SCHEME INFORMATION DOCUMENT

SECTION I

Bandhan Nifty Alpha 50 Index Fund

(An open-ended scheme tracking Nifty Alpha 50 Index)

Product Label
This product is suitable for Scheme Riskometer Benchmark Riskometer
investors who are seeking*: As per AMFI Tier I Benchmark
• To create wealth over a long i.e.: Nifty Alpha 50 TRI
term
• Investment in equity and
equity related instruments
belonging to Nifty Alpha 50
Index.

*Investors should consult their

financial advisers if in doubt
about whether the product is
suitable for them

Continuous offer for Units at NAV based prices

Scheme Code : BNDN/O/E/EIN/23/07/0066

Name of Mutual Fund Bandhan Mutual Fund (formerly IDFC Mutual Fund)
Name of Asset Bandhan AMC Limited (formerly IDFC Asset Management
Management Company Company Limited)
Name of Trustee Bandhan Mutual Fund Trustee Limited (formerly IDFC AMC
Company Trustee Company Limited)
Addresses of the entities 6th Floor, One World Centre, Jupiter Mills Compound, 841, Senapati
Bapat Marg, Mumbai – 400013
Website www.bandhanmutual.com

The particulars of the Scheme have been prepared in accordance with the Securities and
Exchange Board of India (Mutual Funds) Regulations 1996, (herein after referred to as SEBI
(MF) Regulations) as amended till date and circulars issued thereunder filed with SEBI,
along with a Due Diligence Certificate from the AMC. The units being offered for public
subscription have not been approved or recommended by SEBI nor has SEBI certified the
accuracy or adequacy of the Scheme Information Document.

The Scheme Information Document sets forth concisely the information about the scheme that a
prospective investor ought to know before investing. Before investing, investors should also ascertain
about any further changes to this Scheme Information Document after the date of this Document from
the Mutual Fund / Investor Service Centres / Website / Distributors or Brokers.

The investors are advised to refer to the Statement of Additional Information (SAI) for
details of Bandhan Mutual Fund, Standard Risk Factors, Special Considerations, Tax and Legal
issues and general information on www.Bandhanmutual.com (website address).
 SAI is incorporated by reference (is legally a part of the Scheme Information Document). For
a free copy of the current SAI, please contact your nearest Investor Service Centre or log on
to our website.
The Scheme Information Document (Section I and II) should be read in conjunction with the
SAI and not in isolation.

This Scheme Information Document is dated June 28, 2024.

PART I. HIGHLIGHTS/SUMMARY OF THE SCHEME

Sr. Title Description

No.
I. Name of the Bandhan Nifty Alpha 50 Index Fund
scheme
II. Category of the Index Fund
Scheme
III. Scheme type An open ended scheme tracking Nifty Alpha 50 Index
IV. Scheme code BNDN/O/E/EIN/23/07/0066

V. Investment The investment objective of the Scheme is to replicate the Nifty Alpha 50 Index
objective by investing in securities of the Nifty Alpha 50 Index in the same proportion /
weightage with an aim to provide returns before expenses that tracks the total
return of Nifty Alpha 50 Index, subject to tracking errors.

However, there is no assurance or guarantee that the objectives of the scheme

will be realized and the scheme does not assure or guarantee any returns.
VI. Liquidity/ Units of the Scheme may be purchased or redeemed on all Business Days at
listing details NAV based prices subject to the prevailing load structure. The units of the
Scheme are presently not listed on any stock exchange. Investors having a bank
account with Banks whom the Fund has an arrangement from time to time can
avail of the facility of direct debit/credit to their account for purchase/sale of
their units.

The Fund shall dispatch the redemption proceeds within 3 (three) working days
from the date of acceptance of duly filled in redemption request at any of the
official point of acceptance of transactions. Further, the investor may note that
in case of exceptional scenarios as prescribed by AMFI vide its communication
no. AMFI/ 35P/ MEM-COR/ 74 / 2022-23 dated January 16, 2023 read with
clause 14.2 of SEBI Master Circular dated May 19, 2023 (SEBI Master
Circular), the AMC might follow the additional timelines as prescribed. In case
the Redemption proceeds are not made within 3 working Days of the date of
redemption or repurchase, interest will be paid @15% per annum or such other
rate from the 4th day onwards, as may be prescribed by SEBI from time to time.

The Scheme is an open ended scheme, sale and repurchase is available on a

continuous basis and therefore the Units of the Scheme are presently not
proposed to be listed on any stock exchange. However, the Fund may at its sole
discretion list the Units under the Scheme on one or more Stock Exchanges at
a later date, and thereupon the Fund will make a suitable public announcement
to that effect.
VII. Benchmark Nifty Alpha 50 TRI
(Total Return
Index)
VIII. NAV disclosure NAV will be determined for every Business Day except in special
circumstances. NAV will be calculated upto four decimal places. NAV of the
Scheme shall be made available on the website of AMFI (www.amfiindia.com)
and the Mutual Fund (www.Bandhanmutual.com) by 11.00 p.m. on all business
days. The NAV shall also be available on the Toll Free Number -1800-300-
66688/1-800-2666688 and on the website of the Registrar and Transfer Agent
CAMS (www.camsonline.com).
Sr. Title Description
No.
In case the NAV is not uploaded by 11.00 p.m it shall be explained in writing
to AMFI for non adherence of time limit for uploading NAV on AMFI’s
website. If the NAVs are not available before the commencement of business
hours on the following day due to any reason, the Mutual Fund shall issue a
press release giving reasons and explaining when the Mutual Fund would be
able to publish the NAV.
IX. Applicable Timeline for Dispatch of redemption proceeds: The Fund shall dispatch the
timelines redemption proceeds within 3 (three) working days from the date of acceptance
of duly filled in redemption request at any of the official point of acceptance of
transactions. Further, the investor may note that in case of exceptional scenarios
as prescribed by AMFI vide its communication no. AMFI/ 35P/ MEM-COR/
74 / 2022-23 dated January 16, 2023 read with clause 14.2 of SEBI Master
Circular dated May 19, 2023 (“SEBI Master Circular”), the AMC might
follow the additional timelines as prescribed. In case the Redemption proceeds
are not made within 3 working Days of the date of redemption or repurchase,
interest will be paid @15% per annum or such other rate from the 4th day
onwards, as may be prescribed by SEBI from time to time.

Timeline for Dispatch of IDCW: The Fund shall dispatch the IDCW warrant
to the unitholders shall be made within seven working days from the record
date. The record date shall be two working days from the issue of public notice,
wherever applicable, for the purpose of payment of dividend.
X. Plans and The Scheme has two Plans - Regular Plan & Direct Plan, with a common
Options portfolio and separate NAVs.
Plans/Options
and sub options Each of the Plans offer Growth & Income Distribution cum Capital Withdrawal
under the Option^. IDCW Option under both the Plan(s) offer Payout of IDCW option,
Scheme Reinvestment of IDCW option & Transfer of IDCW option (from Equity
Schemes to Debt Schemes Only).
^the amounts can be distributed out of investors capital (Equalization Reserve),
which is part of sale price that represents realized gains.

Default Plan / Option

In case of valid applications received without indicating any choice of Option,
it will be considered as option for Growth option and processed accordingly. In
case of valid application received without indicating any choice of Payout of
IDCW, Reinvestment of IDCW & Transfer of IDCW, it will be considered as
option for Reinvestment of IDCW and processed accordingly.

Treatment of applications under "Direct" / "Regular" Plans:

Broker Code
Plan mentioned by Default Plan to be
Scenario mentioned by the
the investor captured
investor
1 Not mentioned Not mentioned Direct Plan
2 Not mentioned Direct Direct Plan
3 Not mentioned Regular Direct Plan
4 Mentioned Direct Direct Plan
5 Direct Not Mentioned Direct Plan
6 Direct Regular Direct Plan
Sr. Title Description
No.
7 Mentioned Regular Regular Plan
8 Mentioned Not Mentioned Regular Plan

AMC shall ensure that before accepting any business from any MFD, such a
MFD is duly empaneled with the AMC. Transactions received, if any, from /
under the ARN of a non-empaneled MFD may be processed under Direct Plan,
with prompt intimation to the non-empaneled MFD, and the investor.

In cases of wrong/ incomplete ARN codes mentioned on the application form,

the application shall be processed under Regular Plan. The AMC shall contact
and obtain the correct ARN code within 30 calendar days of the receipt of the
application form from the investor/ distributor. In case, the correct code is not
received within 30 calendar days, the AMC shall reprocess the transaction
under Direct Plan from the date of application without any exit load.

Further in case of transactions received from Invalid ARN, the AMC shall
follow the guidelines provided in AMFI Best Practise circular dated February
2, 2024
XI. Load Structure Exit Load:
Nil
XII. Minimum Particulars Details
Application Fresh Purchase (including Rs. 1000/- and in multiples of Re. 1/-
Amount/ switches) thereafter
switch in SIP Rs. 100/- and in multiples of Re. 1 thereafter
[Minimum 6 installments]
SWP Rs. 200/- and any amount thereafter
STP (in) Rs. 500/- and any amount thereafter
XIII. Minimum Additional Purchases Rs. 1000/- and in multiples of Re. 1/-
Additional (including switches) thereafter
Purchase
Amount
XIV. Minimum Repurchase/Redemption Rs. 500/- or the account balance of the
Redemption/ investor, whichever is less
switch out
amount
XVII. Segregated The AMC may create segregated portfolio of debt and money market
portfolio/ side instruments in a mutual fund scheme in case of a credit event / actual default
pocketing and to deal with liquidity risk.
disclosure
In this regard, the term ‘segregated portfolio’ shall mean a portfolio comprising
of debt or money market instrument affected by a credit event / actual default
that has been segregated in a mutual fund scheme and the term ‘main portfolio’
shall mean the scheme portfolio excluding the segregated portfolio. The term
‘total portfolio’ shall mean the scheme portfolio including the securities
affected by the credit event / actual default. For details Please refer to SAI
XVIII Swing pricing Being an Index scheme, swing pricing provision is not applicable.
disclosure
XIX. Stock lending/ The Scheme may participate in securities lending as permitted under the
short selling Regulations, from time to time.
The Scheme may engage in short selling of securities in accordance with the
framework relating to short selling and securities lending and borrowing
Sr. Title Description
No.
specified by SEBI. For details please refer to SAI.

XX. How to Apply Investor can obtain application form / Key Information Memorandum (KIM)
from Bandhan AMC branch offices, Investor services centers and RTA’s
(CAMS) branch office. Investors can also download application form / Key
Information Memorandum (KIM) from our website
(www.Bandhanmutual.com) Please refer section II for details. The list of the
Investor Service Centres (ISCs)/Official Points of Acceptance (OPAs) of the
Mutual Fund will be provided on the website of the AMC.

All applications for purchase/redemption of units should be submitted by

investors at the official point of acceptance of transactions at the office of the
registrar and/or AMC as may be notified from time to time. For details please
refer to the application form and/or website of the Mutual Fund
at www.Bandhanmutual.com.

Please refer section II for details.

XXII. Investor Investor can obtain application form / Key Information Memorandum (KIM)
services from Bandhan AMC branch offices, Investor services centers and RTA’s
(CAMS) branch office. Investors can also download application form / Key
Information Memorandum (KIM) from our website
(www.Bandhanmutual.com) Please refer section II for details. The list of the
Investor Service Centres (ISCs)/Official Points of Acceptance (OPAs) of the
Mutual Fund will be provided on the website of the AMC.

All applications for purchase/redemption of units should be submitted by

investors at the official point of acceptance of transactions at the office of the
registrar and/or AMC as may be notified from time to time. For details please
refer to the application form and/or website of the Mutual Fund
at www.Bandhanmutual.com.

Please refer section II for details.

Specific Not Applicable
XXIII attribute of the
scheme (such as
lock in,
duration in case
of target
maturity
scheme/close
ended schemes)
(as applicable)
XXIV Special The facilities/products Available are:
product/ Systematic Investment Plan (SIP):
facility Unitholders of the scheme/s can invest through Systematic Investment Plan. SIP
available allows the unitholder to invest a specified sum of money each Week / Month /
during the NFOQuarter with a minimum amount of Rs. 100 and minimum 6 instalments.
and on ongoing Unitholders have an option to invest on weekly basis on the default dates i.e. 7, 14,
basis 21 and 28. For investment on monthly & quarterly basis, unit holders can choose
any day of the month except 29th, 30th and 31st as the date of instalment.

The unitholder who wishes to opt for Weekly SIP / Monthly SIP / Quarterly SIP,
Sr. Title Description
No.
has to commit investment by providing the Registrar with at least six post-dated
cheques/debit mandate/mandate form for Electronic Clearing System (ECS)/ such
other instrument as recognized by AMC from time to time for a block of 6
weeks/months/quarters in advance.
For details on SIP facilities, please refer SAI

Booster SIP Facility:

Booster SIP” is a facility wherein an investor under a designated open-ended
scheme can opt to invest variable amounts, at pre-determined intervals to take
advantage of movements in the market by investing higher when the markets are
low.For details please refer SAI.

SIP Pause Facility:

SIP Pause facility allows investors to pause their existing SIP for a temporary
period, without discontinuing the existing SIP. Following are the terms and
conditions of the facility. For details please refer SAI.

Systematic Transfer Plan:

Investors can opt for the Systematic Transfer Plan by investing a lumpsum
amount in one scheme of the Mutual Fund and providing a standing instruction
to transfer a pre-specified sum into any other scheme of Bandhan Mutual Fund.
Investors can also opt for STP from an existing account by quoting their account
/ folio number. For other SIP Facilities please refer SAI.

Systematic Withdrawal Plan:

Unitholders of the Scheme have the benefit of enrolling themselves in the
Systematic Withdrawal Plan. The SWP allows the Unitholder to withdraw a
specified sum of money periodically from his investments in the Scheme. SWP is
ideal for investors seeking a regular inflow of funds for their needs. It is also ideally
suited to retirees or individuals who wish to invest lumpsums and withdraw from
the investment over a period of time.

The Unitholder may avail of this plan by sending a written request to the Registrar.
This facility is available in the growth and Income Distribution cum capital
withdrawal option..

TRANSACTION THROUGH E-MAIL FACILITY

Transaction through e-mail (the facility) is available only to Corporate Investors

intending to transact in the Schemes of Bandhan Mutual Fund, by sending scan
copies of transaction request through e-mail. Operational procedure and
requirement specific to this facility is stated in the Application Form. For details
please refer SAI.

For details please refer SAI.

XXV. Weblink Link for last 6 months TER and Daily TER:
https://bandhanmutual.com/statutory-disclosures/total-expense-ratio
Link for scheme factsheet:
https://bandhanmutual.com/downloads/factsheets .
 DUE DILIGENCE BY THE ASSET MANAGEMENT COMPANY

It is confirmed that:

(i) The Scheme Information Document submitted to SEBI is in accordance with the SEBI (Mutual Funds)
Regulations, 1996 and the guidelines and directives issued by SEBI from time to time.
(ii) All legal requirements connected with the launching of the Scheme as also the guidelines, instructions,
etc., issued by the Government and any other competent authority in this behalf, have been duly
complied with.
(iii) The disclosures made in the Scheme Information Document are true, fair and adequate to enable the
investors to make a well informed decision regarding investment in the Scheme.
(iv) The intermediaries named in the Scheme Information Document and Statement of Additional
Information are registered with SEBI and their registration is valid, as on date.
(v) The contents of the Scheme Information Document including figures, data, yields etc. have been
checked and are factually correct.
(vi) A confirmation that the AMC has complied with the compliance checklist applicable for Scheme
Information Documents and other than cited deviations/ that there are no deviations from the
regulations.
(vii) Notwithstanding anything contained in this Scheme Information Document, the provisions of the SEBI
(Mutual Funds) Regulations, 1996 and the guidelines thereunder shall be applicable.
(viii) The Trustees have ensured that the Bandhan Nifty Alpha 50 Index Fund approved by them is a new
product offered by Bandhan Mutual Fund and is not a minor modification of any existing
scheme/fund/product.

SD/-
Date: June 28, 2024 Name: Vijayalaxmi Khatri
Place: Mumbai Designation: Head-Legal & Compliance
PART II. INFORMATION ABOUT THE SCHEME

A. HOW WILL THE SCHEME ALLOCATE ITS ASSETS?

The asset allocation under the scheme will be as follows:

Instruments Indicative Allocation
(% of total assets)
Minimum Maximum
Securities belonging to the Nifty Alpha 50 Index 95% 100%
Debt & Money Market instruments 0% 5%

The net assets of the scheme will be invested in stocks constituting the Nifty Alpha 50 Index. This would
be done by investing in all the stocks comprising the Nifty Alpha 50 Index in the same weightage that they
represent in the Nifty Alpha 50 Index.

Exposure in Equity Derivatives shall be up to 20% of total assets of the equity exposure. Exposure to equity
derivatives of the index or its constituent stocks may be undertaken when equity shares of the underlying
index are unavailable or not available in sufficient quantities, subject to rebalancing period as mentioned in
the section ‘Change in Investment Pattern’.

A small portion of the net assets will be invested in debt & money market instruments permitted by SEBI /
RBI to meet the liquidity requirements of the scheme and for meeting margin money requirement for Nifty
Alpha 50 Index futures and/or futures of stocks belonging to the Nifty Alpha 50 Index.

Money Market Instruments includes Commercial papers, Commercial bills, Treasury bills, Government
securities having an unexpired maturity up to one year, call or notice money, certificate of deposit, Bills
Rediscounting, Repos, Triparty Repo, usance bills, and any other like instruments as specified by the Reserve
Bank of India from time to time.

As per clause 12.24 of SEBI Master Circular, the cumulative gross exposure through equity, debt & Money
Market instruments, repo transactions and such other securities/assets as may be permitted by the Board from
time to time, subject to regulatory approvals if any, should not exceed 100% of the net assets of the scheme.

Pursuant to Clause 12.25.3 of SEBI Master Circular and SEBI Letter to AMFI dated November 03, 2021,
Cash or cash equivalents with residual maturity of less than 91 days may be treated as not creating any
exposure. Cash Equivalent shall consist of the following securities having residual maturity of less than 91
days

Government Securities
T-Bills and
Repo on Government securities
 The scheme will not invest in the following:
• Instruments having special features (AT1 and AT2 Bonds) as stated in Clause 9.4 of SEBI Master circular;
• Credit default swaps;
• Debt Instruments having Structured Obligations / Credit Enhancements as specified in clause 12.1.1
of SEBI Master Circular;
• Overseas securities
• Commodity Derivatives;
• Debt Derivatives instrument;
• Short selling,
• Stock/securities lending,
• Repo in Corporate Debt,
• REIT & InVIT Instrument; and
• Securitized debt instruments;

Portfolio Concentration Norms

In line with clause 3.4 of SEBI Master Circular, specifies following portfolio concentration norms to
be adopted by index fund:
a) The index shall have a minimum of 10 stocks as its constituents.
b) For a sectoral/ thematic Index, no single stock shall have more than 35% weight in the index. For other
than sectoral/ thematic indices, no single stock shall have more than 25% weight in the index.
c) The weightage of the top three constituents of the index, cumulatively shall not be more than 65% of
the Index.
d) The individual constituent of the index shall have a trading frequency greater than or equal to 80% and
an average impact cost of 1% or less over previous six months.

The underlying index i.e. Nifty Alpha 50 Index complies with the aforesaid portfolio concentration norms.
Further, the Fund shall evaluate and ensure compliance to aforesaid norms at the end of every calendar quarter.
The updated constituents of the underlying index have also been made available on the website of the Fund
i.e. www.bandhanmutual.com.

Change in Investment Pattern Portfolio Rebalancing:

Pursuant to clause 3.6.7.1 of SEBI Master circular, in case of change in constituents of the index due
to periodic review, the portfolio of the scheme will be rebalanced within 7 calendar days.

Short term defensive consideration:

The asset allocation pattern indicated above may change for a short term period on defensive considerations,
keeping in view market conditions, market opportunities, applicable regulations and political and economic
factors. These proportions may vary depending upon the perception of the Fund Manager, the intention being
at all times to seek to protect the interests of the Unit holders. Such changes in the investment pattern will
be rebalanced within 7 calendar days from the date of deviation and further action may be taken as specified
under SEBI Circulars/ AMFI guidelines issued from time to time.

In the event of involuntary corporate action, the scheme shall dispose the security not forming part of the
underlying index within 7 days from the date of allotment/listing.
Portfolio Replication norms

Subject to Clause 3.6.7.2 of SEBI Master, any transactions undertaken in the scheme portfolio in order to
meet the redemption and subscription obligations shall be done while ensuring that post such transactions
replication of the portfolio with the index is maintained at all points of time.

Disclosure Norms:

I. Portfolio:

A. The Fund shall disclose the following on monthly basis:

o Name and exposure to top 7 issuers and stocks respectively as a percentage of NAV of the scheme
o Name and exposure to top 7 groups as a percentage of NAV of the scheme.
o Name and exposure to top 4 sectors as a percentage of NAV of the scheme.

B. Change in constituents of the index, if any, shall be disclosed on the AMC website on the day of change.

II. Tracking Error:

The Fund shall disclose the tracking error based on past one year rolling data, on a daily basis, on the
website of the Mutual Fund and AMFI.

III. Tracking Difference:

The annualized difference of daily returns between the index and the NAV of the Fund shall be disclosed
on the website of the Mutual Fund and AMFI, on a monthly basis, for tenures 1 year, 3 year, 5 year, 10 year
and since the date of allotment of units.

Indicative Table (Actual instrument/percentages may vary subject to applicable SEBI circulars)

Sl. no Type of Instrument Percentage of exposure Circular references

1. Securities Lending The scheme will not invest Para 12.11 of SEBI Master
Circular dated May 19, 2023
2. Equity Derivatives for non- - -
hedging purposes
3. Securitized Debt The scheme will not invest -
4. Overseas Securities The scheme will not invest Para 12.19 of SEBI Master
Circular dated May 19, 2023
5. ReITS and InVITS The scheme will not invest Clause 13 of Seventh Schedule
of SEBI Mutual Funds
Regulations, 1996
6. AT1 and AT2 Bonds (debt The scheme will not invest Para 12.2 of SEBI Master
instruments with special Circular dated May 19, 2023
features)
7. Any other instrument Exposure in Equity Para 12.18.1.1 of SEBI Master
Derivatives - up to 20% of Circular dated May 19, 2023
total assets of equity portfolio
B. WHERE WILL THE SCHEME INVEST?

The corpus of the Scheme will be invested in equity and equity related products & in debt and money market
instruments. Subject to the Regulations, the corpus of the Scheme can be invested in any (but not
exclusively)
of the following securities / instruments:

1. Equity and Equity related instruments belonging to Nifty Alpha 50 index.

2. Equity Derivatives
3. Debt securities and money market instruments including G-Sec/T-Bills/Cash Management Bills and
TREPS/Repo/Reverse Repo
4. Certificate of Deposits (CDs).
5. Commercial Paper (CPs).
6. Other Mutual Funds
7. Any other securities / instruments as may be permitted by SEBI from time to time, subject to regulatory
approvals if any.

(Detailed definition and applicable regulations/guidelines for each instrument is included in Section II)

C. WHAT ARE THE INVESTMENT STRATEGIES?

Equity
The Scheme will be managed passively with investments in stocks in a proportion to the weights of these
stocks in the Nifty Alpha 50 Index. The investment strategy would revolve around reducing the tracking
error to the least possible through rebalancing of the portfolio, considering the change in weights of stocks
in the index as well as the incremental collections/redemptions from the Scheme.
For detailed derivative strategies, please refer to SAI.

Procedure & Recording of Investment Decisions and Risk Control

Please refer to Statement of Additional Information (SAI) available on website www.bandhanmutual.com.

Tracking Error
The extent to which the NAV of the scheme moves in a manner inconsistent with the movements of the
total returns of the Nifty Alpha 50 Index on any given day or over any given period of time arising from
any cause or reason whatsoever including but not limited to differences in the weightage of the investments
in the securities and the weightage to such securities in the Nifty Alpha 50 Index and the time lags in
deployment or realization of funds under the Scheme as compared to the movement of or within the Nifty
Alpha 50 Index as well as the market liquidity, cost of trading, management and other expenses.

Tracking errors may result from a variety of factors including but not limited to:

▪ Any delay experienced in the purchase or sale of shares due to illiquidity of the market, settlement and
realization of sale proceeds and / or the registration of any securities transferred and / or any delays in
receiving cash Income Distribution cum capital withdrawal and resulting delays in reinvesting them.
▪ The Nifty Alpha 50 Index reflect the prices of securities at close of business hours. However, the Fund
may buy or sell the securities at different points of time during the trading session at the then prevailing
prices which may not correspond to the closing prices on the NSE.
▪ IISL undertakes periodic reviews of the securities that are represented in the Nifty Alpha 50 Index and
from time to time may exclude existing securities or include new ones. In such an event, the Fund will
endeavour to reallocate its portfolio but the available investment/ disinvestment opportunities may not
 permit precise mirroring of the Nifty Alpha 50 Index in a short period of time.
▪ The charging of expenses to the Fund including investment management fees and custodian fees.
▪ The potential for trades to fail which may result in the Scheme not having acquired shares at a price
necessary to track the index.
▪ The holding of a cash position and accrued income prior to distribution and accrued expenses.
▪ Disinvestments to meet redemptions, recurring expenses, Income Distribution cum capital withdrawal
payouts etc.

