Bandhan Silver ETF FOF

SCHEME INFORMATION DOCUMENT Name of Mutual Fund Bandhan Mutual Fund Name of Asset Management Company Bandhan AMC Limited Addresses of the AMC 6th Floor, One World Centre, Jupiter Mills Compound, 841, Senapati Bapat Marg, Mumbai – 400013 Website of the AMC www.bandhanmutual.com Name of Trustee Company Bandhan Mutual Fund Trustee Limited Address of Trustee Company 6th Floor, One World Centre, Jupiter Mills Compound, 841, Senapati Bapat Marg, Mumbai – 400013 Name of the Scheme Bandhan Silver ETF FOF Type of the Scheme An open-ended fund of fund scheme investing in units of Silver ETF Category of Scheme Silver ETF FOF - Domestic Scheme Code: ------------------ NFO open date: ---------------- NFO close date: ---------------- Scheme Re-opens on: ---------------------- Offer of Units of Rs. 10 each, issued at a premium approximately equal to the difference between face value and Allotment Price during the New Fund Offer and at NAV based prices on an ongoing basis. Investment objective Scheme Riskometer Benchmark Riskometer (as applicable) Bandhan Silver ETF FOF : The investment objective of the Scheme is to seek to generate returns by investing in units of Silver ETF. However, there can be no assurance that the investment Benchmark i.e. Domestic Price of objective of the Scheme will be Physical Silver. realized. *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Investors are advised to refer to the Statement of Additional Information (SAI) for details of the Bandhan Mutual Fund, Standard Risk Factors, Special Considerations, Tax and Legal issues and other general information on www.Bandhanmutual.com The particulars of the Scheme have been prepared in accordance with the Securities and Exchange Board of India (Mutual Funds) Regulations 1996, (herein after referred to as SEBI (MF) Regulations) as amended till date and circulars issued thereunder filed with SEBI. The units being offered for public subscription have not been approved or recommended by SEBI nor has SEBI certified the accuracy or adequacy of the Scheme Information Document. 1The Scheme Information Document sets forth concisely the information about the scheme that a prospective investor ought to know before investing. Before investing, investors should also ascertain about any further changes to this Scheme Information Document after the date of this Document from the Mutual Fund / Investor Service Centres / Website / Distributors or Brokers. SAI is incorporated by reference (is legally a part of the Scheme Information Document). For a free copy of the current SAI, please contact your nearest Investor Service Centre or log on to our website. The Scheme Information Document should be read in conjunction with the SAI and not in isolation. This Scheme Information Document is dated December 01, 2025. 2TABLE OF CONTENTS HIGHLIGHTS/SUMMARY OF THE SCHEME ............................................................................ 4 Asset Allocation. ................................................................................................................................... 6 How to Apply ....................................................................................................................................... 9 COMPUTATION OF NAV .............................................................................................................. 12 Applicable timelines .......................................................................................................................... 15 Definitions........................................................................................................................................... 19 Risk factors ......................................................................................................................................... 19 Index methodology/ Details of underlying fund in case of Fund of Funds ................................... 27 List of official points of acceptance: ................................................................................................. 27 Penalties, Pending Litigation or Proceedings, Findings of Inspections or ................................... 27 Investigations For Which Action May Have Been Taken or Is In The Process Of Being Taken By Any Regulatory Authority .......................................................................................................... 27 Investor services ................................................................................................................................. 27 Product label of the scheme .............................................................................................................. 