{"id":30099,"date":"2024-07-16T13:43:58","date_gmt":"2024-07-16T08:13:58","guid":{"rendered":"https:\/\/www.fundsindia.com\/blog\/?p=30099"},"modified":"2024-07-16T13:45:16","modified_gmt":"2024-07-16T08:15:16","slug":"change-in-fundamental-attributes-fac-of-certain-schemes-of-bandhan-mutual-fund-formerly-idfc-mutual-fund","status":"publish","type":"post","link":"https:\/\/fundsindia.com\/blog\/bulletin\/change-in-fundamental-attributes-fac-of-certain-schemes-of-bandhan-mutual-fund-formerly-idfc-mutual-fund\/30099","title":{"rendered":"Change in fundamental attributes (FAC) of certain schemes of Bandhan Mutual Fund (formerly IDFC Mutual Fund)"},"content":{"rendered":"\n<p>Please be informed that the Board of Directors of Bandhan Mutual Fund Trustee Limited (formerly IDFC AMC Trustee Company Limited) and Bandhan AMC Limited (formerly IDFC Asset Management Company Limited) have approved changes in the fundamental attributes of Bandhan Equity Savings Fund and Bandhan Regular Saving Fund (\u201cthe Schemes\u201d).<\/p>\n\n\n\n<p>The Securities and Exchange Board of India (SEBI), via its email dated May 30, 2024, has given its \u201cNo Objection\u201d for these changes. Consequently, the relevant sections of the Scheme Information Document (SID) and Key Information Memorandum (KIM) of the Schemes will be modified accordingly, effective from July 12, 2024 (\u201cEffective Date\u201d).<\/p>\n\n\n\n<p>Here are the following proposed scheme features and changes addressed in the various fund schemes. Please read the addendum attached below to find the information in detail.<\/p>\n\n\n\n<h2>1.&nbsp; Bandhan Equity Savings Fund&nbsp;&nbsp;<\/h2>\n\n\n\n<ol><li>Asset Allocation&nbsp;<\/li><li>Investment Strategy&nbsp;<\/li><li>Risk Factors<\/li><li>What are the Investment Restrictions?<\/li><\/ol>\n\n\n\n<h2>2. Bandhan Regular Saving Fund&nbsp;<\/h2>\n\n\n\n<ol><li>Investment Strategy&nbsp;<\/li><li>Risk Factors<\/li><li>What are the Investment Restrictions&nbsp;<\/li><\/ol>\n\n\n\n<p>The proposal involves changes in the Fundamental Attributes of specified schemes as per SEBI regulations. An exit window (&#8220;Exit Option&#8221;) is available for unit holders from June 12, 2024, to July 11, 2024.&nbsp;<\/p>\n\n\n\n<p>During this period, unit holders can switch to other Bandhan Mutual Fund schemes or redeem their investments at applicable NAV without exit load. Changes take effect on July 12, 2024. Requests received after this date will incur exit loads.&nbsp;<\/p>\n\n\n\n<p>Unit holders who don&#8217;t opt for redemption by July 11, 2024, will be deemed to have consented to the changes. Redemption\/switch requests can be submitted at Official Points of Acceptance. Units under pledge\/encumbrance require a release letter before redemption\/switch.<br><br>For more details, read the <a href=\"https:\/\/fundsindia-marketing-assets.s3.ap-south-1.amazonaws.com\/Change+in+fundamental+attributes+(FAC)+of+certain+schemes+of+Bandhan+Mutual+Fund+(formerly+IDFC+Mutual+Fund)-july%2C17%2C24.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">addendum<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Please be informed that the Board of Directors of Bandhan Mutual Fund Trustee Limited (formerly IDFC AMC Trustee Company Limited) and Bandhan AMC Limited (formerly IDFC Asset Management Company Limited) have approved changes in the fundamental attributes of Bandhan Equity Savings Fund and Bandhan Regular Saving Fund (\u201cthe Schemes\u201d). The Securities and Exchange Board of [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[632],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Change in fundamental attributes (FAC) of certain schemes of Bandhan Mutual Fund (formerly IDFC Mutual Fund)<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wealthindia.com\/blog\/bulletin\/change-in-fundamental-attributes-fac-of-certain-schemes-of-bandhan-mutual-fund-formerly-idfc-mutual-fund\/30099\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Change in fundamental attributes (FAC) of certain schemes of Bandhan Mutual Fund (formerly IDFC Mutual Fund)\" \/>\n<meta property=\"og:description\" content=\"Please be informed that the Board of Directors of Bandhan Mutual Fund Trustee Limited (formerly IDFC AMC Trustee Company Limited) and Bandhan AMC Limited (formerly IDFC Asset Management Company Limited) have approved changes in the fundamental attributes of Bandhan Equity Savings Fund and Bandhan Regular Saving Fund (\u201cthe Schemes\u201d). 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