DERIVATIVES

The Scheme may take an exposure to equity derivatives of constituents of the Underlying Index when
securities of the Index are unavailable, insufficient or for rebalancing at the time of change in Index or in case
of corporate actions, for a short period of time. The total exposure to derivatives would be restricted to 20%
of the equity exposure. The Scheme may use derivative instruments such as stock futures and options
contracts, warrants, convertible securities, swap agreements or any other derivative instruments that are
permissible or may be permissible in future under applicable regulations and such investments shall be in
accordance with the investment objective of the Scheme.

(i) Trading in Derivatives

The Scheme may use derivatives instruments like Stock/ Index Futures & Options, or such other derivative
instruments as may be introduced from time to time and in the manner permitted by SEBI/RBI from time
to time.
The following information provides a basic idea as to the nature of the derivative instruments proposed to
be used by the Scheme and the risks attached there with.

Features of Derivatives: Derivatives provide unique flexibility to the Scheme to hedge part of its portfolio.
Some of the features of specific derivatives are as under:

(ii)Derivatives Strategy Equity Derivative

The Scheme intends to use derivatives for purposes that may be permitted by SEBI Mutual Fund regulations
from time to time. Derivatives instruments may take the form of Futures, Options, Swaps or any other
instrument, as may be permitted from time to time. SEBI has vide its Master Circular dated May 19, 2023
under Clause 7.5 specified the guidelines pertaining to trading by Mutual Fund in Exchange trades derivatives.
All Derivative positions taken in the portfolio would be guided by the following principles:
i. Position limit for the Fund in index options contracts
a. The Fund position limit in all index options contracts on a particular underlying index shall be Rs. 500
crore or 15% of the total open interest of the market in index options, whichever is higher per Stock
Exchange.
b. This limit would be applicable on open positions in all options contracts on a particular underlying index.

ii. Position limit for the Fund in index futures contracts:

a. The Fund position limit in all index futures contracts on a particular underlying index shall be Rs. 500
crore or 15% of the total open interest of the market in index futures, whichever is higher, per Stock
Exchange.
b. This limit would be applicable on open positions in all futures contracts on a particular underlying
index.

iii. Additional position limit for hedging

In addition to the position limits at point (i) and (ii) above, Fund may take exposure in equity index
 derivatives subject to the following limits:
a. Short positions in index derivatives (short futures, short calls and long puts) shall not exceed (in notional
value) the Fund’s holding of stocks.
b. Long positions in index derivatives (long futures, long calls and short puts) shall not exceed (in notional
value) the Fund’s holding of cash, government securities, T-Bills and similar instruments.

iv. Position limit for the Fund for stock based derivative contracts :
The Fund position limit in a derivative contract on a particular underlying stock, i.e. stock option
contracts and stock futures contracts, :-
a. The combined futures and options position limit shall be 20% of the applicable MWPL.
b. The MWPL and client level position limits however would remain the same as prescribed.

v. Position limit for the Scheme

The position limits for the Scheme and disclosure requirements are as follows–
a. For stock option and stock futures contracts, the gross open position across all derivative contracts on
a particular underlying stock of a scheme of a Fund shall not exceed the higher of:
• 1% of the free float market capitalisation (in terms of number of shares) Or
• 5% of the open interest in the derivative contracts on a particular underlying stock (in terms of
number of contracts).
b. This position limit shall be applicable on the combined position in all derivative contracts on an
underlying stock at a Stock Exchange.
c. For index based contracts, the Fund shall disclose the total open interest held by its scheme or all
schemes put together in a particular underlying index, if such open interest equals to or exceeds 15%
of the open interest of all derivative contracts on that underlying index.”
The Scheme will comply with provisions specified in clause 12.25 of SEBI Master Circular related to
overall exposure limits applicable for derivative transactions.

The following section describes some of the more common equity derivatives transactions along with
their benefits:

Basic Structure of a Stock & Index Future

The Stock Index futures are instruments designed to give exposure to the equity markets indices. The stock
Exchange, Mumbai (BSE) and The National Stock Exchange (NSE) provide futures in select stocks and
indices with maturities of 1, 2 and 3 months. The pricing of a stock/index future is the function of the
underlying stock/index and short term interest rates.

Example using hypothetical figures:

1 month NIFTY 50 Index Future

Say, Fund buys 1,000 futures contracts; each contract value is 50 times futures index price Purchase Date :
February 24, 2021
Spot Index : 6000 Future Price : 6150
Say, Date of Expiry : March 24, 2021 Say, Margin : 20%
Assuming the exchange imposes total margin of 20%, the Investment Manager will be required to provide
total margin of approx. Rs. 6.15 Cr (i.e.20% * 6150 * 1000 * 50) through eligible securities and cash.
Date of Expiry:
Assuming on the date of expiry, i.e. March 24, 2021, Nifty 50 Index closes at 6200, the net impact will be a
profit of Rs 25,00,000 for the fund i.e. (6200–6150)*1000*50

Futures price = Closing spot price = 6200.00

Profits for the Fund = (6200–6150)*1000*50 = Rs. 25,00,000/-

Please note that the above example is given for illustration purposes only. Some assumptions have been
made for the sake of simplicity.
The net impact for the Fund will be in terms of the difference of the closing price of the index and cost price.
Thus, it is clear from the example that the profit or loss for the Fund will be the difference of the closing
price (which can be higher or lower than the purchase price) and the purchase price. The risks associated
with index futures are similar to those associated with equity investments. Additional risks could be on
account of illiquidity and potential mis–pricing of the futures.

Basic Structure of an Equity Option:

An option gives a buyer the right but does not cast the obligation to buy or sell the underlying. An option is
a contract between two parties wherein the buyer receives a privilege for which he pays a fee (premium) and
the seller accepts an obligation for which he receives a fee. The premium is the price negotiated and set when
the option is bought or sold. A person who buys an option is said to be long in the option. A person who
sells (or writes) an option is said to be short in the option.

In India, National Stock Exchange (NSE) became the first exchange to launch trading in options on
individual securities. Trading in options on individual securities commenced from July 2, 2001. All
stock/index Option contracts are European style and cash settled and are currently available on 5 Indices and
223 securities as stipulated by the Securities and Exchange Board of India (SEBI).

Example using hypothetical figures on Index Options:

Market type : N
Instrument Type : OPTIDX Underlying : Nifty 50
Purchase date : February 24, 2021
Expiry date : March 24, 2021
Option Type : Put Option (Purchased) Strike Price : Rs. 6,100.00
Spot Price : Rs. 6,136.00 Premium : Rs. 84.00
Lot Size : 50
No. of Contracts : 100
Say, the Fund purchases on February 24, 2021, 1 month Put Options on Nifty 50 on the NSE i.e. put options
on 5000 shares (100 contracts of 50 shares each) of Nifty 50.
Date of Exercise:
As these are European style options, they can be exercised only on the expiry date i.e. March 24, 2021.
If the share price of Nifty 50 falls to Rs.5,500 on expiry day, the net impact will be as follows:
Premium expense = Rs.84*100* 50 =Rs. 4,20,000/- Option Exercised at = Rs. 5,500/-
Profits for the Fund = (6100.00–5,500.00) * 100*50 = Rs. 30,00,000/- Net Profit = Rs. 30,00,000 – Rs.
4,20,000 = Rs. 25,80,000/-
In the above example, the Investment Manager hedged the market risk on 5,000 shares of Nifty 50 Index
by purchasing Put Options.

Please note that the above example is given for illustration purposes only. Some assumptions have
been
made for the sake of simplicity. Certain factors like margins have been ignored. The purchase of Put
Options does not increase the market risk in the fund as the risk is already in the fund's portfolio on
account of the underlying asset position. The premium paid for the option is treated as an expense.
Additional risks could be on account of illiquidity and potential mis–pricing of the options.-

PORTFOLIO TURNOVER

Portfolio turnover in the scheme will be a function of market opportunities. It is difficult to estimate with
any reasonable measure of accuracy, the likely turnover in the portfolio. The AMC will endeavor to
optimize portfolio turnover to optimize risk adjusted return keeping in mind the cost associated with it. A
high portfolio turnover rate is not necessarily a drag on portfolio performance and may be representative
of investment opportunities that exist in the market.

Portfolio Turnover ratio of the scheme for the period June 01, 2023 to May 31, 2024 is 1.18*.

*Portfolio Turnover Ratio is calculated as lower of purchase or sale during the period / Average AUM
for the last one year (Includes Fixed Income securities and Equity derivatives).

DEBT MARKET & MONEY MARKET IN INDIA

The Indian debt markets are one of the largest such markets in Asia. Government and Public Sector
enterprises are predominant borrowers in the market. While interest rates were regulated till a few years
back, there has been a rapid deregulation and currently both the lending and deposit rates are market
determined.

The debt markets are developing fast, with the rapid introduction of new instruments including Foreign
Portfolio Investors are also allowed to invest in Indian debt markets now. There has been a considerable
increase in the trading volumes in the market. The trading volumes are largely concentrated in the
Government of India Securities, which contribute a significant proportion of the daily trades.

The money markets in India essentially consist of the call money market (i.e. market for overnight and
term money between banks and institutions), repo transactions (temporary sale with an agreement to buy
back the securities at a future date at a specified price), commercial papers (CPs, short term unsecured
promissory notes, generally issued by corporates), certificate of deposits (CDs, issued by banks) and
Treasury Bills & Cash Management Bills (issued by RBI). In a predominantly institutional market, the
key money market players are banks, financial institutions, insurance companies, mutual funds, primary
dealers and corporates.
 Following table exhibits various debt instruments along with indicative yields as on 21st June, 2024:

Instruments Yield level ( per annum)

G – Sec 5 year 7
G – Sec 10 year 7.03
CP’s 3 months 7.19
CD’s 3 months 7.17
CP’s 1 year 7.74
CD’s 1 year 7.68
PSU
Corporate Debentures AAA 3 year 7.66
Corporate Debentures AAA 5 year 7.63
NBFC
Corporate Debentures AAA 3 year 7.91
Corporate Debentures AAA 5 year 7.94
The actual yields will, however, vary in line with general levels of interest rates and debt/money market
conditions prevailing from time to time.

The mutual fund or AMC and its empanelled brokers have not given and shall not give any indicative
portfolio and indicative yield in any communication, in any manner whatsoever. Investors are advised
not to rely on any communication regarding indicative yield/ portfolio with regard to the scheme.

D. HOW WILL THE SCHEME BENCHMARK ITS PERFORMANCE?

The scheme shall be benchmarked to Nifty Alpha 50 Total Returns Index.

Since the scheme is an index fund, the compositions of the benchmark are such that it is most suited for
comparing performance of the Scheme.

Disclaimer for Nifty Alpha 50 Index – The Bandhan Nifty Alpha 50 Index Fund (“The Product”) is
not sponsored, endorsed, sold or promoted by NSE INDICES LIMITED (formerly known as India Index
Services & Products Limited ("IISL")). NSE INDICES LIMITED does not make any representation or
warranty, express or implied, to the owners of the Product(s) or any member of the public regarding the
advisability of investing in securities generally or in the Product(s) particularly or the ability of the Nifty
Alpha 50 Index to track general stock market performance in India. The relationship of NSE INDICES
LIMITED to the Issuer is only in respect of the licensing of the Indices and certain trademarks and trade
names associated with such Indices which is determined, composed and calculated by NSE INDICES
LIMITED without regard to the Issuer or the Product(s). NSE INDICES LIMITED does not have any
obligation to take the needs of the Issuer or the owners of the Product(s) into consideration in
determining, composing or calculating the Nifty Alpha 50 Index.
NSE INDICES LIMITED is not responsible for or has participated in the determination of the timing
of, prices at, or quantities of the Product(s) to be issued or in the determination or calculation of the
equation by which the Product(s) is to be converted into cash. NSE INDICES LIMITED has no
obligation or liability in connection with the administration, marketing or trading of the Product(s). NSE
INDICES LIMITED do not guarantee the accuracy and/or the completeness of the Nifty Alpha 50 Index
or any data included therein and NSE INDICES LIMITED shall have not have any responsibility or
liability for any errors, omissions, or interruptions therein. NSE INDICES LIMITED does not make
any warranty, express or implied, as to results to be obtained by the Issuer, owners of the product(s), or
any other person or entity from the use of the Nifty Alpha 50 Index or any data included therein. NSE
INDICES LIMITED makes no express or implied warranties, and expressly disclaim all warranties of
merchantability or fitness for a particular purpose or use with respect to the index or any data included
therein. Without limiting any of the foregoing, NSE INDICES LIMITED expressly disclaim any and
 all liability for any claims, damages or losses arising out of or related to the Products, including any and
all direct, special, punitive, indirect, or consequential damages (including lost profits), even if notified
of the possibility of such damages. An investor, by subscribing or purchasing an interest in the
Product(s), will be regarded as having acknowledged, understood and accepted the disclaimer referred
to in Clauses above and will be bound by it.

E. WHO MANAGES THE SCHEME?

The Fund Managers of the Scheme is Mr. Nemish Sheth. His details are given below:

Name /Age / Brief Experience Other schemes managed /

Designation Qualification co-managed
Mr. Nemish 37 years / Mr. Nemish Sheth joined the Bandhan Arbitrage Fund,
Sheth Post Graduate Equity Fund Management Bandhan S&P BSE Sensex
Diploma in team of Bandhan AMC on ETF, Bandhan Nifty 50 ETF,
Associate Management November 01, 2021 as Dealer - Bandhan Nifty 50 Index Fund,
Vice studies - Finance, Equity and Fund Manager. Bandhan Nifty 100 Index
President – B.Com. Fund, Bandhan Nifty200
Equity He was earlier associated with Momentum 30 Index Fund,
Managing the Fund Nippon Life India Asset Bandhan Nifty100 Low
since – November Management Ltd. as Dealer Volatility 30 Index Fund,
01, 2021 from December 2018 to Bandhan Equity Savings
August 2021 handling Fund, Bandhan Multi Asset
execution of Equity, Arbitrage Allocation Fund, Bandhan
and ETF trades. Nifty Alpha 50 Index Fund,
Bandhan Nifty IT Index Fund,
Prior to this, he was also Bandhan Nifty Smallcap 250
associated with ICICI Index Fund, Bandhan Nifty
Prudential Asset Management Total Market Index Fund
Company Ltd. as Dealer from
August 2011 to December
2018 handling execution of
Equity, Arbitrage and ETF
trades.

(Total experience - 12 years)

F. HOW IS THE SCHEME DIFFERENT FROM EXISTING SCHEMES OF THE MUTUAL
FUND
Sr. Name of the Category of Type of scheme Investment Objective
No scheme the scheme
1. Bandhan Nifty 50 Index Fund An open ended The investment objective of the
Index Fund scheme tracking scheme is to replicate the Nifty 50
Nifty 50 Index index by investing in securities of
the Nifty 50 Index in the same
proportion / weightage.

However, there is no assurance or

guarantee that the objectives of the
scheme will be realized and the
scheme does not assure or
guarantee any returns.
2. Bandhan Nifty Index Fund An open-ended The investment objective of the
Sr. Name of the Category of Type of scheme Investment Objective
No scheme the scheme
100 Index Fund scheme tracking Scheme is to replicate the Nifty
Nifty 100 Index 100 index by investing in securities
of the Nifty 100 Index in the same
proportion / weightage with an aim
to provide returns before expenses
that closely correspond to the total
return of Nifty 100 Index, subject
to tracking errors.

However, there is no assurance or

guarantee that the objectives of the
scheme will be realized and the
scheme does not assure or
guarantee any returns.
3. Bandhan Index Fund An open ended The investment objective of the
Nifty200 scheme tracking Scheme is to replicate the Nifty200
Momentum 30 Nifty200 Momentum 30 index by investing
Index Fund Momentum30 in securities of the Nifty200
Index Momentum 30 Index in the same
proportion / weightage with an aim
to provide returns before expenses
that closely correspond to the total
return of Nifty200 Momentum 30
Index, subject to tracking errors.

However, there is no assurance or

guarantee that the objectives of the
scheme will be realized and the
scheme does not assure or
guarantee any returns.
4. Bandhan Index Fund An open ended The investment objective of the
Nifty100 Low scheme tracking Scheme is to replicate the Nifty100
Volatility 30 Nifty100 Low Low Volatility 30 index by
Index Fund Volatility 30 investing in securities of the
Index Nifty100 Low Volatility 30 Index
in the same proportion / weightage
with an aim to provide returns
before expenses that closely
correspond to the total return of
Nifty100 Low Volatility 30 Index,
subject to tracking errors.

However, there is no assurance or

guarantee that the objectives of the
scheme will be realized and the
scheme does not assure or
guarantee any returns.

5. Bandhan CRISIL Index Fund An open-ended The investment objective of the

IBX 90:10 SDL Target Maturity scheme is to provide investment
Plus Gilt– Index Fund returns corresponding to the total
November 2026 investing in returns of the securities as
Sr. Name of the Category of Type of scheme Investment Objective
No scheme the scheme
Index Fund constituents of represented by the CRISIL IBX
CRISIL IBX 90:10 SDL plus Gilt Index–
90:10 SDL plus November 2026 before expenses,
Gilt Index– subject to tracking errors.
November 2026 However, there can be no
with Relatively assurance or guarantee that the
High interest rate investment objective of the
risk and Scheme will be achieved.
Relatively Low
Credit Risk
6. Bandhan CRISIL Index Fund An open-ended The investment objective of the
IBX Gilt April Target Maturity scheme is to provide investment
2026 Index Fund Index Fund returns corresponding to the total
investing in returns of the securities as
constituents of represented by the Crisil IBX Gilt
Crisil IBX Gilt Index - April 2026 before
Index - April expenses, subject to tracking
2026 with errors.
Relatively High However, there can be no
interest rate risk assurance or guarantee that the
and Relatively investment objective of the
Low Credit Risk Scheme will be achieved.
7. Bandhan CRISIL Index Fund An open-ended The investment objective of the
IBX Gilt April Target Maturity scheme is to provide investment
2032 Index Fund Index Fund returns corresponding to the total
investing in returns of the securities as
constituents of represented by the Crisil IBX Gilt
Crisil IBX Gilt Index - April 2032 before
Index - April expenses, subject to tracking
2032 with errors.
Relatively High However, there can be no
interest rate risk assurance or guarantee that the
and Relatively investment objective of the
Low Credit Risk Scheme will be achieved.
8. Bandhan CRISIL Index Fund An open-ended The investment objective of the
IBX 90:10 SDL Target Maturity scheme is to provide investment
Plus Gilt– Index Fund returns corresponding to the total
September 2027 investing in returns of the securities as
Index Fund constituents represented by the CRISIL IBX
CRISIL IBX 90:10 SDL Plus Gilt Index –
90:10 SDL Plus September 2027 before expenses,
Gilt Index – subject to tracking errors.
September 2027 However, there can be no
with Relatively assurance or guarantee that the
High interest rate investment objective of the
risk and Scheme will be achieved.
Relatively Low
Credit Risk
9. Bandhan CRISIL Index Fund An open-ended The investment objective of the
IBX Gilt June Target Maturity scheme is to provide investment
2027 Index Fund Index fund returns closely corresponding to
investing in the total returns of the securities as
Sr. Name of the Category of Type of scheme Investment Objective
No scheme the scheme
constituents of represented by the CRISIL Gilt
CRISIL IBX Gilt 2027 Index before expenses,
June 2027 Index. subject to tracking errors.
A Scheme with However, there can be no
Relatively High assurance or guarantee that the
Interest Rate Risk investment objective of the
and Relatively Scheme will be achieved.
Low Credit Risk.
10. Bandhan CRISIL Index Fund An open-ended The investment objective of the
IBX Gilt April Target Maturity scheme is to provide investment
2028 Index Fund Index fund returns closely corresponding to
investing in the total returns of the securities as
constituents of represented by the CRISIL Gilt
CRISIL IBX Gilt 2028 Index before expenses,
April 2028 Index. subject to tracking errors.
A Scheme with However, there can be no
Relatively High assurance or guarantee that the
Interest Rate Risk investment objective of the
and Relatively Scheme will be achieved.
Low Credit Risk
11. Bandhan CRISIL Index Fund An open-ended The investment objective of the
IBX 90:10 SDL Target Maturity scheme is to provide investment
Plus Gilt April Index Fund returns corresponding to the total
2032 investing in returns of the securities as
constituents of represented by the CRISIL IBX
CRISIL IBX 90:10 SDL plus Gilt Index – April
90:10 SDL plus 2032 before expenses, subject to
Gilt Index – April tracking errors.
2032 with
Relatively High
Interest Rate Risk
and Relatively
Low Credit Risk.
12. Bandhan Nifty IT Index Fund An open ended The investment objective of the
Index Fund scheme tracking Scheme is to replicate the Nifty IT
Nifty IT Index Index by investing in securities of
the Nifty IT Index in the same
proportion / weightage with an aim
to provide returns before expenses
that tracks the total return of Nifty
IT Index, subject to tracking errors.

However, there is no assurance or

guarantee that the objectives of the
scheme will be realized and the
scheme does not assure or
guarantee any returns.
13. Bandhan Nifty Index Fund An open-ended The investment objective of the
Alpha 50 Index scheme tracking Scheme is to replicate the Nifty
Fund Nifty Alpha 50 Alpha 50 Index by investing in
Index securities of the Nifty Alpha 50
Index in the same proportion /
 Sr. Name of the Category of Type of scheme Investment Objective
No scheme the scheme
weightage with an aim to provide
returns before expenses that tracks
the total return of Nifty Alpha 50
Index, subject to tracking errors.

However, there is no assurance or

guarantee that the objectives of the
scheme will be realized and the
scheme does not assure or
guarantee any returns.
14. Bandhan Nifty Index Fund An open-ended The investment objective of the
Smallcap 250 scheme tracking Scheme is to replicate the Nifty
Index Fund Nifty Smallcap Smallcap 250 Index by investing
250 Index in securities of the Nifty Smallcap
250 Index in the same proportion
/ weightage with an aim to
provide returns before expenses
that tracks the total return of Nifty
Smallcap 250 Index, subject to
tracking errors.

However, there is no assurance or

guarantee that the objectives of the
scheme will be realized and the
scheme does not assure or
guarantee any returns.

Refer https://bandhanmutual.com/downloads/sid for detailed comparative table of the above schemes.

G. HOW HAS THE SCHEME PERFORMED?

Returns (%) as on May 31, 2024:

Scheme Returns % Benchmark Returns %

Compounded
Annualised
Direct Regular Direct Regular
Returns

Returns for the NA NA NA NA

last 1 Year
Returns for the NA NA NA NA
last 3 Years
Returns for the NA NA NA NA
last 5 Years
Returns Since 41.49% 40.95% 44.11% 44.11%
Inception
Benchmark – Nifty Alpha 50 TRI
Date of Inception: Direct Plan – 09th November 2023_ Regular Plan – 09th November 2023
 Chart Title
28.00

27.50

27.00

26.50

26.00

25.50

25.00
FY 2023-24

Bandhan Nifty Alpha 50 Index Fund - Dir - Growth

Bandhan Nifty Alpha 50 Index Fund - Reg - Growth
Nifty Alpha 50 TRI

H. ADDITIONAL SCHEME RELATED DISCLOSURES

i. Scheme’s portfolio holdings
Refer https://bandhanmutual.com/downloads/sid for top 10 holdings by issuer and fund
allocation towards various sectors.
ii. Refer link https://bandhanmutual.com/statutory-disclosures/schemes for disclosure of name
and exposure to Top 7 issuers, stocks, groups and sectors as a percentage of NAV of the scheme.
iii. Functional website link for Portfolio Disclosure - Refer
https://www.bandhanmutual.com/download-centre/disclosures for Monthly/ Half Yearly portfolio
disclosure.
iv. Portfolio Turnover ratio of the scheme for the period June 01, 2023 to May 31, 2024 is 1.18
v. Aggregate investment in the Scheme as on May 31, 2024 by:

Sr. No. Category of Persons Net Value

1. Concerned scheme’s Fund Manager(s) Units NAV per unit
NIL
For details of the investments by key personnel and AMC directors including please refer SAI

vi. Investments of AMC in the Scheme:

Refer https://bandhanmutual.com/downloads/sid for the details of the investments of AMC in the

Scheme.

The Scheme may invest in another scheme managed by the same AMC or by the AMC of any other
Mutual Fund without charging any fees on such investments, provided that aggregate inter-scheme
investment made by all schemes managed by the same AMC or by the AMC of any other Mutual Fund
shall not exceed 5% of the net asset value of the Fund. For detailed provisions refer SAI.
PART III- OTHER DETAILS

A. COMPUTATION OF NAV

The NAV of the Units of the Scheme will be computed by dividing the net assets of the Scheme by the
number of Units outstanding on the valuation date. The Fund shall value its investments according to
the valuation norms, as specified in Schedule VIII of the Regulations, or such norms as may be
prescribed by SEBI from time to time.

All expenses and incomes accrued up to the valuation date shall be considered for computation of NAV.
For this purpose, major expenses like management fees and other periodic expenses would be accrued
on a day to day basis. The minor expenses and income will be accrued on a periodic basis, provided the
non-daily accrual does not affect the NAV calculations by more than 1%.