31 Due Diligence by the Asset Management Company ....................................................................... 33 Investment Strategy ........................................................................................................................... 33 How will the Scheme Benchmark its Performance? ...................................................................... 33 3HIGHLIGHTS/SUMMARY OF THE SCHEME Sr. No. Title Description I. Benchmark (TRI) Domestic Price of Physical Silver Rationale for adoption of benchmark: The investments would be in units of Silver ETF which in turn invest in Physical Silver instruments. Thus, the aforesaid benchmark is such that it is most suited for comparing performance of the Scheme. II. Plans and The Scheme has two Plans - Regular Plan & Direct Plan. Options Each of the Plans offer Growth option only. Plans/Options and sub options under Growth Option: This option is suitable for investors who are not seeking Income the Scheme Distribution cum capital withdrawal. Default Option – Growth Investors subscribing under Direct Plan of a Scheme will have to indicate “Direct Plan” in the application form e.g. “Bandhan Silver ETF FOF - Direct Plan”. Investors should also indicate “Direct” in the ARN column of the application form. Both the plans will have a common portfolio and separate NAVs. The table showing various scenarios for treatment of application under “Direct/Regular” Plan is as follows: Treatment of applications under "Direct" / "Regular" Plans: Scenario Broker Code Plan mentioned Default Plan to mentioned by the by the investor be captured investor 1 Not mentioned Not mentioned Direct Plan 2 Not mentioned Direct Direct Plan 3 Not mentioned Regular Direct Plan 4 Mentioned Direct Direct Plan 5 Direct Not Mentioned Direct Plan 6 Direct Regular Direct Plan 7 Mentioned Regular Regular Plan 8 Mentioned Not Mentioned Regular Plan AMC shall ensure that before accepting any business from any MFD, such a MFD is duly empaneled with the AMC. Transactions received, if any, from / under the ARN of a non-empaneled MFD may be processed under Direct Plan, with prompt intimation to the non-empaneled MFD, and the investor. In cases of wrong/ incomplete ARN codes mentioned on the application form, the application shall be processed under Regular Plan. The AMC shall contact and obtain the correct ARN code within 30 calendar days of the receipt of the 4application form from the investor/ distributor. In case, the correct code is not received within 30 calendar days, the AMC shall reprocess the transaction under Direct Plan from the date of application without any exit load. • Further in case of transactions received from Invalid ARN, the AMC shall follow the guidelines provided in AMFI Best Practise circular dated February 2, 2024 III. Load Structure Exit Load: - 0.25% if redeemed on or before 15 days from the allotment date. - Nil if redeemed after 15 days from the allotment date IV. Minimum • During NFO: Application Lumpsum purchase - Rs. 1000/- and in multiples of Re. 1/- thereafter. Amount/switch in SIP - Rs. 100/- and in multiples of Re. 1 thereafter [Minimum 6 installments]. STP - Rs. 500/- and any amount thereafter. • After NFO/ On continuous basis: Particulars Details Fresh Purchase Rs. 1000/- and in multiples of Re. 1/- (including switches) thereafter SIP Rs. 100/- and in multiples of Re. 1 thereafter [Minimum 6 installments] SWP Rs. 200/- and in multiples of Re. 1/- thereafter STP (in) Rs. 500/- and any amount thereafter V. Minimum • On continuous basis: Additional Purchase Amount Particulars Details Additional Purchases Rs. 1000/- and in multiples of Re. 1/- • (including switches) thereafter VI. Minimum • On continuous basis: Redemption/ switch out amount Particulars Details Repurchase/ Rs. 500/- or the account balance of the investor, Redemption whichever is less. VII. Tracking Error Regular Plan – Not Applicable since the Scheme is FOF Direct Plan – Not Applicable since the Scheme is FOF VIII. Tracking Regular Plan – Not Applicable since the Scheme is FOF Difference Direct Plan – Not Applicable since the Scheme is FOF IX. Computation Of NAV of units under the Scheme shall be calculated as shown below: NAV NAV (Rs.) = Market or Fair + Current Assets - Current Liabilities and Value of Scheme's including Provisions including investments Accrued Income accrued expenses _______________________________________________________ No. of Units outstanding under Scheme Detailed disclosure on weblink – The details are provided after the end of this 5SID, once the scheme is launched the same will be uploaded on the mutual fund website and the