Bandhan Mutual Fund has announced the launch of Bandhan Nifty 500 Value 50 Index Fund and Bandhan Nifty 500 Momentum 50 Index Fund. These schemes are an open-ended scheme tracking Nifty 500 value 50 Index and Nifty 500 Momentum 50 Index respectively.

The Nifty 500 Value 50 Index focuses on 50 undervalued companies within the Nifty 500 universe, while the Nifty 500 Momentum 50 Index focuses on 50 stocks based on their strong recent performance trend.

The new fund offers or NFOs of both the schemes will open on October 14 and will close on October 24.

Bandhan Nifty 500 Value 50 Index Fund will be benchmarked against Nifty 500 Value 50 Index whereas Bandhan Nifty 500 Momentum 50 Index Fund will be benchmarked against Nifty 500 Momentum 50 Index.