SCHEME INFORMATION DOCUMENT

SECTION I

BANDHAN SMALL CAP FUND

(formerly Bandhan EMERGING BUSINESSES FUND)

(Small Cap Fund – An open ended equity scheme predominantly investing in small cap stocks)

This product is suitable for Scheme Riskometer Benchmark Riskometer (as applicable)
investors who are seeking*:
• To create wealth over
long term As per AMFI Tier I Benchmark i.e. S&P BSE
• Investment in equity 250 SmallCap TRI
and equity related
instrument of small cap
companies

*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

Name of Mutual Fund Bandhan Mutual Fund (formerly IDFC Mutual Fund)
Name of Asset Management Bandhan AMC Limited (formerly IDFC Asset
Company Management Company Limited)
Name of Trustee Company Bandhan Mutual Fund Trustee Limited (formerly
IDFC AMC Trustee Company Limited)
Addresses of the entities 6th Floor, One World Centre, 841, Senapati Bapat
Marg, Prabhadevi, 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. No. Title Description

I. Name of the scheme Bandhan Small Cap Fund

II. Category of the Growth/Equity Oriented Schemes

Scheme
III. Scheme type Small Cap Fund – An open-ended equity scheme predominantly
investing in small cap stocks.
IV. Scheme code BNDN/O/E/SCF/19/10/0043

V. Investment The Fund seeks to generate long term capital appreciation by

objective investing predominantly in equities and equity linked securities of
small cap segment.

Disclaimer: There is no assurance or guarantee that the objectives of

the scheme will be realised.
VI. Liquidity/listing Units of the Scheme may be purchased or redeemed on all Business
details Days at 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.
VII. Benchmark (Total S&P BSE 250 SmallCap TRI
Return Index)
VIII. NAV disclosure NAV will be determined for every Business Day except in special
circumstances. NAV will be calculated upto three 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).

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 timelines Timeline for Dispatch of redemption proceeds: 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
Sr. No. Title Description
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. Refer SAI for details on exceptional scenarios.

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.

In the event of delay the AMC shall pay to the concerning investor’s
interest @15% p.a. for delayed period beyond the specified period of
seven (7) 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.
Refer SAI for details.
X. Plans and Options The Scheme offers Regular Plan & Direct Plan.
Plans/Options and
sub options under Both the Plans will have separate NAV and a common portfolio.
the Scheme
Both the Plans under the Scheme offer Income Distribution cum
capital withdrawal Option^ & Growth Option. Income Distribution
cum capital withdrawal Option under each Plan further offers of
choice of Payout of Income Distribution cum capital withdrawal
option, & Transfer of Income Distribution cum capital withdrawal
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.

The Investors should note that NAV of the Income Distribution cum
capital withdrawal Option and the Growth Option will be different
after the declaration of Income Distribution cum capital withdrawal
under the Scheme.

Please note that where the Unitholder has opted for Payout of Income
Distribution cum capital withdrawal option and in case the amount of
Income Distribution cum capital withdrawal payable to the Unitholder
is Rs.100/- or less under a Folio, the same will be compulsorily
reinvested in the Scheme.

Default option: The investors must clearly indicate the Option/facility

(Growth or Income Distribution cum capital withdrawal / Payout of
Income Distribution cum capital withdrawal option or Transfer of
Income Distribution cum capital withdrawal option) in the relevant
space provided for in the Application Form. In case the investor does
not select any Option, the default shall be considered as Growth
Option. Within Income Distribution cum capital withdrawal Option if
the investor does not select any facility, then default facility shall be
Payout of Income Distribution cum capital withdrawal option.
Sr. No. Title Description
Investors subscribing under Direct Plan of a Scheme will have to
indicate “Direct Plan” in the application form e.g. “Bandhan Small Cap
Fund - Direct Plan”. Investors should also indicate “Direct” in the ARN
column of the application form.

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

Broker Code Default Plan
Plan mentioned
Scenario mentioned by the to be
by the investor
investor captured
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
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

Investors are requested to note that any change in Income

Distribution cum capital withdrawal sub-option (Payout of Income
Distribution cum capital withdrawal option, Reinvestment of Income
Distribution cum capital withdrawal option and Transfer of Income
Distribution cum capital withdrawal option) due to additional
investment done under Income Distribution cum capital withdrawal
option or on the basis of a request received from the investor, will be
applicable to all existing units in the Income Distribution cum capital
withdrawal option of the concerned scheme under respective folio.
However, this provision shall not be applicable to transactions
undertaken / units held in demat mode.
Sr. No. Title Description

Both the Plans will have a common portfolio. The face value of the
Units is Rs.10/- per unit.
XI. Load Structure Exit Load:
1% if redeemed/switched out within 1 year from the date of allotment
XII. Minimum Particulars Details
Application Fresh Purchase Rs.1,000/- and any amount thereafter
Amount/switch in (including switch-
in)
SIP Rs.100/- and in multiples of Rs.1
thereafter
SWP Rs.200/- and in multiples of Re.1
thereafter
STP (in) Rs.500/- and any amount thereafter
(for Fixed amount option) / Rs.500/-
and any amount thereafter (for capital
• appreciation option)
XIII. Minimum Additional Particulars Details
Purchase Amount Additional Rs.1,000/- and any amount thereafter
Purchases (including
switch-in)
XIV. Minimum Particulars Details
Redemption/ switch Redemption Rs.500/- or the account balance of the
out amount investor, whichever is less.

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
pocketing disclosure default and to deal with liquidity risk.
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 Equity oriented scheme, swing pricing provision is not
disclosure applicable.
XIX. Stock lending/ short The Scheme may also engage in securities lending in accordance with
selling the applicable guidelines/regulations.
The Scheme may engage in short selling of securities in accordance
with the framework relating to short selling and securities lending and
borrowing 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). The list of the Investor Service Centres
(ISCs)/Official Points of Acceptance (OPAs) of the Mutual Fund will be
Sr. No. Title Description
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 services Contact details for general service request and for compliant
resolution:
E-Mail : [email protected]
Toll-Free : 1-800-266 66 88/ 1-800-300 666 88

Details of Investor Relation Officer

Name : Ms. Neeta Singh
Address and Contact Number: Bandhan AMC Limited (formerly IDFC
Asset Management Company Limited), 6th Floor, One World Centre,
841, Senapati Bapat Marg, Prabhadevi, Mumbai – 400013
Contact number: 022 66289999
E-Mail : [email protected]
Specific attribute of Not Applicable
XXIII the scheme (such as
lock in, duration in
case of target
maturity scheme /
close ended
schemes) (as
applicable)
XXIV Special product/ The facilities/products Available are:
facility available Systematic Investment Plan (SIP):
during the NFO and Unitholders of the scheme/s can invest through Systematic Investment
on ongoing basis Plan. SIP allows the unitholder to invest a specified sum of money each
Week / Month / Quarter with a minimum amount of Rs. 100 and
minimum 6 instalments. Unitholders have an option to invest on weekly
basis on the default dates i.e. 7, 14, 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, 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. SIP can commence on any date as mentioned above and
specified by the unitholder in SIP application form. Cheques/debit
mandate/ mandate form for Electronic Clearing System (ECS)/ such other
instrument as recognized by AMC from time to time should be drawn in
favour of the Scheme. For details on SIP facilities, please refer SAI
Sr. No. Title Description
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. 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 Small Cap 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

(as % of total assets)
Minimum Maximum
Equity and equity related instruments of Small Cap 65% 100%
companies
Equity and equity related instruments of Other 0% 35%
companies
Debt Securities and Money Market Instruments 0% 35%
(including Government securities, Securitised debt
and Cash and Cash equivalents)
Units issued by REITs & InvITs 0% 10%

Large Cap companies, Mid cap companies and Small cap companies shall have the meaning as defined
by SEBI from time to time.

• Investment in Foreign securities - up to 35% of the total assets

• Investment in Securities lending – up to 20% of the total assets with maximum single party
exposure restricted to 5% of the total assets.
• Exposure in Derivatives (other than for hedging purpose) – up to 50% of total assets
• Gross Exposure to Repo of Corporate Debt Securities – upto the extent permitted by the
Regulations (currently up to 10% of total assets, subject to change in line with the regulations
from time to time)

For detailed provision of the above mentioned securities please refer SAI

The Scheme may engage in short selling of securities in accordance with the applicable guidelines /
regulations. The scheme may invest in Credit Default Swaps (CDS) in accordance with the applicable
regulations as and when permitted by SEBI/RBI up to the extent permitted by the regulations.

As per clause 12.24 of SEBI Master Circular, the cumulative gross exposure through equity, debt,
Money market instruments, derivative positions (including commodity and fixed income derivatives),
repo transactions and credit default swaps in corporate debt securities, Real Estate Investment
Trusts (REITs), Infrastructure Investment Trusts (InvITs) and such other securities/assets as
may be permitted by the Board from time to time should not exceed 100% of the net assets
of the scheme.

The current SEBI guidelines on categorisation of the companies based on market cap are as follows:

Large Cap companies, Mid cap companies and Small cap companies are defined as follows:
• Large cap: 1st-100th company in terms of full market capitalisation.
• Mid cap: 101st-250th company in terms of full market capitalisation
• Small cap: 251st company onwards in terms of full market capitalisation.

For this purpose, list of stocks prepared by AMFI would be considered. AMFI would consider the
following points:
 a. If a stock is listed on more than one recognised stock exchange, an average of full market
capitalisation of the stock on all such stock exchanges, will be computed.
b. In case a stock is listed on only one of the recognised stock exchanges, the full market
capitalisation of that stock on such an exchange will be considered.
c. The list of stocks would be uploaded on the AMFI website and the same would be updated every
six months based on the data as on the end of June and December of each year. The data shall
be available on the AMFI website within 5 calendar days from the end of the 6 months period.
d. While preparing the single consolidated list of stocks, average full market capitalization of the
previous six month of the stocks shall be considered.

Subsequent to any updation in the list, the Scheme will have to rebalance its portfolios (if required) in
line with updated list, within a period of one month.

The SEBI guidelines on categorisation of companies based on market cap are subject to change from
time to time and the Scheme will follow the guidelines as amended from time to time.