link will be provided.) X. Asset Allocation. The asset allocation under the scheme will be as follows: Instruments Indicative Allocation (% of total assets) Minimum Maximum Units of Silver Exchange Traded Fund (ETF) 95% 100% Debt securities, Money Market Instruments and Units of debt/liquid schemes of domestic 0% 5% Mutual Funds A portion of the net assets may be invested in Money Market Instruments permitted by SEBI / RBI to meet the liquidity requirements of the Scheme. The cumulative gross exposure through units of Silver ETF, Debt securities, Money Market Instruments, units of debt/liquid schemes of domestic mutual funds and other permitted securities shall not exceed 100% of the net assets of the Scheme, as per paragraph 12.24 of the SEBI Master Circular dated June 27, 2024. Pursuant to Clause 12.25.3 of SEBI Master Circular and SEBI Letter to AMFI dated November 03, 2021, Cash or cash equivalents with residual maturity of less than 91 days may be treated as not creating any exposure. Cash Equivalent shall consist of the following securities having residual maturity of less than 91 days: a) Government Securities b) T-Bills and c) Repo on Government securities. Money Market instruments includes commercial papers, commercial bills, Tri- party repos, treasury bills, Government securities having residual maturity up to one year, call or notice money, certificate of deposit, usance bills, and any other like instruments as specified by the Reserve Bank of India from time to time. The Scheme may also invest in Debt securities, Money Market Instruments and Units of debt/liquid schemes of domestic Mutual Funds managed by the AMC or in the schemes of any other Mutual Fund not more than 5% of the Net Asset Value of the Mutual Fund, provided it is in conformity with the investment objectives of the Scheme. The Scheme will not invest in the following instruments: a) ADR/ GDR / Foreign Securities b) Securitized Debt c) Credit Enhancements & Structured obligation / Debt Instruments with SO/CE d) Repo in Corporate Debt Securities e) Credit default swaps. f) Instruments having Special Features as defined in Clause 12.2 of SEBI Master Circular dated June 27, 2024. g) Units issued by REITs and InvITs. 6h) Securities Lending or short selling. i) Unrated instruments (except TREPs/ Government Securities/SDL / Repo in Government Securities); j) Derivatives Pending deployment of funds of a Scheme in securities in terms of investment objectives of the Scheme, a mutual fund can invest the funds of the Scheme in short term deposits of scheduled commercial banks terms of Clause 12.16 of SEBI Master Circular dated June 27, 2024. In terms of SEBI Circular dated February 27, 2025, AMC shall deploy the funds garnered in an NFO within 30 business days from the date of allotment of units. In an exceptional case, if the AMC is not able to deploy the funds in 30 business days, reasons in writing, including details of efforts taken to deploy the funds, shall be placed before the Investment Committee of the AMC. The Investment Committee may extend the timeline by 30 business days, while also making recommendations on how to ensure deployment within 30 business days going forward and monitoring the same. The Investment Committee shall examine the root cause for delay in deployment before granting approval for part or full extension. The Investment Committee shall not ordinarily give part or full extension where the assets for any scheme are liquid and readily available. XI. Fund manager Name - Mr. Abhishek Jain details Managing Since: Inception of the Scheme. Total Experience (in years): 13 years XII. Annual Scheme These are the fees and expenses for operating the scheme. These expenses include Recurring Investment Management and Advisory Fee charged by the AMC, Registrar and Expenses Transfer Agents’ fee, marketing and selling costs etc. as given in the table below: As per SEBI (MF) Regulations, 1996, recurring expenses will not exceed the regulatory limit of 1.00% of the Scheme's daily net assets. The total fees and expenses for operating the scheme as listed hereunder would be 1.00% of the daily net assets which includes expenses towards management fees, commission, marketing expense and other expense relating to operating the scheme. Expense Head % p.a. of daily Net Assets* (Estimated p.a.) Investment Management & Advisory Fee Audit fees/fees and expenses of trustees Custodial Fees Registrar & Transfer Agent Fees including cost of providing account statements / IDCW / redemption cheques/ warrants Marketing & Selling Expenses including Agents Commission and statutory advertisement Upto 1.00% Costs related to investor communications Costs