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After reaching a lifetime high at 22,124, the Nifty experienced a dip and found support at 21,350-21,400, which aligned with the 26-day exponential moving average, thereby establishing this as a crucial support.
In the short term, the index will be considered in a bullish zone if it stays above 19,500. Fresh momentum can be expected above 19,870.
Bandhan Mutual Fund on Saturday announced the launch of the Bandhan Nifty Alpha 50 Index Fund, an open-ended index scheme tracking Nifty Alpha 50 Index, providing investors with an opportunity to invest in a well-diversified portfolio of stocks that generated high alpha (relatively higher returns than the market) over the last one year.
A thematic fund, a banking and PSU fund, an index fund are open for subscription. Should you invest in these NFOs?
Bandhan Mutual Fund announced the launch of Bandhan Nifty Alpha 50 Index Fund. The scheme opened for public subscription on October 25, 2023, and will close on November 06, 2023.