Bandhan CRISIL IBX 90:10 SDL Plus Gilt - September 2027 Index Fund§

An open-ended Target Maturity Index Fund investing in constituents of CRISIL IBX 90:10 SDL plus Gilt Index - September 2027 with Relatively High Interest Rate Risk and Relatively Low Credit Risk

31st July 2023

Bandhan CRISIL IBX 90:10 SDL Plus Gilt - September 2027 Index Fund§

An open-ended Target Maturity Index Fund investing in constituents of CRISIL IBX 90:10 SDL plus Gilt Index - September 2027 with Relatively High Interest Rate Risk and Relatively Low Credit Risk

31st July 2023

About the Fund: This Target Maturity Index Fund aims to provide the investment returns corresponding to the total returns of the securities as represented by the CRISIL IBX 90:10 SDL plus Gilt Index - September 2027 before expenses, subject to tracking errors. The scheme will terminate on 30th September 2027.
Category: Index Fund
Monthly Avg AUM : ₹ 154.17 Crores

AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm.

Monthly end AUM : ₹ 154.85 Crores

AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm.

Inception Date: 24 November, 2022
Fund Manager :

An employee of the asset management company such as a mutual fund or life insurer, who manages investments of the scheme. He is usually part of a larger team of fund managers and research analysts.

Mr. Gautam Kaul & Mr. Harshal Joshi
Other Parameter:
Modified Duration

Modified duration is the price sensitivity and the percentage change in price for a unit change in yield

3.32 years
Average Maturity 3.96 years
Macaulay Duration 3.44 years
Yield to Maturity

The Yield to Maturity or the YTM is the rate of return anticipated on a bond if held until maturity. YTM is expressed as an annual rate. The YTM factors in the bond's current market price, par value, coupon interest rate and time to maturity.

7.40%
Expense Ratio
Regular0.40%
Direct0.15%
Benchmark: CRISIL IBX 90:10 SDL plus Gilt Index - September 2027
SIP (Minimum Amount): ₹ 100/- and in multiples of Re.1 thereafter
SIP Frequency: Monthly/Quarterly (w.e.f. 09-11-2022)
SIP Dates (Monthly/Quarterly)@@: Investor may choose any day of the month except 29th, 30th and 31st as the date of installment.
Investment Objective: Click here
Minimum Investment Amount : ₹ 1,000/- and in multiples of Re. 1/- thereafter
Option Available: Growth & Income Distribution cum capital withdrawal Option (Payout, Reinvestment or Sweep facility).
Exit Load :

Exit load is charged at the time an investor redeems the units of a mutual fund. The exit load is deducted from the prevailing NAV at the time of redemption. For instance, if the NAV is ₹ 100 and the exit load is 1%, the redemption price would be ₹ 99 per unit.

Nil
NAV (₹) as on July 31, 2023
Plan Option Freq NAV
Regular Plan Growth - 10.4933
Regular Plan IDCW@ - 10.4934
@Income Distribution and Capital Withdrawal
@@If SIP day falls on a non-business day, the SIP transaction shall be processed on the next business day.


NameRating% of NAV
State Government Bond 80.66%
7.33% Maharashtra SDL - 2027 SOV 18.73%
7.18% Tamilnadu SDL - 2027 SOV 13.14%
7.28% Madhya Pradesh SDL - 2027 SOV 12.89%
7.2% Maharashtra SDL - 2027 SOV 12.86%
7.25% Gujarat SDL - 2027 SOV 6.44%
6.2% Rajasthan SDL - 2027 SOV 6.21%
7.27% Tamilnadu SDL - 2027 SOV 3.87%
7.21% Tamilnadu SDL - 2027 SOV 3.22%
8.49% Andhra Pradesh SDL - 2027 SOV 2.92%
7.47% Chhattisgarh SDL - 2027 SOV 0.39%
Government Bond 16.14%
7.38% - 2027 G-Sec SOV 16.14%
Net Cash and Cash Equivalent 3.20%
Grand Total 100.00%



Note: Simple annualized returns have been provided as per the extant guidelines since the scheme has completed 6 months but not 1 year. However, such returns may not be representative. Absolute return of the Scheme for the 6 month period is 3.75%.
Other parameters relating to performance and SIP are not disclosed as the fund has not completed 1 year.
"Where the scheme has been in existence for less than six months past performance shall not be provided. Further, if the scheme has been in existence for more than six months but less than one year, then simple annualized growth rate of the scheme for the past 6 months from the last day of month-end preceding the date of advertisement shall be provided."
Click here for other funds managed by the fund manager and refer to the respective fund pages



Scheme risk-o-meter

Investors understand that their principal will be at Moderate risk

This product is suitable for investors who are seeking*

  • Income over the target maturity period.
  • Investment in constituents of CRISIL IBX 90:10 SDL plus Gilt Index - September 2027.

* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Benchmark risk-o-meter

CRISIL IBX 90:10 SDL plus Gilt Index - September 2027



Disclaimer: There is no assurance or guarantee that the objectives of the scheme will be realised.
§With effect from 13th March 2023, the name of "IDFC CRISIL IBX 90:10 SDL Plus Gilt- September 2027 Index Fund" has changed to "Bandhan CRISIL IBX 90:10 SDL Plus Gilt- September 2027 Index Fund".