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 A maximum of 20% of the net assets Para 12.11 of SEBI Master
will be deployed in securities lending Circular dated May 19,
and the maximum single party 2023
exposure will be restricted to 5% of
the net assets.
2. Equity Derivatives for Exposure in Derivatives (other than
non- hedging purposes for hedging purpose) – up to 50% of
total assets.
3. Securitized Debt Debt Securities and Money Market -
Instruments (including Government
securities, Securitised debt and Cash
and Cash equivalents): 0% - 35%
4. Overseas Securities Investment in Foreign securities - up Para 12.19 of SEBI Master
to 35% of the total assets Circular dated May 19,
2023
5. ReITS and InVITS Units issued by REITs & InvITs: 0% - Clause 13 of Seventh
10% Schedule of SEBI Mutual
Funds Regulations, 1996
6. AT1 and AT2 Bonds (debt a) Across all schemes of mutual fund, Para 12.2 of SEBI Master
instruments with special not more than 10% of such Circular dated May 19,
features) instruments issued by single issuer. 2023

b) A mutual fund scheme shall not

invest-
– More than 10% of NAV of debt
portfolio of the scheme in such
instruments;
– More than 5% of NAV of debt
portfolio of the scheme in such
instruments issued by single issuer.
7. Any other instrument Gross Exposure to Repo of Corporate Para 12.18.1.1 of SEBI
Debt Securities – up to the extent Master Circular dated May
 permitted by the Regulations 19, 2023
(currently up to 10% of total assets,
subject to change in line with the
regulations from time to time).

Portfolio rebalancing:

Rebalancing due to Short Term Defensive Consideration

Due to market conditions, the AMC may invest beyond the range set out in the asset allocation. Such
deviations shall normally be for a short term and defensive considerations as per Clause 1.14.1.2 of
SEBI Master circular, and the fund manager will rebalance the portfolio within 30 calendar days from
the date of deviation.

Rebalancing due to Passive Breaches

Further, as per clause 2.9 of SEBI Master circular, as may be amended from time to time, in the event
of deviation from mandated asset allocation due to passive breaches (occurrence of instances not
arising out of omission and commission of the AMC), the fund manager shall rebalance the portfolio
of the Scheme within 30 Business Days. In case the portfolio of the Scheme is not rebalanced within
the period of 30 Business Days, justification in writing, including details of efforts taken to rebalance
the portfolio shall be placed before the Investment Committee of the AMC. The Investment
Committee, if it so desires, can extend the timeline for rebalancing up to sixty (60) Business Days from
the date of completion of mandated rebalancing period. Further, in case the portfolio is not
rebalanced within the aforementioned mandated plus extended timelines the AMC shall comply with
the prescribed restrictions, the reporting and disclosure requirements as specified in clause 2.9 of SEBI
Master circular.

Provided further and subject to the above, any change in the asset allocation affecting the investment
profile of the Scheme shall be effected only in accordance with the provisions of sub regulation (15A)
of Regulation 18 of the Regulations, as detailed later in this document.

B. WHERE WILL THE SCHEME INVEST?

The corpus of the Scheme will be invested in various types of securities (including but not limited to)
such as:

1. Equity and Equity related instruments.

2. Stock futures / index futures and such other permitted derivative instruments.
3. Debt instruments (including non convertible portion of convertible instruments) 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.
4. Debt securities (including non convertible portion of convertible instruments) issued by
companies, banks, financial institutions and other bodies corporate (both public and private
sector undertakings) including Bonds, Debentures, Notes, Strips, etc. Securities created and
issued by the Central and State Governments and/or repos/reverse repos in such
Government Securities as may be permitted by RBI (including but not limited to coupon
bearing bonds, zero coupon bonds and treasury bills).
5. Securities guaranteed by the Central and State Governments (including but not limited to
coupon bearing bonds, zero coupon bonds and treasury bills).
6. Securitised Debt
7. Units issued by REITs & InvITs
8. Certificate of Deposits (CDs), Commercial Paper (CPs), TREPS, Repo in corporate debt and
 other Money Market Instruments as may be permitted by SEBI / RBI from time to time.
9. Bills Rediscounting – the investment in Bills Rediscounting will be on ‘with recourse’ basis
and will be to 10% of the net assets of the scheme.
10. Derivatives
11. Units of mutual fund schemes / ETF’s
12. Permitted foreign securities (except foreign securitised debt)

Any other securities / instruments as may be permitted by SEBI/ RBI from time to time, subject to
regulatory approvals if any.

Investment in overseas securities shall be in accordance with the requirements stipulated by SEBI and
RBI from time to time.

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

C. WHAT ARE THE INVESTMENT STRATEGIES?

The Fund seeks to capture opportunities available in the small cap segment. The fund shall invest a
minimum of 65% of its corpus in the small cap companies. The remaining portion will be invested
depending on the market conditions and in line with the fund manager views.

INVESTMENT IN DERIVATIVES

(i) Trading in Derivatives

The Scheme may use derivatives instruments like Stock/ Index Futures & Options, Interest Rate Swaps,
Forward Rate Agreements, Interest Rate Futures or such other derivative instruments as may be
introduced from time to time, in the manner and to the extent as may be 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.

Advantages of Derivatives:
The volatility in Indian markets both in debt and equity has increased over last few months. Derivatives
provide unique flexibility to the Scheme to hedge part of its portfolio. Some of the advantages 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 Master Circular related to overall
exposure limits applicable for derivative transactions :

1) The cumulative gross exposure through equity, debt and derivative positions should not exceed
100% of the net assets of the scheme.

2) Mutual Funds shall not write options or purchase instruments with embedded written options.
3) The total exposure related to option premium paid must not exceed 20% of the net assets of the
scheme.

4) Cash or cash equivalents with residual maturity of less than 91 days may be treated as not creating
any exposure.

5) Exposure due to hedging positions may not be included in the above mentioned limits subject to
the following
a. Hedging positions are the derivative positions that reduce possible losses on an existing position in
securities and till the existing position remains.
b. Hedging positions cannot be taken for existing derivative positions. Exposure due to such positions
shall have to be added and treated under limits mentioned in Point 1.
c. Any derivative instrument used to hedge has the same underlying security as the existing position
being hedged.
d. The quantity of underlying associated with the derivative position taken for hedging purposes does
not exceed the quantity of the existing position against which hedge has been taken.

6) Mutual Funds may enter into interest rate swaps for hedging purposes. The counter party in such
transactions has to be an entity recognized as a market maker by RBI. Further, the value of the notional
principal in such cases must not exceed the value of respective existing assets being hedged by the
scheme. Exposure to a single counterparty in such transactions should not exceed 10% of the net
assets of the scheme.

7) Exposure due to derivative positions taken for hedging purposes in excess of the underlying position
against which the hedging position has been taken, shall be treated under the limits mentioned in
point 1.

8) 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

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

1. Basic Structure of a Stock & Index Future

The Stock Index futures are instruments designed to give exposure to the equity markets indices. The
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 Bank NIFTY Index Future

Say, Fund buys 1,000 futures contracts; each contract value is 50 times futures index price
Purchase Date : January 25, 2022
Spot Index : 6000
Future Price : 6150
Say, Date of Expiry : February 24, 2022
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. February 24, 2022, Bank Nifty 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.

2. 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.

Currently, all stock/index Option contracts are European style and cash settled.

Example using hypothetical figures on Index Options:

Market type : N
Instrument Type : OPTIDX
Underlying : BANKNIFTY
Purchase date : January 25, 2022
Expiry date : February 24, 2022
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 January 25, 2022, 1 month Put Options on Bank Nifty on the NSE i.e. put
options on 5000 shares (100 contracts of 50 shares each) of Bank Nifty.
Date of Exercise:
As these are European style options, they can be exercised only on the expiry date i.e. February 24,
2022. If the share price of Bank Nifty 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.

Derivatives Strategy
If and where Derivative strategies are used under the scheme the Fund Manager will employ a
combination of the following strategies:

1. Index Arbitrage: As the Bank Nifty derives its value from 12 underlying stocks, the underlying stocks
can be used to create a synthetic index matching the Bank Nifty Index levels. Also, theoretically, the
fair value of a stock/ index futures is equal to the spot price plus the cost of carry i.e. the interest rate
prevailing for an equivalent credit risk, in this case is the Clearing Corporation of the NSE.

Theoretically, therefore, the pricing of Bank Nifty Index futures should be equal to the pricing of the
synthetic index created by futures on the underlying stocks. However, due to market imperfections,
the index futures may not exactly correspond to the synthetic index futures. The Bank Nifty Index
futures normally trades at a discount to the synthetic Index due to large volumes of stock hedging
being done using the Bank Nifty Index futures giving rise to arbitrage opportunities.

The fund manager shall aim to capture such arbitrage opportunities by taking long positions in the
Bank Nifty Index futures and short positions in the synthetic index. The strategy is attractive if this
price differential (post all costs) is higher than the investor’s cost-of-capital.

Objective of the Strategy:

The objective of the strategy is to lock-in the arbitrage gains.

Risks Associated with this Strategy:

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.

Execution Risk: The prices which are seen on the screen need not be the same at which execution will
take place.

2. Cash Futures Arbitrage: (Only one way as funds are not allowed to short in the cash market). The
scheme would look for market opportunities between the spot and the futures market. The cash
futures arbitrage strategy can be employed when the price of the futures exceeds the price of the
underlying stock.

The scheme will first buy the stocks in cash market and then sell in the futures market to lock the
spread known as arbitrage return. Buying the stock in cash market and selling the futures results into
a hedge where the scheme have locked in a spread and is not affected by the price movement of cash
market and futures market.

The arbitrage position can be continued till expiry of the future contracts. The future contracts are
settled based on the last half an hour’s weighted average trade of the cash market. Thus there is a
convergence between the cash market and the futures market on expiry. This convergence helps the
Scheme to generate the arbitrage return locked in earlier. However, the position could even be closed
earlier in case the price differential is realized before expiry or better opportunities are available in
other stocks The strategy is attractive if this price differential (post all costs) is higher than the
investor’s cost-of-capital.

Objective of the Strategy:

The objective of the strategy is to lock-in the arbitrage gains.

Risk Associated with this Strategy:

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.

Execution Risk: The prices which are seen on the screen need not be the same at which execution will
take place

3. Hedging and alpha strategy: The fund will use exchange-traded derivatives to hedge the equity
portfolio. The hedging could be either partial or complete depending upon the fund managers’
perception of the markets. The fund manager shall either use index futures and options or stock
futures and options to hedge the stocks in the portfolio. The fund will seek to generate alpha by
superior stock selection and removing market risks by selling appropriate index. For example, one can
seek to generate positive alpha by buying an IT stock and selling CNXIT Index future or buying a bank
stock and selling Bank Nifty Index futures or buying a stock and selling the Nifty 50 Index.

Objective of the Strategy:

The objective of the strategy is to generate alpha by superior stock selection and removing market
risks by hedging with appropriate index.

