Bandhan Nifty200 Momentum 30 Index Fund - Direct Plan
An open-ended scheme tracking Nifty200 Momentum 30 Index
What is a Nifty 200 Momentum 30 Index Fund?
Similar to selecting top-performing students based on consistent high scores, the Nifty 200 Momentum 30 Index Fund picks the top-performing stocks from the Nifty 200 Index, based on recent performance. This allows you to invest in stocks currently showing strong upward trends.
The Bandhan Nifty 200 Momentum 30 Index Fund is an open-ended scheme tracking the top 30 high-momentum stocks from the Nifty 200 index. Stocks are selected based on their six- and twelve-month price returns, adjusted for volatility. The index weights each stock according to its momentum score and free-float market capitalisation.
The fund is mandated to invest at least 95% of its corpus in equities from the Nifty 200 Index, which includes mid- and large-cap stocks. This allows investors to diversify across two market capitalisations, though the fund remains a high-risk investment due to its equity focus.
As with most index funds, the Nifty 200 Momentum 30 Index Fund follows a strict mandate, reducing the likelihood of errors or biases in stock selection.
Taxation for the Nifty 200 Momentum 30 Index Fund follows standard index fund rules. Short-term capital gains (STCG) on units held for less than 12 months are taxed at 15%, while long-term capital gains (LTCG) above ₹1 lakh are taxed at 10%.
- Min Investment 1,000
- Min SIP Amount 100
- Exit Load
Nil
Scheme is suitable for a minimum investment horizon of 3 years
Tier 1 Benchmark : Nifty200 Momentum 30 TRIAlternate Benchmark : Nifty 50 TRI
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Performance as on 29th November 2024
| Scheme Names | CAGR Returns (%) | Current value of Investment of 10,000 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1 year | 3 year | 5 year | 10 year | 02/09/2022 Since inception | 1 year | 3 year | 5 year | 10 year | 02/09/2022 Since inception | |
| Bandhan Nifty 200 Momentum 30 Index Fund - Regular Plan - Growth | 37.02 | N.A. | N.A. | N.A. | 27.64 | 13,713 | N.A. | N.A. | N.A. | 17,292 |
| 39.51 | 20.66 | 26.09 | 20.45 | 29.77 | 13,964 | 17,574 | 31,913 | 64,403 | 17,944 | |
| 21.43 | 13.59 | 16.21 | 12.23 | 16.50 | 12,149 | 14,662 | 21,208 | 31,741 | 14,088 | |
| ^ Tier 1 Benchmark | ^^ Alternate Benchmark | ^^^ Tier 2 Benchmark | ||||||||||
This fund is managed by Mr. Nemish Sheth (w.e.f 02/09/2022)
View fund performance of other funds managed by Mr. Nemish Sheth
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 Nifty200 Momentum 30 Index Fund
(Scheme Risk-o-meter)
Nifty200 Momentum 30 TRI
(Tier 1 Benchmark Risk-o-meter)
This product is suitable for investors who are seeking* :
- To create wealth over a long term.
- Investment in equity and equity related instruments belonging to Nifty200 Momentum 30 Index.
Who Should Invest in Momentum Index Funds?
The Nifty 200 Momentum 30 Index Fund invests at least 95% in equities, making it ideal for investors seeking long-term wealth creation opportunities. It may not suit those with short-term goals or a focus on capital preservation.
Momentum mutual funds are high-risk investments, potentially suited for investors with higher risk tolerance. They are susceptible to tracking errors, credit risk, interest rate risk, and settlement risk.
The Nifty 200 Momentum 30 Index Fund aims to replicate, not outperform, the index. Investors looking for returns beyond the index may not find this fund suitable.
FAQs on Nifty200 Momentum 30 Index Funds
What is a momentum fund?
A momentum fund is an investment scheme that invests in momentum stocks. In India, the momentum score for each stock is based on the recent six-month and twelve-month price return that is adjusted for volatility.
What is the meaning of the Nifty 200 momentum 30 index?
The Nifty 200 Momentum 30 index tracks the performance of 30 high-momentum stocks as part of the Nifty 200 index. These stocks belong to large and mid-cap companies.
What are the benefits of momentum index funds?
Momentum index funds track a particular index. In India, the momentum score for each stock is based on the recent six-month and twelve-month price returns. These funds can thus adapt to market conditions. Moreover, investments in momentum funds may allow investors to diversify their portfolios and potentially mitigate risk. Lastly, momentum index funds returns may potentially be significant.
Are momentum index funds risky?
Like all mutual funds, momentum mutual funds are subject to certain risks; they are categorised as high-risk investment options. As an index fund, momentum funds are inherently vulnerable to tracking errors. The returns may also be impacted by a general decline in the stock market. Momentum funds are subject to credit risk, interest rate risk and settlement risk.
Is momentum investing for the long term?
Momentum funds are a suitable long-term investment option. Momentum funds attempt to invest in stocks, showing an upward trend in the long term. These funds are suitable for investors seeking long-term wealth creation.