investors with a low to moderate risk appetite, as it primarily invests in GSecs like government bonds and treasury bills. Investors looking for a passive investment strategy may benefit from this CRISIL IBX index fund.
Investors looking for low to moderately risky investments in money market securities and GSecs may find this scheme suitable.
With 95% of its corpus invested in GSecs, this fund may not appeal to those seeking a diversified mutual fund.
This scheme is suitable for those looking to track and invest in the CRISIL IBX Gilt Index and its constituents.
FAQs on Bandhan Crisil IBX Gilt April 2032 Index Fund
How does Bandhan Crisil IBX Gilt April 2032 Index Fund work?
Bandhan Crisil IBX Gilt April 2032 Index fund invests in GSecs in the Crisil IBX Gilt index. The fund is mandated to track this index and invest 95% of its corpus in it.
What happens to Bandhan IBX Gilt April 2032 Index Fund after the maturity date?
Bandhan Crisil IBX Gilt April 2032 MF is a target maturity scheme. After 30th April 2032, the scheme will be terminated.
Can I withdraw from a target maturity fund before the maturity date?
Yes, investors can withdraw from target maturity funds at any time. However, by withdrawing before the maturity date the interest-rate risk may potentially increase.
Are Crisil Gilt Index funds risky?
Crisil gilt index funds are generally categorised as a low to moderately risky investment option as they invest in government securities. However, index funds may be vulnerable to tracking errors.
Does Bandhan Crisil IBX Gilt April 2032 Index Fund have a lock-in period?
No, Bandhan Crisil IBX Gilt April 2032 Index Fund does not have a lock-in period. Although it is a target maturity fund, investors can withdraw from the fund at any time.