Bandhan Mutual Fund files draft for multi asset allocation fund

Bandhan Mutual Fund has filed a draft for a multi asset allocation fund. Bandhan Multi Asset Allocation Fund will be an open-ended scheme investing in equity and equity-related instruments, debt and money market securities, and gold/silver index/ETFs.

The scheme will be benchmarked against 35% S&P BSE 500 TRI + 55% NIFTY Short Duration Debt Index + 10% Domestic prices of gold.

The scheme will be managed by Vijay Kulkarni (equity investments), Nemish Sheth (equity investments), Gautam Kaul (debt investments), and Nishita Shah (overseas investments).


According to the scheme information document, the investment objective of the scheme is to generate income and provide long-term capital appreciation by investing in instruments across multiple asset classes namely equity and equity related instruments, debt and money market securities, and gold/silver index/ETFs.

The scheme will have regular and direct plans with growth and IDCW options.

The minimum application amount will be Rs 1,000 and in multiples of Re 1 thereafter.

The minimum application amount for SIP will be Rs 100 and in multiple of Re 1 thereafter with six instalments. The scheme will offer SIP facility with weekly, monthly, and quarterly frequencies.

The scheme will allocate 10 -80% in equity and equity related instruments, 10 -80% in debt securities and money market instruments, 10-50% in gold/silver related instruments including ETFs/ index funds, sovereign gold deposit schemes and any other mode of investment in commodities as permitted by SEBI from time to time, and 0-10% in units issued by REITs and InvITs.

The scheme will be suitable for investors who are seeking to generate long-term capital growth and income. The principal invested in this scheme will be at moderately high risk as per the riskometer of the scheme.