Risk Associated with this Strategy:

The stock selection under this strategy may under-perform the market and generate a negative alpha.
The risk of mispricing or improper valuation and the inability of derivatives to correlate perfectly with
underlying assets, rates and indices.

Execution Risk: The prices which are seen on the screen need not be the same at which execution will
take place.

4. Other Derivative Strategies: As allowed under the SEBI guidelines on derivatives, the fund manager
will employ various other stock and index derivative strategies by buying or selling stock/index futures
and/or options.

Objective of the Strategy:

The objective of the strategy is to earn low volatility consistent returns.

Risk Associated with this Strategy:

The risk of mispricing or improper valuation and the inability of derivatives to correlate perfectly with
underlying assets, rates and indices.

Execution Risk: The prices which are seen on the screen need not be the same at which execution will
take place.

Debt Derivatives

Interest Rate Swaps and Forward Rate Agreements

In terms of Circular No. MFD.BC.191/07.01.279/1999-2000 and MPD.BC.187/07.01.279/1999-2000
dated November 1, 1999 and July 7, 1999 respectively, issued by Reserve Bank of India permitting
participation by Mutual Funds in Interest Rate Swaps and Forward Rate Agreements, the Fund is
currently permitted to use these derivative instruments for the purpose of hedging and portfolio
balancing. The AMC would undertake use of derivatives for the purposes permitted by SEBI / RBI from
time to time.

Interest Rate Swaps (IRS)

An IRS is an agreement between two parties to exchange stated interest obligations for an agreed

period in respect of a notional principal amount. The most common form is a fixed to floating rate

swap where one party receives a fixed (pre-determined) rate of interest while the other receives a

floating (variable) rate of interest.

Forward Rate Agreement (FRA)

A FRA is basically a forward starting IRS. It is an agreement between two parties to pay or receive

the difference between an agreed fixed rate (the FRA rate) and the interest rate (reference rate)

prevailing on a stipulated future date, based on a notional principal amount for an agreed period.

The only cash flow is the difference between the FRA rate and the reference rate. As is the case with

IRS, the notional amounts are not exchanged in FRAs.

Basic Structure Of A Swap

Bank A has a 6 month Rs 10 crore liability, currently being deployed in call. Bank B has a Rs 10 crore 6
month asset, being funded through call. Both banks are running an interest rate risk.
To hedge this interest rate risk, they can enter into a 6 month MIBOR (Mumbai Inter Bank Offered
Rate) swap. Through this swap, A will receive a fixed preagreed rate (say 7%) and pay “call” on the NSE
MIBOR (“the benchmark rate”). Bank A’s paying at “call” on the benchmark rate will neutralise the
interest rate risk of lending in call. B will pay 7% and receive interest at the benchmark rate. Bank A’s
receiving of “call” on the benchmark rate will neutralise his interest rate risk arising from his call
orrowing.

The mechanism is as follows:

• Assume the swap is for Rs.10 crore from March 1, 2021 to September 1, 2021. A is a fixed rate
receiver at 7% and B is a floating rate receiver at the overnight compounded rate.
• On March 1, 2021 A and B will exchange only an agreement of having entered this swap. This
documentation would be as per International Swaps and Derivatives Association (ISDA).
• On a daily basis, the benchmark rate fixed by NSE will be tracked by them.

On September 1, 2021 they will calculate the following:

• A is entitled to receive interest on Rs.10 crore at 7% for 184 days i.e. Rs. 35.28 lakh, (this
amount is known at the time the swap was concluded) and will pay the compounded
benchmark rate.
• B is entitled to receive daily compounded call rate for 184 days & pay 7% fixed.
• On September 1, 2021, if the total interest on the daily overnight compounded benchmark
rate is higher than Rs. 35.28 lakhs, A will pay B the difference. If the daily compounded
benchmark rate is lower, then B will pay A the difference.
• Effectively Bank A earns interest at the rate of 7% p.a. for six months without lending money
for 6 months fixed, while Bank B pays interest @ 7% p.a. for 6 months on Rs. 10 crore, without
borrowing for 6 months fixed.

The AMC retains the right to enter into such derivative transactions as may be permitted by the
applicable regulations from time to time.

Interest Rate Future (IRF)

Interest Rate Futures means a standardized interest rate derivative contract traded on a recognized
stock exchange to buy or sell a notional security or any other interest bearing instrument or an index
of such instruments or interest rates at a specified future date, at a price determined at the time of
the contract.

Exchange traded IRFs are standardised contracts based on a notional coupon bearing Government of
India (GOI) security.

As there is an inverse relationship between interest rate movement and underlying bond prices and
the futures price also moves in tandem with the underlying bond prices. If the Fund Manager has a
view that interest rates will rise in the near future and intends to hedge the risk from rise in interest
rates; the Fund Manager can do so by taking short position in IRF contracts.

If the Fund Manager is of the view that the interest rates will go down the Fund Manager will buy IRF
to participate in appreciation.

Example:

The scheme holds cash & cash equivalent and expects that the interest rate will go down and intends
to take directional position. Accordingly, the fund manager shall buy IRF –
▪ Trade Date – January 1, 2022
▪ Futures Delivery date – April 1, 2022
▪ Current Futures Price - Rs. 102.00
▪ Futures Bond Yield- 8.85%
▪ Trader buys 200 contracts of the April 2022 10 Year futures contract of face value of Rs.1000 on
NSE on January 1, 2022 at Rs. 102.00

Closing out the Position

▪ Date: January 7, 2022
▪ Futures market Price – Rs. 105.00
▪ Trader sells 200 contracts of April 2022 10 year futures contract of face value of Rs.1000 at Rs.
105 and squares off his position
▪ Therefore total profit for trader 200*1000*(105 – 102) is Rs.6,00,000

Hedging

Government securities are exposed to the risk of rising interest rates, which in turn results in the
reduction in the value and such impact can be seen in the value of the portfolio of the schemes. Under
such circumstances, in order to hedge the fall in the value of the portfolio of the scheme due to falling
bond prices, the fund manager may sell IRF contracts.

Example:

Date: January 1, 2022

Spot price of GOI Security: Rs 101.80
Futures price of IRF Contract: Rs 102.00

On January 1, 2022, the Fund Manager bought 2000 GOI securities from spot market at Rs 101.80. The
Fund Manager anticipates that the interest rate will rise in near future, therefore to hedge the
exposure in underlying security the Fund Manager sells March 2022, Interest Rate Futures contracts
at Rs 102.00.

On February 01, 2022 due to increase in interest rate:

Spot price of GOI Security: Rs 100.80

Futures Price of IRF Contract: Rs 101.10
Loss in underlying market will be (101.80 - 100.80)*2000 = Rs 2000
Profit in the Futures market will be (101.10 – 102.00)*2000 = Rs 1800

Imperfect hedging:

Use of IRF may result in imperfect hedging when the IRF used for hedging the interest rate risk has
different underlying security(s) than the existing position being hedged.

Example of imperfect hedge due to use of IRF:

Date: January 1, 2022

Spot price of 8 year GOI Security: Rs.101.80
Futures price of IRF Contract (underlying is 10 year GOI): Rs.102.00
On January 1, 2022, the Fund Manager bought 2000 GOI securities from spot market at Rs.101.80. The
Fund Manager anticipates that the interest rate will rise in near future, therefore to hedge the
exposure in underlying security the Fund Manager sells March 2022, Interest Rate Futures contracts
at Rs.102.00.

On March 1, 2022 due to increase in interest rate:

Spot price of 8 year GOI Security: Rs.100.80
Futures Price of IRF Contract (underlying is 10 year GOI): Rs.101.10

Loss in underlying market will be (101.80 - 100.80)*2000 = Rs 2000

Profit in the Futures market will be (101.10 – 102.00)*2000 = Rs 1800

Because of imperfect hedging strategy, the profit in futures market is Rs.1800 while the loss in the
cash market is Rs.2000, resulting in a net loss of Rs. 200.

For detailed derivative strategies, please refer to SAI.

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 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)

D. HOW WILL THE SCHEME BENCHMARK ITS PERFORMANCE?

The performance of the scheme will be benchmarked against S&P BSE 250 SmallCap TRI.

S&P BSE 250 SmallCap index is designed to track the performance of the 250 small-cap companies by
total market capitalization within the S&P BSE 500 that are not part of the S&P BSE 100 or S&P BSE
150 MidCap. Since the Scheme invests predominantly in equity and equity related securities with
focus on small cap segment, we believe that the composition of S&P BSE 250 SmallCap Index broadly
represents the Scheme’s investment universe.

E. WHO MANAGES THE SCHEME?

The Fund Managers of the Scheme are Mr. Manish Gunwani, Mr. Kirthi Jain and Mr. Harsh Bhatia.
Their particulars are given below:
 Name Age / Brief Experience Other Schemes
Qualification Managed/Co-managed
Mr. Manish 49 Years / Post Mr. Manish Gunwani joined Bandhan Small Cap
Gunwani Graduate Bandhan AMC in January 2023 as Fund, Bandhan Hybrid
Head - Equities Diploma in Head - Equities. Equity Fund – Equity
Management - He was earlier associated with portion
(Managing this IIM, Bangalore Nippon Life India Asset
Fund since B-Tech - IIT, Management Limited as Chief
January 28, Madras Investment Officer (Equities) from
2023) September 2017 to December 2022
and had the overall responsibility of
all equity schemes of Nippon
Mutual Fund. Prior to that, he was
associated with ICICI Prudential
Asset Management Company
Limited from June 2010 to August
2017 as Deputy Chief Investment
Officer (Equities) and was the Fund
Manager of two flagship equity
schemes of ICICI Prudential Mutual
Fund.
(Total experience - 22 years)
Mr. Kirthi Jain 32 years Mr. Kirthi Jain joined Bandhan AMC Bandhan Small Cap
Vice President The Institute of Limited on May 2023 in Fund Fund
- Fund Chartered Management.
Management, Accountants of He was earlier associated with
Equities India Canara HSBC Life Insurance as
(2011) Assistant Fund Manager from June
2021 to May 2023 and with
Sundaram Mutual Fund from Sep
2016 to June 2021 as Research
Analyst in Equity investment team.
Prior to that, he was associated with
B&K Securities from Sep 2014 to Sep
2016 as Equity Research Analyst.
(Total experience – 9 years)
Mr. Harsh 28 Years CFA Mr. Harsh Bhatia joined the Equity Bandhan Midcap Fund,
Bhatia Institute, 2018 Fund Management team of Bandhan Core Equity
Manager - Bachelors in Bandhan AMC Limited as Manager - Fund and Bandhan
Equity Accounting and Equity in December 2021 and has Small Cap Fund
Finance (B.A.F), total experience of 7 years. He was
Thakur College, earlier associated with Emkay
2016 Global from November 2019 -
November 2021 as Equity Associate
wherein he was responsible for
Equity Research and Fundamental
Analysis. Prior to this, he was also
associated with Takaful Emarat
from January 2017 to March 2019
as Accountant in the Accounting
and Finance department
Fund manager for managing foreign/overseas investment

Name / Age / Brief Experience Other Schemes

Designation Qualification Managed/Co-
managed
Ms. Ritika 37 years MBA Ms. Ritika Behera has joined Bandhan Bandhan US Equity
Behera (Finance), AMC Limited as Vice President – Equities Fund of Fund.
Vice Bcom. on August 10, 2023 in Equity Investments
President - team. In her role she will be responsible All other schemes
Equities for research and analysis. She has total having provision for
experience of more than 13 years. investment in
Prior to Bandhan AMC Limited, she was overseas securities in
associated with Ocean Dial Asset equity segment
management from April 2021 to July
2023 as Analyst. Earlier to this, she was
associated with Elara Securities Pvt
Limited from January 2017 to March 2021
and Batlivala & Karani Securities Pvt Ltd
from August 2013 to January 2017.
Mr. Gaurav 28 years Mr. Gaurav Satra joined the Equity Fund
Satra Chartered Management team of Bandhan AMC in
Assistant Accountant, June 2022 and was designated as the
Manager – B.Com Equity Dealer. Prior to the same, he was
Fund associated with various Consultancy
Management Firms as a CA from December 2016 to
– Equity May 2022.