of fund transfer from location to location Cost towards investor education & awareness^ 7Brokerage & transaction cost pertaining to distribution of units Goods & Services Tax on expenses other than investment and advisory fees Goods & Services Tax on brokerage and transaction cost Other Expenses (to be specified as per Reg 52 of SEBI MF Regulations) Maximum Total expenses ratio (TER) permissible under Upto 1.00% Regulation 52 (6) (a) (i) ^ Additional expenses under Regulations 52(6A)(c) Upto 0.05% Provided that the total expense ratio to be charged over and above the weighted average of the total expense ratio of the underlying scheme shall not exceed two times the weighted average of the total expense ratio levied by the underlying scheme(s), ^ In terms of SEBI circular dated December 31, 2024, Fund of Funds (FoFs) investing more than 80% of its NAV in the underlying domestic funds shall not be required to allocate funds towards investor education and awareness initiatives. Investors are requested to note that they will be bearing recurring expenses of the fund of funds scheme in addition to the expenses of the underlying schemes in which the Fund of Funds scheme makes investments. # Expenses charged under the said parameters shall be in line with the Regulation 52 of SEBI (MF) Regulations or such other basis as specified by SEBI from time to time. For detailed disclosure, kindly refer SAI. XIII. Transaction Transaction charges: Bandhan AMC Limited has decided to discontinue the charges and payment of transaction charges to distributors of the schemes of Bandhan Mutual stamp duty Fund. Accordingly, from the Effective Date, for transactions/applications received through distributors (i.e. in Regular Plan) no transaction charges will be deducted from the subscription/investment amount given by the investor, and full subscription/investment amount (subject to deduction of statutory charges, if any) will be invested in the scheme(s) of Bandhan Mutual Fund. Stamp Duty: Rate of stamp duty applicable from July 1, 2020 is: 0.005% The collection of stamp duty is subject to the Indian Stamp (Collection of Stamp- duty through Stock Exchanges, Clearing Corporations and Depositories) Rules, 2019. Refer SAI for details. XIV. Information Following information may be provided through weblink. Mention weblink/ available through weblinks in this box for each item – (The details are provided in Annexure 1, once weblink the scheme is launched the Annexure 1 will be uploaded on the mutual fund website and the link will be provided.) • Liquidity/listing details – Refer Annexure 1 8• NAV disclosure - Refer Annexure 1 • Applicable timelines for dispatch of redemption proceeds etc – Refer Annexure 1 • Breakup of Annual Scheme Recurring expenses - Refer Annexure 1 • Definitions - Refer Annexure 1 • Applicable risk factors – Refer Annexure 1 • Detailed disclosures regarding the index, index eligibility criteria, methodology, index service provider, index constituents, impact cost of the constituents/ underlying fund in case of fund of funds - Refer Annexure 1 • List of official points of acceptance - Refer Annexure 1 • Penalties, Pending Litigation or Proceedings, Findings of Inspections or Investigations - Refer Annexure 1 • Investor services - Refer Annexure 1 • Portfolio Disclosure - Refer Annexure 1 • Detailed comparative table of the existing schemes of AMC - Refer Annexure 1 • Scheme performance – This scheme is a new scheme and does not have any performance track record- Refer Annexure 1 • Periodic Disclosures - Refer Annexure 1 • Any disclosure in terms of Consolidated Checklist on Standard Observations - Refer Annexure 1 • Scheme specific disclosures (as per the prescribed format) - Refer Annexure 1 • Scheme Factsheet - Refer Annexure 1 XV. How to Apply Investor can obtain application form / Key Information Memorandum (KIM) from Bandhan AMC branch offices, Investor services centers and RTA’s (CAMS) branch office. Investors can also download application form / Key Information Memorandum (KIM) from our website (www.Bandhanmutual.com). The list of the Investor Service Centres (ISCs)/Official Points of Acceptance (OPAs) of the Mutual Fund will be provided on the website of the AMC. Investors may make payments for subscription to the Units of the Scheme at the bank collection centres by local Cheque/Pay Order/Bank Draft, drawn on any bank branch, which is a member of Bankers Clearing House located in the Official point of acceptance of transactions where the application is lodged or by giving necessary debit mandate to their account or by any other mode permitted by the AMC. Cheques/Pay Orders/Demand Drafts should be drawn as