Any changes in securities and in the number of units be recorded in the books not later than the first
valuation date following the date of transaction. If this is not possible given the frequency of the Net
Asset Value disclosure, the recording may be delayed upto a period of seven days following the date of
the transaction, provided that as a result of the non-recording, the Net Asset Value calculations shall not
be affected by more than 1%.
In case the Net Asset Value of a scheme differs by more than 1%, due to non - recording of the
transactions, the investors or scheme/s as the case may be, shall be paid the difference in amount as
follows:-

(i) If the investors are allotted units at a price higher than Net Asset Value or are given a price lower
than Net Asset Value at the time of sale of their units, they shall be paid the difference in amount
by the scheme.
(ii) If the investors are charged lower Net Asset Value at the time of purchase of their units or are
given higher Net Asset Value at the time of sale of their units, asset management company shall
pay the difference in amount to the scheme.

The asset management company may recover the difference from the investors.

NAV of units under the Scheme shall be calculated as shown below:

NAV (Rs.) =
Market or Fair Value of + Current Assets - Current Liabilities and Provisions
Scheme's investments including Accrued including accrued expenses
Income
__________________________________________________________________________
No. of Units outstanding under Scheme

During the continuous offer of the scheme, the units will be available at the applicable NAV based
prices. This is the price that an investor will pay for purchase / switch in.

Ongoing price for redemption (sale) /switch outs (to other schemes/plans of the Mutual Fund) by
investors:

At the applicable NAV subjects to prevailing exit load. This is the price you will receive for
redemptions/switch outs.

The NAV of the Scheme will be calculated upto four decimal places and will be declared on each
business day. The valuation of the Scheme’s assets and calculation of the Scheme’s NAV shall be
subject to audit on an annual basis and shall be subject to such regulations as may be prescribed by
SEBI from time to time.
The Fund will also calculate intra-day indicative NAV (computed based on snapshot prices received
from BSE) and will be updated during the market hours on the website of the Mutual Fund
(www.bandhanmutual.com) with a delay of approximately 15 seconds. Intra-day indicative NAV will
not have any bearing on the creation or redemption of units directly with the Fund by the Authorized
Participants /Large Investors.
Illustration:

Computation of NAV - Assume that the Market or Fair Value of Scheme’s investments is Rs.
1,00,00,000; Current asset of the scheme is Rs. 25,00,000; Current Liabilities and Provisions is Rs.
15,00,000 and the No. of Units outstanding under the scheme are 5,00,000. Thus, the NAV will be
calculated as:

10000000 + 2500000 − 1500000

ℕAV = = 22.000
500000

Therefore, the NAV of the scheme is Rs. 22.000

Computation of Repurchase Price - If the applicable NAV is Rs. 10, exit load is 2% then redemption
price will be: Rs. 10* (1-0.02) = Rs. 9.80

The Redemption Price will not be lower than 95% of the NAV.

For details on policies related to computation of NAV, rounding off, investment in foreign securities,
procedure in case of delay in disclosure of NAV, please refer SAI.

Any changes in securities and in the number of units be recorded in the books not later than the first
valuation date following the date of transaction. If this is not possible given the frequency of the Net
Asset Value disclosure, the recording may be delayed upto a period of seven days following the date of
the transaction, provided that as a result of the non-recording, the Net Asset Value calculations shall not
be affected by more than 1%.

In case the Net Asset Value of a scheme differs by more than 1%, due to non - recording of the
transactions, the investors or scheme/s as the case may be, shall be paid the difference in amount as
follows:-
(i) If the investors are allotted units at a price higher than Net Asset Value or are given a price lower
than Net Asset Value at the time of sale of their units, they shall be paid the difference in amount
by the scheme.
(ii) If the investors are charged lower Net Asset Value at the time of purchase of their units or are given
higher Net Asset Value at the time of sale of their units, asset management company shall pay the
difference in amount to the scheme.

The asset management company may recover the difference from the investors.

NAV of units under the Scheme shall be calculated as shown below:

NAV (Rs.) =

Market or Fair Value of + Current Assets - Current Liabilities and Provisions

Scheme's investments including Accrued including accrued expenses
Income
______________________________________________________________________
No. of Units outstanding under Scheme

The NAV of the Scheme will be calculated upto four decimal places and will be declared on each
business day. The valuation of the Scheme’s assets and calculation of the Scheme’s NAV shall be
subject to audit on an annual basis and shall be subject to such regulations as may be prescribed by
SEBI from time to time.

NAV of the Scheme shall be made available on the website of AMFI (www.amfiindia.com) and the
Mutual Fund (www.Bandhanmutual.com) by 11.00 p.m. on all business days. The NAV shall also be
available on the Toll Free Number -1800-300-66688/1-800-2666688 -and on the website of the
Registrar and Transfer Agent CAMS (www.camsonline.com).

In case the NAV is not uploaded by 11.00 p.m it shall be explained in writing to AMFI for non adherence
of time limit for uploading NAV on AMFI’s website. If the NAVs are not available before the
commencement of business hours on the following day due to any reason, the Mutual Fund shall issue
a press release giving reasons and explaining when the Mutual Fund would be able to publish the NAV.
Delay in disclosure of NAV etc. refer to SAI

During the continuous offer of the scheme, the units will be available at the applicable NAV based
prices. This is the price that an investor will pay for purchase / switch in.
Ongoing price for redemption (sale) /switch outs (to other schemes/plans of the Mutual Fund) by
investors:

At the applicable NAV subjects to prevailing exit load. This is the price you will receive for
redemptions/switch outs.

Example: If the applicable NAV is Rs. 10, exit load is 2% then redemption price will be: Rs. 10* (1-
0.02) = Rs. 9.80

The Redemption Price will not be lower than 95% of the NAV.

Disclosure to the effect that the repurchase price shall not be lower than 95% of the NAV. For
other details such as policies w.r.t computation of NAV, rounding off, investment in foreign securities,
procedure in case of delay in disclosure of NAV etc. refer to SAI

B. NEW FUND OFFER (NFO) EXPENSES

This section was appplicable during NFO.

C. ANNUAL SCHEME RECURRING EXPENSES

(These are the fees and expenses for operating the scheme. These expenses include Investment
Management and Advisory Fee charged by the AMC, Registrar and Transfer Agents’ fee, marketing
and selling costs etc. as given in the table below):

As per SEBI (MF) Regulations, 1996, recurring expenses will not exceed the regulatory limit of 1.00%
of the Scheme's daily net assets.

The total fees and expenses for operating the scheme as listed hereunder would be 1.00% of the daily
net assets which includes expenses towards management fees, commission, marketing expense and
other expense relating to operating the scheme.

Expense Head % p.a. of daily

Net Assets*
(Estimated
p.a.)
 Investment Management & Advisory Fee Upto 1.00%
Audit fees/fees and expenses of trustees
Custodial Fees
Registrar & Transfer Agent Fees including cost of providing account statements
/ IDCW / redemption cheques/ warrants
Marketing & Selling Expenses including Agents Commission and statutory
advertisement
Costs related to investor communications
Costs of fund transfer from location to location
Cost towards investor education & awareness
Brokerage & transaction cost pertaining to distribution of units
Goods & Services Tax on expenses other than investment and advisory fees
Goods & Services Tax on brokerage and transaction cost
Other Expenses (to be specified as per Reg 52 of SEBI MF Regulations)

Maximum Total expenses ratio (TER) permissible under Regulation 52 (6) Upto 1.00%
(c)^
Additional expenses under regulation 52 (6A) (c) Upto 0.05%
Additional expenses for gross new inflows from specified cities Upto 0.30%

The scheme can charge upto 1.00% of the daily net assets as management fees.

In line with clause 10.1.16.a of SEBI Master Circular, the AMC / Mutual Fund shall annually set apart
at least 1 basis points (i.e. 0.01%) on daily net assets of the scheme within the maximum limit of Total
Expense Ratio as per Regulation 52 of the SEBI (MF) Regulations for investor education and awareness
initiatives

Note: SEBI vide its letter no. SEBI/HO/IMD-SEC-3/P/OW/2023/5823/1 dated February 24, 2023 and
AMFI letter dated No. 35P/ MEM-COR/ 85-a/ 2022-23 dated March 02, 2023 has directed AMCs to
keep B-30 incentive structure in abeyance with effect from March 01, 2023 till further notice.
No commission / brokerage shall be paid by this scheme to the distributors.

The AMC shall adhere provisions of Chapter 10 of SEBI Master Circular dated May 19, 2023 and
various guidelines specified by SEBI as amended from time to time, with reference to charging of fees
and expenses. Accordingly:

a. All scheme related expenses including commission paid to distributors, shall be paid from the
Scheme only within the regulatory limits and not from the books of the AMC, its associates,
sponsor, trustee or any other entity through any route.
Provided that, such expenses that are not specifically covered in terms of Regulation 52 (4) can be
paid out of AMC books at actual or not exceeding 2 bps of the Scheme AUM, whichever is lower.
b. No pass back, either directly or indirectly, shall be given by the Fund / the AMC / Distributors to
the investors.

Illustration in returns between Regular and Direct Plan

Particulars Regular Plan Direct Plan

Amount invested at the beginning of the year (Rs,) 10,000 10,000
Returns before Expenses (Rs.) 1,500 1,500
Expenses other than Distribution Expenses (Rs.) 150 150
Distribution Expenses (Rs.) 50 -
Returns after Expenses at the end of the year (Rs.) 1,300 1,350
Returns 13.00% 13.50%
Disclosure on Goods and Services Tax:
Goods and Services Tax on investment management and advisory fees shall be in addition to the above
expense.

Further, with respect to Goods and Services Tax on other than management and advisory fees:
- Goods and Services Tax on other than investment and advisory fees, if any, shall be borne by the
scheme within the maximum limit of TER as per regulation 52 of the Regulations.
- Goods and Services Tax on brokerage and transaction cost paid for asset purchases, if any, shall
be within the limit prescribed under regulation 52 of the Regulations.

For the actual current expenses being charged to the Scheme, the investor should refer to the website of
the mutual fund at www.bandhanmutual.com (Home > Total Expense Ratio of Mutual Fund Schemes).
Any change proposed to the current expense ratio will be updated on the website at least three working
days prior to the change.

As per the Regulations, the total recurring expenses that can be charged to the Scheme in this Scheme
information document shall be subject to the applicable guidelines. The total recurring expenses of the
Scheme, will however be limited to the ceilings as prescribed under Regulation 52(6) of the
Regulations.
Illustration in returns between Regular and Direct Plan

Particulars Regular Plan Direct Plan

Amount invested at the beginning of the year (Rs,) 10,000 10,000
Returns before Expenses (Rs.) 1,500 1,500
Expenses other than Distribution Expenses (Rs.) 150 150
Distribution Expenses (Rs.) 50 -
Returns after Expenses at the end of the year (Rs.) 1,300 1,350
Returns 13.00% 13.50%

D. LOAD STRUCTURE

Exit Load is an amount which is paid by the investor to redeem the units from the scheme. Load amounts
are variable and are subject to change from time to time. For the current applicable structure, please
refer to the website of the AMC (www.Bandhanmutual.com) or may call at (toll free no.1-800-26666
88/ 1-800-2666688.) or your distributor.

Type of Load Load chargeable (as %age of NAV)

Exit Nil

All switches will be treated as redemption in the source scheme and subscription in the destination
scheme, with the entry and exit load as may be applicable.

Switches of following kind within the Scheme will also not attract any exit load - (i) switch from Direct
Plan to Regular Plan; (ii) switch from Regular Plan to Direct Plan where the investment in Regular Plan
is without a Distributor (ARN) code; (iii) within different Options (Income Distribution cum capital
withdrawal /growth) of the same Plan (Direct/Regular) of the Scheme.
SECTION II
I. INTRODUCTION

A. Definitions/interpretation
Refer the following link for Definitions/interpretations
https://bandhanmutual.com/downloads/sid

B. Risk factors

Scheme specific risk factors

• The Scheme attempts to track the respective indices and it would invest in the securities included in
its Underlying indices regardless of their investment merit. The Scheme may be affected by a general
decline in the Indian markets.
• Performance of the Nifty Alpha 50 Index will have a direct bearing on the performance of the scheme.
In the event the Nifty Alpha 50 Index is dissolved or is withdrawn by NSE Indices Limited (NSEIL) or
is not published due to any reason whatsoever, the Trustee reserves the right to modify the respective
scheme so as track a different and suitable index or to suspend tracking the Nifty Alpha 50 Index till
such time it is dissolved / withdrawn or not published and appropriate intimation will be sent to the
Unit holders of the scheme. In such a case, the investment pattern will be modified suitably to match
the composition of the securities that are included in the new index to be tracked and the scheme will
be subject to tracking errors during the intervening period.
• Tracking errors are inherent in any index fund and such errors may cause the scheme to generate returns
which are not in line with the performance of the Nifty Alpha 50 Index or one or more securities covered
by / included in the Nifty Alpha 50 Index and may arise from a variety of factors including but not
limited to, any delay in the purchase or sale of shares due to illiquidity in the market, settlement and
realisation of sales proceeds, delay in credit of securities or in receipt and consequent reinvestment of
Income Distribution cum capital withdrawal, etc.
• The Indices reflect the prices of securities at a point in time, which is the price at close of business day
on National Stock Exchange of India Limited (NSE). The scheme however, may trade these securities
at different points in time during the trading session and therefore the prices at which the scheme trade
may not be identical to the closing price of each scrip on that day on the NSE. In addition, the scheme
may opt to trade the same securities on different exchanges due to price or liquidity factors, which may
also result in traded prices being at variance, from NSE closing prices.
• NSEIL undertakes periodic reviews of the securities that are represented in the Nifty Alpha 50 Index
and from time to time may exclude existing securities or include new ones. In such an event, the scheme
will endeavor to reallocate its portfolio to mirror the changes. However, the reallocation process may
not occur instantaneously and permit precise mirroring of the Nifty Alpha 50 Index during this period.
• The potential of trades to fail may result in the scheme not having acquired the security at the price
necessary to mirror the index.
• Transaction and other expenses, such as but not limited to brokerage, custody, trustee and investment
management fees.
• Being an open-ended scheme, the scheme may hold appropriate levels of cash or cash equivalents to
meet ongoing redemptions. The scheme may not be able to acquire or sell the desired number of
securities due to conditions prevailing in the securities market, such as, but not restricted to: circuit
filters in the securities, liquidity and volatility in security prices.
• Due to the reasons mentioned above and other reasons that may arise, it is expected that the scheme
may have a tracking error in the range of 2-3% per annum from the Benchmark. However, it needs to
be clearly understood that the actual tracking error can be higher or lower than the range given.
• In case of investments in derivatives like index futures, the risk reward would be the same as
investments in portfolio of shares representing an index. However, there may be a cost attached to
buying an index future. Further, there could be an element of settlement risk, which could be different
from the risk in settling physical shares and there is a risk attached to the liquidity and the depth of the
index futures market as it is relatively new market.
• Price-Risk or Interest-Rate Risk: Fixed income securities such as bonds, debentures and money
market instruments run price-risk or interest-rate risk. Generally, when interest rates rise, prices of
existing fixed income securities fall and when interest rates drop, such prices increase. The extent of
fall or rise in the prices is a function of the existing coupon, days to maturity and the increase or
decrease in the level of interest rates.
• Credit Risk: In simple terms this risk means that the issuer of a debenture/bond or a money market
instrument may default on interest payment or even in paying back the principal amount on maturity.
Even where no default occurs, the price of a security may go down because the credit rating of an
issuer goes down. It must, however, be noted that where the Scheme(s) has invested in Government
Securities, there is no credit risk to that extent. Different types of securities in which the scheme(s)
would invest as given in the scheme information document carry different levels and types of risk.
Accordingly, the scheme’s risk may increase or decrease depending upon its investment pattern. E.g.
corporate bonds carry a higher amount of risk than Government securities. Further even among
corporate bonds, bonds which are AAA rated are comparatively less risky than bonds which are AA
rated.
• Re-investment Risk: Investments in fixed income securities may carry re-investment risk as interest
rates prevailing on the interest or maturity due dates may differ from the original coupon of the bond.
Consequently, the proceeds may get invested at a lower rate.
• Basis Risk (Interest - rate movement): During the life of a floating rate security or a swap, the
underlying benchmark index may become less active and may not capture the actual movement in
interest rates or at times the benchmark may cease to exist. These types of events may result in loss of
value in the portfolio.
• Spread Risk: In a floating rate security the coupon is expressed in terms of a spread or mark up over
the benchmark rate. However, depending upon the market conditions, the spreads may move adversely
or favorably leading to fluctuation in the NAV.
• Liquidity Risk: Due to the evolving nature of the floating rate market, there may be an increased risk
of liquidity risk in the portfolio from time to time.
• Other Risk: In case of downward movement of interest rates, floating rate debt instruments will give
a lower return than fixed rate debt instruments.

Risk Associated with Investing in Equities

a. Investments in the equity shares of the Companies constituting the Underlying Index are subject to
price fluctuation on daily basis. The volatility in the value of equity is due to various micro and macro-
economic factors like economic and political developments, changes in interest rates, etc. affecting the
securities markets. This may have adverse impact on individual securities/sector and consequently on
the NAV of Scheme.
b. The Scheme would invest in the securities comprising the Underlying Index in the same proportion as
the securities have in the Index. Hence, the risk associated with the corresponding Underlying Index
would be applicable to the Scheme. The Underlying Index has its own criteria and policy for
inclusion/exclusion of securities from the Index, its maintenance thereof and effecting corporate
actions. The Fund would invest in the securities of the Index regardless of investment merit, research,
without taking a view of the market and without adopting any defensive measures. The Fund would
not select securities in which it wants to invest but is guided by the Underlying Index. As such the
Scheme is not actively managed but is passively managed.
c. Risks of Total Return Dividends are assumed to be reinvested into the Nifty Alpha 50 TRI after the ex-
 dividend date of the constituents. However, in practice, the dividend is received with a lag. This can
lead to some tracking error.

Market Risk
The Scheme’s NAV will react to stock market movements. The value of investments in the scheme may go
down over a short or long period due to fluctuations in Scheme’s NAV in response to factors such as
performance of companies whose stock comprises the underlying portfolio, economic and political
developments, changes is government policies, changes in interest rates, inflation and other monetary
factors causing movement in prices of underlining investments.

Concentration risk
This is the risk arising from over exposure to few securities/issuers/sectors.

Passive Investments

The Scheme is not actively managed. Since the Scheme is linked to index, it may be affected by a general
decline in the Indian markets relating to its underlying index. The Scheme as per its investment objective
invests in Securities which are constituents of its underlying index regardless of their investment merit. The
AMC does not attempt to individually select stocks or to take defensive positions in declining markets.

Right to Limit Redemptions

The Trustee, in the general interest of the unit holders of the Scheme offered under this SID and keeping in
view of the unforeseen circumstances/unusual market conditions, may limit the total number of Units which
can be redeemed on any Business Day subject to the guidelines/circulars issued by the Regulatory
Authorities from time to time.

Risk Factors relating to Portfolio Rebalancing

In the event that the asset allocation of the Scheme deviates from the ranges as provided in the asset
allocation table in this SID, then the Fund Manager will rebalance the portfolio of the Scheme to the position
indicated in the asset allocation table.

Risk Associated with Index Fund

The Scheme being an index scheme follows a passive investment technique and shall only invest in
Securities comprising one selected index as per investment objective of the Scheme. The Fund Manager
would invest in the Securities comprising the underlying index irrespective of the market conditions. If the
Securities market declines, the value of the investment held by the Scheme shall decrease.

Risks associated with Debt / Money Markets

a) Credit Risk: Securities carry a Credit risk of repayment of principal or interest by the borrower. This
risk depends on micro-economic factors such as financial soundness and ability of the borrower as also
macroeconomic factors such as Industry performance, Competition from Imports, Competitiveness of
Exports, Input costs, Trade barriers, Favorability of Foreign Currency conversion rates, etc. Credit risks
of most issuers of Debt securities are rated by Independent and professionally run rating agencies.
Ratings of Credit issued by these agencies typically range from "AAA" (read as "Triple A" denoting
"Highest Safety") to "D" (denoting "Default"), with about 6 distinct ratings between the two extremes.
The highest credit rating (i.e. lowest credit risk) commands a low yield for the borrower. Conversely,
the lowest credit rated borrower can raise funds at a relatively higher cost. On account of a higher credit
risk for lower rated borrowers’ lenders prefer higher rated instruments further justifying the lower
yields.
b) Price-Risk or Interest-Rate Risk: From the perspective of coupon rates, Debt securities can be
classified in two categories, i.e., Fixed Income bearing Securities and Floating Rate Securities. In Fixed
Income Bearing Securities, the Coupon rate is determined at the time of investment and paid/received
at the predetermined frequency. In the Floating Rate Securities, on the other hand, the coupon rate
changes - 'floats' - with the underlying benchmark rate, e.g., MIBOR, 1 yr. Treasury Bill. Fixed Income
Securities (such as Government Securities, bonds, debentures and money market instruments) where a
fixed return is offered, run price-risk. Generally, when interest rates rise, prices of fixed income
securities fall and when interest rates drop, the prices increase. The extent of fall or rise in the prices is
a function of the existing coupon, the payment-frequency of such coupon, days to maturity and the
increase or decrease in the level of interest rates. The prices of Government Securities (existing and
new) will be influenced only by movement in interest rates in the financial system. Whereas, in the case
of corporate or institutional fixed income securities, such as bonds or debentures, prices are influenced
not only by the change in interest rates but also by credit rating of the security and liquidity thereof.
However, debt securities in the scheme are intended to be held till 13 maturity. For such securities held
till maturity, there will not be any interest rate risk at the end of the tenure. Floating rate securities issued
by a government (coupon linked to treasury bill benchmark or a real return inflation linked bond) have
the least sensitivity to interest rate movements, as compared to other securities. The Government of
India has already issued a few such securities and the Investment Manager believes that such securities
may become available in future as well. These securities can play an important role in minimizing
interest rate risk on a portfolio.

Risk of Rating Migration: The following table illustrates the impact of change of rating (credit worthiness)
on the price of a hypothetical AA rated security with a maturity period of 3 years, a coupon of 10.00%
p.a. and a market value of Rs. 100. If it is downgraded to A category, which commands a market yield of,
say, 11.00% p.a., its market value would drop to Rs. 97.53 (i.e. 2.47%) If the security is up-graded to AAA
category which commands a market yield of, say, 9.00% p.a. its market value would increase to Rs102.51
(i.e. by 2.51%). The figures shown in the table are only indicative and are intended to demonstrate how the
price of a security can be affected by change in credit rating. Rating Yield (% p.a.) Market Value (Rs.) AA
10.00 100.00 If upgraded to AAA 9.00 102.51 If downgraded to A 11.00 97.53.

c) Basis Risk: During the life of floating rate security or a swap the underlying benchmark index may
become less active and may not capture the actual movement in the interest rates or at times the
benchmark may cease to exist. These types of events may result in loss of value in the portfolio. Where
swaps are used to hedge an underlying fixed income security, basis risk could arise when the fixed
income yield curve moves differently from that of the swap benchmark curve.

d) Spread Risk: In a floating rate security the coupon is expressed in terms of a spread or mark up over
the benchmark rate. However, depending upon the market conditions the spreads may move adversely
or favourably leading to fluctuation in NAV.

e) Reinvestment Risk: Investments in fixed income securities may carry reinvestment risk as interest
rates prevailing on the interest or maturity due dates may differ from the original coupon of the bond.
Consequently, the proceeds may get invested at a lower rate.

f) Liquidity Risk: The corporate debt market is relatively illiquid vis-a- vis the government securities
market. There could therefore be difficulties in exiting from corporate bonds in times of uncertainties.
Liquidity in a scheme therefore may suffer. Even though the Government Securities market is more
liquid compared to that of other debt instruments, on occasions, there could be difficulties in transacting
in the market due to extreme volatility or unusual constriction in market volumes or on occasions when
 an unusually large transaction has to be put through. In view of this, redemption may be limited or
suspended after approval from the Boards of Directors of the AMC and the Trustee.

g) Risk envisaged and mitigation measures for repo transactions: Credit risks could arise if the
counterparty does not return the security as contracted or interest received by the counter party on due
date. This risk is largely mitigated, as the choice of counterparties is largely restricted and their credit
rating is taken into account before entering into such transactions. Also operational risks are lower as
such trades are settled on a DVP basis. In the event of the scheme being unable to pay back the money
to the counterparty as contracted, the counter party may dispose of the assets (as they have sufficient
margin) and the net proceeds may be refunded to us. Thus, the scheme may in remote cases suffer losses.
This risk is normally mitigated by better cash flow planning to take care of such repayments.

Risk factors with investing in Derivatives

Derivative products are leveraged instruments and can provide disproportionate gains as well as
disproportionate losses to the investor. Execution of such strategies depends upon the ability of the fund
manager to identify such opportunities. Identification and execution of the strategies to be pursued by the
fund manager involve uncertainty and decision of fund manager may not always be profitable. No assurance
can be given that the fund manager will be able to identify or execute such strategies. The risks associated
with the use of derivatives are different from or possibly greater than, the risks associated with investing
directly in securities and other traditional investments. As and when the Scheme trade in the derivatives
market there are risk factors and issues concerning the use of derivatives that investors should understand.

Derivative products are specialized instruments that require investment techniques and risk analyses different
from those associated with stocks and bonds. The use of a derivative requires an understanding not only of the
underlying instrument but of the derivative itself. Derivatives require the maintenance of adequate controls
to monitor the transactions entered into, the ability to assess the risk that a derivative adds to the portfolio
and the ability to forecast price or interest rate movements correctly. There is the possibility that a loss may
be sustained by the portfolio as a result of the failure of another party (usually referred to as the “counter
party”) to comply with the terms of the derivatives contract.