F. HOW IS THE SCHEME DIFFERENT FROM EXISTING SCHEMES OF THE MUTUAL FUND?

Name of the Category of Type of scheme Investment Objective

scheme the scheme

Bandhan Focused An open ended The investment objective of the Scheme is to

Focused Fund equity scheme generate long term capital appreciation by
Equity Fund investing in investing in a concentrated portfolio of equity
maximum 30
and equity related instruments up to 30
stocks with multi
cap focus companies.

Disclaimer: There is no assurance or

guarantee that the objectives of the scheme
will be realized.
Bandhan Value Fund An open ended The investment objective of the Scheme is to
Sterling equity scheme seek to generate capital appreciation from a
Value Fund following a value diversified portfolio of equity and equity
investment
related instruments by following a value
strategy
investment strategy.
Name of the Category of Type of scheme Investment Objective
scheme the scheme

Disclaimer: There is no assurance or

guarantee that the objectives of the scheme
will be realised.
Bandhan Large & Mid An open ended The Scheme seeks to generate long-term
Core Equity Cap Fund equity scheme capital growth by investing predominantly in
Fund investing in both large cap and mid cap stocks.
large cap and mid
cap stocks
Disclaimer: There is no assurance or
guarantee that the objectives of the scheme
will be realised.
Bandhan Tax ELSS An open ended The investment objective of the scheme is to
advantage equity linked seek to generate long-term capital growth
(ELSS) Fund saving scheme from a diversified portfolio of predominantly
with a statutory
Equity and Equity related securities.
lock in of 3 years
and tax benefit
Disclaimer: 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.

The investment policies shall be framed in

accordance with SEBI (Mutual Funds)
Regulations, 1996 and rules and guidelines
for Equity Linked Savings Scheme (ELSS), 2005
(and modifications to them)
Bandhan Flexi Cap An open ended The Scheme shall seek to generate long-term
Flexi Cap Fund dynamic equity capital growth by investing in a diversified
Fund scheme investing portfolio of equity and equity related
across large cap,
instruments across market capitalization –
mid cap, small cap
stocks large cap, mid cap and small cap, fixed
income securities and Money Market
Instruments.

Disclaimer: There is no assurance or

guarantee that the objectives of the scheme
will be realised.
Bandhan Large Cap An open ended The investment objective of the Scheme is to
Large Cap Fund equity scheme seek to generate capital growth from
Fund predominantly predominantly investing in large cap stocks.
investing in large
cap stocks Disclaimer: There is no assurance or
guarantee that the objectives of the scheme
will be realised.
Bandhan Sectoral / An open ended The investment objective of the scheme is to seek
Name of the Category of Type of scheme Investment Objective
scheme the scheme

Infrastructur Thematic equity scheme to generate long-term capital growth through

e Fund investing in an active diversified portfolio of
Infrastructure predominantly equity and equity related
sector
instruments of companies that are
participating in and benefiting from growth in
Indian infrastructure and infrastructural
related activities.

Disclaimer: However, there can be no

assurance that the investment objective of
the scheme will be realized.
Bandhan Multi Cap An open-ended The Fund seeks to generate long term capital
Multi Cap Fund equity scheme appreciation by investing in a diversified
Fund investing across portfolio of equity & equity related
large cap, mid cap,
instruments across large cap, mid cap, small
small cap stocks
cap stocks.

Disclaimer: There is no assurance or

guarantee that the objectives of the scheme
will be realised.
Bandhan Mid Cap An open ended The Fund seeks to generate long term capital
Midcap Fund Fund equity scheme appreciation by investing predominantly in
predominantly equities and equity linked securities of mid
investing in mid
cap segment.
cap stocks.

Disclaimer: There is no assurance or

guarantee that the objectives of the scheme
will be realised.
Bandhan Sectoral / Sector Fund - An The Scheme seeks to generate long-term
Transportati Thematic open-ended capital growth by investing predominantly in
on and equity scheme equity and equity related securities of
Logistics investing in
companies engaged in the transportation and
Fund transportation
and logistics logistics sector.
sector
Disclaimer: There is no assurance or
guarantee that the objectives of the scheme
will be realised.
Bandhan Sectoral / An open ended The Scheme seeks to generate long-term
Financial Thematic equity scheme capital appreciation by investing
Services investing in predominantly in equity and equity related
Fund Financial Services instruments of companies engaged in
Sector financial services.

Disclaimer: There is no assurance or

 Name of the Category of Type of scheme Investment Objective
scheme the scheme

guarantee that the objectives of the scheme

will be realised.
Bandhan Small Cap An open-ended The Fund seeks to generate long term capital
Small Cap Fund equity scheme appreciation by investing predominantly in
Fund predominantly equities and equity linked securities of small
investing in small
cap segment.
cap stocks

Disclaimer: There is no assurance or

guarantee that the objectives of the scheme
will be realised.

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
Returns Direct Regular Direct Regular

Returns for the 68.94% 66.49% 52.97% 52.97%

last 1 Year
Returns for the 29.12% 27.11% 25.55% 25.55%
last 3 Years
Returns for the NA NA NA NA
last 5 Years
Returns Since 38.70% 36.38% 30.53% 30.53%
Inception
Benchmark – S&P BSE 250 SmallCap TRI
Date of Inception: Direct Plan –25th February 2020_ Regular Plan – 25th February 2020
 Chart Title
150.00

100.00

50.00

0.00
FY 2023-24 FY 2022-23 FY 2021-22 FY 2020-21
-50.00

Bandhan Small Cap Fund - Dir - Growth Bandhan Small Cap Fund - Reg - Growth
S&P BSE 250 SmallCap TRI

H. ADDITIONAL SCHEME RELATED DISCLOSURES

ii. Scheme’s portfolio holdings
Refer https://bandhanmutual.com/downloads/sid for top 10 holdings by issuer and fund
allocation towards various sectors
iii. Refer https://bandhanmutual.com/downloads/disclosures for Portfolio Disclosure -
Fortnightly / Monthly/ Half Yearly portfolio disclosure.
iv. Portfolio Turnover ratio of the scheme for the period June 01, 2023 to May 31, 2024 is 0.87
v. Aggregate investment in the Scheme as on May 31, 2024 by::

Sr. No. Category of Persons Net Value Market Value

Concerned scheme’s Fund Units NAV per unit (in Rs.)
Manager(s)
1 Mr. Manish Gunwani 16144.2 40.37300 651789.7866
2 Mr. Kirthi Jain 31757.442 40.37300 1282143.206
3 Mr. Harsh Bhatia 2371.481 40.37300 95743.80241
4 Ms. Ritika Behera 1,965.148 40.37300 79,338.92
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%.

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.

Illustration: SO- 42

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 three 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 does not apply to the scheme, as the ongoing offer of the scheme has commenced after
the NFO, and the units are available for continuous subscription and redemption at applicable NAV
based prices.

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:

The AMC has estimated that upto 2.25% (plus additional expenses as permitted under SEBI
Regulations) of the daily net assets of the scheme will be charged to the scheme as expenses.

As per SEBI (MF) Regulations, 1996, recurring expenses will not exceed the following limits :

1. on the first Rs. 500 crore of the Scheme's daily net assets, will not exceed 2.25%;
2. on the next Rs. 250 crore of the Scheme's daily net assets, will not exceed 2.00%;
3. on the next Rs. 1,250 crore of the Scheme’s daily net assets, will not exceed 1.75%;
4. on the next Rs. 3,000 crore of the Scheme’s daily net assets, will not exceed 1.60%;
5. on the next Rs. 5,000 crore of the Scheme’s daily net assets, will not exceed 1.50%;
6. on the next Rs. 40,000 crore of the Scheme’s daily net assets, Total Expense Ratio reduction
of 0.05% for every increase of Rs. 5,000 crores of daily net assets or part thereof; and
7. on balance of the assets, will not exceed 1.05%.
For the actual current expenses being charged, the investor should refer to the website of the
mutual fund.

In addition to the recurring expense mentioned above, additional expenses of 0.05% of daily net assets
of the scheme shall be chargeable.

Expense Head % p.a. of daily Net

Assets* (Estimated
p.a.)
Investment Management & Advisory Fee Upto 2.25%
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 Upto 2.25%
52 (6) (c)^
Additional expenses under regulation 52 (6A) (c) Upto 0.05%
Additional expenses for gross new inflows from specified cities Upto 0.30%

^ In line with clause 10.1.16.a of SEBI Master Circular, the AMC / Mutual Fund shall annually set apart
at least 2 basis points (i.e. 0.02%) 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.

Brokerage and transaction costs (inclusive of GST) which are incurred for the purpose of execution of
trades, shall be charged to the scheme as per Regulation 52(6A)(a) of SEBI (Mutual Funds) Regulations,
1996 not exceeding 0.12 per cent in case of cash market transactions and 0.05 per cent in case of
derivatives transactions. With effect from April 1, 2023, to align with Indian Accounting Standards
requirement, transactions cost incurred for the purpose of execution of trades are expensed out (viz.
charged to Revenue Account instead of Capitalization (i.e. forming part of cost of investment)). Any
payment towards brokerage and transaction cost, over and above the said 0.12 percent and 0.05
percent for cash market transactions and derivatives transactions respectively may be charged to the
scheme within the maximum limit of Total Expense Ratio (TER) as prescribed under regulation 52 of
the SEBI (Mutual Funds) Regulations, 1996.