follows: 1. The Cheque/DD/Payorder should be drawn in favour of “Bandhan Silver ETF FOF” as mentioned in the application form/addendum at the time of the launch. Please note that all cheques/DDs/payorders should be crossed as "Account payee". In order to prevent frauds and misuse of payment instruments, the investors are mandated to make the payment instrument (cheque, demand draft, pay order, etc.) favouring either of the following (Investors are urged to follow the order of preference in making the payment instrument favouring as under): - “Bandhan Silver ETF FOF A/c Permanent Account Number” 9- “Bandhan Silver ETF FOF”A/c First Investor Name” or - “Bandhan Silver ETF FOF” A/c Folio number” 2. Centres other than the places where there are Official point of acceptance of transactions as designated by the AMC from time to time, are Outstation Centres. Investors residing at outstation centres should send demand drafts drawn on any bank branch which is a member of Bankers Clearing House payable at any of the places where an Official point of acceptance of transactions is located. Registrar and Transfer Agent (R&T): Computer Age Management Services Limited (CAMS) 9th Floor | Tower II | Rayala Towers # 158 | Anna Salai | Chennai – 600 002 contact number is +91- 44 2843 3303 / +91-44 6102 3303 E-Mail ID: enq_g@camsonline.com Website: www.camsonline.com Please refer to the SAI and Application form for the instructions. Payments by cash, money orders, postal orders, stockinvests and out-station and/or post dated cheques will not be accepted. At present, applications for investing in scheme through cash are not accepted by Bandhan AMC. The AMC, at a later date, may decide to accept investment in cash subject to implementation of adequate systems and controls. Information in this regard will be provided to investors as and when the facility is made available. XVI. Where can Filled up applications can be submitted at the Offices of the CAMS Transaction applications for points and ISC’s as per the details given on the last few pages of this document subscription/rede including the back cover page. mption/ switches The redemption/ repurchase requests can be made on the transaction slip for be submitted redemption available at the Official point of acceptance of transactions or the office of the Registrar or the offices of the AMC on any business day (as per details given in the last few pages and the back cover page of this document). In case the Units are standing in the names of more than one Unitholder, where mode of holding is specified as 'Jointly', redemption requests will have to be signed by all joint holders. However, in cases of holding specified as 'Anyone or Survivor', any one of the Unitholders will have the power to make redemption requests, without it being necessary for all the Unitholders to sign. However, in all cases, the proceeds of the redemption will be paid only to the first-named holder. The Unitholder may either request for mailing of the redemption proceeds to his/her address or the collection of the same from the Official point of acceptance of transactions. MANDATORY QUOTING OF BANK MANDATE BY INVESTORS As per the directives issued by SEBI, it is mandatory for applicants to mention their bank account numbers in their applications and therefore, investors are 10requested to fill-up the appropriate box in the application form failing which applications are liable to be rejected. For detailed disclosure, kindly refer SAI. XVII. Specific attribute of Not Applicable the scheme (such as lock in/ duration in case of target maturity scheme/ close ended schemes etc.) (as applicable) XVIII. Special product/ Systematic Investment Plan, Systematic Transfer Plan, Systematic Withdrawal facility available Plan are not available under this scheme. during the NFO and on ongoing basis XIX. Segregated The Scheme has the provision to segregate a portfolio comprising of debt or money portfolio/side market instrument affected by a credit event. pocketing disclosure Currently, there is no segregated portfolio created in the Scheme For Details, kindly refer SAI XX. Stock lending Not Applicable. *********************************************************************** 11COMPUTATION OF NAV The NAV of the Units of the Scheme will be computed by dividing the net assets of the Scheme by the number of Units outstanding on the valuation date. The Fund shall value its investments according to the valuation norms, as specified in Schedule VIII of the Regulations, or such norms as may be prescribed by SEBI from time to time. All expenses and incomes accrued up to the valuation date shall be considered for computation of NAV. For