The specific risk factors arising out of a derivative strategy used by the Fund Manager may be as below:
Lack of opportunity available in the market;
The risk of mispricing or improper valuation and the inability of derivatives to correlate perfectly
with underlying assets, rates and indices.

Other risks in using derivatives include the risk of mispricing or improper valuation of derivatives and the
inability of derivatives to correlate perfectly with underlying assets, rates and indices.

Tracking Error Risk:

The Fund Manager would not be able to invest the entire corpus exactly in the same proportion as in the
underlying index due to certain factors such as the fees and expenses of the scheme, corporate actions, cash
balance, changes to the underlying index, non-availability of issuances, regulatory policies and any such
reasons that may affect AMC’s ability to achieve close correlation with the underlying index of the scheme.
The scheme’s returns may therefore deviate from those of its underlying index. “Tracking Difference” is the
difference of return between the fund and its respective benchmark. “Tracking Error” is defined as the
standard deviation of the difference between daily returns of the underlying index and the NAV of the
respective scheme. Tracking difference /Tracking Error may arise including but not limited to the following
reasons: -
h) Expenditure incurred by the fund.
i) The holding of a cash position and accrued income prior to distribution of income and payment of
accrued expenses. The fund may not be invested at all time as it may keep a portion of the funds in
cash to meet redemptions or for corporate actions.
j) Securities trading may halt temporarily due to circuit filters.
k) Corporate actions such as debenture or warrant conversion, merger, change in constituents etc.
l) Disinvestments to meet redemptions, recurring expenses, etc.
m) Execution of large buy / sell orders
n) Transaction cost (including taxes and insurance premium) and recurring expenses
o) Realisation of Unit holders’ funds.

It will be the endeavor of the fund manager to keep the tracking error as low as possible. Under normal
circumstances, such tracking error is not expected to exceed 2% per annum. However, in certain events like
market volatility during rebalancing of the portfolio following the rebalancing of the underlying index, etc.
or in abnormal market circumstances, the tracking error may exceed the above limits. In case of unavoidable
circumstances in the nature of force majeure, which are beyond the control of the AMCs, the tracking error
may exceed 2% and the same shall be brought to the notice of Trustees with corrective actions taken by the
AMC, if any. The Fund existence for a period of less than one year, the annualized standard deviation shall
be calculated based on available data.

Risk specific to investing in securities forming part of NIFTY Alpha 50 Index and risks:-
The index tracks the performance of 50 stocks listed on NSE with high alphas selected from top 300
companies by average free float market capitalisation and average daily turnover for the last six months.
For eligible securities, Jensen’s Alpha based on CAPM is calculated using trailing 1 year prices (adjusted
for corporate actions). The risk to investing in these companies would emanate from market risk in general
in case equity markets enter a correction/consolidation phase. Also, the underlying scheme by mandate
restricts its investments to securities of the underlying index which represents the Nifty Alpha 50 Index
having 50 constituents and will therefore be subject to the risks associated with such selection. In addition,
the underlying scheme will be subject to certain risks associated with investment in high alpha stocks and
high alpha fund management strategies.

Risks associated with segregated portfolio:

p) Liquidity risk – A segregated portfolio is created when a credit event / default occurs at an issuer level
in the scheme. This may reduce the liquidity of the security issued by the said issuer, as demand for this
security may reduce. This is also further accentuated by the lack of secondary market liquidity for corporate
papers in India. As per SEBI norms, the scheme is to be closed for redemption and subscriptions until the
segregated portfolio is created, running the risk of investors being unable to redeem their investments.
However, it may be noted that, the proposed segregated portfolio is required to be formed within one day
from the occurrence of the credit event.

Investors may note that no redemption and subscription shall be allowed in the segregated portfolio.
However, in order to facilitate exit to unit holders in segregated portfolio, AMC shall list the units of the
segregated portfolio on a recognized stock exchange within 10 working days of creation of segregated
portfolio and also enable transfer of such units on receipt of transfer requests. For the units listed on the
exchange, it is possible that the market price at which the units are traded may be at a discount to the NAV
of such Units. There is no assurance that an active secondary market will develop for units of segregated
portfolio listed on the stock exchange. This could limit the ability of the investors to resell them.
q) Valuation risk - The valuation of the securities in the segregated portfolio is required to be carried out
in line with the applicable SEBI guidelines. However, it may be difficult to ascertain the fair value of the
securities due to absence of an active secondary market and difficulty to price in qualitative factors.

Risk envisaged and mitigation measures for repo transactions

Credit risks could arise if the counterparty does not return the security as contracted or interest received by
the counter party on due date. This risk is largely mitigated, as the choice of counterparties is largely
restricted and their credit rating is considered before entering into such transactions. Also, operational risks
are lower as such trades are settled on a DVP basis. In the event of the scheme being unable to pay back the
money to the counterparty as contracted, the counter party may dispose of the assets (as they have sufficient
margin) and the net proceeds may be refunded to us. Thus, the scheme may in remote cases suffer losses.
This risk is normally mitigated by better cash flow planning to take care of such repayments.

Different types of securities in which the scheme would invest as given in the SID carry different levels and
types of risk. Accordingly, the scheme’s risk may increase or decrease depending upon its investment
pattern.
E.g. corporate bonds carry a higher amount of risk than Government securities. Further even among
corporate bonds, bonds, which are AA rated, are comparatively more risky than bonds, which are AAA
rated.

Trading through mutual fund trading platforms of BSE and/ or NSE

In respect of transaction in Units of the Scheme through BSE and/ or NSE, allotment and redemption of
Units on any Business Day will depend upon the order processing/settlement by BSE and/ or NSE and their
respective clearing corporations on which the Mutual Fund has no control.

Risks associated with investing in Government of India Securities

r) Market Liquidity risk with fixed rate Government of India Securities even though the Government of
India Securities market is more liquid compared to other debt instruments, on certain occasions, there
could be difficulties in transacting in the market due to extreme volatility leading to constriction in
market volumes. Also, the liquidity of the Scheme may suffer in case the relevant guidelines issued by
Reserve Bank of India undergo any adverse changes.
s) Interest Rate risk associated with Government of India Securities - while Government of India
Securities generally carry relatively minimal credit risk since they are issued by the Government of
India, they do carry price risk depending upon the general level of interest rates prevailing from time to
time. Generally, when interest rates rise, prices of fixed income securities fall and when interest rates
decline, the prices of fixed income securities increase. The extent of fall or rise in the prices is a
function of the coupon rate, days to maturity and the increase or decrease in the level of interest rates.
The price-risk is not unique to Government of India Securities. It exists for all fixed income securities.
Therefore, their prices tend to be influenced more by movement in interest rates in the financial system
than by changes in the government's credit rating. By contrast, in the case of corporate or institutional
fixed income Securities, such as bonds or debentures, prices are influenced by their respective credit
standing as well as the general level of interest rates.

Risks associated with investing in TREPS Segments

The mutual fund is a member of securities and TREPS segments of the Clearing Corporation of India
(CCIL). All transactions of the mutual fund in government securities and in TREPS segments are settled
centrally through the infrastructure and settlement systems provided by CCIL; thus reducing the settlement
and counterparty risks considerably for transactions in the said segments. The members are required to
contribute an amount as communicated by CCIL from time to time to the default fund maintained by CCIL
as a part of the default waterfall (a loss mitigating measure of CCIL in case of default by any member in
settling transactions routed through CCIL). The mutual fund is exposed to the extent of its contribution to
the default fund of CCIL at any given point in time. In the event that the default waterfall is triggered and
the contribution of the mutual fund is called upon to absorb settlement/default losses of another member by
CCIL, the scheme may lose an amount equivalent to its contribution to the default fund allocated to the
scheme on a pro-rata basis.

Risk associated with potential change in Tax structure

This summary of tax implications given in the taxation section (Units and Offer Section III) is based on the
current provisions of the applicable tax laws. This information is provided for general purpose only. The
current taxation laws may change due to change in the ‘Income Tax Act 1961’ or any subsequent
changes/amendments in Finance Act/Rules/Regulations. Any change may entail a higher outgo to the
scheme or to the investors by way of securities transaction taxes, fees, taxes etc. thus adversely impacting
the scheme and its returns.

C. Risk mitigation strategies

The Fund by utilizing a holistic risk management strategy will endeavor to manage risks associated with
investing in debt and equity markets. The risk control process involves identifying & measuring the risk
through various risk measurement tools.

The Fund has identified following risks of investing in equity and debt and designed risk management
strategies, which are embedded in the investment process to manage such risks.

Risk associated with Debt Investment

Risk Description Risk Mitigants/management strategy

Market Risk In a rising interest rates scenario the Fund
As with all debt securities, changes in interest rates Managers will endeavor to increase its investment
may affect the Scheme’s Net Asset Value as the in money market securities whereas if the interest
prices of securities generally increase as interest rates are expected to fall the allocation to debt
rates decline and generally decrease as interest securities with longer maturity will be increased
rates rise. Prices of long-term securities generally thereby mitigating risk to that extent.
fluctuate more in response to interest rate changes
than do short-term securities. Indian debt markets
can be volatile leading to the possibility of price
movements up or down in fixed income securities
and thereby to possible movements in the NAV.
Liquidity or Marketability Risk The Scheme may invest in government securities,
This refers to the ease with which a security can corporate bonds and money market instruments.
be sold at or near to its valuation Yield-To- While the liquidity risk for government securities,
Maturity (YTM). The primary measure of money market instruments and short maturity
liquidity risk is the spread between the bid price corporate bonds may be low, it may be high in case
and the offer price quoted by a dealer. Liquidity of medium to long maturity corporate bonds.
risk is today characteristic of the Indian fixed Liquidity risk is today characteristic of the Indian
income market. fixed income market. The fund will however,
endeavor to minimise liquidity risk by investing in
securities having a liquid market.
 Credit Risk A traditional SWOT analysis will be used for
Credit risk or default risk refers to the risk that an identifying company specific risks.
issuer of a fixed income security may default (i.e., Management’s past track record will also be
will be unable to make timely principal and studied. In order to assess financial risk a detailed
interest payments on the security). Because of this assessment of the issuer’s financial statements will
risk corporate debentures are sold at a higher yield be undertaken to review its ability to undergo
above those offered on Government Securities stress on cash flows and asset quality. A detailed
which are sovereign obligations and free of credit evaluation of accounting policies, off balance
risk. Normally, the value of a fixed income sheet exposures, notes, auditors’comments and
security will fluctuate depending upon the disclosure standards will also be made to assess
changes in the perceived level of credit risk as well the overall financial risk of the potential borrower.
as any actual event of default. The greater the
credit risk, the greater the yield
required for someone to be compensated for the
increased risk.
Reinvestment Risk Reinvestment risks will be limited to the extent of
This risk refers to the interest rate levels at which coupons received on debt instruments, which will
cash flows received from the securities in the be a very small portion of the portfolio value.
Scheme are reinvested. The additional income
from reinvestment is the “interest on interest”
component. The risk is that the rate at which
interim cash flows can be reinvested may be lower
than that originally assumed.

Risks associated with Equity investment

Risk Description Risk Mitigants/management strategy

Market Risk Market risk is inherent to an equity scheme. Being
The scheme is vulnerable to movements in the a passively managed scheme, it will invest in the
prices of securities invested by the scheme, which securities included in its Underlying Index.
could have a material bearing on the overall
returns from the scheme. The value of the
Scheme’s investments, may be affected generally
by factors affecting securities markets, such as
price and volume, volatility in the capital markets,
interest rates, currency exchange rates, changes in
policies of the Government, taxation laws or any
other appropriate authority policies and other
political and economic developments which may
have an adverse bearing on individual securities,
a specific sector or all sectors
including equity and debt markets.
Liquidity risk The Scheme will try to maintain a proper
The liquidity of the Scheme’s investments is assetliability match to ensure redemption
inherently restricted by trading volumes in the payments are made on time and not affected by
securities in which it invests. illiquidity of the underlying stocks
Derivatives Risk The fund has provision for using derivative
As and when the Scheme trades in the derivatives instruments for portfolio balancing purposes.
market there are risk factors and issues concerning Investments in derivative instruments will be used
the use of derivatives that Investors should as per local (RBI and SEBI) regulatory guidelines.
understand. Derivative products are specialized
 instruments that require investment techniques The fund will endeavor to maintain adequate
and risk analyses different from those associated controls to monitor the derivatives transactions
with stocks and bonds. The use of a derivative entered into.
requires an understanding not only of the
underlying instrument but also of the derivative
itself. Derivatives require the maintenance of
adequate controls to monitor the transactions
entered into, the ability to assess the risk that a
derivative adds to the portfolio and the ability to
forecast price or interest rate movements
correctly. There is the possibility that a loss may
be sustained by the portfolio as a result of the
failure of another party (usually referred to as the
“counter party”) to comply with the terms of the
derivatives contract. Other risks in using
derivatives include the risk of mis- pricing or
improper valuation of derivatives and the inability
of derivatives to correlate perfectly with
underlying assets, rates and indices.
Tracking Error risk (Volatility/ Concentration Tracking Error risk (Volatility/ Concentration
risk) The performance of the Scheme may not risk)
commensurate with the performance of the Over a short to medium period, the Scheme may
underlying Index viz. Nifty Alpha 50 Index Fund carry the risk of variance between portfolio
on any given day or over any given period. composition and Benchmark. The objectives of
the scheme are too closely track the performance
of the Underlying Index over the same period,
subject to tracking error. The Scheme would
endeavor to maintain a low tracking error by
actively aligning the portfolio in line with the
Index.

Risks associated with money market investment

Risk Description Risk Mitigants/management strategy

Market Risk / Interest Rate Risk The Scheme may invest in money market
As with all fixed income securities, changes in instruments having relatively shorter maturity
interest rates may affect the Scheme’s Net Asset thereby mitigating the price volatility due to
Value as the prices of securities generally increase interest rate changes generally associated with
as interest rates decline and generally decrease as long-term securities.
interest rates rise. Prices of long-term securities
generally fluctuate more in response to interest
rate changes than do short-term securities. Indian
debt markets can be volatile leading to the
possibility of price movements up or down in
fixed income securities and thereby to possible
movements in
the NAV.
 Liquidity risk or Marketability Risk The Scheme may invest in money market
This refers to the ease with which a security can be instruments having relatively shorter maturity.
sold at or near to its valuation yield- to maturity While the liquidity risk for short maturity
(YTM). securities may be low, it may be high in case of
medium to long maturity securities.
Credit Risk Management analysis may be used for identifying
Credit risk or default risk refer to the risk that an company specific risks. Management’s past track
issuer of a fixed income security may default (i.e., record may also be studied.
will be unable to make timely principal and
interest payments on the security).

II. Information about the scheme:

A. Where will the scheme invest –

The corpus of the Scheme will be invested in equity and equity related products & in debt and money market
instruments. Subject to the Regulations, the corpus of the Scheme can be invested in any (but not exclusively)
of the following securities / instruments:

1. Equity and Equity related instruments belonging to Nifty Alpha 50 index.

2. Equity Derivatives
3. Debt securities and money market instruments including G-Sec/T-Bills/Cash Management Bills
and TREPS/Repo/Reverse Repo
4. Certificate of Deposits (CDs).
5. Commercial Paper (CPs).
6. Other Mutual Funds
7. Any other securities / instruments as may be permitted by SEBI from time to time, subject to regulatory
approvals if any.
The securities mentioned above could be listed, privately placed, secured, unsecured and of any maturity.
The securities may be acquired through secondary market operations, private placement, rights offers or
negotiated deals.

Pending deployment of funds of the Scheme in securities in terms of the investment objective of the Scheme,
the AMC may park the funds of the Scheme in short term deposits of scheduled commercial banks, subject
to the guidelines mentioned under clause 12.16 of Master Circular. The AMC shall not charge any investment
management and advisory fees for parking of funds in such short term deposits of scheduled commercial
banks for the scheme.

The Scheme may also enter into repurchase and reverse repurchase obligations in all securities held by it as
per the guidelines and regulations applicable to such transactions.

A broad description of various securities:

Equity and Equity-Related Instruments:

1. Equity share is a security that represents an ownership interest in a company. It is issued to those who
have contributed capital in setting up an enterprise.

2. Equity Related Instruments are securities that give the holder of the security right to receive equity
shares on pre agreed terms. It includes convertible debentures, convertible preference shares, warrants
carrying the right to obtain equity shares, equity derivatives and such other instruments as may be
 specified by the Board from time to time.

3. Equity Derivatives are financial instruments, generally traded on an exchange, the price of which is
directly dependent upon (i.e. “derived from”) the value of equity shares or equity indices. Derivatives
involve the trading of rights or obligations based on the underlying, but do not directly transfer
property.

4. Derivatives:

Futures are exchange-traded contracts to sell or buy financial instruments for future delivery at an agreed
price. There is an agreement to buy or sell a specified quantity of financial instruments on a designated
future date at a price agreed upon by the buyer and seller at the time of entering into a contract. To make
trading possible, the exchange specifies certain standardized features of the contract. A futures contract
involves an obligation on both the parties to fulfill the terms of the contract.

a. Option is a contract which provides the buyer of the option (also called holder) the right, without the
obligation, to buy or sell a specified asset at the agreed price on or upto a particular date. For acquiring
this privilege, the buyer pays premium (fee) to the seller. The seller on the other hand has the obligation
to buy or sell specified assets at the agreed price and for this obligation he receives premium. The
premium is determined considering a number of factors such as the market price of the underlying
asset/security, number of days to expiry, risk free rate of return, strike price of the option and the
volatility of the underlying asset. Option contracts are of two types viz:
b. Call Option - The option that gives the buyer the right to buy a specified quantity of the underlying
asset at the strike price is a call option. The buyer of the call option (known as the holder of call option)
can call upon the seller of the option (writer of the option) and buy from him the underlying asset at
the agreed price at any time on or before the expiry of the option.

The seller (writer of the option) on the other hand has the obligation to sell the underlying asset if the buyer
of the call option decides to exercise his option to buy.

c. Put Option - The right to sell is called put option. A Put option gives the holder (buyer) the right to sell
a specified quantity of the underlying asset at the strike price. The seller of the put option (one who is
short Put) however, has the obligation to buy the underlying asset at the strike price if the buyer decides
to exercise his option to sell.
Debt Instruments:

1) Non-convertible debentures as well as bonds are securities issued by companies / institutions promoted
/ owned by the Central or State governments and statutory bodies, which may or may not carry a
Central/State government guarantee, public and private sector banks, All India Financial Institutions,
private sector companies. These instruments may be secured against the assets of the company or
unsecured and generally issued to meet the short term and long term fund requirements. Rate of interest
on such instruments would depend upon spread over corresponding government security, perceived
risk, rating, tenor etc. These instruments include fixed interest security with/without put/call option,
floating rate bonds, zero coupon bonds. Frequency of the interest payment could be either
monthly/quarterly/half-yearly or annually.
2) Securities created and issued by the Central and State Governments as may be permitted by RBI,
securities guaranteed by the Central and State Governments (including but not limited to coupon
bearing bonds, zero coupon bonds and treasury bills). Special securities issued by the Government of
India to entities like Oil Marketing Companies, Fertilizer Companies, the Food Corporation of India,
etc. (popularly called oil bonds, fertilizer bonds and food bonds respectively) and special securities
issued by the State Government under “Ujjwal Discom Assurance Yojna (UDAY) Scheme for
Operational and Financial Turnaround of Power Distribution Companies (DISCOMs)” notified by
Ministry of Power vide Office Memorandum (No 06/02/2015-NEF/FRP) dated November 20, 2015,
(popularly called as UDAY Bonds). Central Government Securities are sovereign debt obligations of
the Government of India with zero-risk of default and issued on its behalf by RBI. They form part of
Government’s annual borrowing programme and are used to fund the fiscal deficit along with other
short term and long term requirements. Such securities could be fixed rate, fixed interest rate with
put/call option, zero coupon bond, floating rate bonds, capital indexed bonds, fixed interest security
with staggered maturity payment etc.
Money Market Instruments:

1) Certificate of Deposits (CDs) is a negotiable money market instrument issued by scheduled

commercial banks and select all-India Financial Institutions that have been permitted by the RBI to
raise short term resources. The maturity period of CDs issued by the Banks is between 7 days to one
year whereas in case of FIs, maturity is between one year to 3 years from the date of issue. CDs may
be issued at a discount to face value. Banks/ FIs cannot buyback their own CDs before maturity.
2) Commercial Paper (CPs) is an unsecured negotiable money market instrument issued in the form of a
promissory note, generally issued by the corporates, primary dealers and all India Financial Institutions
as an alternative source of short-term borrowings. They are issued at a discount to the face value as
may be determined by the issuer. CP is traded in the secondary market and can be freely bought and
sold before maturity.
3) Treasury Bills (T-Bills) are issued by the Government of India to meet their short-term borrowing
requirements. T-Bills are issued for maturities of 91 days, 182 days and 364 days. T-bills are issued at
a discount to their face value and redeemed at par.
4) Non-Convertible Debentures of original or initial maturity upto one year issued by corporate (including
NBFCs) by way of private placement in accordance with the provisions of master circular of RBI vide
reference no. RBI/MRD/2016-17/32 dated July 7, 2016.
5) Tri-party Repo means a repo contract where a third entity (apart from the borrower and lender), called
a Tri-Party Agent, acts as an intermediary between the two parties to the repo to facilitate services like
collateral selection, payment and settlement, custody and management during the life of the
transaction.
6) Repo (Repurchase Agreement) or Reverse Repo is a transaction in which two parties agree to sell and
purchase the same security with an agreement to purchase or sell the same security at a mutually
decided future date and price. The transaction results in collateralized borrowing or lending of funds.
When the seller sells the security with an agreement to repurchase it, it is a Repo transaction whereas
from the perspective of buyer who buys the security with an agreement to sell it at a later date, it is
reverse repo transaction. Presently in India, G-Secs, State Government Securities, T-Bills and
Corporate Debt Securities are eligible for Repo/Reverse Repo.
7) Bills Rediscounting- Bills Rediscounting. Bill rediscounting is a process where a financial institution
(generally banks) discounts the bills of exchange that it has discounted previously with another
financial institution. In other words, the original discounting bank sells its discounted bills to another
bank or financial institution at a discount. The new institution pays the original institution the present
value of the bills minus a discount, and in return, it becomes the holder of the bills until maturity, when
it receives the full payment from the debtor. Bill rediscounting is a way for financial institutions to
manage their liquidity and meet short-term funding requirements.
8) Cash Management Bills (CMB) are issued by Government of India to meet the temporary cash flow
mismatches of the Government. CMBs are non-standard, discounted instruments issued for maturities
less than 91 days. CMBs are issued at discount to the face value through auctions. The settlement of
the auction will be on T+1 basis.

B. What are the investment restrictions?

Pursuant to the Regulations and amendments thereto, the following investment restrictions are presently
applicable to the Scheme:

1) The Fund under all its schemes shall not own more than 10% of any company’s paid up capital carrying
voting rights.
Provided that investment in asset management company or the trustee company of a mutual fund shall
be governed by clause (a) sub-regulation (1) of regulation 7B of the Regulations.

2) The Scheme shall buy and sell securities on the basis of deliveries and shall in all cases of purchases,
take delivery of relevant securities and in all cases of sale, deliver the securities;

Provided further that the Scheme may enter into derivatives transactions in a recognised stock
exchange, subject to the framework specified by SEBI;

Provided further that sale of government security already contracted for purchase shall be permitted in
accordance with the guidelines issued by the Reserve Bank of India in this regard.

3) All investments by the Scheme in equity shares and equity related instruments shall only be made
provided such securities are listed or to be listed.

4) The Scheme shall not invest more than 10% of its NAV in debt instruments comprising money market
instruments and non-money market instruments issued by a single issuer which are rated not below
investment grade by a credit rating agency authorised to carry out such activity under the SEBI Act.
Such investment limit may be extended to 12% of the NAV of the Scheme with the prior approval of the
Boards of the Trustee Company and the AMC;

Considering the nature of the Scheme, investments in such instruments will be permitted up to
5% of its NAV.

Provided that such limit shall not be applicable for investments in Government Securities, treasury
bills and tri-party repos on government securities or treasury bills;

Further, in accordance with clause 12.8.3 of SEBI Master Circular, within the limits specified above,
following prudential limits shall be followed for the scheme:
The scheme shall not invest more than:
• 10% of its NAV in debt and money market securities rated AAA; or
• 8% of its NAV in debt and money market securities rated AA; or
• 6% of its NAV in debt and money market securities rated A and below issued by a single issuer.

The above investment limits may be extended by up to 2% of the NAV of the scheme with prior approval
of the Board of Trustees and Board of Directors of the AMC, subject to compliance with the overall
12% limit specified in clause 1 of Seventh Schedule of MF Regulation.

5) The Scheme shall not make any investment in:

i. any unlisted security of an associate or group company of the sponsor;
ii. any security issued by way of private placement by an associate or group company of the sponsor or
iii. the listed securities of group companies of the sponsor which is in excess of 25% of the net assets.

6) Transfer of investments from one Scheme to another Scheme in the same Mutual Fund is permitted
provided:
i. such transfers are done at the prevailing market price for quoted instruments on spot basis and in line
provisions under clause 12.30 of SEBI Master Circular and as may be specified by SEBI from time to
time, in this regard; and
the securities so transferred shall be in conformity with the investment objective of the Scheme to
which such transfer has been made.
ii. the same are in line with clause 12.30 of SEBI Master Circular.

