Bandhan Mutual Fund

Bandhan Mutual Fund is one of the biggest mutual fund companies in India, performing well in the country. Despite being relatively new, it has made a significant impact on India's financial sector. The AMC offers 22 Equity funds, 24 Debt funds, and 10 hybrid funds. This AMC holds the 13th position among its peers in terms of rankings. Bandhan Fund house manages a flagship program called THP that targets the hardcore poor. The program offers women free assets equivalent to cash. Since its launch, the flagship plan, BANDHAN ELSS Tax Saver Fund, has demonstrated an exceptional average annualized return of 18.79%.

Mr. Manish Gunwani (Head of Equity)

Mr. Manish Gunwani joined Bandhan AMC in January 2023 and became the head of equities fund management. Mr. Gunwani brings a plethora of experience and an exceptional track record of managing funds and generating value for investors to his new role. His appointment is anticipated to strengthen the fund house's equity brand.

With over 25 years of expertise in fund management and stock analysis, Mr. Gunwani is a seasoned professional. Before this, he was the Chief Investment Officer for Equities at Nippon India Mutual Fund, where he was responsible for managing equities assets of over Rs.1.2 lakh crores.

Established on March 13, 2000, Bandhan Mutual Fund has significantly impacted the financial scene. The Trust Deed establishing the Fund was registered at the office of the Sub-Register of Assurances in Mumbai under the Registration Act, 1908. On March 13, 2000, this AMC received registration with SEBI.

In April 2022, they collaborated with companies such as Bandhan Financial Holdings Limited, GIC of Singapore, and Chryscapital to acquire IDFC Asset Management Company. As a result of this deal, IDFC Mutual Fund will transition into Bandhan MF in March 2023.

These are the ways to select the Best Bandhan Mutual Fund schemes:

• Set achievable financial goals and devise plans to reach them.
• Evaluate the risk tolerance before your financial decisions.
• Diversify investments across various sectors to mitigate risk
• Research your investment options before making a decision
• Regularly monitor and adjust investment portfolio as needed.
• Get expert advice to manage market fluctuations and protect.

To sum up, set achievable goals, assess risk, diversify, educate yourself with the SIP Calculator, monitor investments, and seek professional advice for mutual fund success.

Using mysiponline to invest in Bandhan Mutual Fund is easy:

• Step 1: Begin your investment journey by logging in to MySIPonline
• Step 2: Verify your KYC; if not registered, proceed with Video KYC
• Step 3: Complete your profile with PAN, Aadhar, bank details, nominee, signature.
• Step 4: Explore top funds from respective AMC or consult an expert
• Step 5: Select your preferred fund from the options provided.
• Step 6: Add funds to cart, select the investment option (SIP or lump sum)
• Step 7: Complete your payment using the UPI and the net banking.
• Step 8: Daily track your investments by using dashboard analysis

To sum up, using Online SIP to make investments in Mutual Funds is simple and transparent at every stage.

The taxation of Bandhan mutual funds depends on which category they fall under equity or debt:

Equity-Oriented Mutual Funds

• Short-term Capital Gains (STCG): Taxed at a flat rate of 15% if units are sold within one year of purchase.
• Long-term Capital Gains (LTCG): Gains exceeding Rs. 1 lakh in a financial year are taxed at 10% without indexation if units are sold after one year.

Debt-Oriented Mutual Funds

• Short-term Capital Gains (STCG): Taxed according to the investor's income tax slab rate if units are sold within three years of purchase.
• Long-term Capital Gains (LTCG): Taxed at a rate of 20% with the benefit of indexation if units are sold after three years.