What is the Nifty Bank Index?
- The Nifty Bank Index includes a few of the largest and most liquid banking stocks listed on the NSE.
- The index covers key players in the banking industry, across both private and public sector banks.
- It reflects the banking sector’s health and performance.
The image used is for illustration purpose only
Source/Disclaimer- NSE. Data as of 30th June 2024. Macroeconomic sector and size classification based on AMFI classification. The sectors /stocks mentioned above are for illustration purposes only and should not be used for the development/implementation of investment strategy. The sectors/stock may or may not be part of our portfolio/scheme/strategy. It may not be construed as an investment advice to any party
Why the Nifty Bank Index Deserves Your Attention?
As our economy continues to accelerate, banks are likely to achieve increased profitability.
Once burdened by high NPAs and low profitability, banks have transformed through government.
Banks are now well-capitalised with lower NPAs and record profitability, positioning them to fuel India’s economic growth.
#1 Comprehensive Market Coverage
The index includes 12 banking stocks, with private banks comprising 85% of the weight and public banks making up the remainder.
Source/Disclaimer- NSE. Data as of 30th June 2024. Macroeconomic sector and size classification based on AMFI classification. The sectors /stocks mentioned above are for illustration purposes only and should not be used for the development/implementation of investment strategy. The sectors/stock may or may not be part of our portfolio/scheme/strategy. It may not be construed as an investment advice to any party.
#2 Strong Track Record
On a rolling return basis, across periods the index has seen a 2% outperformance to Nifty 50.
Source/Disclaimer- NSE. Data as of the end of 01st April 2005 to 30th June 2024. Performance results may have inherent limitations and representation is being made that any Investor will or is likely to achive. Past performance may or may not be sustained in the future.
#3 Relatively Attractive Valuations
The index is currently trading at a discount to its 10-year average PE, offering reasonable valuations.
Source/Disclaimer- NSE. Data as of the end of 01st April 2005 to 30th June 2024. Performance results may have inherent limitations and no representation is being made that any investor will or is likely to achieve. Past performance may or may not be sustained in the future.
Consider investing in this fund if…
You're seeking diversification in your investment portfolio for potential alpha generation.
You're interested in a long-term commitment to the banking sector, particularly through SIP.
You have a higher risk tolerance in pursuit of potentially greater returns.
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Make an informed decision. Learn more about investing in Bandhan Nifty Bank Index Fund
Fund Facts
Type of Scheme
An open-ended scheme tracking Nifty Bank Index
NFO Period
08th August to 22nd August 2024
Benchmark
Nifty Bank Index
Fund Manager
Mr. Nemish Sheth
Minimum Investment
During New Fund Offer
₹ 1,000
And in multiples of Rs. 1/- thereafter
Exit Load
0.25% if redeemed on or before 15 days from the allotment date
Nil if redeemed after 15 days from the allotment date
Plans/Options
Regular/Direct Plan: Growth Option
Investment Objective
The investment objective of the Scheme is to replicate the Nifty Bank Index by investing in securities of the Nifty Bank Index in the same proportion/weightage with an aim to provide returns before expenses that track the total return of the Nifty Bank Index, subject to tracking errors.
However, there is no assurance or guarantee that the objectives of the scheme will be realized and the scheme does not assure or guarantee any returns.
Fund Manager
Nemish Sheth
Associate Vice President – EquitiesBandhan AMC Limited
Mr. Nemish Sheth is a Fund Manager at Bandhan AMC (Erstwhile IDFC AMC) since November 2021. He comes with an experience of over a decade in fund management and Dealing in Equity, Derivatives, and Passive Funds. His prior stint includes Nippon AMC and ICICI Prudential AMC, as Dealer for Equity, Derivative and Passive Funds. Mr. Sheth completed his post-graduation in Management Studies with a specialization in Finance from IES Management College (Mumbai).
Product info
Bandhan Nifty Bank Index Fund
(An open-ended scheme tracking Nifty Bank Index)
This product is suitable for investors who are seeking*:
- To create wealth over long term.
- Investment in equity and equity related instruments belonging to Nifty Bank Index.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