7) The Scheme may invest in other Schemes under the same AMC or any other Mutual Fund without
charging any fees, provided the aggregate inter-Scheme investment made by all the Schemes under the
same management or in Schemes under management of any other asset management company shall
not exceed 5% of the Net Asset Value of the Fund. Provided that this clause shall not apply to any
Fund of Funds scheme.

8) The Fund shall get the securities purchased transferred in the name of the Fund on account of the
concerned Scheme, wherever investments are intended to be of a long-term nature.

9) All the Scheme’s investments will be in transferable securities.

10) No loans for any purpose can be advanced by the Scheme.

11) The Fund shall not borrow except to meet temporary liquidity needs of the Fund for the purpose of
repurchase/ redemption of units or payment of interest and/or Income Distribution cum capital
withdrawal to the Unitholder’s, provided that the Fund shall not borrow more than 20% of the net
assets of the individual Scheme and the duration of the borrowing shall not exceed a period of 6
months.

12) Pending deployment of the funds of the Scheme in securities in terms of the investment objective of
the Scheme, the AMC may park the funds of the Scheme in short term deposits of scheduled
commercial banks, subject to the guidelines issued by SEBI from time to time. currently, the following
guidelines/restrictions are applicable for parking of funds in short term deposits:
• “Short Term” for such parking of funds by the Scheme shall be treated as a period not exceeding 91
days.
• Such short-term deposits shall be held in the name of the Scheme.
• The Scheme shall not park more than 15% of the net assets in short term deposit(s) of all the scheduled
commercial banks put together. However, such limit may be raised to 20% with prior approval of the
Trustee.
• Parking of funds in short term deposits of associate and sponsor scheduled commercial banks together
shall not exceed 20% of total deployment by the Mutual Fund in short term deposits.
• The Scheme shall not park more than 10% of the net assets in short term deposit(s),with any one
scheduled commercial bank including its subsidiaries.
• The Scheme shall not park funds in short term deposit of a bank which has invested in that Scheme. The
Trustees / AMCs shall ensure that the bank in which the Scheme has short term deposit do not invest
in the Scheme until the Scheme has STD with such bank.
• The AMC shall not charge any investment management and advisory fees for parking of funds in short
term deposits of scheduled commercial banks.
However, the above provisions will not apply to term deposits placed as margins for trading in cash
and Derivatives market.

13) The Scheme will comply with provisions specified in clause 12.25 of SEBI Master Circular related to
overall exposure limits applicable for derivative transactions as stated below:

(a) The cumulative gross exposure through equity, debt, derivative positions and across various other asset
classes in which the Scheme is permitted to invest should not exceed 100% of net assets of the Scheme.
(b) Mutual Funds shall not write options or purchase instruments with embedded written options.
(c) The total exposure related to option premium paid must not exceed 20% of the net assets of the Scheme.
(d) Cash or cash equivalents with residual maturity of less than 91 days may be treated as not creating any
exposure.
(e) Definition of Exposure in case of Derivatives Positions – Each position taken in derivatives shall have
an associated exposure as defined under. Exposure is the maximum possible loss that may occur on a
position. However, certain derivative positions may theoretically have unlimited possible loss.
Exposure in derivative positions shall be computed as follows:

Position Exposure
Long Future Futures Price * Lot Size * Number of Contracts
Short Future Futures Price * Lot Size * Number of Contracts
Option Bought Option Premium Paid * Lot Size * Number of Contracts

14) The scheme shall not make any investment in a Fund of Funds scheme.

15) All investments by the Scheme in Commercial Papers (CPs) would be made only in CPs which are
listed or to be listed.

16) Investment in unrated debt and money market instruments, other than government securities, treasury
bills etc by the Scheme shall be subject to the following:
i. Investments shall only be made in such instruments, including bills re-discounting, usance bills, etc.,
that are generally not rated and for which separate investment norms or limits are not provided in SEBI
(Mutual Fund) Regulations, 1996 and various circulars issued thereunder.
ii. Exposure of the Scheme in such instruments, shall not exceed 5% of the net assets of the Scheme. All
such investments shall be made with the prior approval of the Board of AMC and the Board of Trustees.
17) The Scheme being an index fund, the investment by the Scheme in the equity shares or equity related
instruments of any company shall be in accordance with the weightage of the scrips in Nifty Alpha 50
Index.

The Scheme will comply with SEBI regulations and any other Regulations applicable to the
investments of Mutual Funds from time to time. The Trustees may alter the above restrictions from time
to time to the extent that changes in the Regulations may allow and/or as deemed fit in the general
interest of the Unitholders.

All investment restrictions shall be applicable at the time of making the investment.

C. Fundamental Attributes

Following are the Fundamental Attributes of the scheme, in terms of Clause 1.14 of SEBI Master Circular
for Mutual Funds dated May 19, 2023:

(i) Type of a scheme

Please refer to the section on ‘Part I Highlights/Summary of the Scheme’.

(ii) Investment Objective

• Main Objective: Please refer to the section on ‘Part I Highlights/Summary of the Scheme’.
• Investment Pattern: Please refer to the section on ‘Part II Information about the Scheme’.

(iii) Terms of Issue

• Redemption: Please refer to the section on ‘Part I Highlights/Summary of the Scheme’.
• Fees and Expenses: Please refer to the section on ‘Part III C. Annual Scheme Recurring Expenses’.
• Any safety net or guarantee provided- None.

In accordance with Regulation 18(15A) of the SEBI (MF) Regulations and Clause 1.14.1.4 of SEBI Master
Circular for Mutual Funds dated May 19, 2023 the Trustees shall ensure that no change in the fundamental
attributes of the Scheme(s) and the Plan(s) / Option(s) thereunder or the trust or fee and expenses
payable or any other change which would modify the Scheme(s) and the Plan(s) / Option(s) thereunder
and affect the interests of Unitholders is carried out unless:
• SEBI has reviewed and provided its comments on the proposal;
• A written communication about the proposed change is sent to each Unitholder and an advertisement
is given in one English daily newspaper having nationwide circulation as well as in a newspaper
published in the language of the region where the Head Office of the Mutual Fund is situated; and
• The Unitholders are given an option for a period of atleast 30 calendar days to exit at the prevailing
Net Asset Value without any exit load.

D. Index methodology (for index funds, ETFs and FOFs having one underlying domestic ETF)-
Disclosures regarding the index, index eligibility criteria, methodology, index service provider, index
constituents, impact cost of the constituents

Nifty Alpha 50 TRI

The scheme shall be benchmarked to Nifty Alpha 50 Total Returns Index.
Since the scheme is an index fund, the compositions of the benchmark are such that it is most suited for
comparing performance of the Scheme.
Disclaimer for Nifty Alpha 50 Index – The Bandhan Nifty Alpha 50 Index Fund (“The Product”) is not
sponsored, endorsed, sold or promoted by NSE INDICES LIMITED (formerly known as India Index
Services & Products Limited ("IISL")). NSE INDICES LIMITED does not make any representation or
warranty, express or implied, to the owners of the Product(s) or any member of the public regarding the
advisability of investing in securities generally or in the Product(s) particularly or the ability of the Nifty
Alpha 50 Index to track general stock market performance in India. The relationship of NSE INDICES
LIMITED to the Issuer is only in respect of the licensing of the Indices and certain trademarks and trade
names associated with such Indices which is determined, composed and calculated by NSE INDICES
LIMITED without regard to the Issuer or the Product(s). NSE INDICES LIMITED does not have any
obligation to take the needs of the Issuer or the owners of the Product(s) into consideration in determining,
composing or calculating the Nifty Alpha 50 Index.
NSE INDICES LIMITED is not responsible for or has participated in the determination of the timing of,
prices at, or quantities of the Product(s) to be issued or in the determination or calculation of the equation
by which the Product(s) is to be converted into cash. NSE INDICES LIMITED has no obligation or liability
in connection with the administration, marketing or trading of the Product(s). NSE INDICES LIMITED do
not guarantee the accuracy and/or the completeness of the Nifty Alpha 50 Index or any data included therein
and NSE INDICES LIMITED shall have not have any responsibility or liability for any errors, omissions,
or interruptions therein. NSE INDICES LIMITED does not make any warranty, express or implied, as to
results to be obtained by the Issuer, owners of the product(s), or any other person or entity from the use of
the Nifty Alpha 50 Index or any data included therein. NSE INDICES LIMITED makes no express or
implied warranties, and expressly disclaim all warranties of merchantability or fitness for a particular
purpose or use with respect to the index or any data included therein. Without limiting any of the foregoing,
NSE INDICES LIMITED expressly disclaim any and all liability for any claims, damages or losses arising
out of or related to the Products, including any and all direct, special, punitive, indirect, or consequential
damages (including lost profits), even if notified of the possibility of such damages. An investor, by
subscribing or purchasing an interest in the Product(s), will be regarded as having acknowledged,
understood and accepted the disclaimer referred to in Clauses above and will be bound by it.

Methodology:
Nifty Alpha 50 Index aims to measure the performance of securities listed on NSE with high alphas. It is a
well-diversified 50 stock index. In order to make the 50 stock index investible and replicable, criteria's such
as liquidity and market capitalization are applied while selection of securities. Weights of securities in the
index are assigned based on the alpha values i.e. security with highest alpha in the index gets highest weight.

Eligibility Criteria for Selection of Constituent Stocks:

The stocks must rank within the top 300 companies by average free float market capitalisation and average
daily turnover for the last six months and should have a listing of 1 year. It should also have a trading
frequency of 100% in the last one year period. The alpha of the eligible securities is calculated using trailing
1 year prices. They are ranked in descending order. The final selection of 50 companies shall be done based
on scrips' Alpha values. Securities having positive alpha will be selected to form part of the index at each
review. In case this criterion is not fulfilled, scrip with highest alpha in replacement pool will be considered
for selection.

Index Re-Balancing:
Index rebalancing will be done on a semi-annual basis in June and December. Stocks that move out of the
Nifty 200 shall also move out of the Nifty200 Momentum 30 Index at the time of the review of the Nifty200
Momentum 30 Index. From the eligible universe defined above, the top 15 ranked stocks on their
Normalized Momentum Score are compulsorily included in the index, whereas existing stocks in the index
whose rank goes beyond 45 are compulsorily excluded from the index.
Index Governance:

A professional team manages all NSE indices. There is a three-tier governance structure comprising the
Board of Directors of NSE Indices Limited, the Index Advisory Committee (Equity) and the Index
Maintenance Sub-Committee.

Constituents Details as on 31st May, 2024

SECURITY_NAME WEIGHTAGE
ABB INDIA LTD. 1.14%
ADANI GREEN ENERGY LTD. 2.84%
ADANI POWER LTD. 3.47%
ANGEL ONE LTD. 1.80%
APAR INDUSTRIES LTD. 2.51%
APOLLO TYRES LTD. 0.74%
AUROBINDO PHARMA LTD. 1.86%
BAJAJ AUTO LTD. 1.50%
BHARAT ELECTRONICS LTD. 1.86%
BHARAT HEAVY ELECTRICALS LTD. 2.79%
BSE LTD. 4.45%
BIRLASOFT LTD. 1.59%
CANARA BANK 1.01%
CUMMINS INDIA LTD. 1.10%
CYIENT LTD. 1.11%
DIXON TECHNOLOGIES (INDIA) LTD. 2.18%
DLF LTD. 1.50%
GENERAL INSURANCE CORPORATION OF INDIA 1.65%
GLENMARK PHARMACEUTICALS LTD. 1.64%
HINDUSTAN AERONAUTICS LTD. 2.47%
HINDUSTAN COPPER LTD. 2.09%
INDIAN HOTELS CO. LTD. 0.99%
INDIAN BANK 1.52%
INDIAN RAILWAY FINANCE CORPORATION LTD. 4.17%
JINDAL STAINLESS LTD. 1.96%
KALYAN JEWELLERS INDIA LTD. 2.69%
KEI INDUSTRIES LTD. 1.40%
KPIT TECHNOLOGIES LTD. 1.19%
MACROTECH DEVELOPERS LTD. 2.14%
L&T FINANCE LTD. 0.75%
LUPIN LTD. 1.87%
MULTI COMMODITY EXCHANGE OF INDIA LTD. 2.09%
NCC LTD. 2.32%
NHPC LTD. 1.63%
ORACLE FINANCIAL SERVICES SOFTWARE LTD. 1.42%
POWER FINANCE CORPORATION LTD. 2.78%
PUNJAB NATIONAL BANK 1.44%
PB FINTECH LTD. 1.46%
POONAWALLA FINCORP LTD. 0.63%
PRESTIGE ESTATES PROJECTS LTD. 3.05%
 REC LTD. 2.97%
RAIL VIKAS NIGAM LTD. 4.32%
SUPREME INDUSTRIES LTD. 0.82%
SUZLON ENERGY LTD. 4.49%
TRENT LTD. 2.67%
TVS MOTOR COMPANY LTD. 1.36%
UNION BANK OF INDIA 1.27%
VARUN BEVERAGES LTD. 1.62%
ZOMATO LTD. 2.26%
ZYDUS LIFESCIENCES LTD. 1.41%

Impact Cost of the Constituents as on March 29, 2024:

Index Name Symbol Impact Cost

Nifty Alpha 50 BEL 0.03
Nifty Alpha 50 BHEL 0.03
Nifty Alpha 50 APARINDS 0.05
Nifty Alpha 50 INDHOTEL 0.03
Nifty Alpha 50 CUMMINSIND 0.03
Nifty Alpha 50 TRENT 0.04
Nifty Alpha 50 NCC 0.05
Nifty Alpha 50 SUPREMEIND 0.04
Nifty Alpha 50 CYIENT 0.04
Nifty Alpha 50 BSOFT 0.04
Nifty Alpha 50 GLENMARK 0.04
Nifty Alpha 50 ZYDUSLIFE 0.03
Nifty Alpha 50 TVSMOTOR 0.03
Nifty Alpha 50 LUPIN 0.03
Nifty Alpha 50 OFSS 0.04
Nifty Alpha 50 PNB 0.04
Nifty Alpha 50 UNIONBANK 0.05
Nifty Alpha 50 CANBK 0.03
Nifty Alpha 50 JSL 0.07
Nifty Alpha 50 POONAWALLA 0.05
Nifty Alpha 50 SUZLON 0.91
Nifty Alpha 50 KEI 0.05
Nifty Alpha 50 PFC 0.04
Nifty Alpha 50 INDIANB 0.05
Nifty Alpha 50 DLF 0.03
Nifty Alpha 50 RECLTD 0.04
Nifty Alpha 50 ADANIPOWER 0.07
Nifty Alpha 50 NHPC 0.06
Nifty Alpha 50 HINDCOPPER 0.06
Nifty Alpha 50 PRESTIGE 0.06
Nifty Alpha 50 L&TFH 0.05
 Nifty Alpha 50 MCX 0.05
Nifty Alpha 50 VBL 0.04
Nifty Alpha 50 BSE 0.04
Nifty Alpha 50 GICRE 0.05
Nifty Alpha 50 HAL 0.03
Nifty Alpha 50 ADANIGREEN 0.06
Nifty Alpha 50 RVNL 0.08
Nifty Alpha 50 KPITTECH 0.03
Nifty Alpha 50 ANGELONE 0.03
Nifty Alpha 50 IRFC 0.15
Nifty Alpha 50 KALYANKJIL 0.04
Nifty Alpha 50 LODHA 0.04
Nifty Alpha 50 ZOMATO 0.04
Nifty Alpha 50 DIXON 0.04
Nifty Alpha 50 POLICYBZR 0.04
Nifty Alpha 50 APOLLOTYRE 0.03
Nifty Alpha 50 ABB 0.02
Nifty Alpha 50 AUROPHARMA 0.03
Nifty Alpha 50 BAJAJ-AUTO 0.02

E. Other Scheme Specific Disclosures:

Listing and transfer of units The Scheme is an open ended equity scheme, sale and repurchase is
available on a continuous basis and therefore the Units of the Scheme are
presently not proposed to be listed on any stock exchange . However, the
Fund may at its sole discretion list the Units under the Scheme on one or
more Stock Exchanges at a later date, and thereupon the Fund will make
a suitable public announcement to that effect.

In accordance with clause 14.4.4 of SEBI Master Circular units of the

Scheme that are held in electronic (demat) form, will be transferable and
will be subject to the transmission facility in accordance with the
provisions of SEBI (Depositories and Participants) Regulations, 1996 as
may be amended from time to time.

Units of the Scheme are freely transferable in demat and non demat
mode.

If a person becomes a holder of the Units consequent to operation of law,

or upon enforcement of a pledge, the Fund will, subject to production of
satisfactory evidence, effect the transfer, if the transferee is otherwise
eligible to hold the Units. Similarly, in cases of transfers taking place
consequent to death, insolvency etc., the transferee’s name will be
recorded by the Fund subject to production of satisfactory evidence.
Dematerialization of units Unit holder has an option to subscribe in dematerialized (demat) form the
units of the Scheme in accordance with the provisions laid under the
Scheme and in terms of the guidelines/ procedural requirements as laid
 by the Depositories (NSDL/CDSL) from time to time.

In case, the Unit holder desires to hold the Units in a Dematerialized

/Rematerialized form at a later date, the request for conversion of units
held in non-demat form into Demat (electronic) form or vice-versa
should be submitted along with a Demat/Remat Request Form to their
Depository Participants.

Units held in demat form will be transferable subject to the provisions

laid under the scheme and in accordance with provisions of Depositories
Act, 1996 and the Securities and Exchange Board of India (Depositories
and Participants) Regulations, 2018 as may be amended from time to
time
Maximum Amount to be Nil
raised (if any)
Dividend Policy (IDCW) The Scheme will endeavor to declare Income Distribution cum Capital
Withdrawal (“IDCW”) from time to time. The IDCW shall be dependent
on the availability of distributable surplus as on the Record Date. The
Mutual Fund is not assuring any declaration of dividend under IDCW
option nor is it assuring that it will make any IDCW distributions. All
IDCW distributions would depend on the performance of the scheme.
Under this Option, IDCW amount payable of upto Rs. 100/- under a folio
shall compulsorily be reinvested in the same option of the Scheme. Such
IDCW shall be re-invested at the prevailing ex- IDCW Net Asset Value
per Unit on the Record Date.
Allotment (Detailed For NFO allotment and fresh purchase during ongoing sales with
procedure) creation of a new Folio:
• The AMC shall allot the units to the applicant whose application has been
accepted and also send confirmation specifying the number of units
allotted to the applicant by way of email and/or SMS’s to the applicant’s
registered email address and/or mobile number within five working days
from the date of closure of the NFO / transaction.
• The AMC shall issue to the investor whose application has been
accepted, an account statement specifying the number of units allotted
within five business days of closure of NFO/transaction. For allotment in
demat form the account statement shall be sent by the depository /
depository participant, and not by the AMC.
• For NFO allotment in demat form, the AMC shall issue units in
dematerialized form to a unit holder within two working days of the
receipt of request from the unit holder.
For those unitholders who have provided an e-mail address, the AMC
will send the account statement by e-mail instead of physical statement.
• The unitholder may request for an account statement by writing / calling
us at any of the ISC and the AMC shall provide the account statement to
the investor within 5 business days from the receipt of such request.

Pursuant to clause 14.4 of SEBI Master Circular, investors are requested

to note the following regarding dispatch of account statements:
A) Consolidated Account Statement (CAS) - for Unitholders who have
registered their PAN / PEKRN with the Mutual Fund:

Investors who hold demat account and have registered their PAN
with the mutual fund:

For transactions in the schemes of Bandhan Mutual Fund, a Consolidated

Account Statement, based on PAN of the holders, shall be sent by
Depositories to investors holding demat account, for each calendar month
on or before fifteenth day of the succeeding month to the investors in
whose folios transactions have taken place during that month.
Due to this regulatory change, AMC has now ceased sending account
statement (physical / e-mail) to the investors after every financial
transaction including systematic transactions.
The CAS shall be generated on a monthly basis. AMCs/ RTAs shall share
the requisite information with the Depositories on monthly basis to
enable generation of CAS. Consolidation of account statement shall be
done on the basis of PAN. In case of multiple holding, it shall be the PAN
of the first holder and pattern of holding. Based on the PANs provided
by the AMCs/MF-RTAs, the Depositories shall match their PAN
database to determine the common PANs and allocate the PANs among
themselves for the purpose of sending CAS. For PANs which are
common between depositories and AMCs, the Depositories shall send
the CAS.
In case investors have multiple accounts across the two depositories, the
depository having the demat account which has been opened earlier shall
be the default depository which will consolidate details across
depositories and MF investments and dispatch the CAS to the investor.
However, option shall be given to the demat account holder by the default
depository to choose the depository through which the investor wishes to
receive the CAS.
In case of demat accounts with nil balance and no transactions in
securities and in mutual fund folios, the depository shall send the account
statement to the investor as specified under the regulations applicable to
the depositories.
Consolidated account statement sent by Depositories is a statement
containing details relating to all financial transactions made by an
investor across all mutual funds viz. purchase, redemption, switch,
Payout of IDCW option, Reinvestment of IDCW option, systematic
investment plan, systematic withdrawal plan, systematic transfer plan,
bonus etc. (including transaction charges paid to the distributor) and
transaction in dematerialised securities across demat accounts of the
investors and holding at the end of the month. The CAS shall also provide
the total purchase value / cost of investment in each scheme.
Further, a consolidated account statement shall be sent by Depositories
every half yearly (September/March), on or before twenty first day of
succeeding month, providing the following information:
- holding at the end of the six months
- The amount of actual commission paid by AMCs/Mutual Funds (MFs)
to distributors (in absolute terms) during the half-year period against the
concerned investor’s total investments in each MF scheme. The term
 ‘commission’ here refers to all direct monetary payments and other
payments made in the form of gifts / rewards, trips, event sponsorships
etc. by AMCs/MFs to distributors. Further, a mention may be made in
such CAS indicating that the commission disclosed is gross commission
and does not exclude costs incurred by distributors such as Goods &
Services Tax (wherever applicable, as per existing rates), operating
expenses, etc.
- The scheme’s average Total Expense Ratio (in percentage terms) along
with the break up between investment and advisory fees, commission
paid to the distributor and other expenses for the period for each scheme’s
applicable plan (regular or direct or both) where the concerned investor
has actually invested in.

Such half-yearly CAS shall be issued to all MF investors, excluding those

investors who do not have any holdings in MF schemes and where no
commission against their investment has been paid to distributors, during
the concerned half-year period.
Investors whose folio(s)/demat account(s) are not updated with PAN
shall not receive CAS. Investors are therefore requested to ensure that
their folio(s)/demat account(s) are updated with PAN.
For Unit Holders who have provided an e-mail address to the Mutual
Fund or in KYC records, the CAS will be sent by e-mail. However, where
an investor does not wish to receive CAS through email, option shall be
given to the investor to receive the CAS in physical form at the address
registered in the Depository system.
Investors who do not wish to receive CAS sent by depositories have an
option to indicate their negative consent. Such investors may contact the
depositories to opt out.

Other investors:

The Consolidated Account Statement (CAS) for each calendar month

shall be issued on or before fifteenth day of succeeding month to the
investors who have provided valid Permanent Account Number (PAN) /
PAN Exempt KYC Registration Number (PEKRN).
Due to this regulatory change, AMC has now ceased sending physical
account statement to the investors after every financial transaction
including systematic transactions.
The CAS shall be generated on a monthly basis. The Consolidated
Account Statement issued is a statement containing details relating to all
financial transactions made by an investor across all mutual funds viz.
purchase, redemption, switch, Payout of IDCW option, Reinvestment of
IDCW option, systematic investment plan, systematic withdrawal plan,
systematic transfer plan, bonus etc. (including transaction charges paid
to the distributor) and holding at the end of the month. The CAS shall
also provide the total purchase value / cost of investment in each scheme.
Further, a consolidated account statement shall be issued every half
yearly (September/March), on or before twenty first day of succeeding
month, providing the following information:
- holding at the end of the six months
- The amount of actual commission paid by AMCs/Mutual Funds (MFs)
to distributors (in absolute terms) during the half-year period against the
concerned investor’s total investments in each MF scheme. The term
‘commission’ here refers to all direct monetary payments and other
payments made in the form of gifts / rewards, trips, event sponsorships
etc. by AMCs/MFs to distributors. Further, a mention may be made in
such CAS indicating that the commission disclosed is gross commission
and does not exclude costs incurred by distributors such as Goods &
Services Tax (wherever applicable, as per existing rates), operating
expenses, etc.
- The scheme’s average Total Expense Ratio (in percentage terms) along
with the breakup between investment and advisory fees, commission paid
to the distributor and other expenses for the period for each scheme’s
applicable plan (regular or direct or both) where the concerned investor
has actually invested in.

Such half-yearly CAS shall be issued to all MF investors, excluding those

investors who do not have any holdings in MF schemes and where no
commission against their investment has been paid to distributors, during
the concerned half-year period.
The CAS will be sent via email (instead of physical statement) where any
of the folios consolidated has an email id or to the email id of the first
unit holder as per KYC records.

B) For Unitholders who have not registered their PAN / PEKRN with
the Mutual Fund:

For folios not included in the Consolidated Account Statement (CAS):

• The AMC shall allot the units to the applicant whose application has been
accepted and also send confirmation specifying the number of units
allotted to the applicant by way of email and/or SMS’s to the applicant’s
registered email address and/or mobile number within five working days
from the date of transaction.
• The AMC shall issue account statement to the investors on a monthly
basis, pursuant to any financial transaction in such folios on or before
tenth day of succeeding month. The account statement shall contain the
details relating to all financial transactions made by an investor during
the month, the holding as at the end of the month and shall also provide
the total purchase value / cost of investment in each scheme.
• For those unitholders who have provided an e-mail address, the AMC
will send the account statement by e-mail instead of physical statement.
• The unitholder may request for an account statement by writing / calling
us at any of the ISC and the AMC shall provide the account statement to
the investor within 5 business days from the receipt of such request.

