Share Market News: Bandhan Bank Launches Nifty Alpha 50 Index Fund, Everything To Know

30 Oct, 2023 Author: Ayushee Joshi

Mutual Funds: Looking at the data over the previous several years, Mutual Funds have provided strong returns to investors, resulting in increased trust in Mutual Funds year after year, and keeping this in mind, organisations are developing new Mutual Funds. Bandhan Bank has recently announced a new mutual fund, the Nifty Alpha 50 Index Fund. According to the firm, this new method would use a structured, quantitative-led procedure to give weights to equities based on alpha values, with alpha securities in the index receiving the most weight.

Bandhan Bank New Mutual Fund

This new mutual fund scheme is an open-ended index fund that will track the Alpha 50 index. It has been up for subscription since October 25 and will end on November 6. This scheme is an alpha factor-based fund that invests depending on the factors and criteria established by the fund company. Bandhan Nifty Alpha 50 Index Fund can be purchased through licensed mutual fund distributors, online, or directly.