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Bandhan MF has launched Bandhan Nifty Alpha 50 Index Fund, an alpha factor-based open-ended scheme. The scheme aims to leverage investment opportunities across segments by investing in stocks that generated relatively higher returns than the market over the last one year.
Sharing the rationale behind the launch, Vishal Kapoor, CEO, Bandhan MF said in a press release, “Traditional passive funds are designed to mimic their benchmark and thus offer broad market-based returns. Bandhan Nifty Alpha 50 Index Fund aims to generate outperformance by selecting stocks with specific factors that produce potentially higher risk-adjusted returns compared to the market.”
He further said, “Savvy investors seeking to add an aggressive strategy to their portfolio could include Bandhan Nifty Alpha 50 Index Fund, to enhance the growth potential of the portfolio.”
Bandhan Nifty Alpha 50 Index Fund opens for subreptions on October 25, 2023 and closes on November 06, 2023.