The expense of 30 bps shall be charged if the new inflows from retail investors from B30 cities as
specified from time to time are at least -
(i) 30 per cent of gross new inflows from retail investors in the scheme, or; (ii) 15 per cent of the
average assets under management (year to date) of the scheme, whichever is higher:
Provided that if inflows from retail investors from B30 cities is less than the higher of sub-clause (i) or
sub- clause (ii), such expenses on daily net assets of the scheme shall be charged on proportionate
basis.

Provided further that expenses charged under this clause shall be utilized for distribution expenses
incurred for bringing inflows from retail investors from B30 cities. Provided further that amount
incurred as expense on account of inflows from retail investors from B30 cities shall be credited back
to the scheme in case the said inflows are redeemed within a period of one year from the date of
investment.

In case inflows from retail investors from beyond top 30 cities is less than the higher of (i) or (ii) above,
additional TER on daily net assets of the scheme shall be charged as follows:

Daily net assets X 30 basis points X New inflows from individuals beyond top 30 cities
--------------------------------------------------------------------------
365* X Higher of (i) or (ii) above

* 366, wherever applicable.

For the above purposes, ‘B30 cities’ shall be beyond Top 30 cities as at the end of previous financial
year as communicated by AMFI. Retail investors would mean individual investors from whom inflows
into the Scheme would amount upto Rs. 2,00,000/- per transaction.

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.

Direct Plan shall have a lower expense ratio excluding distribution expenses, commission, etc. and no
commission for distribution of Units will be paid / charged under Direct Plan. All fees and expenses
charged in a Direct Plan (in percentage terms) under various heads including the investment and
advisory fee shall not exceed the fees and expenses charged under such heads in other than Direct
Plan.

The AMC shall adhere provisions of para 10.1.12 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.
b) 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.
c) The Fund / the AMC shall adopt full trail model of commission in the Scheme, without payment
of any upfront commission or upfronting of any trail commission, directly or indirectly, in cash
or kind, through sponsorships, or any other route.
d) All fees and expenses charged in a Direct Plan (in percentage terms) under various heads
including the investment and advisory fee shall not exceed the fees and expenses charged under
such heads in Regular Plan.
e) No pass back, either directly or indirectly, shall be given by the Fund / the AMC / Distributors to
the investors.

Disclosure on Goods & Services Tax:

Goods & Services Tax on investment management and advisory fees shall be in addition to the above
expense.

Further, with respect to Goods & Services Tax on other than management and advisory fees:
a. Goods & 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.
b. Goods & Services Tax on exit load, if any, shall be paid out of the exit load proceeds and exit load
net of Goods & Services Tax, if any, shall be credited to the scheme.
c. Goods & 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 https://bandhanmutual.com/statutory-disclosures/total-expense-ratio (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 1% if redeemed/switched out within 1 year from the date of allotment

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

1. The scheme would predominantly invest in Equity and Equity related instruments pertaining to
Small cap companies in line with the Investment objective of the scheme. Investing in such
companies may involve more risks than investing in large cap / mid cap companies on account of
higher market volatility and market fluctuations, it may also accordingly affect returns of the
investors. Historically, the small cap stocks have experienced lower liquidity than large cap/ mid
cap stocks, hence the liquidity risks are also expected to be relatively higher. Thus, investing in the
defined portfolio may involve greater risk as compared to investing in more liquid stocks forming
part of instruments with large capitalization
2. 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.
Consequently, the NAV of the Units of the Scheme may fluctuate and can go up or down.
3. Different segments of the Indian financial markets have different settlement periods and such
periods may be extended significantly by unforeseen circumstances. The inability of the Scheme
to make intended securities purchases due to settlement problems could cause the Scheme to
miss certain investment opportunities. By the same rationale, the inability to sell securities held
in the Scheme’s portfolio due to the absence of a well developed and liquid secondary market for
debt securities would result, at times, in potential losses to the Scheme, in case of a subsequent
decline in the value of securities held in the Scheme’s portfolio.

Risk related to equity and equity related securities

1. The Scheme proposes to invest in equity and equity related instruments. Equity instruments by
nature are volatile and prone to price fluctuations on a daily basis due to both micro and macro
factors. Trading volumes, settlement periods and transfer procedures may restrict the liquidity of
these investments. Different segments of financial markets have different settlement periods and
such periods may be extended significantly by unforeseen circumstances. The inability of the
Scheme(s) to make intended securities’ purchases due to settlement problems could cause the
Scheme(s) to miss certain investment opportunities.
2. While securities that are listed on the stock exchange carry lower liquidity risk, the ability to sell
these investments is limited by the overall trading volume on the stock exchanges.
3. Trading volumes, settlement periods and transfer procedures may restrict the liquidity of the
investments made by the Scheme. Different segments of the Indian financial markets have
different settlement periods and such periods may be extended significantly by unforeseen
circumstances leading to delays in receipt of proceeds from sale of securities. The NAV of the
Scheme(s) can go up and down because of various factors that affect the capital markets in
general.
4. Securities, which are not quoted on the stock exchanges, are inherently illiquid in nature and carry
a larger amount of liquidity risk, in comparison to securities that are listed on the exchanges or
offer other exit options to the investor, including a put option. Within the Regulatory limits, the
AMC may choose to invest in unlisted securities that offer attractive yields. This may however
increase the risk of the portfolio.

Risk related to fixed income securities

1. The NAV of the Scheme is likely to be affected by changes in the prevailing rates of interest.
2. Different types of securities in which the scheme would invest (bonds / money market instruments
etc.) as given in the Scheme Information Document carry different levels and types of risks.
Accordingly the scheme's risk may increase or decrease depending upon its investment pattern.
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.
3. Money market securities, while fairly liquid, lack a well-developed secondary market, which may
restrict the selling ability of the Scheme(s) and may lead to the Scheme(s) incurring losses till the
security is finally sold.
4. As zero coupon securities do not provide periodic interest payments to the holder of the security,
these securities are more sensitive to changes in interest rates. Therefore, the interest rate risk of
zero coupon securities is higher. The AMC may choose to invest in zero coupon securities that
offer attractive yields. This may increase the risk of the portfolio. Zero coupon or deep discount
bonds are debt obligations that do not entitle the holder to any periodic payment of interest prior
to maturity or a specified date when the securities begin paying current interest and therefore,
are generally issued and traded at a discount to their face values. The discount depends on the
time remaining until maturity or the date when securities begin paying current interest. It also
varies depending on the prevailing interest rates, liquidity of the security and the perceived credit
risk of the Issuer. The market prices of zero coupon securities are generally more volatile than the
market prices of securities that pay interest periodically.
5. Apart from normal credit risk, zero coupon bonds carry an additional risk, unlike bonds that pay
interest throughout the period to maturity, zero coupon instruments/deferred interest bonds
typically would not realise any cash until maturity. If the issuer defaults, the Scheme may not
obtain any return on its investment.
6. The AMC may, considering the overall level of risk of the portfolio, invest in lower rated/ unrated
securities offering higher yields. This may increase the risk of the portfolio.
7. 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.
8. 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.
9. 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.
10. 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.
11. 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 the NAV.
12. Liquidity Risk: Due to the evolving nature of the securities market, there may be an increased risk
of liquidity risk in the portfolio from time to time.
13. Other Risk: In case of downward movement of interest rates, floating rate debt instruments will
give a lower return than fixed rate debt instruments.
14. Securities Lending: Engaging in securities lending is subject to risks related to fluctuations in
collateral value and settlement/liquidity and counter party risks. The risks in lending portfolio
securities, as with other extensions of credit, consist of the failure of another party, in this case
the approved intermediary, to comply with the terms of agreement entered into between the
lender of securities i.e. the Scheme and the approved intermediary. Such failure to comply can
result in the possible loss of rights in the collateral put up by the borrower of the securities, the
inability of the approved intermediary to return the securities deposited by the lender and the
possible loss of any corporate benefits accruing to the lender from the securities deposited with
the approved intermediary. The Mutual Fund may not be able to sell such lent securities and this
can lead to temporary illiquidity.
15. Short-selling of Securities: Purchasing a security entails the risk of the security price going down.
Short selling of securities (i.e. sale of securities without owning them) entails the risk of the
security price going up there by decreasing the profitability of the short position. Short selling is
subject to risks related to fluctuations in market price, and settlement/liquidity risks. If required
by the Regulations, short selling may entail margin money to be deposited with the clearing house
and daily mark to market of the prices and margins. This may impact fund pricing and may induce
liquidity risks if the fund is not able to provide adequate margins to the clearing house. Failure to
meet margin requirements may result in penalties being imposed by the exchanges and clearing
house.

Risk associated with investing in foreign securities

It is AMC’s belief that the investment in ADRs/GDRs/overseas securities offer new investment and
portfolio diversification opportunities into multi-market and multi-currency products. However, such
investments also entail additional risks. Such investment opportunities may be pursued by the AMC
provided they are considered appropriate in terms of the overall investment objectives of the
schemes. Since the Schemes would invest only partially in ADRs/GDRs/overseas securities, there may
not be readily available and widely accepted benchmarks to measure performance of the Schemes.

To the extent the assets of the scheme(s) are invested in overseas financial assets, there may be risks
associated with currency movements, restrictions on repatriation and transaction procedures in
overseas market. Further, the repatriation of capital to India may also be hampered by changes in
regulations or political circumstances as well as the application to it of other restrictions on
investment. In addition, country risks would include events such as introduction of extraordinary
exchange controls, economic deterioration, bi-lateral conflict leading to immobilization of the
overseas financial assets and the prevalent tax laws of the respective jurisdiction for execution of
trades or otherwise.

The Scheme(s) may also invest in ADRs / GDRs / Other Foreign Securities as permitted by Reserve Bank
of India and Securities and Exchange Board of India from time to time. To the extent that some part
of the assets of the Scheme(s) may be invested in securities denominated in foreign currencies, Indian
Rupee equivalent of the net assets, distributions and income may be adversely affected by the changes
in the value of certain foreign currencies relative to the Indian Rupee. The repatriation of capital also
may be hampered by changes in regulations concerning exchange controls or political circumstances
as well as the application to it of other restrictions on investment as applicable.

As the investment may be made in stocks of different countries, the portfolio shall be exposed to the
political, economic and social risks with respect to each country. However, the portfolio manager shall
ensure that his exposure to each country is limited so that the portfolio is not exposed to one country.
Investments in various economies will also diversify and reduce this risk.