this purpose, major expenses like management fees and other periodic expenses would be accrued on a day to day basis. The minor expenses and income will be accrued on a periodic basis, provided the non-daily accrual does not affect the NAV calculations by more than 1%. Any changes in securities and in the number of units be recorded in the books not later than the first valuation date following the date of transaction. If this is not possible given the frequency of the Net Asset Value disclosure, the recording may be delayed upto a period of seven days following the date of the transaction, provided that as a result of the non-recording, the Net Asset Value calculations shall not be affected by more than 1%. In case the Net Asset Value of a scheme differs by more than 1%, due to non - recording of the transactions, the investors or scheme/s as the case may be, shall be paid the difference in amount as follows:- (i) If the investors are allotted units at a price higher than Net Asset Value or are given a price lower than Net Asset Value at the time of sale of their units, they shall be paid the difference in amount by the scheme. (i) If the investors are charged lower Net Asset Value at the time of purchase of their units or are given higher Net Asset Value at the time of sale of their units, asset management company shall pay the difference in amount to the scheme. The asset management company may recover the difference from the investors. NAV of units under the Scheme shall be calculated as shown below: NAV (Rs.) = Market or Fair Value of + Current Assets including - Current Liabilities and Provisions Scheme's investments Accrued Income including accrued expenses ______________________________________________________________________ No. of Units outstanding under Scheme on the Valuation date The NAV of the Scheme will be calculated upto four decimal places and will be declared on each business day. The valuation of the Scheme’s assets and calculation of the Scheme’s NAV shall be subject to audit on an annual basis and shall be subject to such regulations as may be prescribed by SEBI from time to time. Illustration: Computation of NAV - Assume that the Market or Fair Value of Scheme’s investments is Rs. 1,00,00,000; Current asset of the scheme is Rs. 25,00,000; Current Liabilities and Provisions is Rs. 15,00,000 and the No. of Units outstanding under the scheme are 5,00,000. Thus, the NAV will be calculated as: Therefore, the NAV of the scheme is Rs. 22.000 Computation of Redemption Price - If the applicable NAV is Rs. 10, exit load is 2% then redemption price will be: 12Rs. 10* (1-0.02) = Rs. 9.80 The Redemption Price will not be lower than 97% of the NAV. Pursuant to clause 10.4.1.a of the SEBI Master circular for Mutual Funds dated June 27, 2024, no entry load will be charged by the Scheme to the investors. For details on policies related to computation of NAV, rounding off, investment in foreign securities, procedure in case of delay in disclosure of NAV, please refer SAI. Unit of Silver ETF The closing price of the units of ETFs on the Stock Exchange/(s) shall be used for valuation of investment in ETFs. In case of ETF’s passively tracking an underlying index of Bombay Stock Exchange (BSE) and listed on the same exchange, the closing price of units on BSE shall be considered for valuation, whereas in case of ETF’s passively tracking an underlying index of National Stock Exchange (NSE) and listed on the same exchange, the closing price of units on NSE shall be considered for valuation. If units are not traded on respective listed stock exchange/(s) on a valuation day, then the latest published NAV per unit will be considered for valuation. 13Annexure 1 Liquidity/ Units of the Scheme may be purchased or redeemed on all Business Days at NAV based prices Listing subject to the prevailing load structure. The units of the Scheme are presently not listed on any stock exchange. Investors having a bank account with Banks whom the Fund has an arrangement from time to time can avail of the facility of direct debit/credit to their account for purchase/sale of their units. The Fund shall dispatch the redemption proceeds within 3 (three) working days from the date of acceptance of duly filled in redemption request at any of the official point of acceptance of transactions. Further, the investor may note that in case of exceptional scenarios as prescribed by AMFI vide its communication no. AMFI/ 35P/ MEM-COR/ 74 / 2022-23 dated January 16, 2023, read with clause 14.2 of SEBI Master Circular dated June 27, 2024 (SEBI Master Circular), the AMC might follow the additional timelines as prescribed. In case the Redemption