Mumbai, Aug 6: Bandhan Mutual Fund announced the launch of the Bandhan Contra Fund, an open-ended equity scheme following a contrarian investment strategy. The fund seeks to identify fundamentally strong businesses that may be temporarily out of favour due to sector-wide concerns, cyclical challenges, macroeconomic uncertainties or prevailing market sentiment, with the potential for re-rating as perceptions and fundamentals improve over time. The New Fund Offer opens on Monday, August 10 and closes on Monday, August 24. Investments in Bandhan Contra Fund can be made through licensed mutual fund distributors.
Commenting on the launch, Vishal Kapoor, CEO, Bandhan AMC said,
"The launch of Bandhan Contra Fund comes at a time when valuation spread across sectors has widened considerably, creating opportunities for selective contrarian investing. Several sectors and companies continue to trade below their long-term potential despite possessing sound business models, improving earnings visibility and strengthening balance sheets. Such sectoral divergence can provide fertile ground for investors seeking opportunities beyond the prevailing market consensus. Bandhan Contra Fund is designed to follow a disciplined contrarian framework with a growth bias, seeking to benefit from improving fundamentals, earnings recovery and eventual market re-rating."
Bandhan Contra Fund is designed for investors seeking a differentiated equity strategy that can complement traditional growth and value allocations. The fund may be suitable for investors with a long-term investment horizon and the ability to remain invested through market cycles, participating in opportunities arising from changing fundamentals and market inefficiencies.