Currency Risk: The scheme(s) may invest in securities denominated in a broad range of currencies and
may maintain cash in such currencies. As a consequence, fluctuations in the value of such currencies
against the currency denomination of the relevant scheme will have a corresponding impact on the
value of the portfolio. Furthermore, investors should be aware that movements in the rate of
exchange between the currency of denomination of a fund and their home currency will affect the
value of their shareholding when measured in their home currency.

In respect of the corpus of the Scheme(s) that is invested in overseas mutual fund schemes, investors
shall bear the proportionate recurring expenses of such underlying scheme(s), in addition to the
recurring expenses of the Scheme(s). Therefore, the returns attributable to such investments by the
Scheme(s) may be impacted or may, at times, be lower than the returns that the investors could obtain
by directly investing in the said underlying scheme(s).

To manage risks associated with foreign currency and interest rate exposure, the Fund may use
derivatives for efficient portfolio management including hedging and in accordance with conditions as
may be stipulated by SEBI/RBI from time to time. Offshore investments will be made subject to any/all
approvals, conditions thereof as may be stipulated by SEBI/RBI and provided such investments do not
result in expenses to the Fund in excess of the ceiling on expenses prescribed by and consistent with
costs and expenses attendant to international investing. The Fund may, where necessary, appoint
other intermediaries of repute as advisors, custodian/sub-custodians etc. for managing and
administering such investments. The appointment of such intermediaries shall be in accordance with
the applicable requirements of SEBI and within the permissible ceilings of expenses. The fees and
expenses would illustratively include, besides the investment management fees, custody fees and
costs, fees of appointed advisors and sub-managers, transaction costs, and overseas regulatory costs.

Risks associated 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 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. 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.

Derivatives are highly leveraged instruments. Even a small price movement in the underlying security
could have a large impact on their value. Also, the market for derivative instruments is nascent in
India. 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.

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.

Risk associated with Interest Rate Future

(i) Market risk: Derivatives carry the risk of adverse changes in the market price.
(ii) Liquidity risk – This occurs where the derivatives cannot be sold (unwound) at prices that
reflect the underlying assets, rates and indices.
(iii) Model Risk - The risk of mispricing or improper valuation of derivatives.
(iv) Basis Risk – This risk arises when the instrument used as a hedge does not match the movement
in the instrument/ underlying asset being hedged. The risks may be inter-related also; for e.g.
interest rate movements can affect equity prices, which could influence specific issuer/industry
assets.
(v) Risk associated with imperfect hedge due to use of IRF: ‘Basis Risk’ is the risk that arises when
the instrument used as a hedge does not match the movement in the instrument/ underlying
asset being hedged. This could result into potential gains or losses from the strategy.

Risk Associated with investing in Securitized Debt

The Scheme may invest in domestic securitized debt such as asset backed securities (ABS) or mortgage
backed securities (MBS). Asset Backed Securities (ABS) are securitized debts where the underlying
assets are receivables arising from various loans including automobile loans, personal loans, loans
against consumer durables, etc. Mortgage backed securities (MBS) are securitized debts where the
underlying assets are receivables arising from loans backed by mortgage of residential / commercial
properties. ABS/MBS instruments reflect the undivided interest in the underlying pool of assets and
do not represent the obligation of the issuer of ABS/MBS or the originator of the underlying
receivables. The ABS/MBS holders have a limited recourse to the extent of credit enhancement
provided. If the delinquencies and credit losses in the underlying pool exceed the credit enhancement
provided, ABS/MBS holders will suffer credit losses. ABS/MBS are also normally exposed to a higher
level of reinvestment risk as compared to the normal corporate or sovereign debt.

At present in Indian market, following types of loans are securitised:

• Auto Loans (cars / commercial vehicles /two wheelers)
• Residential Mortgages or Housing Loans
• Consumer Durable Loans
• Personal Loans
• Corporates Loans

The main risks pertaining to each of the asset classes above are described below:

Auto Loans (cars / commercial vehicles /two wheelers)

The underlying assets (cars etc) are susceptible to depreciation in value whereas the loans are given
at high loan to value ratios. Thus, after a few months, the value of asset becomes lower than the loan
outstanding. The borrowers, therefore, may sometimes tend to default on loans and allow the vehicle
to be repossessed. These loans are also subject to model risk. ie if a particular automobile model does
not become popular, loans given for financing that model have a much higher likelihood of turning
bad. In such cases, loss on sale of repossession vehicles is higher than usual. Commercial vehicle loans
are susceptible to the cyclicality in the economy. In a downturn in economy, freight rates drop leading
to higher defaults in commercial vehicle loans. Further, the second hand prices of these vehicles also
decline in such economic environment.

Housing Loans
Housing loans in India have shown very low default rates historically. However, in recent years, loans
have been given at high loan to value ratios and to a much younger borrower classes. The loans have
not yet gone through the full economic cycle and have not yet seen a period of declining property
prices. Thus the performance of these housing loans is yet to be tested and it need not conform to the
historical experience of low default rates.

Consumer Durable Loans

The underlying security for such loans is easily transferable without the bank’s knowledge and hence
repossession is difficult. The underlying security for such loans is also susceptible to quick depreciation
in value. This gives the borrowers a high incentive to default.

Personal Loans
These are unsecured loans. In case of a default, the bank has no security to fall back on. The lender
has no control over how the borrower has used the borrowed money. Further, all the above categories
of loans have the following common risks:
All the above loans are retail, relatively small value loans. There is a possibility that the borrower takes
different loans using the same income proof and thus the income is not sufficient to meet the debt
service obligations of all these loans.
In India, there is insufficiency of ready comprehensive and complete database regarding past credit
record of borrowers. Thus, loans may be given to borrowers with poor credit record. In retail loans,
the risks due to frauds are high.

Corporate Loans
These are loans given to single or multiple corporates. The receivables from a pool of loans to
corporate are assigned to a trust that issues Pass through certificates in turn. The credit risk in such
PTCs is on the underlying pool of loans to corporates. The credit risk of the underlying loans to the
corporates would in turn depend of economic cycles.

Risk associated with investing in Repo of Corporate Bond Securities

To the extent the scheme invests in Repo of Corporate Bond Securities, the scheme will be subject to
following risks –
• Settlement Risk: Corporate Bond Repo will be settled between two counterparties in the OTC
segment unlike in the case of TREPS transactions where CCIL stands as central counterparty on all
transactions (no settlement risk).
• Quality of collateral: The Mutual Fund will be exposed to credit risk on the underlying collateral –
downward migration of rating. The Mutual Fund will impose adequate haircut on the collateral to
cushion against any diminution in the value of the collateral. Collateral will require to be rated
AAA or equivalent.
• Liquidity of collateral: In the event of default by the counterparty, the Mutual Fund would have
recourse to recover its investments by selling the collateral in the market. If the underlying
collateral is illiquid, then the Mutual Fund may incur an impact cost at the time of sale (lower price
 realization).

Risks associated with investing in REIT and InvIT:

Market Risk

The scheme is vulnerable to movements in the prices of REITs/InvITs invested by the scheme, which
could have a material bearing on the overall returns from the scheme. Further, the distributions by
these securities may fluctuate and will be based on the net cash flows available for distribution
depending on the Income Distribution cum capital withdrawals or the interest and principal payments
received from portfolio assets.
The value of the Scheme’s investments, may be affected generally by factors affecting the markets,
interest 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

This refers to the ease with which a security can be sold. As the liquidity of the investments made by
the Scheme could be restricted by lack of active secondary market, trading volumes and settlement
periods, or the time taken by the Mutual Fund for liquidating the investments in the scheme may be
high in the event of immediate redemption requirement.

Reinvestment Risk

This risk refers to the interest rate levels at which cash flows received from the securities in the 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 segregated portfolio:

1. 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.

2. 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.

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.

Risks associated with Equity investment

Risk Description Risk Mitigants/management strategy

Market Risk Market risk is a risk which is inherent to
The scheme is vulnerable to movements in the prices of an equity scheme. The scheme may use
securities invested by the scheme, which could have a derivatives to limit this risk.
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 fund seeks to control such risk by
The liquidity of the Scheme’s investments is inherently investing in such stocks having strong
restricted by trading volumes in the securities in which it fundamentals, sound financial strength
invests. and superior quality of management
and highly liquid papers. The fund will
try to maintain a proper asset-liability
match to ensure redemption
payments are made on time and not
affected by illiquidity of the underlying
stocks.
Derivatives Risk The fund has provision for using
As and when the Scheme trades in the derivatives market derivative instruments in the manner
there are risk factors and issues concerning the use of permitted by SEBI from time to time.
derivatives that Investors should understand. Derivative Investments in derivative instruments
products are specialized instruments that require will be used as per local (RBI and SEBI)
investment techniques and risk analyses different from regulatory guidelines. The fund will
those associated with stocks and bonds. The use of a endeavor to maintain adequate
derivative requires an understanding not only of the controls to monitor the derivatives
underlying instrument but also of the derivative itself. transactions entered into.
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
 Risk Description Risk Mitigants/management strategy
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.

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
may affect the Scheme’s Net Asset Value as the prices investment in money market securities
of securities generally increase as interest rates whereas if the interest rates are expected
decline and generally decrease as interest rates rise. to fall the allocation to debt securities
Prices of long-term securities generally fluctuate more with longer maturity will be increased
in response to interest rate changes than do short- thereby mitigating risk to that extent.
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
This refers to the ease with which a security can be securities, corporate bonds and money
sold at or near to its valuation Yield-To-Maturity market instruments. While the liquidity
(YTM). The primary measure of liquidity risk is the risk for government securities, money
spread between the bid price and the offer price market instruments and short maturity
quoted by a dealer. Liquidity risk is today characteristic corporate bonds may be low, it may be
of the Indian fixed income market. high in case of medium to long maturity
corporate bonds. Liquidity risk is today
characteristic of the Indian 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
Credit risk or default risk refers to the risk that an for identifying company specific risks.
issuer of a fixed income security may default (i.e., will Management’s past track record will also
be unable to make timely principal and interest be studied. In order to assess financial risk
payments on the security). Because of this risk a detailed assessment of the issuer’s
corporate debentures are sold at a higher yield above financial statements will be undertaken to
those offered on Government Securities which are review its ability to undergo stress on cash
sovereign obligations and free of credit risk. Normally, flows and asset quality. A detailed
the value of a fixed income security will fluctuate evaluation of accounting policies, off
depending upon the changes in the perceived level of balance sheet exposures, notes, auditors’
credit risk as well as any actual event of default. The comments and disclosure standards will
greater the credit risk, the greater the yield required also be made to assess the overall
for someone to be compensated for the increased risk. financial risk of the potential borrower. In
case of securitized debt instruments, the
fund will ensure that these instruments
 Risk Description Risk Mitigants/management strategy
are sufficiently backed by assets.
Reinvestment Risk Reinvestment risks will be limited to the
This risk refers to the interest rate levels at which cash extent of coupons received on debt
flows received from the securities in the Scheme are instruments, which will be a very small
reinvested. The additional income from reinvestment portion of the portfolio value.
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.
Derivatives Risk The fund has provision for using derivative
As and when the Scheme trades in the derivatives instruments in the manner permitted by
market there are risk factors and issues concerning the SEBI from time to time. Interest Rate
use of derivatives that Investors should understand. Swaps will be done with approved counter
Derivative products are specialized instruments that parties under pre-approved ISDA
require investment techniques and risk analyses agreements. Mark to Market of swaps,
different from those associated with stocks and bonds. netting off of cash flow and default
The use of a derivative requires an understanding not provision clauses will be provided as per
only of the underlying instrument but also of the international best practice on a reciprocal
derivative itself. Derivatives require the maintenance basis. Interest rate swaps and other
of adequate controls to monitor the transactions derivative instruments will be used as per
entered into, the ability to assess the risk that a local (RBI and SEBI) regulatory guidelines.
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.

