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Bandhan Mutual Fund has launched Bandhan Nifty IT Index Fund, an open-ended equity scheme tracking Nifty IT index.
In a press release, Vishal Kapoor, CEO, Bandhan AMC said, “The Indian IT sector is at the forefront of global innovation, establishing itself as a technology powerhouse and a leading player in the global IT landscape. Over the years, the Nifty IT Index has generated healthy returns for its investors delivering 17% annual return over the last 10 years and outperforming major sectors. The valuation of the Nifty IT Index has eased over the last 18 months and is now closer to its historical average.”
The NFO opens on August 18 and closes on August 28.
