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 December 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 December 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 : ₹ 164.62 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 : ₹ 165.07 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:
Standard Deviation (Annualized)

Standard deviation is a statistical measure of the range of an investment's performance. When a mutual fund has a high standard deviation, its means its range of performance is wide, implying greater volatility.

1.51%
Modified Duration

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

2.95 years
Average Maturity 3.49 years
Macaulay Duration 3.06 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.

7.47%
Expense Ratio
Regular0.41%
Direct0.16%
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 December 29, 2023
Plan Option Freq NAV
Regular Plan Growth - 10.7684
Regular Plan IDCW@ - 10.2111
@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 76.65%
7.33% Maharashtra SDL - 2027 SOV 17.51%
7.2% Maharashtra SDL - 2027 SOV 13.23%
7.18% Tamilnadu SDL - 2027 SOV 12.29%
7.28% Madhya Pradesh SDL - 2027 SOV 12.05%
7.25% Gujarat SDL - 2027 SOV 6.02%
6.2% Rajasthan SDL - 2027 SOV 5.83%
7.27% Tamilnadu SDL - 2027 SOV 3.62%
7.21% Tamilnadu SDL - 2027 SOV 3.01%
8.49% Andhra Pradesh SDL - 2027 SOV 2.73%
7.47% Chhattisgarh SDL - 2027 SOV 0.37%
Government Bond 18.22%
7.38% - 2027 G-Sec SOV 18.22%
Net Cash and Cash Equivalent 5.13%
Grand Total 100.00%



The scheme has been in existence for more than 1 year but less than 3 years or 5 years. Performance based on NAV as on 29/12/2023. Past performance may or may not be sustained in future. Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc. The performances given are of regular plan growth option. Click here for other funds managed by the fund manager and refer to the respective fund pages
Standard Deviation calculated on the basis of 1 year history of monthly data. Tracking Error of the Scheme is not computed owing to the short time frame (<3years) since launch of the Scheme. #Benchmark Returns. ##Additional Benchmark Returns. @Income Distribution and Capital Withdrawal. *Inception Date of Regular Plan - Growth Nov 24, 2022. @@If SIP day falls on a non-business day, the SIP transaction shall be processed on the next business day.



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


Click here to Know More

§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".