II. Information about the scheme:

A. Where will the scheme invest –

The corpus of the Scheme will be invested in various types of securities (including but not limited to)
such as:

1. Equity and Equity related instruments.

2. Stock futures / index futures and such other permitted derivative instruments.
3.Debt instruments (including non convertible portion of convertible instruments) 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.
4.Debt securities (including non convertible portion of convertible instruments) issued by companies,
banks, financial institutions and other bodies corporate (both public and private sector undertakings)
including Bonds, Debentures, Notes, Strips, etc. Securities created and issued by the Central and
State Governments and/or repos/reverse repos in such Government Securities as may be permitted
by RBI (including but not limited to coupon bearing bonds, zero coupon bonds and treasury bills).
5.Securities guaranteed by the Central and State Governments (including but not limited to coupon
bearing bonds, zero coupon bonds and treasury bills).
6.Securitised Debt
7.Units issued by REITs & InvITs
8.Certificate of Deposits (CDs), Commercial Paper (CPs), TREPS, Repo in corporate debt and other
Money Market Instruments as may be permitted by SEBI / RBI from time to time.
9.Bills Rediscounting – the investment in Bills Rediscounting will be on ‘with recourse’ basis and will
be to 10% of the net assets of the scheme.
10.Derivatives
11.Units of mutual fund schemes / ETF’s
12.Permitted foreign securities (except foreign securitised debt)
13.Any other securities / instruments as may be permitted by SEBI/ RBI from time to time, subject to
regulatory approvals if any.

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 issued by SEBI vide para 12.16 of Master circular dated May 19, 2023
as amended from time to time. 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 securities mentioned above and such other securities the Scheme is permitted to invest in could
be listed, unlisted, publicly offered, privately placed, through negotiated deals, secured, unsecured,
of various ratings or unrated as well as of various maturity.

For the purpose of further diversification and liquidity, 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.

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.

a. 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. Floating rate debt instruments are debt instruments issued by central government, state
government, corporates, PSUs etc. with coupon reset periodically. The periodicity of reset
could be daily, monthly, quarterly, half yearly and annually or any other periodicity as may
be mutually agreed between the issuer and the Fund. The fund manager will have the
flexibility to invest the debt component into floating rate debt securities in order to reduce
the impact of rising interest rate in the economy.
3. 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.

4. Debt Instruments with special features viz. subordination to equity (absorbs losses before
equity capital) and /or convertible to equity upon trigger of a pre-specified event for loss
absorption. Additional Tier I bonds and Tier 2 bonds issued under Basel III framework are
some instrument which may have above referred special features.

5. Securitized Debt such as Mortgage Backed Securities (“MBS”) or Asset Backed Securities
(“ABS”) is a financial instrument (bond) whose interest and principal payments are backed
by an underlying cash flow from another asset. Asset Securitization is a process whereby
commercial or consumer credits are packaged and sold in the form of financial instruments.
A typical process of asset securitization involves sale of specific receivables to a Special
Purpose Vehicle (SPV) set up in the form of a trust or a company. The SPV in turn issues
financial instruments (promissory notes, participation certificates or other debt instruments)
also referred to as “Securitized Debt” to the investors evidencing the beneficial ownership of
the investors in the receivables. The financial instruments are rated by an independent credit
rating agency.

6. Credit rating agencies assign CE rating to an instrument based on any identifiable credit
enhancement for the debt instrument issued by an issuer. The credit enhancement could be
in various forms and could include guarantee, shortfall undertaking, letter of comfort, etc.
from another entity. This entity could be either related or non-related to the issuer like a
bank, financial institution, etc. Credit enhancement could include additional security in form
of pledge of shares listed on stock exchanges, etc. SO transactions are asset
backed/mortgage backed securities, securitized paper backed by hypothecation of car loan
receivables, securities backed by trade receivables, credit card receivables etc.

7. Pass Through Certificate (PTC) represents beneficial interest in an underlying pool of cash
flows. These cash flows represent dues against single or multiple loans originated by the
sellers of these loans. PTCs may be backed, but not exclusively, by receivables of personal
loans, car loans, two wheeler loans and other assets subject to applicable regulations.

8. Depository Receipts (DRs) are negotiable certificates that represent shares in a foreign
company and are traded in local exchanges of most advanced economies. ADR (American
Depository Receipt) and GDR (Global Depository Receipt) are two depository receipts that
are traded in local markets but represent the equity of a company listed in another country.
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 - 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.
 9. “REIT” or “Real Estate Investment Trust” shall have the meaning assigned in clause (zm) of
sub-regulation 1 of regulation 2 of the Securities and Exchange Board of India (Real Estate
Investment Trusts) Regulations, 2014. REITs are companies that own and lease out
commercial or residential real estate. The rental incomes from the properties are shared
among REIT investors, who are allotted units. These units are tradeable on exchanges.

10. “InvIT” or “Infrastructure Investment Trust” shall have the meaning assigned in clause (za) of
sub-regulation (1) of regulation 2 of the Securities and Exchange Board of India
(Infrastructure Investment Trusts) Regulations, 2014. InvITs are similar to REITs, except these
own infrastructure assets not real estate.

B. What are the investment restrictions?

Pursuant to Regulations, specifically the Seventh schedule and amendments thereto, the following
investment restrictions are currently applicable to the Scheme:

1. Investment in securities from the scheme’s corpus would be only in transferable securities in
accordance with Regulation 43 of Chapter VI of SEBI [Mutual Funds] Regulations, 1996.

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 that the Scheme may engage in short selling of securities in accordance with the
framework relating to short selling and securities lending and borrowing specified by SEBI;

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. The Mutual Fund shall, get the securities purchased or transferred in the name of the mutual fund
on account of the concerned scheme, wherever investments are intended to be of long term
nature.

4. No investment shall be made in any Fund of Funds scheme.

5. The mutual fund shall not advance any loans for any purpose.

6. 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.

7. The Scheme shall not invest more than 10% of its net assets in equity shares or equity related
instruments of any company.

8. 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.

9. Debentures, irrespective of any residual maturity period (above or below one year), shall attract
the investment restrictions as applicable to debt instruments under clause 1 and 1 A of the
Seventh Schedule to the regulations.

10. 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;

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 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.

Provided further that investment within such limit can be made in mortgaged backed securitised
debt which are rated not below investment grade by a credit rating agency registered with SEBI.

11. The Scheme shall not invest in unlisted debt instruments including commercial papers (CPs), other
than (a) government securities, (b) other money market instruments and (c) derivative products
such as Interest Rate Swaps (IRS), Interest Rate Futures (IRF), etc. which are used by mutual funds
for hedging.

However, Scheme may invest in unlisted Non-Convertible Debentures (NCDs) not exceeding 10%
of the debt portfolio of the Scheme subject to the condition that such unlisted NCDs have a simple
structure (i.e. with fixed and uniform coupon, fixed maturity period, without any options, fully
paid up upfront, without any credit enhancements or structured obligations) and are rated and
secured with coupon payment frequency on monthly basis.

For the purpose of investment in debt instruments, listed debt instruments shall include listed and
to be listed debt instruments.

12. All investments by the Scheme in Commercial Papers (CPs) would be made only in CPs which are
listed or to be listed, subject to operationalization of framework for listing of CPs or January 01,
2020, whichever is later.

13. Investment in unrated debt and money market instruments, other than government securities,
treasury bills, derivative products such as Interest Rate Swaps, Interest Rate Futures, etc by the
 Scheme shall be subject to the following:
a. 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 Funds) Regulations, 1996 and various
circulars issued thereunder.
b. Exposure of the Scheme in such instruments, shall not exceed 5% of the net assets of
the Scheme.
c. All such investments shall be made with the prior approval of the Board of AMC and
the Board of Trustees.

14. The investment of the Scheme in the following instruments shall not exceed 10% of the debt
portfolio of the Scheme and the group exposure in such instruments shall not exceed 5% of the
debt portfolio of the Scheme.
a. Unsupported rating of debt instruments (i.e. without factoring-in credit
enhancements) is below investment grade and
b. Supported rating of debt instruments (i.e. after factoring-in credit enhancement) is
above investment grade

However, the above investment restriction shall not be applicable on investments in securitized
debt instruments.

15. The Scheme may invest in any other mutual fund scheme without charging any fees, provided that
aggregate interscheme investment made by all schemes under the AMC or in schemes under the
management of any other AMC shall not exceed 5% of the net asset value of the mutual fund.

16. Transfer of investments from one scheme to another scheme in the same Mutual Fund is
permitted provided:
a) valuations of such transfers are as per clause 9.11 of SEBI Master Circular or as may be
specified by SEBI from time to time, in this regard; and
b) the securities so transferred shall be in conformity with the investment objective of the
Scheme to which such transfer has been made.
c) the same are in line with clause 12.30 of SEBI Master Circular

17. The Scheme shall not make any investment in

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

18. 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 (‘STDs’) 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:
a) “Short Term” for such parking of funds by the Scheme shall be treated as a period not
exceeding 91 days.
b) Such short-term deposits shall be held in the name of the Scheme.
c) 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.
d) 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.
e) 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.
f) 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.
g) 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.

