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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

ETF/IndexInception Date:15/02/2023
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What is Bandhan Crisil IBX Gilt April 2032 Index Fund?

CRISIL or The Credit Rating Information Services of India Limited is India's leading debt and hybrid indices provider. Crisil provides ratings, risk, advisory, research, and other services to financial institutions and companies. These funds track certain indices and aim to replicate their returns and potentially provide income to investors over the target maturity period.

Bandhan Crisil IBX Gilt April 2032 Index Fund is an open-ended target maturity index fund that invests in the Crisil IBX Gilt Index - April 2032. The fund invests at least 95% of its corpus in GSecs, forming part of the CRISIL IBX Gilt Index - April 2032. These GSecs have a relatively high-interest rate risk and low credit risk.

Bandhan Crisil IBX Gilt April 2032 Index fund is a moderately risky investment option. However, as an index fund, it is subject to tracking errors. The fund invests in securities with a high interest-rate risk, potentially increasing risk. Additionally, target maturity funds may be vulnerable to interest-rate risk as interest rate movements may potentially affect the investment if the fund is not held till maturity.

Bandhan Crisil IBX Gilt April 2032 Index fund is not a diversified investment option. According to the mandate, it must invest at least 95% of its corpus in GSecs forming a party of the Crisil IBX Gilt Index. Up to 5% of the fund’s corpus may be invested in money market instruments such as treasury bills and government securities. Due to the lack of diversification, the fund may be moderately risky.

  • Min Investment 1,000
  • Min SIP Amount 100
  • Exit Load

    Nil

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Annualised Returns(as on 30th Jun, 2024)6.97%1yrN.A.3yrN.A.5yr
NAV 11.2017 as on 10/07/20241 Day Change: 0.01(0.07%)

Scheme is suitable for a 3 years + investment horizon 

Tier 1 Benchmark : CRISIL IBX Gilt Index – April 2032Alternate Benchmark : Crisil 10 Year GOI

Performance as on 28th June 2024

Scheme NamesCAGR Returns (%)Current value of Investment of 10,000
1 year3 year5 year10 year16/02/2023 Since inception1 year3 year5 year10 year16/02/2023 Since inception
Bandhan Crisil IBX Gilt April 2032 Index Fund - Regular Plan - Growth6.97N.A.N.A.N.A.8.3410,699N.A.N.A.N.A.11,155
7.41N.A.N.A.N.A.8.7310,743N.A.N.A.N.A.11,210
6.904.165.507.038.4710,69211,30213,07619,73411,173
^ 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/3spfzbo

Bandhan Crisil IBX Gilt April 2032 Index Fund

(Scheme Risk-o-meter)

Investors understand that their principal will be at Moderate Risk.

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?

Bandhan Crisil IBX Gilt April 2032 Index Fund is a target maturity scheme. Target maturity schemes may be suitable for investors with a fixed investment horizon seeking to potentially earn income until the specified period.

Bandhan Crisil IBX Gilt index fund may be suitable for investors with a low to moderate risk appetite as they invest predominantly in GSecs such as government bonds and treasury bills.

Investors seeking a passive investment option may potentially benefit from this Crisil IBX index fund.

Investors seeking to invest in low-to moderately risky, money market securities and Gsecs may potentially benefit from this scheme.

This mutual fund is mandated to invest 95% of its corpus in Gsecs; investors seeking a diversified mutual fund may not benefit from this Crisil IBX MF.

Investors seeking to track and invest in the Crisil IBX Gilt Index and its constituents may be suitable for this scheme.

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.

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.