New Bandhan Innovation Fund targets companies driving innovation

Hyderabad: Bandhan Mutual Fund has introduced the Bandhan Innovation Fund, an open-ended thematic fund aimed at investing in companies at the forefront of innovative breakthroughs. The fund is designed to target companies with significant R&D investment, high skilled-employee costs, potentially higher margins or growth, unique products or services, non-linear business models, and a notable brand presence.

The New Fund Offer (NFO) will be available from Wednesday, April 10, 2024, until Wednesday, April 24, 2024. Investors can participate in the Bandhan Innovation Fund through licensed mutual fund distributors, investment advisors, online platforms, or directly at https://bandhanmutual.com/nfo/bandhan-innovation-fund/.

Vishal Kapoor, CEO of Bandhan AMC, highlighted the significance of innovation in driving companies forward, especially in India's thriving innovation landscape. He noted the notable transformations across various sectors like finance, auto, technology, healthcare, entertainment, and retail.

Kapoor emphasized India's rising position in global innovation rankings, particularly in fields such as digital media, e-commerce, and electric vehicles. The Bandhan Innovation Fund is strategically crafted to leverage these pivotal shifts and offers investors an opportunity to participate in this wave of innovation-driven growth.

The investment strategy of the Bandhan Innovation Fund involves allocating funds across a range of innovators: 35-45% to Leading Innovators with substantial industry R&D investments, 35-45% to Rising Innovators leveraging innovation for a competitive edge, and 10-15% to Emerging Innovators disrupting markets with strong growth potential.

This fund is suited for investors with a long-term investment horizon and a higher risk appetite. It provides diversification in their satellite portfolio and the potential for generating alpha.