Bandhan Mutual Fund Launches Bandhan Nifty IT Index Fund For IT Sector
Bandhan Mutual Fund has launched a new investment fund called the Bandhan Nifty IT Index Fund. This fund is designed to track the performance of the Nifty IT index, which represents the Indian Information Technology (IT) sector.
The IT sector in India is growing rapidly and has been a major driver of the country’s economy. It has revolutionized various industries such as banking, finance, education, healthcare, communication, entertainment, automobiles, and e-commerce.
The Bandhan Nifty IT Index Fund offers investors a convenient and cost-effective way to benefit from the opportunities in the IT sector over the long term.
The fund will be open for investment from August 18 to August 28, and investors can participate through licensed mutual fund distributors, online platforms, or directly on the Bandhan Mutual Fund website.
Vishal Kapoor, the CEO of Bandhan AMC, highlighted the potential of the Indian IT sector, stating that it is a global leader in innovation and has consistently delivered healthy returns to investors.
The Nifty IT index has generated an average annual return of 17% over the past 10 years, outperforming other major sectors.
Additionally, the valuation of the Nifty IT index has become more reasonable in recent months, making it an attractive investment opportunity.
Investors should also consider that companies in the IT sector score well on Environment, Social, and Governance (ESG) factors.
This means that they prioritize sustainability, social responsibility, and good corporate governance practices. In fact, five out of the top 10 ESG companies in India are from the IT sector.
Bandhan Mutual Fund aims to help savers become investors and create wealth. They offer a range of investment products across equities, fixed income, and hybrid funds.
The fund house has a strong presence in over 60 cities and serves investors in more than 790 locations in India.
They pride themselves on simplicity, transparency, innovation, and customer-centricity, and currently serve over a million investors.
The Bandhan Nifty IT Index Fund will provide another option for investors to participate in the growth potential of the Indian IT sector.
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India’s Information Technology sector has been a leading player in global innovation and has a track record of delivering strong returns.