Further, an account statement shall be sent by the AMC every half yearly
(September/March), on or before twenty first day of succeeding month,
providing the following information:

- holding at the end of the six month

 - The amount of actual commission paid by AMCs/Mutual Funds (MFs)
to distributors (in absolute terms) during the half-year period against the
concerned investor’s total investments in each MF scheme. The term
‘commission’ here refers to all direct monetary payments and other
payments made in the form of gifts / rewards, trips, event sponsorships
etc. by AMCs/MFs to distributors. Further, a mention may be made in
such CAS indicating that the commission disclosed is gross commission
and does not exclude costs incurred by distributors such as Goods &
Services Tax (wherever applicable, as per existing rates), operating
expenses, etc.
- The scheme’s average Total Expense Ratio (in percentage terms) along
with the break up between investment and advisory fees, commission
paid to the distributor and other expenses for the period for each scheme’s
applicable plan (regular or direct or both) where the concerned investor
has actually invested in.

Such half-yearly account statement shall be issued to all investors,

excluding those investors who do not have any holdings in BANDHAN
MF schemes and where no commission against their investment has been
paid to distributors, during the concerned half-year period.

C) For all Unitholders

In case of a specific request received from the unit holder, the AMC shall
provide the account statement to the investor within 5 business days from
the receipt of such request.
Who can invest THE FOLLOWING PERSONS MAY APPLY FOR SUBSCRIPTION
TO THE UNITS OF THE SCHEME (SUBJECT, WHEREVER
This is an indicative list and RELEVANT, TO PURCHASE OF UNITS OF MUTUAL FUNDS
investors shall consult their BEING PERMITTED UNDER RESPECTIVE CONSTITUTIONS,
financial advisor to ascertain RELEVANT STATUTORY REGULATIONS AND WITH ALL
whether the scheme is APPLICABLE APPROVALS):
suitable to their risk profile.
• Resident adult individuals either singly or jointly
• Minor through parent/lawful guardian
• Companies, Bodies Corporate, Public Sector Undertakings, association
of persons or bodies of individuals whether incorporated or not and
societies registered under the Societies Registration Act, 1860 (so long
as the purchase of units is permitted under the respective constitutions).
• Trustee(s) of Religious and Charitable and Private Trusts under the
provision of Section 11(5) (xii) of the Income Tax Act, 1961 read with
Rule 17C of Income Tax Rules, 1962 (subject to receipt of necessary
approvals as “Public Securities” where required)
• The Trustee of Private Trusts authorised to invest in mutual fund
Schemes under their trust deed.
• Partner(s) of Partnership Firms.
• Karta of Hindu Undivided Family (HUF).
• Banks (including Co-operative Banks and Regional Rural Banks),
Financial Institutions and Investment Institutions.
• Non-resident Indians/Persons of Indian origin residing abroad (NRIs) on
full repatriation basis or on non-repatriation basis.
• Foreign Portfolio Investors (FPIs) duly registered under applicable SEBI
 regulations on full repatriation basis.
• Army, Air Force, Navy and other para-military funds.
• Scientific and Industrial Research Organizations.
• Mutual fund Schemes.
• Provident/Pension/Gratuity and such other Funds as and when permitted
to invest.
• International Multilateral Agencies approved by the Government of
India.
• Others who are permitted to invest in the Scheme as per their respective
constitutions
Other Schemes of Bandhan Mutual Fund subject to the conditions and
limits prescribed in SEBI Regulations and/or by the Trustee, AMC or
sponsor may subscribe to the units under this Scheme.
Who cannot invest The following persons are not eligible to subscribe to the Units of the
Scheme:

1) Residents in Canada
2) United States Persons (U.S. Persons) shall not be eligible to
invest in the schemes of Bandhan Mutual Fund and the Mutual Fund /
AMC shall not accept subscriptions from U.S. Persons, except for lump
sum subscription, switch transactions requests and registration of
systematic transactions received from Non-resident Indians/Persons of
Indian origin who at the time of such investment, are present in India and
submit a physical transaction request along with such documents as may
be prescribed by the AMC/Mutual Fund from time to time. In case of
systematic transaction facility, the decision for such investment in the
Scheme will be deemed to have been taken by the investor on the date of
execution of the SIP/STP enrolment forms while present in India, though
the investments will trigger on periodical basis at the predetermined dates
in the month at the prevailing NAV and of specified amount as detailed
in the SIP/STP enrolments form(s) executed by the investor.
The AMC shall accept such investments subject to the applicable laws
and such other terms and conditions as may be notified by the
AMC/Mutual Fund. The investor shall be responsible for complying with
all the applicable laws for such investments. The AMC/Mutual Fund
reserves the right to put the transaction requests on hold/reject the
transaction request/reverse allotted units, as the case may be, as and when
identified by the AMC/Mutual Fund, which are not in compliance with
the terms and conditions prescribed in this regard.
The term “U.S. Person” shall mean any person that is a United States
Person within the meaning of Regulation ‘S’ under the United States
Securities Act of 1933 or as defined by the U.S. Commodity Futures
Trading Commission for this purpose, as the definition of such term may
be changed from time to time by legislation, rules, regulations or judicial
or administrative agency interpretations.
3) Any entity who is not permitted to invest in the Scheme as per
their respective constitutions and applicable regulations

The Fund reserves the right to include / exclude new / existing categories
of investors to invest in this Scheme from time to time, subject to
regulatory requirements, if any. This is an indicative list and investors are
 requested to consult their financial advisor to ascertain whether the
scheme is suitable to their risk profile.
How to Apply (details) Investor can obtain application form / Key Information Memorandum
(KIM) from Bandhan AMC branch offices, Investor services centers and
RTA’s (CAMS) branch office. Investors can also download application
form / Key Information Memorandum (KIM) from our website
(www.Bandhanmutual.com). The list of the Investor Service Centres
(ISCs)/Official Points of Acceptance (OPAs) of the Mutual Fund will be
provided on the website of the AMC.

Investors may make payments for subscription to the Units of the Scheme
at the bank collection centres by local Cheque/Pay Order/Bank Draft,
drawn on any bank branch, which is a member of Bankers Clearing
House located in the Official point of acceptance of transactions where
the application is lodged or by giving necessary debit mandate to their
account or by any other mode permitted by the AMC.

Cheques/Pay Orders/Demand Drafts should be drawn as follows:

1. The Cheque/DD/Payorder should be drawn in favour of “Bandhan
Nifty Alpha 50 Index Fund ” as mentioned in the application
form/addendum at the time of the launch.
Please note that all cheques/DDs/payorders should be crossed as
"Account payee". In order to prevent frauds and misuse of payment
instruments, the investors are mandated to make the payment instrument
(cheque, demand draft, pay order, etc.) favouring either of the following
(Investors are urged to follow the order of preference in making the
payment instrument favouring as under):
- “Bandhan Nifty Alpha 50 Index Fund A/c Permanent Account
Number”
- “Bandhan Nifty Alpha 50 Index Fund A/c First Investor Name”
or
- “Bandhan Nifty Alpha 50 Index Fund A/c Folio number”

2. Centres other than the places where there are Official point of
acceptance of transactions as designated by the AMC from time to time,
are Outstation Centres. Investors residing at outstation centres should
send demand drafts drawn on any bank branch which is a member of
Bankers Clearing House payable at any of the places where an Official
point of acceptance of transactions is located.
Registrar and Transfer Agent (R&T):
Computer Age Management Services Limited (CAMS)
9th Floor | Tower II | Rayala Towers
# 158 | Anna Salai | Chennai – 600 002
contact number is +91- 44 2843 3303 / +91-44 6102 3303
E-Mail ID: [email protected]
Website: www.camsonline.com

Please refer to the SAI and Application form for the instructions.
Where can the applications for purchase/redemption switches be
submitted?

Filled up applications can be submitted at the Offices of the CAMS

Transaction points and ISC’s as per the details given on the last few
pages of this document including the back cover page.

The redemption/ repurchase requests can be made on the transaction slip

for redemption available at the Official point of acceptance of
transactions or the office of the Registrar or the offices of the AMC on
any business day (as per details given in the last few pages and the back
cover page of this document).

In case the Units are standing in the names of more than one Unitholder,
where mode of holding is specified as 'Jointly', redemption requests will
have to be signed by all joint holders. However, in cases of holding
specified as 'Anyone or Survivor', any one of the Unitholders will have
the power to make redemption requests, without it being necessary for all
the Unitholders to sign. However, in all cases, the proceeds of the
redemption will be paid only to the first-named holder.

The Unitholder may either request for mailing of the redemption

proceeds to his/her address or the collection of the same from the Official
point of acceptance of transactions.

MANDATORY QUOTING OF BANK MANDATE BY

INVESTORS
As per the directives issued by SEBI, it is mandatory for applicants to
mention their bank account numbers in their applications and therefore,
investors are requested to fill-up the appropriate box in the application
form failing which applications are liable to be rejected.
Where can you submit the Registrar and Transfer Agent (R&T):
filled up applications. Computer Age Management Services Limited (CAMS)
9th Floor | Tower II | Rayala Towers
# 158 | Anna Salai | Chennai – 600 002
contact number is +91- 44 2843 3303 / +91-44 6102 3303
E-Mail ID: [email protected]
Website: www.camsonline.com

However, the application or transactions forms can be submitted to

Official point of acceptance of transactions or the offices of the AMC are
also given in the last few pages and the back cover page of this document.
In case the Units are standing in the names of more than one Unitholder,
where mode of holding is specified as 'Jointly', redemption requests will
have to be signed by all joint holders. However, in cases of holding
specified as 'Anyone or Survivor', any one of the Unitholders will have
the power to make redemption requests, without it being necessary for all
the Unitholders to sign. However, in all cases, the proceeds of the
redemption will be paid only to the first-named holder.
The Unitholder may either request for mailing of the redemption
proceeds to his/her address or the collection of the same from the Official
point of acceptance of transactions.
The policy regarding reissue The AMC do not facilitates reissue of repurchased units.
of repurchased units,
including the maximum
extent, the manner of
reissue, the entity (the
scheme or the
AMC) involved in the same.
Restrictions, if any, on the Not Applicable
right to freely retain or
dispose of units being
offered.
Cut off timing for In case of Purchase / Redemption directly with Mutual Fund:
subscriptions/ redemptions/ The Cut-off time for receipt of valid application for Subscriptions and
switches Redemptions is 3.00 p.m. However, as the Scheme is an Exchange
Traded Fund, the Subscriptions and Redemptions of Units would be
This is the time before which based on the Portfolio Deposit and Cash Component as defined by the
your application (complete in Fund for that respective Business Day. Additionally, the difference in the
all respects) should reach value of portfolio and cost of purchase/sale of Portfolio Deposit on the
the official points of Exchange for creation/redemption of Bandhan Nifty 50 ETF Units
acceptance. including the Cash Component and transaction handling charges, if any,
will have to be borne by the Authorized Participant/ Large Investor.
Settlement of Purchase/Sale of Units of the Scheme on Stock Exchange
Buying/Selling of Units of the Scheme on Stock Exchange is just like
buying/selling any other normal listed security. If an investor has bought
Units, an investor has to pay the purchase amount to the broker/sub-
broker such that the amount paid is realised before the funds pay-in day
of the settlement cycle on the Stock Exchange(s). If an investor has sold
Units, an investor has to deliver the Units to the broker/sub-broker before
the securities payin day of the settlement cycle on the Stock Exchange(s).
 The Units (in the case of Units bought) and the funds (in the case of Units
sold) are paid out to the broker on the pay-out day of the settlement cycle
on the Stock Exchange(s). The Stock Exchange(s) regulations stipulate
that the trading member should pay the money or Units to the investor
within 24 hours of the pay-out.

If an investor has bought Units, he should give standing instructions for

‘Delivery-In’ to his /her/its DP for accepting Units in his/her/its
beneficiary account. An investor should give the details of his/her
beneficiary account and the DP-ID of his/her/its DP to his/ her/its trading
member. The trading member will transfer the Units directly to his/her/
its beneficiar account on receipt of the same from NSE’s/ BSE’s Clearing
Corporation. An investor who has sold Units should instruct his/her/its
Depository Participant (DP) to give ‘Delivery Out’ instructions to
transfer the Units from his/her/its beneficiary account to the Pool
Account of his/her/its trading member through whom he/she/it have sold
the Units. The details of the Pool A/C (CM-BP-ID) of his/her trading
member to which the Units are to be transferred, Unit quantity etc. should
be mentioned in the Delivery Out instructions given by him/her to the
DP. The instructions should be given well before the prescribed securities
pay-in day. SEBI has advised that the Delivery Out instructions should
be given at least 24 hours prior to the cut-off time for the prescribed
securities pay-in to avoid any rejection of instructions due to data entry
errors, network problems, etc. Rolling Settlement.

The rolling settlement on T+2 basis for all trades has commenced from
April 1, 2003 onwards. The Pay-in and Pay-out of funds and the Units
will take place within 2 working days after the trading date.
The pay-in and pay-out days for funds and securities are prescribed as
per the Settlement Cycle. A typical Settlement Cycle of Rolling
Settlement is given below:
Day Activity : T The day on which the transaction is executed by a
trading member
T+1 Confirmation of all trades including custodial trades by 11.00 a.m.
T+1 Processing and downloading of obligation files to
brokers/custodians by 1.30 p.m.
T+2 Pay-in of funds and securities by 11.00 a.m.
T+2 Pay out of funds and securities by 1.30 p.m.
While calculating the days from the Trading day (Day T), weekend days
(i.e. Saturday and Sundays) and bank holidays are not taken into
consideration.
Where can the applications All applications for purchase/redemption of units should be submitted by
for purchase/redemption investors at the official point of acceptance (OPA) of transactions at the
switches be submitted? office of the registrar and/or AMC as may be notified from time to time.
For details please refer to the application form and/or website of the
Mutual Fund at www.Bandhanmutual.com.

MANDATORY QUOTING OF BANK MANDATE BY

INVESTORS
As per the directives issued by SEBI, it is mandatory for applicants to
mention their bank account numbers in their applications and therefore,
 investors are requested to fill-up the appropriate box in the application
form failing which applications are liable to be rejected.
Minimum amount for Particulars Details
purchase/redemption/switches Fresh Purchase Rs. 1000/- and in multiples of Re. 1/-
(mention the provisions for (including switches) thereafter
ETFs, as may be applicable, Additional Purchases Rs. 1000/- and in multiples of Re. 1/-
for direct subscription/ (including switches) thereafter
redemption with AMC. Repurchase/Redemption Rs. 500/- or the account balance of the
investor, whichever is less
SIP Rs. 100/- and in multiples of Re. 1
thereafter [Minimum 6 installments]
SWP Rs. 200/- and any amount thereafter
STP (in) Rs. 500/- and any amount thereafter
Minimum balance to be There is no minimum balance required for the scheme.
maintained and
consequences of non-
maintenance
Accounts Statements The AMC shall send an allotment confirmation specifying the units
allotted by way of email and/or SMS within 5 working days of receipt of
valid application/transaction to the Unit holders registered e-mail address
and/ or mobile number (whether units are held in demat mode or in
account statement form).
A Consolidated Account Statement (CAS) detailing all the transactions
across all mutual funds (including transaction charges paid to the
distributor) and holding at the end of the month shall be sent to the Unit
holders in whose folio(s) transaction(s) have taken place during the
month by mail or email on or before 15th of the succeeding month.
Half-yearly CAS shall be issued at the end of every six months (i.e.
September/ March) on or before 21st day of succeeding month, to all
investors providing the prescribed details across all schemes of mutual
funds and securities held in dematerialized form across demat accounts,
if applicable
For further details, refer SAI.
Dividend/ IDCW The payment of dividend/IDCW to the unitholders shall be made within
seven working days from the record date.
Redemption The redemption or repurchase proceeds shall be dispatched to the
unitholders within three working days from the date of redemption or
repurchase.
For list of exceptional circumstances refer para 14.1.3 of SEBI Master
Circular for Mutual Funds dated May 19, 2023.
For schemes investing atleast 80% of total assets in permissible overseas
investments (as per Clause 12.19 of SEBI Master Circular for Mutual
Funds dated May 19, 2023), the transfer of redemption or repurchase
proceeds to the unitholders shall be made within five working days from
the date of redemption or repurchase.
Bank Mandate As per the directives issued by SEBI, it is mandatory for applicants to
mention their bank account numbers in their applications and therefore,
investors are requested to fill-up the appropriate box in the application
form failing which applications are liable to be rejected.
Delay in payment of The Asset Management Company shall be liable to pay interest to the
redemption / repurchase unitholders at such rate as may be specified vide clause 14.2 of SEBI
proceeds/dividend Master Circular for Mutual Funds dated May 19, 2023 by SEBI for the
period of such delay (presently @ 15% per annum).
However, the Asset Management Company will not be liable to pay any
interest or compensation or any amount otherwise, in case the
AMC/Trustee is required to obtain from the investor/Unit holders
verification of identity or such other details relating to subscription for
Units under any applicable law or as may be requested by a regulatory
body or any government authority, which may result in delay in
processing the application.
Unclaimed Redemption and In accordance with clause 14.3 of SEBI Master Circular, the unclaimed
Income Distribution cum Redemption amount and IDCW amount that are currently allowed to be
Capital Withdrawal Amount deployed by the Mutual Fund only in call money market or money market
Instruments, shall also be allowed to be invested in a separate plan of
only Overnight scheme / Liquid scheme / Money Market Mutual Fund
scheme floated by Mutual Funds specifically for deployment of the
unclaimed amounts.
Provided that such schemes where the unclaimed redemption and
dividend amounts are deployed shall be only those Overnight scheme/
Liquid scheme / Money Market Mutual Fund schemes which are placed
in A-1 cell (Relatively Low Interest Rate Risk and Relatively Low Credit
Risk) of Potential Risk Class matrix.
AMCs shall not be permitted to charge any exit load in this plan and TER
(Total Expense Ratio) of such plan shall be capped as per the TER of
direct plan of such scheme or at 50 bps, whichever is lower.
Further, for the Unclaimed redemption and dividend amounts deployed
by Mutual Funds in Call Money Market or Money Market instruments,
the investment management and advisory fee charged by the AMC for
managing unclaimed amounts shall not exceed 50 basis points.
Investors who claim the unclaimed amounts during a period of three
years from the due date shall be paid initial unclaimed amount along-with
the income earned on its deployment. Investors, who claim these amounts
after 3 years, shall be paid initial unclaimed amount along-with the
income earned on its deployment till the end of the third year. After the
third year, the income earned on such unclaimed amounts shall be used
for the purpose of investor education.
The investors can visit the website of the AMC to check the unclaimed
amount in their folios.
 Disclosure w.r.t investment As per clause of 17.6 of SEBI Master Circular, the following Process for
by minors Investments in the name of a Minor through a Guardian will be
applicable-

Payment for investment by any mode shall be accepted from the bank
account of the minor, parent or legal guardian of the minor, or from a
joint account of the minor with parent or legal guardian, else the
transaction is liable to get rejected.

Irrespective of the source of payment for subscription, all redemption

proceeds shall be credited only in the verified bank account of the minor,
i.e. the account the minor may hold with the parent/ legal guardian after
completing all KYC formalities.

Unit holders are requested to review the Bank Account registered in the
folio and ensure that the registered Bank Mandate is in favour of minor
or joint with registered guardian in folio. If the registered Bank Account
is not in favour of minor or not joint with registered guardian, unit holders
will be required to submit the change of bank mandate, where minor is
also a bank account holder (either single or joint with registered
guardian), before initiation any redemption transaction in the folio, else
the transaction is liable to get rejected.
For systematic transactions in a minor’s folio, AMC will register
standing instructions till the date of the minor attaining majority, though
the instructions may be for a period beyond that date.
Upon the minor attaining the status of major, the minor in whose name
the investment was made, shall be required to provide all the KYC
details, updated bank account details including cancelled original cheque
leaf of the new account. No further transactions shall be allowed till the
status of the minor is changed to major.
Please refer SAI for detailed process on investments made in the name
of a Minor through a Guardian and Transmission of Units.
Any other disclosure in terms Not applicable
of Consolidated Checklist on
Standard Observations

III. Other Details

A. Periodic Disclosures such as Half yearly disclosures, half yearly results, annual report

Monthly / Half yearly Portfolio Disclosures:

The Mutual fund shall disclose portfolio (along with ISIN) as on the last day of the month / half year for
this scheme on website of the AMC (www.Bandhanmutual.com) and AMFI (www.amfiindia.com) within
10 days from the close of each month / half year in a user-friendly and downloadable spreadsheet format.
In case of unitholder whose email addresses are registered with the Fund, the portfolios disclosed as above
shall be sent to the unitholders via email. The unitholders whose e-mail address are not registered with the
Fund are requested to update / provide their email address to the Fund for updating the database. An
advertisement shall be published in at least one English daily newspaper and Hindi daily newspaper
disclosing the hosting of scheme’s half yearly portfolio on the website of AMC and AMFI. Investors may
 also place a specific request to the Mutual Fund for sending the half yearly portfolio through email.

Physical copy of statement of scheme’s portfolio shall be provided without charging any cost, on specific
request received from the unitholder.

Half Yearly Financial Results

The Mutual Fund shall within one month from the close of each half year, that is on 31st March and on 30th
September, host a soft copy of its unaudited financial results on their website and shall publish an
advertisement disclosing the hosting of such financial results on their website, in atleast one English daily
newspaper having nationwide circulation and in a newspaper having wide circulation published in the
language of the region where the Head Office of the mutual fund is situated. The unaudited financial results
will be displayed on the website of the Mutual Fund (www.Bandhanmutual.com) and that of AMFI
(www.amfiindia.com).

Annual Report

Scheme wise Annual Report or an abridged summary thereof shall be mailed to all unitholders within four
months from the date of closure of the relevant accounts year i.e. 31st March each year as under:
(i) by e-mail to the Unit holders whose e-mail address is available with the Fund,
(ii) in physical form to the Unit holders whose email address is not available with the Fund and/or to those
Unit holders who have opted / requested for the same.

An advertisement shall also be published in all India edition of at least two daily newspapers, one each in
English and Hindi, disclosing the hosting of the scheme wise annual report on the website of the AMC.

The physical copy of the scheme wise annual report or abridged summary shall be made available to the
investors at the registered office of the AMC. A link of the scheme annual report shall be displayed
prominently on the website of the Mutual Fund (www.Bandhanmutual.com) and that of AMFI
(www.amfiindia.com).

The AMC shall also provide a physical copy of abridged summary of the annual report, without charging
any cost, on specific request received from the unitholder. A copy of scheme wise annual report shall also
be made available to unitholder(s) on payment of nominal fees.

B. Transparency/NAV Disclosure:
NAV will be determined for every Business Day except in special circumstances. NAV calculated upto
four decimal places. NAV of the Scheme shall be made available on the website of AMFI
(www.amfiindia.com) and the Mutual Fund (www.Bandhanmutual.com) by 11.00 p.m. on all business
days. The NAV shall also be available on the Toll Free Number -1800-300-66688/1-800-2666688 and on
the website of the Registrar and Transfer Agent CAMS (www.camsonline.com).

For details please refer Section I - Part I (HIGHLIGHTS/SUMMARY OF THE SCHEME)

C. Transaction charges and stamp duty:

Transaction charges : Transaction Charge per subscription of Rs.10,000/ – and above shall be charged
from the investors and shall be payable to the distributors/ brokers (who have opted in for charging the
transaction charge for this scheme), subject to the following:
• For Existing / New investors: Rs.100 / Rs.150 as applicable per subscription of Rs. 10,000/ – and above
• Transaction charge for SIP shall be applicable only if the total commitment through SIP amounts to
Rs.10,000/ – and above. In such system cases the transaction charge would be recovered in maximum 4
successful installments.

Stamp Duty : Rate of stamp duty applicable from July 1, 2020 is: 0.005%
The collection of stamp duty is subject to the Indian Stamp (Collection of Stamp-duty through Stock
Exchanges, Clearing Corporations and Depositories) Rules, 2019.

Refer SAI for details

D. Associate Transactions- Please refer to Statement of Additional Information (SAI)

E. Taxation- For details on taxation please refer to the clause on Taxation in the SAI apart from the
following:

Particulars Investors Mutual Fund

Effective for financial year starting 1 April Effective for financial year
2023 starting 1 April 2023
Tax on Dividend As per applicable slab/tax rates (please refer
paragraph 6)
For FPI - 20% (under section 115AD)
Long Term Capital 10% NIL
Gains
Short Term Capital 15%
Gains
Equity scheme will also attract securities transaction tax (STT) at applicable rates.
For further details on taxation please refer to the clause on Taxation in the SAI

F. Rights of Unitholders- Please refer to SAI for details.

G. List of official points of acceptance: https://bandhanmutual.com/investor-service/contact-us

H. Penalties, Pending Litigation or Proceedings, Findings of Inspections or Investigations For Which

Action May Have Been Taken Or Is In The Process Of Being Taken By Any Regulatory
Authority: NIL
The investor can refer the below link for any information on the above point on a real time basis -
https://bandhanmutual.com/downloads/sid
Name, address and contact no. of Registrar and Transfer Agent (R&T), email id of R&T, website address
of R&T, official points of acceptance, collecting banker details etc.

