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Bandhan Mutual Fund has launched Bandhan Nifty 500 Value 50 Index Fund and Bandhan Nifty 500 Momentum 50 Index Fund.
These are open-ended index schemes tracking the Nifty 500 Value 50 Index and Nifty 500 Momentum 50 Index, respectively.
The Nifty 500 Value 50 Index focuses on 50 undervalued companies within the Nifty 500 universe, while the Nifty 500 Momentum 50 Index focuses on 50 stocks based on their strong recent performance trend.
In a press release, Vishal Kapoor, CEO, Bandhan AMC, said, “Factor Investing has gained considerable traction as it targets specific characteristics that have historically driven risk or returns. The Bandhan Nifty 500 Value 50 Index Fund aims to offer exposure to out-of-favour stocks trading below their intrinsic value and capitalise on their potential recovery. Meanwhile, the Bandhan Nifty 500 Momentum 50 Index Fund focuses on stocks with strong recent performance, with the expectation that the upward trend will persist in the short term.”
