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Bandhan Mutual Fund has launched Bandhan Financial Services Fund, an open-ended equity scheme that will invest in the financial services sector.
In a press release, Vishal Kapoor, CEO, Bandhan MF said, “A significant portion of India’s economic growth is fueled by the financial services sector. Powerful enablers like increasing financial inclusion, growing digitization and the relatively stronger balance sheet of banks and NBFCs provide visibility for strong earnings growth for this sector. It has been a key driver of returns for the capital market with the financial services index growing 18X since inception compared to 10X for the Nifty 500 Index. The fund will go beyond the traditional banking sector by diversifying further with investments in capital markets, NBFCs, insurance, and fintech.”
Sumit Agrawal will manage this fund. The fund manager will use a 3-factor model for stock selection - earnings trajectory, management quality and competitive positioning.
