Old Bridge Mutual Fund launches its first NFO ‘Old Bridge Focused Equity Fund’
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Kolkata: Old Bridge Mutual Fund sponsored by Old Bridge Capital Management Private Limited, has forayed into the Indian mutual fund industry with the launch of its maiden equity New Fund Offer (NFO) – ‘Old Bridge Focused Equity Fund,’ (An Open-ended Equity Scheme investing in maximum 30 stocks (Multi Cap), according to a press release.
This open-ended equity scheme aims to provide investors with a unique opportunity to participate in the growth potential of carefully selected companies.
The NFO is open for subscription from January 17, 2024, to January 19, 2024. Investors can participate with a minimum SIP investment of Rs. 2,500 and in multiples of Rs. 1 thereafter. For lump-sum investments, the minimum amount is Rs. 5,000. The scheme will be benchmarked against the S&P BSE 500 TRI.
The Fund’s primary objective is to achieve long-term capital appreciation by strategically investing in a maximum of 30 stocks across different market capitalizations (i.e. Mid cap, Small cap, Large cap).
This multi-cap approach is designed to identify businesses with the potential to compound capital over the long term, focusing on companies with enduring economic moats that has long-term franchise value and continued growth potential.
Kenneth Andrade, CIO of Old Bridge Asset Management Private Limited & Founder Director of Old Bridge Capital Management Private Limited, said. “We are excited to introduce our first equity fund to investors seeking long-term capital appreciation.The fund’s strategy is aligned with our investment philosophy focusing on early-cycle businesses with strong leadership and growth potential.”
Ruchi Pandey, CEO of Old Bridge Asset Management, said, “The launch of Old Bridge Focused Equity Fund aligns with the unprecedented growth in India’s mutual fund industryas highlighted by recent data from the industry trade body AMFI. With over 20 million new investment accounts and a 19% increase in fund assets during the first 11 months of 2023, India surpasses global peers like the US, Japan, and China.”
The fund will be managed by seasoned investment professionals, Kenneth Andrade and Mr. Tarang Agrawal, leveraging their combined experience and expertise to navigate the dynamic market conditions. Ruchi Pandey will lead the fund house as the CEO.
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