Mutual Funds
Mutual Funds – A collective pool of money contributed by several investors and managed by a professional fund manager.
- Ideal for investors who do not have the knowledge or time to invest in stock markets directly
- Managed by a professional team of Fund Managers & analysts with requisite expertise and skills
- Flexibility to invest one time or at regular intervals (as Systematic Investment Plan – SIP)
- Diversification of investments through asset allocation
- Tax benefits
Systematic Investment Plan (SIP) – A SIP allows an investor to invest regularly where they can put in a small amount every month that is invested in a mutual fund at pre-defined intervals like Daily/Weekly/Monthly/Quarterly or Annual.
- Flexibility to invest with small amounts and start early investments
- Power of Compounding – This essentially means 'adding interest on interest,' i.e., the amount of money invested will generate earnings from both the initial principal amount and the accrued interest from the preceding compounding period
- Rupee Cost Averaging – A fixed amount of money gets invested at regular intervals irrespective of whether the markets are going high or low. This ensures that one would buy more units when the markets are low and lesser units when they are high
Types of Mutual Funds
As per SEBI guidelines on categorisation and rationalisation, Mutual Fund Scheme are broadly classified as below:
Equity Schemes:
- Primarily invests in equities and equity-related investments
- Suitable for investors with higher risk appetite and longer investment horizon
Debt Schemes:
- Primarily invests in bonds or other debt securities and hence ideal for investors looking for regular income generation and capital preservation
- Investment can be in short term and long term debt securities issued by Govt, public financial institutions, or private limited companies
Hybrid Schemes:
- Invests in a mix of equities and debt securities
- Equity-oriented hybrid schemes are ideal for investors looking for growth and some stability
- Debt-oriented hybrid schemes are suitable for conservative investors looking for a small boost in returns
Solution-Oriented Schemes:
- Close-ended funds with a lock-in period of 5 years
- Ideal for investors with a longer investment horizon and with a specific goal or objective in mind, such as retirement planning, child education, child marriage, etc.
Other Schemes:
- These are schemes that invest in various sectors, ETFs, Index, international markets, etc.
- Ideal for high risk-takers who are well versed with the investment style of the scheme
Names of Mutual Funds
With reference to SEBI/AMFI/RBI/Others on categorization and rationalization of Mutual Fund Schemes, The Bank presently distributes the following Mutual Fund Schemes from its branches in Metro, Urban and select Semi-Urban locations.
Hybrid
|
Name of the Fund |
Category |
|---|---|
|
ICICI Prudential Equity and Debt Fund |
Aggressive Hybrid |
| SBI Equity Hybrid Fund | Aggressive Hybrid |
| HDFC Hybrid Equity Fund | Aggressive Hybrid |
|
ICICI Prudential Balanced Advantage Fund |
Dynamic Asset Allocation/Balanced Advantage Fund |
|
HDFC Balanced Advantage Fund |
Dynamic Asset Allocation/Balanced Advantage Fund |
|
Nippon India Balanced Advantage Fund |
Dynamic Asset Allocation/Balanced Advantage Fund |
|
SBI Balanced Advantage Fund |
Dynamic Asset Allocation/Balanced Advantage Fund |
| Kotak Balanced Advantage Fund | Dynamic Asset Allocation/Balanced Advantage Fund |
Equity
| Name of the Fund | Category |
|---|---|
|
Mirae Asset Emerging Bluechip Fund |
Equity Large & Midcap |
|
HDFC Flexi Cap Fund |
Equity Flexi Cap |
|
Kotak Flexicap Fund |
Equity Flexi Cap |
|
SBI Flexicap Fund |
Equity Flexi Cap |
|
UTI Flexi Cap Fund |
Equity Flexi Cap |
|
Aditya Birla Sun Life Flexi Cap Fund |
Equity Flexi Cap |
| Axis Flexi Cap Fund | Equity Flexi Cap |
|
Axis Bluechip Fund |
Equity Large Cap |
|
SBI Blue Chip Fund |
Equity Large Cap |
|
UTI Mastershare Unit Scheme |
Equity Large Cap |
|
Mirae Asset Large Cap Fund |
Equity Large Cap |
|
HDFC Top 100 Fund |
Equity Large Cap |
| ICICI Prudential Bluechip Fund | Equity Large Cap |
|
Kotak Emerging Equity Fund |
Equity Mid Cap |
|
Axis Midcap Fund |
Equity Mid Cap |
| Nippon India Growth Fund | Equity Mid Cap |
| UTI Value Opportunities Fund | Equity Value |
| Nippon India Value Fund | Equity Value |
| Aditya Birla Sun Life Pure Value Fund | Equity Value |
| ICICI Prudential Value Discovery Fund | Equity Value |
| Axis Long Term Equity Fund | ELSS |
| Mirae Asset Tax Saver Fund | ELSS |
| UTI Nifty Index Fund | Other Index Fund |
| SBI Multicap Fund | Multi-Cap Category |
| HDFC Multicap Fund | Multi-Cap Category |
| Nippon India Arbitrage Fund | Arbitrage |
| Kotak Equity Arbitrage Fund | Arbitrage |
Debt
| Name of the Fund | Category |
|---|---|
|
ICICI Prudential All Seasons Bond Fund |
Dynamic Bond |
| ICICI Prudential Savings Fund | Low Duration |
| SBI Magnum Ultra Short Duration Fund | Ultra Short Duration |
Partners:
Currently, Bandhan Bank distributes Schemes of the following Mutual Fund companies:
- ICICI Prudential Mutual Fund
- HDFC Mutual Fund
- Aditya Birla Sun Life Mutual Fund
- UTI Mutual Fund
- Kotak Mutual Fund
- Nippon India Mutual Fund
- Axis Mutual Fund
- SBI Mutual Fund
- Mirae Asset Mutual Fund
- Franklin Templeton Mutual Fund
To view Scheme Information Document of AMC click here (SID)
To view Statement of Additional Information of AMC click here (SAI)
To view Key Information Memorandum of AMC click here (KIM)
View Commission disclosure here
View the complete commission disclosure of our partners below. This is on a best effort basis, rates are updated as, and when actual rates are received from AMCs
- Resident Individual, Resident Minor, NRI, HUF, Sole Proprietor, Pvt Ltd Company
- Resident Individual must be:
- Existing Bandhan Bank account holder as customer ID is mandatory
- KYC & FATCA compliant
*Conditions apply - For a Resident Minor Guardians KYC will be required
Notification:
W.e.f. January 1, 2011, all categories of investors in Mutual Funds are required to comply with KYC norms.
With effect from 1st January 2011, any investor (all applicants in a folio) investing into mutual funds through the Investment Services Account would be required to be KYC compliant without which the transactions may be liable to be rejected by the respective mutual fund houses.
Click here to know more about KYC.