19. The Fund shall not borrow except to meet temporary liquidity needs of the Scheme for the
purpose of repurchase/redemption of Unit or payment of interest and/or Income Distribution cum
capital withdrawal to the Unit holder. The Scheme shall not borrow more than 20% of its net assets
and the duration of the borrowing shall not exceed a period of 6 months.

20. No mutual fund under all its schemes shall own more than 10% of units issued by a single issuer
of REIT and InvIT.

21. For investment in debt instruments with special features, the limits are:
a) Across all schemes of mutual fund, not more than 10% of such instruments issued by single
issuer.
b) A mutual fund scheme shall not invest-
– More than 10% of NAV of debt portfolio of the scheme in such instruments;
– More than 5% of NAV of debt portfolio of the scheme in such instruments issued by single
issuer.

22. A mutual fund scheme shall not invest –

a. more than 10% of its NAV in the units of REIT and InvIT; and
b. more than 5% of its NAV in the units of REIT and InvIT issued by a single issuer.

Provided that the limits mentioned in sub-clauses (i) and (ii) above shall not be applicable for
investments in case of index fund or sector or industry specific scheme pertaining to REIT and
InvIT.

The Scheme will comply with the other Regulations applicable to the investments of Mutual Funds
from time to time.

Apart from the Investment Restrictions prescribed under the Regulations, internal risk parameters for
limiting exposure to a particular scrip may be prescribed from time to time to respond to the dynamic
market conditions and market opportunities.

The AMC/Trustee may alter these investment restrictions from time to time to the extent SEBI
regulations/applicable rules change/permit so as to achieve the investment objective of the scheme.
Such alterations will be made in conformity with SEBI regulations.

The investment restrictions specified shall be applicable at the time of making the investment and it
is clarified that changes need not be effected, merely by reason of appreciation or depreciation in
value. In case the limits are exceeded due to reasons beyond the control of the AMC (such as receipt
of any corporate or capital benefits or amalgamations), the AMC shall adopt necessary measures of
prudence to reset the situation having regard to the interest of the investors.

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

• Listing: Please refer to the section on ‘Part I Highlights/Summary of the Scheme’.
• Redemption: Please refer to the section on ‘Part I Highlights/Summary of the Scheme’.
• Aggregate 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) and Regulation 25(26) 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 - – Not applicable

E. Principles of incentive structure for market makers (for ETFs) - – Not applicable

F. Floors and ceiling within a range of 5% of the intended allocation against each sub class of asset,
as per clause 13.6.2 of SEBI master circular for mutual funds dated May 19, 2023 (only for close
ended debt schemes) – Not applicable

G. Other Scheme Specific Disclosures:

Listing and transfer of units 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.

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 procedure) For NFO allotment and fresh purchase during ongoing sales with
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 RELEVANT, TO
This is an indicative list and PURCHASE OF UNITS OF MUTUAL FUNDS BEING PERMITTED UNDER
investors shall consult their RESPECTIVE CONSTITUTIONS, RELEVANT STATUTORY REGULATIONS
financial advisor to ascertain AND WITH ALL APPLICABLE APPROVALS):
whether the scheme is
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
Small Cap 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 Small Cap Fund A/c Permanent Account Number”
- “Bandhan Small Cap Fund A/c First Investor Name” or
- “Bandhan Small Cap 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.

The policy regarding reissue of The AMC do not facilitates reissue of repurchased units.
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 Subscription facility is available on a continuous basis.
subscriptions/ redemptions/
switches A. Applicable NAV for Subscriptions / Switch-ins (irrespective of
application amount):
This is the time before which 1. In respect of valid applications 3.00 p.m on a Business Day at
your application (complete in the official point(s) of acceptance and funds received upto 3.00
all respects) should reach the PM for the entire amount of subscription/purchase (including
official points of switch ins) as per the application are credited to the bank
acceptance. account of the Scheme before the cut-off time on same day i.e
available for utilization before the cut-off time - the closing NAV
of the day shall be applicable
2. In respect of valid applications received after 3.00 p.m on a
Business Day at the official point(s) of acceptance and funds for
 the entire amount of subscription/purchase (including switch
ins) as per the application are credited to the bank account of
the Scheme either on same day or before the cut-off time of
the next Business Day i.e available for utilization before the cut-
off time of the next Business Day - the closing NAV of the next
Business Day shall be applicable
3. Irrespective of the time of receipt of application at the official
point(s) of acceptance, where funds for the entire amount of
subscription/purchase (including switch-ins) as per the
application are credited to the bank account of the Scheme
before the cut-off time on any subsequent Business Day - i.e
available for utilization before the cut-off time on any
subsequent Business Day - the closing NAV of such subsequent
Business Day shall be applicable.
4. In case of switch transactions from one scheme to another
scheme, units allotment in switch-in scheme shall be in line with
the redemption payouts.

The aforesaid provisions shall also apply to systematic transactions

i.e Systematic Investment Plan (SIP), Systematic Transfer Plan (STP),
Transfer of Income Distribution cum capital withdrawal plan etc.
irrespective of the installment date or Income Distribution cum
capital withdrawal record date.

B. For Repurchase/Redemption/Switch-outs:
In respect of valid applications received upto 3.00 pm by the Mutual
Fund, same day’s closing NAV shall be applicable. In respect of valid
applications received after 3.00 pm by the Mutual Fund, the closing
NAV of the next business day shall be applicable.
Where can the applications for All applications for purchase/redemption of units should be
purchase/redemption switches submitted by investors at the official point of acceptance (OPA) of
be submitted? 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.

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.1,000/- and any amount thereafter
(mention the provisions for
(including
ETFs, as may be applicable, for
switch-in)
direct subscription/
redemption with AMC. Additional Rs.1,000/- and any amount thereafter
Purchases
(including
switch-in)
 Redemption Rs.500/- or the account balance of the investor,
whichever is less.
SIP Rs.100/- and in multiples of Rs.1 thereafter
SWP Rs.200/- and in multiples of Re.1 thereafter.
STP (being Rs.500/- and any amount thereafter (for Fixed
Target amount option) / Rs.500/- and any amount
Scheme) thereafter (for capital appreciation option)
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
redemption / repurchase the unitholders at such rate as may be specified vide clause 14.2 of
proceeds/dividend SEBI 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
Income Distribution cum unclaimed Redemption amount and IDCW amount that are
Capital Withdrawal Amount currently allowed to be 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 by As per clause of 17.6 of SEBI Master Circular and circular dated May
minors 12, 2023, the following Process for 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
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 Nil

of Consolidated Checklist on
Standard Observations

III. Other Details

A. In case of Fund of Funds Scheme, Details of Benchmark, Investment Objective,

Investment Strategy, TER, AUM, Year wise performance, Top 10 Holding/ link to Top 10 holding of
the underlying fund should be provided – Not Applicable

B. 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 (https://bandhanmutual.com/downloads/disclosures) 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
(https://bandhanmutual.com/statutory-disclosures/financials) 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 (https://bandhanmutual.com/statutory-
disclosures/financials) 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.

• Specify timelines of these disclosures and details of where they are disclosed.
(such as “Refer to AMC website, SAI, AMFI website for further details etc. Provide a functional link for
each respective field”)

Risk-o-meter
In accordance with Clause 5.16 of SEBI Master Circular dated May 19, 2023 , Mutual Fundshall
disclose, to the investors in which the unit holders are invested,
(a) risk-o-meter of the scheme and benchmark while disclosing the performance of scheme vis-à-vis
benchmark and
(b) details of the scheme portfolio including the scheme risk-o-meter, name of benchmark and risk-
o-meter of benchmark while communicating the fortnightly, monthly and half-yearly statement of
scheme portfolio via email.
Further, pursuant to clause 17.4.1.h of SEBI Master Circular , any change in risk-o-meter shall be
communicated by way of Notice cum Addendum and by way of an e-mail or SMS to unitholders of
that particular scheme.
Risk-o-meter shall be evaluated on a monthly basis and Mutual Funds/AMCs shall disclose the Risk-
o-meter along with portfolio disclosure for all their schemes on the website of the Mutual Fund
(www.bandhanmutual.com) and that of AMFI (www.amfiindia.com) within 10 days from the close of
each month.
Mutual Funds shall also disclose the risk level of schemes as on March 31 of every year, along with
number of times the risk level has changed over the year, on its website and AMFI website.
Investors may please note that the Risk-o-meter disclosed is basis internal assessment of the scheme
portfolio as on the date of disclosure.

Scheme Summary Document

Pursuant to SEBI advisory dated December 28, 2021, a standalone scheme document called ‘Scheme
Summary Document’ for all the Schemes of Bandhan Mutual Fund has been hosted on its website
(www.bandhanmutual.com) which contains all the details of the Schemes including but not limited to
Scheme features, Fund Manager details, investment details, investment objective, expense ratios,
portfolio details, etc. The Scheme Summary Document is uploaded on the website of the Mutual Fund,
AMFI and stock exchanges in 3 data formats i.e. PDF, Spreadsheet and a machine readable format
(either JSON or XML).

C. Transparency/NAV Disclosure:
NAV will be determined for every Business Day except in special circumstances. NAV will be calculated
upto three 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)

D. 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

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

F. 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
2023 year 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 10% NIL
Capital Gains
Short Term 15%
Capital 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

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

H. List of official points of acceptance:

Refer the Link https://bandhanmutual.com/investor-service/contact-us
I. 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: CAMS SERVICE CENTRE,
shop no 48, Opposite PEER, Bal Bhawan Road, Ground Floor, Ambala City, Haryana • 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,Office No.4-5,First Floor,RTO Relocation Commercial Complex-
B,Opp.Fire Station,Near RTO Circle,Bhuj-Kutch-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: 53,1st Floor ,Shastri Market, Sadar Bazar, Firozabad,
Uttarpradesh-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:
D-78, First Floor,New Durga Bazar,Near Railway Crossing,Himmatnagar,Gujarat 383001 • 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,G-3, Ground Floor, OM Complex,Near Saket Tower, SP Verma
Road,Patna,Bihar,800001 • 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: Door No 4—4-96,First Floor.Vijaya Ganapathi Temple
Back Side,Nanubala Street ,Srikakulam, AndhraPradesh 532001 • 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: CAMS SERVICE CENTER,Dev Corpora,1st
Floor,Office No.102,Cadbury Junction,Eastern Express Way,Thane-400601 • 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

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.
• 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.
• 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

Please note that the Bandhan Branch offices at Gorakhpur, Rajkot, Udaipur, Belgaum, Vizag 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 / Eligible Brokers/Clearing Members/Depository Participants / Distributors will
be considered as the Official Point of Acceptance for the transactions through NSE MFSS and BSE STAR
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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