REGISTRAR:
Computer Age Management Services Limited (CAMS)
9th Floor | Tower II | Rayala Towers
# 158 | Anna Salai | Chennai – 600 002
contact number is +91- 44 2843 3303 / +91-44 6102 3303
E-Mail ID: [email protected]
Website: www.camsonline.com

Official Points of Acceptance of Transactions, CAMS

• Agartala: Nibedita, 1st Floor, JB Road Palace Compound, Agartala, Near Babuana Tea and Snacks,
Tripura West, Pin.: 799 001. Contact No. 9436761695, 0381-2323009, Email : [email protected]
• Agra: CAMS SERVICE CENTER,No. 8, II Floor Maruti Tower, Sanjay Place, Agra, Uttarpradesh-
282002 • Ahmedabad: CAMS SERVICE CENTER,No.111- 113,1 st Floor,Devpath Building, Off C G
Road,Behind Lal Bungalow,Ellis Bridge, Ahmedabad Gujarat 380006 • Ahmednagar: CAMS SERVICE
CENTER,Office No.3.1st Floor,Shree Parvati,Plot No.1/175,Opp. Mauli Sabhagruh,Zopadi
Canteen,Savedi,Ahmednagar-414003 • Ajmer: CAMS SERVICE CENTER,AMC No. 423/30, Near
Church,Opp T B Hospital,Jaipur Road,Ajmer,Rajasthan,305001 • Akola: Opp. RLT Science College,Civil
Lines,Akola,Maharashtra,444001 • Aligarh: City Enclave, Opp. Kumar Nursing Home, Ramghat Road,
Aligarh, Uttarpradesh-202001 • Allahabad: CAMS SERVICE CENTER,30/2, A&B, Civil Lines
Station,Besides Vishal Mega Mart,Strachey Road, Allahabad ,Uttarpradesh-211001 • Alleppey: Doctor's
Tower Building,Door No. 14/2562, 1st floor,North of Iorn Bridge, Near Hotel Arcadia Regency,
AlleppeyKerala,688001 • Alwar: CAMS SERVICE CENTER,256A, Scheme No:1,Arya
Nagar,Alwar,Rajasthan,301001 • Amaravati: CAMS SERVICE CENTER, No.81, Gulsham Tower, 2nd
Floor,Near Panchsheel Talkies, Amaravati,Maharashtra,444601 • Ambala: Computer Age Management
Services Ltd. Shop No.4250, Near B. D. Senior Secondary School, Ambala Cantt, Ambala, Haryana - 133
001. • Amritsar: CAMS SERVICE CENTER, 3rd Floor, Bearing Unit No. 313, Mukut House, Amritsar,
Punjab 143001 • Anand: CAMS SERVICE CENTER,No.101, A.P. Tower,B/H, Sardhar Gunj,Next to
Nathwani Chambers,AnandGujarat388001 • Anantapur: 15-570-33, I Floor,Pallavi Towers,Subash
Road,Opp:Canara Bank,Anantapur,AndhraPradesh,515001 • Andheri: CAMS Pvt Ltd,No.351,Icon,501,5th
Floor,Western Express Highway,Andheri East,Mumbai-400069 • Ankleshwar: Shop No - F -56,First
Floor,Omkar Complex,Opp Old Colony,Nr Valia Char Rasta,GIDC,Ankleshwar, Gujarat,393002 •
Asansol: CAMS SERVICE CENTER,Block – G,1st Floor,P C Chatterjee Market Complex,Rambandhu
Talab PO, Ushagram,Asansol,Westbengal Pin No 713303 • Aurangabad: CAMS SERVICE CENTER,2nd
Floor,Block No.D-21-D-22,Motiwala Trade CENTER,Nirala Bazar,New Samarth Nagar,Opp.HDFC
Bank,Aurangabad-431001 • Balasore: B C Sen Road,Balasore,Orissa,756001 • Ballari: CAMS SERVICE
CENTER,No.18/47/A,Govind Nilaya,Ward No.20,Sangankal Moka Road,Gandhinagar,Ballari-583102 •
Bangalore: CAMS SERVICE CENTER,Trade CENTER,1st Floor45, Dikensen Road ( Next to Manipal
CENTER ),Bangalore,Karnataka,560042 • Bangalore(Wilson Garden): CAMS SERVICE CENTER,First
Floor,No.17/1,-(272) 12Th Cross Road,Wilson Garden,Bangalore-560027 • Bankura: 1st Floor, Central
Bank Building, Machantala, P.O. Bankura, Dist. Bankura, West Bengal - 722101 • Bareilly: CAMS
SERVICE CENTER,F-62-63, Second Floor, ,Butler Plaza Commercial Complex Civil Lines Bareilly
Uttarpradesh-243001 • Basti: CAMS C/O RAJESH MAHADEV & CO SHOP NO 3,1st Floor JAMIA
COMLEX STATION ROAD BASTI PIN 272002 • Belgaum: CAMS SERVICE CENTER,Classic
Complex,Block No.104,1st Floor,Saraf Colony,Khanapur Road,Tilakwadi,Belgaum-590006 • Berhampur:
CAMS SERVICE CENTER, Kalika Temple Street, Ground Floor, Beside SBI Bazar Branch, Berhampur -
760 002. Tel. No. : 0680-2250401 • Bhagalpur: Ground Floor, Gurudwara Road, Near Old Vijaya Bank,
Bhagalpur, Bihar - 812002 • Bharuch: CAMS SERVICE CENTRE,A-111,First Floor,R K Casta,Behind
Patel Super Market,Station Road,Bharuch-392001 • Bhatinda: 2907 GH,GT Road,Near Zila
Parishad,Bhatinda,Punjab,151001 • Bhavnagar: CAMS Service Center, 501 – 503, Bhayani Skyline,
Behind Joggers Park, Atabhai Road, Bhavnagar – 364001, Ph. No. 0278-2225572
[email protected], Ph. No. 0278-2225572 [email protected] • Bhilai: CAMS SERVICE
CENTER,1st Floor,Plot No.3,Block No.1,Priyadarshini Pariswar west,Behind IDBI Bank,Nehru
Nagar,Bhilai-490020 • Bhilwara: CAMS SERVICE CENTER,C/o Kodwani Associtates,Shope No.211-
213, 2nd floor,Indra Prasth Tower,syam Ki Sabji Mandi,Near Mukerjee Garden,Bhilwara-311001
(Rajasthan) • Bhopal: CAMS SERVICE CENTER,Plot no.10,2nd Floor,Alankar Complex,Near ICICI
Bank,MP Nagar, Zone II,Bhopal,MadhyaPradesh462011 • Bhubaneswar: CAMS SERVICE CENTER,Plot
No -111,Varaha Complex Building,3rd Floor,Station Square,Kharvel Nagar,Unit 3-Bhubaneswar-Orissa-
751001 • Bhuj: CAMS SERVICE CENTRE, Tirthkala First Floor, Opp BMCB Bank, New Station Road
Bhuj-Kutch, Pin - 370001 • Bhusawal (Parent: Jalgaon TP): 3, Adelade Apartment,Christain Mohala,
Behind Gulshan-E-Iran Hotel,Amardeep Talkies Road,Bhusawal,Maharashtra,425201 • Biharsharif: R-C
Palace, Amber Station Road, Opp Mamta Cpmplex,Biharsharif-803101 • Bikaner: Behind rajasthan patrika
In front of vijaya bank 1404,amar singh pura Bikaner.334001 • Bilaspur: CAMS SERVICE CENTER,Shop
No.B-104, First Floor,Narayan Plaza,Link Road,Bilaspur(C.G)-495001 • Bokaro: CAMS SERVICE
CENTER,Mazzanine Floor,F-4, City Centre,Sector 4, Bokaro Steel City,Bokaro,Jharkhand,827004 •
Borivali: CAMS PVT LTD, 501 - TIARA CTS 617, 617/1-4, Off. Chandavarkar Lane, Maharashtra
Nagar,,Borivali,Mumbai - 400092 • Burdwan: CAMS SERVICE CENTER, No.399, G T Road, Basement,
Building Name - Talk of the Town, Burdwan -713101, West- Bengal - 0342-3551397,
[email protected] • Calicut: CAMS SERVICE CENTER,No.29/97G,2nd Floor,S A
Arcade,Mavoor Road,Arayidathupalam,CalicutKerala-673016 • Chandigarh: CAMS SERVICE
CENTER,Deepak Tower,SCO 154-155,1st Floor-Sector 17-Chandigarh-Punjab-160017 • Chennai: CAMS
SERVICE CENTER,Ground Floor No.178/10,Kodambakkam High RoadOpp. Hotel
Palmgrove,Nungambakkam-Chennai-Tamilnadu-600034 • Chennai-Satelite ISC: No.158,Rayala Tower-
1,Anna salai,Chennai-600002 • Chhindwara: 2nd Floor, Parasia Road, Near Surya Lodge, Sood Complex,
Above Nagpur CT Scan, Chhindwara - 480001. Madhya Pradesh • Chittorgarh: 3, Ashok Nagar, Near
Heera Vatika,Chittorgarh, Rajasthan 312001 • Cochin: CAMS SERVICE CENTER,Building Name
Modayil,Door No. 39/2638 DJ,2nd Floor 2A M.G. Road,Cochin - 682 016 • Coimbatore: CAMS SERVICE
CENTER,No.1334,Thadagam Road,Thirumurthy Layout,R.S.Puram,Behind Venketeswara
Bakery,Coimbatore-641002 • Cuttack: CAMS SERVICE CENTER,Near Indian Overseas
Bank,Cantonment Road,Mata Math,Cuttack,Orissa,753001 • Darbhanga: Ground Floor , Belbhadrapur,
Near Sahara Office, Laheriasarai Tower Chowk, Laheriasarai, Darbhanga- 846001. • Davangere: CAMS
SERVICE CENTER,No.13, Ist Floor,Akkamahadevi Samaj Complex,Church
Road,P.J.Extension,Davangere,Karnataka,577002 • Dehradun: CAMS SERVICE CENTER,No.204/121
Nari Shilp Mandir Marg(Ist Floor) Old Connaught Place,Chakrata Road,Dehradun,Uttarakhand,248001 •
Deoghar: S S M Jalan RoadGround floorOpp. Hotel Ashoke,Caster Town,Deoghar,Jharkhand,814112 •
Dhanbad: CAMS SERVICE CENTER,Urmila Towers,Room No: 111(1st Floor) Bank
More,Dhanbad,Jharkhand,826001 • Dharmapuri: 16A/63A, Pidamaneri Road, Near Indoor
Stadium,Dharmapuri,Tamilnadu 636701 • Dhule: House No 3140, Opp Liberty Furniture,Jamnalal Bajaj
Road, Near Tower Garden,Dhule,Maharashtra 424001 • Durgapur: CAMS SERVICE CENTER,Plot
No.3601,Nazrul Sarani,City CENTER,Durgapur-713216 • Erode: CAMS SERVICE CENTER,171-
E,Seshaiyer Complex,Agraharam Street,Erode,Tamilnadu,638001 • Faizabad: CAMS SERVICE
CENTER,1/13/196,A,Civil Lines,Behind Tripati Hotel,Faizabad,Uttarpradesh-224001 • Faridabad: CAMS
SERVICE CENTER,No.B-49, 1st Floor,Nehru Ground,Behind Anupam,Sweet House
NIT,Faridabad,Haryana,121001 • Firozabad: Computer Age Management Services Ltd. First Floor,
Adjacent to Saraswati Shishu Mandir School, Gaushala, Near UPPCL Sub Station (Gandhi Park), Company
Bagh Chauraha, Firozabad - 283203 • Gandhidham: CAMS SERVICE CENTER,Office No.4,Ground
Floor,Ratnakala Arcade,Plot No.231,Ward-12B,Gandhidham-370201 • Gaya: CAMS SERVICE C/o. Sri
Vishwanath Kunj Ground Floor, Tilha Mahavir Asthan Gaya - 823001 • Ghatkopar: CAMS SERVICE
CENTER,Platinum Mall,Office No.307,3rd Floor,Jawahar Road,Ghatkopar East,Mumbai-400077 •
Ghaziabad: CAMS SERVICE CENTER,B-11,LGF RDC,Rajnagar,Opp Kacheri Gate No.2,Ghaziabad-
201002 • Goa: CAMS SERVICE CENTER,Office No.103,1st Floor,Unitech City Centre,M.G.Road,Panaji
Goa,Goa-403001 • Gondal (Parent Rajkot): A/177, Kailash Complex Opp. Khedut Decor
Gondal,Gujarat,360311 • Gorakhpur: CAMS SERVICE CENTRE,Shop No.5 & 6,3Rd Floor,Cross Road
The Mall,A D Tiraha,bank Road,Gorakhpur-273001 • Gulbarga: Pal Complex, Ist Floor,Opp. City Bus
Stop,SuperMarket,Gulbarga,Karnataka 585101 • Guntur: CAMS SERVICE CENTER, D. No 31-13-1158,
1st Floor, 13/1 Arundelpet, Ward No. 6, Guntur-522002 • Gurgaon: CAMS SERVICE CENTER,SCO - 16,
Sector - 14, First floor,Gurgaon,Haryana,122001 • Guwahati: CAMS SERVICE CENTER,Piyali Phukan
Road,K.C.Path,House No.1,Rehabari,Guwahati-781008 • Gwalior: CAMS SERVICE CENTER,G-6
Global Apartment,Kailash Vihar Colony, Opp. Income Tax Office, City CENTER,Gwalior Madhya
Pradesh-474002 • Haldia: 1st Floor, New Market Complex,Durgachak Post Office,, Durgachak,
Haldia,Westbangal 721602 • Haldwani: Durga City CENTER, Nainital Road, Haldwani, Uttarakhand-
263139 • Hazaribag: Municipal MarketAnnanda Chowk,Hazaribag,Jharkhand,825301 • Himmatnagar:
Unit No. 326, Third Floor, One World - 1, Block - A, Himmatnagar, Gujarat - 383 001. Ph. No. 02772
244332, Email:- [email protected] • Hisar: CAMS SERVICE CENTRE,No-12, Opp. HDFC
Bank,Red Square Market,Hisar,Haryana,125001 • Hoshiarpur: Near Archies Gallery,Shimla Pahari
Chowk,Hoshiarpur ,Punjab 146001 • Hosur: CAMS SERVICE CENTER,Survey No.25/204,Attibele
Road,HCF Post,Mathigiri,Above Time Kids School,Oppsite To Kuttys Frozen Foods,Hosur-635110 •
Hubli: CAMS SERVICE CENTER,No.204 - 205,1st Floor' B ' Block, Kundagol Complex,Opp. Court, Club
Road,Hubli,Karnataka,580029 • Hyderabad: CAMS SERVICE CENTER,No.208, II Floor,Jade Arcade
Paradise Circle,Hyderabad,Telangana,500003 • Indore: CAM SERVICE CENTER,No.101, Shalimar
Corporate CENTER,8-B, South Tukogunj,Opp.Greenpark, Indore,MadhyaPradesh,452001 • Jabalpur:
CAMS SERVICE CENTER,No.8, Ground Floor, Datt Towers,Behind Commercial Automobiles,Napier
Town,Jabalpur,MadhyaPradesh,482001 • Jaipur: CAMS SERVICE CENTER,R-7, Yudhisthir Marg, C-
Scheme,Behind Ashok Nagar Police Station,Jaipur,Rajasthan,302001 • Jalandhar: CAMS SERVICE
CENTER,No.367/8, Central TownOpp.Gurudwara, Diwan Asthan,Jalandhar,Punjab-144001 • Jalgaon:
CAMS SERVICE CENTER,Rustomji Infotech Services70, NavipethOpp. Old Bus
Stand,Jalgaon,Maharashtra,425001 • Jalna: Shop No 6, Ground Floor,Anand Plaza Complex,Bharat
Nagar,Shivaji Putla Road,Jalna,Maharashtra,431203 • Jalpaiguri: Babu Para, Beside Meenaar Apartment
,Ward No VIII, Kotwali Police Station,Jalpaiguri-735101 West Bengal • Jammu: JRDS Heights,Lane Opp.
S&S Computers Near RBI Building, Sector 14, Nanak Nagar Jammu,Jammu &Kashmir,180004 •
Jamnagar: CAMS SERVICE CENTER,No.207,Manek CENTER,P N Marg,Jamnagar,Gujarat,361001 •
Jamshedpur: CAMS SERVICE CENTER,Millennium Tower, "R" RoadRoom No:15, First Floor,
Bistupur,Jamshedpur,Jharkhand,831001 • Janakpuri: CAMS SERVICE CENTER,No.306,3Rd
Floor,DDA-2 Building,District Center,Janakpuri,New Delhi-110058 • Jaunpur: 248, Fort Road Near Amber
Hotel, Jaunpur Uttarpradesh-222001 • Jhansi: No.372/18D,1st Floor Above IDBI Bank,Beside V-
Mart,Near RAKSHAN,Gwalior Road,Jhansi-284001 • Jodhpur: CAMS SERVICE CENTER,No.1/5,
Nirmal Tower,1st Chopasani Road,Jodhpur,Rajasthan,342003 • Junagadh: "Aastha Plus", 202-A, 2nd
FloorSardarbag Road, Nr. AlkapuriOpp. Zansi Rani Statue Junagadh Gujarat-362001 • Kadapa: Bandi
Subbaramaiah Complex,D.No:3/1718, Shop No: 8, Raja Reddy Street,Kadapa,AndhraPradesh,516001 •
Kakinada: CAMS SERVICE CENTER,D No.25-4-29,1St floor,Kommireddy vari street,Beside Warf
Road,Opp swathi medicals,Kakinada-533001 • Kalyani: CAMS SERVICE CENTRE,A-1/50,Block
A,Kalyani,Dist Nadia,Westbengal-741235 • Kannur: Room No.PP.14/435Casa Marina Shopping
CENTERTalap,Kannur,Kerala,670004 • Kanpur: CAMS SERVICE CENTER, I Floor, 106 to 108,City
Center,Phase II,63/ 2, The Mall Kanpur Uttarpradesh-208001 • Karimnagar: HNo.7-1-257, Upstairs S B H
mangammathota,Karimnagar,Telangana,505001 • Karnal (Parent :Panipat TP): No.29,Avtar
Colony,Behind vishal mega mart,Karnal-132001 • Karur: 126 G, V.P.Towers, Kovai Road,Basement of
Axis Bank,Karur,Tamilnadu,639002 • Katni: 1st Floor,Gurunanak dharmakanta,Jabalpur
Road,Bargawan,Katni,MadhyaPradesh 483501 • Khammam: Shop No: 11 - 2 - 31/3, 1st floor,Philips
Complex,Balajinagar, Wyra Road,Near Baburao Petrol Bunk,Khammam,Telangana 507001 • Kharagpur:
CAMS SERVICE CENTER,"Silver Palace" OT Road,Inda-Kharagpur,G-P-Barakola,P.S.Kharagpur
Local,Dist West Midnapore-721305 • Kolhapur: CAMS SERVICE CENTER,No.2 B, 3rd Floor,Ayodhya
Towers,Station Road,Kolhapur,Maharashtra,416001 • Kolkata: CAMS SERVICE CENTER, Kolkata:
Kankaria Centre, 2/1, Russell Street, 2nd Floor, Kolkata - 700071 • Kolkata-CC (Kolkata Central): 3/1, R.
N. Mukherjee Road, 3rd Floor, Office Space -3C, “Shreeram Chambers”, Kolkata, West bengal 700001 •
Kollam: Uthram Chambers (Ground Floor) Thamarakulam Kollam - 691006. • Korba: Shop No 6, Shriram
Commercial ComplexInfront of Hotel Blue DiamondGround Floor, T.P. Nagar,Korba,Westbangal,495677
• Kota: CAMS SERVICE CENTER,No.B-33 'Kalyan Bhawan,Triangle Part,Vallabh
Nagar,Kota,Rajasthan,324007 • Kottayam: CAMS SERVICE CENTER,THAMARAPALLIL
Building,Door No-XIII/658,M L Road,Near KSRTC Bus Stand Road,Kottayam-686001 • Kukatpally:
CAMS SERVICE CENTER,No.15-31-2M-1/4,1st floor,14-A,MIG,KPHB colony,Kutkapally,Hyderabad-
500072 • Kumbakonam: No.28/8, 1st Floor, Balakrishna Colony, Pachaiappa Street, Near VPV Lodge,
Kumbakonam, Tamil Nadu - 612 001.• Kurnool: CAMS SERVICE CENTER,Shop No.26 and 27,Door
No.39/265A and 39/265B,Second Floor,Skanda Shopping Mall,Old Chad Talkies,Vaddageri,39th
Ward,Kurnool-518001 • Lucknow: CAMS SERVICE CENTER,No. 4,1st Floor,Center, Court Building,3/c,
5 - Park Road, Hazratganj Lucknow, Uttarpradesh-226001 • Ludhiana: CAMS SERVICE CENTER,U/ GF,
Prince Market, Green Field,Near Traffic Lights,Sarabha Nagar Pulli,Pakhowal
Road,Ludhiana,Punjab,141002 • Madurai: CAMS SERVICE CENTER, No. 272, First Floor, Suriya
Towers, Good Shed Street, Madurai,Tamilnadu,625001 • Malda: Daxhinapan Abasan,Opp Lane of Hotel
Kalinga,SM Pally,Malda,Westbangal 732101 • Mangalore: CAMS SERVICE CENTER, 14-6-674/15(1),
Shop NO -UG11-2 Maximus Complex, Light House Hill Road, Mangalore - 575 001. Karnataka, Phone:
0824-4254040 / 0824-4273525, Email:[email protected] • Manipal: CAMS SERVICE
CENTER,Shop No-A2,Basement floor, Academy Tower,Opposite Corporation Bank,Manipal,Karnataka
576104 • Mapusa (Parent ISC : Goa): office No. 503, Buildmore Business Park, New Canca By Pass Road,
Ximer, Mapusa, Goa - 403 507. • Margao: CAMS SERVICE CENTER,F4-Classic Heritage,Near Axis
Bank,Opp.BPS Club,Pajifond,Margao,Goa-403601 • Mathura: 159/160 Vikas Bazar Mathura
Uttarpradesh-281001 • Meerut: CAMS SERVICE CENTER,No.108 Ist Floor,Shivam Plaza,Opp: Eves
Cinema, Hapur Road,Meerut,Uttarpradesh,250002 • Mehsana: 1st Floor,Subhadra ComplexUrban Bank
RoadMehsana,Gujarat,384002 • Moga: Street No. 8-9 Center, Aarya Samaj Road, Near Ice Factory, Moga
-142 001. Phone :- 01636 – 513234 Email :- [email protected] • Moradabad: CAMS SERVICE
CENTER,No.H 21-22, Ist Floor,Ram Ganga Vihar,Shopping Complex,Opposite Sale Tax Office,
Moradabad-244001 • Mumbai: CAMS SERVICE CENTER,Rajabahdur Compound,Ground Floor,Opp
Allahabad Bank, Behind ICICI Bank30, Mumbai Samachar Marg, FortMumbai,Maharashtra,400023 •
Muzaffarpur: CAMS SERVICE CENTER,Brahman Toli,Durgasthan Gola
Road,Muzaffarpur,Bihar,842001 • Mysore: CAMS SERVICE CENTER,No.1,1st Floor,CH.26 7th Main,
5th Cross (Above Trishakthi Medicals),Saraswati Puram,Mysore,Karnataka,570009 • Nadiad: F 134, First
Floor,Ghantakarna Complex Gunj Bazar,Nadiad,Gujarat,387001 • Nagpur: CAMS SERVICE
CENTER,145 ,Lendra,New Ramdaspeth,Nagpur,Maharashtra,440010 • Namakkal: 156A / 1, First Floor,
Lakshmi Vilas BuildingOpp. To District Registrar Office, Trichy Road,Namakkal,Tamilnadu 637001 •
Nasik: CAMS SERVICE CENTER,1st Floor,"Shraddha Niketan",Tilak Wadi,Opp Hotel City
Pride,Sharanpur Road,Nasik-422002 • Navsari: 214-215, 2nd Floor, Shivani Park, Opp. Shankheswar
Complex, Kaliawadi, Navsari - 396445, Gujarat • Nellore: CAMS SERVICE CENTER,No.9/756, I Floor,
Immadisetty Towers,Ranganayakulapet Road, Santhapet,Nellore, AndhraPradesh,524001 • 401 to 404, 4th
Floor, Kanchan Junga Building, Barakhamba Road New Delhi 110001 [email protected] 011-
61245468 • Noida: CAMS SERVICE CENTER,E-3,Ground Floor,Sector 3,Near Fresh Food
factory,Noida-201301 • Palakkad: 10 / 688, Door No.18/507(3) Anugraha, Garden Street, College Road,
Palakkad – 678 001 • Palanpur: CAMS SERVICE CENTER,Gopal Trade center,Shop No.13-14,3Rd
Floor,Nr.BK Mercantile bank,Opp.Old Gunj,Palanpur-385001 • Panipat: CAMS SERVICE CENTER,SCO
83-84, First Floor, Devi Lal Shopping Complex, Opp RBL Bank, G.T.Road , Panipat, Haryana, 132103 •
Patiala: CAMS SERVICE CENTRE,No.35 New Lal Bagh,Opp.Polo Ground,Patiala-147001 • Patna:
CAMS SERVICE CENTER, 301B, Third Floor, Patna One Plaza, Near Dak bunglow Chowk, Patna –
800001, Phone - 0612-2999153 • Pitampura: CAMS SERVICE CENTER, Number G-8, Ground Floor, Plot
No C-9, Pearls Best Height - II, Netaji Subhash Place, Pitampura, New Delhi – 110034, Phone- 011-
40367369, [email protected] • Pondicherry: CAMS SERVICE CENTER,No.S-8,
100,Jawaharlal Nehru Street(New Complex, Opp. Indian Coffee House),Pondicherry,Pondicherry,605001
• Pune: CAMS SERVICE CENTER,Vartak Pride,1st Floor,Survey No.46,City Survey No.1477,Hingne
budruk,D.P.Road,Behind Dinanath mangeshkar Hospital,Karvenagar,Pune-411052 • Rae Bareli: 17, Anand
Nagar Complex Opposite Moti Lal Nehru Stadium SAI Hostel Jail Road Rae Bareilly Uttar pradesh -
229001 • Raipur: CAMS SERVICE CENTER,HIG,C-23 Sector - 1Devendra
Nagar,Raipur,Chattisgarh,492004 • Rajahmundry: CAMS SERVICE CENTER,Door No: 6-2-12, 1st
Floor,Rajeswari Nilayam,Near Vamsikrishna Hospital,Nyapathi Vari Street, T
Nagar,Rajahmundry,AndhraPradesh,533101 • Rajapalayam: No 59 A/1, Railway Feeder Road(Near
Railway Station)RajapalayamTamilnadu626117 • Rajkot: CAMS SERVICE CENTER,Office 207 - 210,
Everest BuildingHarihar ChowkOpp Shastri Maidan,Limda Chowk,Rajkot,Gujarat,360001 • Ranchi:
CAMS SERVICE CENTER,No.4,HB RoadNo: 206,2nd Floor Shri Lok ComplexH B Road Near
Firayalal,Ranchi,Jharkhand,834001 • Ratlam: Dafria & Co,No.18, Ram Bagh, Near Scholar's
School,Ratlam, MadhyaPradesh 457001 • Ratnagiri: Orchid Tower, Ground Floor, Gala No 06,
S.V.No.301/Paiki 1/2, Nachane Munciple Aat, ArogyaMandir, Nachane Link Road, Ratnagiri, Maharashtra
- 415 612 • Rohtak: CAMS SERVICE CENTRE,SCO 06,Ground Floor,MR Complex,Near Sonipat Stand
Delhi Road,Rohtak-124001 • Roorkee: 22, Civil Lines, Ground Floor,Hotel Krish
Residency,Roorkee,Uttarakhand 247667 • Rourkela: CAMS SERVICE CENTRE,2nd Floor,J B S Market
Complex,Udit Nagar,Rourkela-769012 • Sagar: Opp. Somani Automobile,s Bhagwanganj Sagar,
MadhyaPradesh 470002 • Saharanpur: I Floor, Krishna ComplexOpp. Hathi GateCourt
Road,Saharanpur,Uttarpradesh,247001 • Salem: No.2, I Floor Vivekananda Street,New
Fairlands,Salem,Tamilnadu,636016 • Sambalpur: C/o Raj Tibrewal & AssociatesOpp.Town High
School,Sansarak Sambalpur,Orissa,768001 • Sangli: Jiveshwar Krupa BldgShop. NO.2, Ground
Floor,Tilak ChowkHarbhat Road,Sangli,Maharashtra-416416 • Satara: 117 / A / 3 / 22, Shukrawar
Peth,Sargam Apartment,Satara,Maharashtra,415002 • Serampore: 47/S/1, Raja Rammohan Roy Sarani, PO.
Mallickpara, District Hoogly, Serampore – 712203 • Shahjahanpur: Bijlipura, Near Old Distt Hospital, Jail
Road ,Shahjahanpur Uttarpradesh-242001 • Shillong: 3rd FloorRPG Complex,Keating
Road,Shillong,Meghalaya,793001 • Shimla: I Floor, Opp. Panchayat Bhawan Main gateBus
stand,Shimla,HimachalPradesh,171001 • Shimoga: No.65 1st FloorKishnappa Compound1st
Cross, Hosmane Extn,Shimoga,Karnataka,577201 • Siliguri: CAMS SERVICE CENTER,No.78,Haren
Mukherjee Road,1st Floor,Beside SBI Hakimpara,Siliguri-734001 • Sirsa: Ground floor of CA Deepak
Gupta, M G Complex, Bhawna marg , Beside Over Bridge,bansal Cinerma Market, Sirsa Haryana,125055
• Sitapur: Arya Nagar Near Arya Kanya School Sitapur Uttarpradesh-261001 • Solan: 1st Floor, Above
Sharma General Store,Near Sanki Rest house,The Mall,Solan, HimachalPradesh 173212 • Solapur: Flat No
109, 1st FloorA Wing, Kalyani Tower126 Siddheshwar Peth,Near Pangal High
SchoolSolapur,Maharashtra,413001 • Sri Ganganagar: 18 L BlockSri Ganganagar,Rajasthan,335001 •
Srikakulam: Computer Age Management Services Ltd. Door No. 10-5-65, 1st Floor Dhanwanthri Complex,
Kalinga Road, Opp. Chandramouli Departmental Store, Near Seven Roads Junction, Srikakulam - 532 001
• Sultanpur: 967, Civil Lines Near Pant Stadium Sultanpur Uttarpradesh-228001 • Surat: CAMS SERVICE
CENTRE,Shop No.G-5,International Commerce Center,Nr.Kadiwala School,Majura Gate,Ring
Road,Surat-395002 • Surendranagar: Shop No. 12, M.D.Residency, Swastik Cross Road,Surendranagar
Gujarat 363001 • Tambaram: CAMS SERVICE CENTER,3rd Floor, B R Complex,No.66,Door
No.11A,Ramakrishna Iyer Street,Opp.National Cinema Theatre,West Tambaram,Chennai-600045 • Thane:
Computer Age Management Services Ltd. Dev Corpora, A Wing, 3rd Floor, Office no. 301, Cadbury
Junction, Eastern Express way, Thane (West) - 400 601 • Tinsukia: CAMS Transaction Point, Bhowal
Complex Ground Floor, Near Dena Bank, Rongagora Road PO / Dist - Tinsukia Assam PIN -786 125 •
Tirunelveli: CAMS SERVICE CENTRE,No.F4,Magnam Suraksaa Apatments,Tiruvananthapuram
Road,Tirunelveli-627002 • Tirupati: Shop No : 6,Door No: 19-10-8,(Opp to Passport Office),AIR Bypass
Road,Tirupati-517501,AndhraPradesh • Tirupur: 1(1), Binny Compound,II Street,Kumaran
Road,Tirupur,Tamilnadu,641601 • Tiruvalla: 1st Floor, Room No - 61(63), International Shopping Mall,
Opp St. Thomas Evangelical Church, Above Thomson Bakery, Manjady, Tiruvalla, Kerala – 689105 •
 Trichur: Room No. 26 & 27Dee Pee Plaza,Kokkalai,Trichur,Kerala,680001 • Trichy: No 8, I Floor, 8th
Cross West Extn,Thillainagar,Trichy,Tamilnadu,620018 • Trivandrum: R S Complex,Opp of LIC
Building,Pattom PO,Trivandrum,Kerala,695004 • Tuticorin: 4B/A16, Mangal Mall Complex,Ground
Floor,Mani Nagar,TuticorinTamilnadu628003 • Udaipur: CAMS SERVICE
CENTRE,No.32,Ahinsapuri,Fatehpura Circle,Udaipur-313001 • Ujjain: 109,1st Floor, Siddhi Vinayak
Trade Center, Shahid Park, Ujjain, Madhya Pradesh - 456 010. • Vadodara: CAMS SERVICE
CENTER,No.103, Aries Complex,Bpc Road, Off R.C.Dutt Road,Alkapuri,Vadodara,Gujarat,390007 •
Valsad: 3rd floor,Gita Nivas, opp Head Post Office,Halar Cross LaneValsad,Gujarat,396001 • Vapi: 208,
2nd Floor HEENA ARCADE,Opp. Tirupati TowerNear G.I.D.C. Char Rasta,Vapi,Gujarat,396195 •
Varanasi: Office no 1, Second floor, Bhawani Market, Building No. D-58/2-A1, Rathyatra Beside Kuber
Complex, Varanasi, Uttarpradesh-221010 • Vasco(Parent Goa): No DU 8, Upper Ground Floor, Behind
Techoclean Clinic, Suvidha Complex Near ICICI Bank,Vasco,Goa,403802 • Vashi: CAMS SERVICE
CENTER,BSEL Tech Park,B-505,Plot No.39/5 & 39/5A,Sector 30A,Opp.Vashi Railway
StationmVashi,Navi Mumbai-400705 • Vellore: CAMS SERVICE CENTRE, DOOR NO 86, BA Complex
1st Floor Shop No 3, Anna Salai (Officer Line) Tollgate, Vellore - 632 001 Phone: - 0416-2900062 Email:
- [email protected] • Vijayawada: CAMS SERVICE CENTER,40-1-68, Rao & Ratnam
Complex,Near Chennupati Petrol Pump,M.G Road, Labbipet,Vijayawada,AndhraPradesh,520010 •
Visakhapatnam: CAMS SERVICE CENTER, Flat No. GF2, D. No. 47-3-2/2, Vigneswara Plaza, 5th Lane,
Dwarakanagar Visakhapatnam- 530 016 • Warangal: F-7, 1st Floor, A.B.K Mall, Old Bus Depot Road,
Ramnagar, Hanamkonda, Warangal.Telangana- 506001 • Yamuna Nagar: 124-B/R,Model
TownYamunanagar,Yamuna Nagar,Haryana,135001 • Yavatmal: Pushpam, Tilakwadi,Opp. Dr. Shrotri
Hospital, Yavatmal, Maharashtra 445001 • Kalyan: CAMS Service Center, Office No. 413, 414, 415, 4th
Floor, Seasons Business Centre, Opp. KDMC (Kalyan Dombivli Municipal Corporation), Shivaji Chowk,
Kalyan (W) - 421 301. Email: [email protected]; CAMS Services located at No. 507, 5th Floor,
Shree Ugati Corporate Park, Opp. Pratik Mall, Near HDFC Bank, Kudasan, Gandhinagar - 382 421, Email
id : [email protected], Contact no : 079-23600400 • West Bengal: N / 39, K. N .C. Road, First
Floor, Shrikrishna Apartment (Behind HDFC Bank Barasat Branch), P. O. and P. S. Barasat, Dist. 24 P. G.
S. (North) - 700 124. Email - [email protected]. Contact Number- 9163567916 • Nipendra
Narayan Road (N. N. Road), Opposite Udichi Market Near - Banik Decorators PO & Dist , Cooch Behar,
West Bengal - 736 101. Email- [email protected]. Contact Number- 03582226739 • West Bengal:
R. N. Tagore Road, In front of Kotawali, P. S. Krishnanagar Nadia - 741 101. Email -
[email protected]. Contact Number- 6295288416 • West Bengal: Rabindra Pally, Beside of
Gitanjali Cinema Hall, P O & P S Raiganj, Dist North Dinajpur, Raiganj, West Bengal - 733 134. Email -
[email protected]. Contact Number – 7550962155 • West Bengal: No. 107 / 1, A C Road, Ground
Floor, Bohorompur, Murshidabad, West Bengal - 742 103. Email [email protected]. Contact
Number- 8535855998 • West Bengal: Bhubandanga, Opposite Shiv Shambhu Rice Mill, First Floor,
Bolpur, West Bengal - 731 204. Email- [email protected]. Contact number: 03463266013. •
Dibrugarh - Amba Complex, Ground Floor, H. S. Road, Dibrugarh - 786 001, Assam • Singh Building,
Ground Floor, C/o-Prabhdeep Singh, Punjabi Gali, Opp. V-Mart, Gar Ali, Po & Ps-Jorhat, Jorhat - 785 001,
Assam

