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Bandhan Mutual Fund has launched Bandhan Nifty Total Market Index Fund, an open-ended index scheme tracking the Nifty Total Market Index.
Nifty Total Market TRI tracks 750 stocks across large-cap, mid-cap, small-cap and micro-cap segments, covering 95% of the listed market universe. It includes 1 to 100 large-cap stocks, 101 to 250 mid-cap stocks, 251 to 500 small-cap stocks and 501 to 750 micro-cap stocks.
In a press release, Vishal Kapoor, CEO, Bandhan AMC said, “The total market fund concept has gained global popularity for its simplicity and broad coverage, with some of the largest ETFs in the world now being Total Market Funds. The Nifty Total Market Index has significantly outperformed the Nifty 50 with better risk-adjusted returns of 3.77 vs. 0.88 over one year and similar outperformance over 3, 5, and 10 years. The fund offers comprehensive market participation across all sectors and market caps, making it a valuable addition for investors looking to benefit from India's economic success."
