Mutual Funds

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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

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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

The Bank presently distributes Mutual Fund Schemes of all approved Asset Management Companies (AMC’s) as an AMFI - registered Mutual Fund Distributor, bearing ARN No – 121232 And the list may be decided from time to time. The current list of AMC’s whose scheme are distributed by the Bank are listed below.

Partners:

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
Bandhan 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 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.