Bandhan AMC OFFICES:

• Agra: Bandhan AMC Limited (Formerly IDFC Asset Management Company Limited), Office No. G-2,
Ground Floor, Block # 20/4, Maruti Tower, Sanjay Place, Agra - 282002Tel.:+91 562 4064889.
• Allahabad: S. N. Tower, 2nd Floor, 4 C, Maharshi Dayanand Marg, Opp. Radio Station, Civil Lines,
Allahabad - 211 001.
• Ahmedabad: B Wing, 3rd Floor, Chandan House, Opp Gruh Finance, Mithakhali Six Roads, Law Garden,
Ahmedabad 380006.Tel.:+9179-26460923 -26460925, 64505881 , 64505857.
• Amritsar: Unit No. SF-1, 2nd Floor, Eminent Mall, Mall Road, Amritsar - 143001. Mobile: 09356126222,
Tel.: +91-183-5030393.
• Kolhapur: Unit No. UG5, Upper Ground Floor, Jaduban Plaza, Unit No. 1108K/34K, E-Ward, Shahupuri,
 Kolhapur, Maharashtra - 416 001.
• Bangalore: 6th Floor, East Wing, Raheja Towers, #26 & 27, M. G. Road, Bangalore - 560 001. Tel.: +91-
80-43079000.
• Belgaum - A-101, Krrish Nest, Mangalwar Peth, Tilakwadi, Belgaum - 590006
• Bhilai: 26, Commercial Complex, Nehru Nagar (E), Bhilai, Chhattisgarh- 490020. Tel.: 0788 4060065
• Bhopal: Plot No. 49, 1st floor, Above Tata Capital Ltd., Zone - II, M.P Nagar, Bhopal (M.P.) - 462011 Tel.:
+91- 0755 - 428 1896.
• Bhubaneswar: Rajdhani House, 1st Floor, 77 Kharvel Nagar, Janpath, Bhubaneswar - 751001. Tel.: 0674
6444252 /0674 2531048 / 0674 2531148.
• Chandigarh: SCO No. 2469-70, 1st Floor, Sector - 22C, Chandigarh - 160 022. Chandigarh - 160 022. Tel.:
+91-172-5071918/19/21/22, Fax: +91-172-5071918.
• Chennai: 4 Floor, Capitale Tower, 555 Anna Salai, Thiru Vi Ka Kudiyiruppu, Teynampet , Chennai -
600018,Tamil Nadu. Tel.: +91-44-45644201/202.
• Cochin:39/3993 B2, Gr. Floor, Vantage Point, VRM Rd, Ravipuram, Cochin - 682 016. Tel: +91- 484-
3012639/4029291, Fax: +91-484-2358639.
• Coimbatore: A2 Complex , No. 49, Father Randy Street, Azad Road, R. S. Puram, Coimbatore - 641 002.
Tel.: +91-422-2542645, 2542678.
• Dehradun: G-12 B NCR Plaza, Ground Floor, 24 A, 112/28, Ravindranath Tagore Marg, New Cantt Road,
Dehradun - 248 001. Tel.: +91-9897934555, 8171872220
• *Durgapur: 6/2A, Suhatta, 6th Floor, City Centre, Durgapur - 713216. Tel.: +91 8537867746.
• Goa: F-27 & F-28, 1st Floor, Alfran Plaza, M.G Road, Opp.Don Bosco High School, Panjim, Goa - 403
001. Tel.: 0832-2231603.
• Gurgaon: 117, 1st Floor, Vipul Agora, M. G. Road, Gurgaon - 122 001. Ph: 011-47311336
• Guwahati: 4E, 4th Floor, Ganapati Enclave, G. S. Road, Ulubari, Opp. Bora Service Station, Guwahati -
781 007. Tel.: 0361-2132178/88.
• Hyderabad: 3rd floor, SB towers, Banjara Hills Road no. 1, Nearby Nagarjuna circle, Hyderabad - 500034.
Tel.: +91- 40 - 23350744.
• Indore: 405, 4th Floor, 21/ 1, D. M. Tower, Race Course Road, Indore - 452 001. Tel.: +91-731-4206927/
4208048. Fax: +91-731-4206923.
• Jaipur: 301-A, 3rd Floor, Ambition Tower, Agersen Circle, Malan Ka Chaurah, Subash Marg, C-Scheme,
Jaipur-302001. Tel.: +91-0141-2360945, 0141-2360947, 0141-2360948.
• Jalandhar: Office No. 1, 2nd Floor, Satnam Complex, BMC Chowk, G.T. Road, Jalandhar - 144 001.
Punjab-India. Tel. : 01815018264 / 01815061378/88.
• Jamshedpur: Room No - 111,1st Floor, Yash Kamal Complex, Main Road, Bistupur, Jamshepdur – 831
001. Tel.: 0657-2230112/111/222.
• Jodhpur: Office no. 101, 1st floor, PRM Plaza, plot no. – 947, above Kotak Mahindra Bank, 10th D road
sardarpura, Jodhpur – 342003, Rajasthan
• Kanpur: Office No. 214-215, IInd Floor, KAN Chambers, 14/113, Civil Lines, Kanpur - 208 001. Tel.: +91
512-2331071, 2331119.
• Kolkata: Oswal Chambers, 1st Floor, 2 Church Lane, Kolkata - 700 001. Tel.: +91-33-40171000/1/2/3/4/5.
• Lucknow: First floor, Regency Plaza Building, 5, Park Road, Opp. Dr. Shyama Prasad Mukherjee Civil
Hospital, Raj Bhavan Colony, Hazratganj, Lucknow – 226 001. Tel.:+915224928100/106.
• Ludhiana: SCO 124, 1st Floor, Feroze Gandhi Market, Ludhiana - 141 001. Tel.: +91-161-5022155/56/57.
• *Madurai: No.278, 1st Floor, Nadar Lane, North Perumal Maistry Street, Madurai-625 001. Tel. No. : 0452
-6455530.
• Mangalore: 1st Floor, Crystal Arcade, Balmatta Road, Hampankatta, Mangalore - 575001. Tel.: +91
8242980769.
• Mumbai: Unit No. 27, Ground Floor, Khetan Bhavan,198, Jamshedji Tata Road, Churchgate: 400 020. Tel:
+91-22-66289999
• Mumbai: Office 120, 1st Floor, Zest Business Spaces, M. G. Road, Ghatkopar East, Opposite Ghatkopar
Railway / Metro Station, Mumbai - 400077
• Mumbai: Ground Floor, Kapoor Apartment CHS, Near Punjabi Lane, Chandavarkar Road, Borivali (West)
Mumbai - 400092. Tel.: 022 48794555.
• Nagpur: Office No. 301, 3rd Floor, “Shalwak Manor” VIP Road, Ramdaspeth, Nagpur - 440 010,
Maharashtra Tel.: +91-712-6451428/ 2525657.
• Nashik: Shop No - 6, Rajvee Enclave, New Pandit Colony, Off. Sharanpur Road, Nashik - 422002. Tel. No.
: 0253-2314611 / 9823456183.
• New Delhi: 4th Floor, Narain Manzil, 23, Barakhamba Road, New Delhi - 110 001. Tel.: +91-11-47311301/
02/ 03/ 04/ 05.
• Pitampura Delhi: Shop No. 01 and 02, Ground Floor, Pearls Best Heights-II, Plot No. C-9, Pitampura,
Delhi. Tel.: +7065551661
• Patna: Hari Ram Heritage, Shop No. 5, 4th Floor, S. P. Verma Road, Patna - 800 001.
• Pune: 1st Floor, Dr. Herekar Park Building, Next to Kamala Nehru Park, Off. Bhandarkar Road, Pune - 411
004. Tel.: +91-20-66020965/ 4.
• Raipur: Office No:T-19, III Floor, Raheja Tower, Near Hotel Celebration, Jail Road, Raipur (C.G.) - 492
001.Tel: +91-0771-4218890.
• Rajkot: “Star Plaza”, 2nd Floor, Office No. 201, Phulchab Chowk, Rajkot - 360 001. Tel.: +91-281-
6626012.
• Jamnagar: Platinum, Office No. 204, 2nd Floor, Near Joggers Park Colony, Jamnagar, Gujarat - 361 008.
• Ranchi: Shop No. 104 and 105, 1st Floor, Satya Ganga Arcade, Vinod Ashram Road, Ranchi - 834001.
Tel.: 0651-2212591/92.
• Surat: HG-12, Higher Ground Floor,International Trade Centre, Majura Gate Crossing, Ring Road, Surat-
395002.Tel.: +91-261-2475060, 2475070.
• Thane: Shop No. 1, Konark Towers, Ghantali Devi Road, Thane (West) 400602.
• Vadodara: 1st Floor, Emerald One, C-175, Jetalpur Road, Alkapuri, Vadodara – 390007.
• Varanasi: 3rd Floor, Premise No. D-64/127, CH, Arihant Complex, Sigra Varanasi - 221010 (U.P) Phone
No. 05422226527.
• Vizag: Business Bay, D. No. 10-28-2/2/1, First Floor, Cabin No. 24, Business Bay, Kailashmetta, Waltair
Uplands, Visakhapatnam, Andhra Pradesh - 530 002.
• Jodhpur: Office no. 101, 1st floor, PRM Plaza, plot no. – 947, above Kotak Mahindra Bank, 10th D road
sardarpura, Jodhpur – 342003, Rajasthan.
• Aurangabad: Investment, CTS No. 20553, Office, 122, Samarth Nagar, Varad Ganesh Road, Aurangabad -
431 001.
• Udaipur - 1st Floor, Unit No 106, 107, 108, Amrit Shree, University Road, Digambar Jain Mandir, Shakit
Nagar, Udaipur, 313001
• Gorakhpur - Shop No. 23A, Cross Road the Mall, Bank Road, Gorakhpur - 273 001
• Anand - Narayan Empire, No. 4, Ground Floor, Opp. Mazda Bakery, Besides Panchal Hall, Anand
Vidyanagar Road, Anand - 388 001
• Siliguri - 3rd Floor, Shelcon Plaza, Sevoke Road, Siliguri - 734 001
• Meerut - Om Prakash Towers, 165/1, Ground Floor Portion, Mangal Pandey Nagar, University Road,
Meerut, Uttar Pradesh - 250 004
• Thiruvananthapuram - Workcast Private Limited of TC 22/3642, 3rd Floor, City Center, Sasthamangalam,
Thiruvananthapuram, Kerala – 695010
• Dhanbad - Jharkhand Office No. 204, 2nd Floor, Ozone Plaza, Bank More, Dhanbad, Jharkhand - 826 001
• Valsad - Tarang Commercial, 101, 1st Floor, Opp. LIC Office, Halar Cross Road, Valsad, Gujarat- 396 001
• Muzaffarpur - Ground Floor, Rajpati Kunj, Pani Tanki Chowk, Jaiswal Campus, Behind Dainik Bhaskar
Office, Mithanpura Road, Muzaffarpur - 842 002
• Amravati - Mangilal Dada Heights, 3rd Floor, Near Kedia Traders, Shrikrishna Peth, Dufferin Road, Near
Irwin Square, Amravati, Maharashtra - 444 601
• Bhavnagar - 304, 3rd Floor, Corporate Center, Waghawadi Road, Bhavnagar, Gujarat - 364 002

Please note that the Bandhan Branch offices at •Gorakhpur • Udaipur • Belgaum • Vizag • Meerut •
Thiruvananthapuram • Jamnagar • Dhanbad • Muzaffarpur • Bhavnagar will not be an Official Point
of Acceptance of transactions. Accordingly, no transaction applications / investor service requests shall be
accepted at these branch offices and the same will continue to be accepted at Investor Service Centre (ISC)
of Computer Age Management Services Ltd. (CAMS), the Registrar of Bandhan Mutual Fund.

Point of Service locations (“POS”) of MF Utilities India Private Limited (“MFUI”)

All the authorised MFUI POS designated by MFUI from time to time shall be the Official Points of
Acceptance of Transactions. In addition to the same, investors can also submit the transactions
electronically on the online transaction portal of MFUI (www.mfuonline.com). To know more about MFU
and the list of authorised MFUI POS, please visit the MFUI website (www.mfuindia.com).
Website / Electronic modes - Bandhan AMC shall accept transactions through its website
(www.Bandhanmutual.com). Transactions shall also be accepted through other electronic means including
through secured internet sites operated by CAMS with specified channel partners (i.e. distributors) with
whom AMC has entered into specific arrangements. The servers of Bandhan AMC and CAMS, where such
transactions shall be sent shall be the official point of acceptance for all such online / electronic transaction
facilities offered by the AMC.

NSE MFSS / BSE STAR / ICEX - Eligible Brokers/Clearing Members/Depository Participants /

Distributors will be considered as the Official Point of Acceptance for the transactions through NSE MFSS,
BSE STAR and ICEX platforms.

MFCentral as Official Point of Acceptance:

For enhancing investors’ experience in Mutual Fund transactions / service requests, the Qualified RTAs
(QRTA’s), Kfin Technologies Private Limited (Kfintech) and Computer Age Management Services
Limited (CAMS) have jointly developed MFCentral - A digital platform for Mutual Fund investors.

MFCentral is created with an intent to be a one stop portal / mobile app for all Mutual fund investments and
service-related needs that significantly reduces the need for submission of physical documents by enabling
various digital / phygital services to Mutual fund investors across fund houses subject to applicable Terms
& Conditions of the Platform. MFCentral may be accessed using https://mfcentral.com/

Any registered user of MFCentral, requiring submission of physical document as per the requirements of
MFCentral, may do so at any of the designated Investor Service centres or collection centres of Kfintech or
CAMS.

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