proceeds are not made within 3 working Days of the date of redemption or repurchase, interest will be paid @15% per annum or such other rate from the 4th day onwards, as may be prescribed by SEBI from time to time. The Scheme is an open ended scheme, sale and repurchase is available on a continuous basis and therefore the Units of the Scheme are presently not proposed to be listed on any stock exchange. However, the Fund may at its sole discretion list the Units under the Scheme on one or more Stock Exchanges at a later date, and thereupon the Fund will make a suitable public announcement to that effect. NAV Disclosure Timings of NAV: disclosure NAV will be determined for every Business Day except in special circumstances. NAV calculated upto four decimal places. NAV of the Scheme shall be made available on the website of AMFI (www. amfiindia.com) and the Mutual Fund (www.bandhanmutual.com) by 10.00 a.m. on next business day. The NAV shall also be available on the call free number 1-800-300-66688 and on the website of the Registrar CAMS (www.camsonline.com). In case the NAV is not uploaded by 10 am it shall be explained in writing to AMFI for non adherence of time limit for uploading NAV on AMFI’s website. If the NAVs are not available before the commencement of business hours on the following day due to any reason, the Mutual Fund shall issue a press release giving reasons and explaining when the Mutual Fund would be able to publish the NAV. Further details mentioned in Section II – ‘III. Other Details’ – ‘B. Transparency/NAV’ Methodology for calculation of NAV: NAV of units under the Scheme shall be calculated as shown below: NAV (Rs.) = Market or Fair Value of + Current Assets including - Current Liabilities and Provisions Scheme's investments Accrued Income including accrued expenses ______________________________________________________________________ No. of Units outstanding under Scheme on the Valuation date 14The NAV of the Scheme will be calculated upto four decimal places and will be declared on each business day. The valuation of the Scheme’s assets and calculation of the Scheme’s NAV shall be subject to audit on an annual basis and shall be subject to such regulations as may be prescribed by SEBI from time to time. Illustration: Computation of NAV - Assume that the Market or Fair Value of Scheme’s investments is Rs. 1,00,00,000; Current asset of the scheme is Rs. 25,00,000; Current Liabilities and Provisions is Rs. 15,00,000 and the No. of Units outstanding under the scheme are 5,00,000. Thus, the NAV will be calculated as: Therefore, the NAV of the scheme is Rs. 22.000 Computation of Redemption Price - If the applicable NAV is Rs. 10, exit load is 2% then redemption price will be: Rs. 10* (1-0.02) = Rs. 9.80 The Redemption Price will not be lower than 97% of the NAV. Applicable Timeline for Dispatch of redemption proceeds: timelines The Fund shall dispatch the redemption proceeds within 3 (three) working days from the date of acceptance of duly filled in redemption request at any of the official point of acceptance of transactions. Further, the investor may note that in case of exceptional scenarios as prescribed by AMFI vide its communication no. AMFI/ 35P/ MEM-COR/ 74 / 2022-23 dated January 16, 2023, read with clause 14.2 of SEBI Master Circular dated June 27, 2024 (“SEBI Master Circular”), the AMC might follow the additional timelines as prescribed. In case the Redemption proceeds are not made within 3 working Days of the date of redemption or repurchase, interest will be paid @15% per annum or such other rate from the 4th day onwards, as may be prescribed by SEBI from time to time. Refer SAI for details on exceptional scenarios. Timeline for Dispatch of dividend proceeds: Not Applicable Breakup of These are the fees and expenses for operating the scheme. These expenses include Investment Annual Management and Advisory Fee charged by the AMC, Registrar and Transfer Agents’ fee, Scheme marketing and selling costs etc. as given in the table below: Recurring expenses As per SEBI (MF) Regulations, 1996, recurring expenses will not exceed the regulatory limit of 1.00% of the Scheme's daily net assets. The total fees and expenses for operating the scheme as listed hereunder would be 1.00% of the daily net assets which includes expenses towards management fees, commission, marketing expense and other expense relating to operating the scheme. 15Expense Head % p.a. of daily Net Assets* (Estimated p.a.) Investment Management & Advisory Fee Audit fees/fees and expenses of trustees Custodial Fees Registrar & Transfer Agent Fees including cost of providing account statements / IDCW / redemption cheques/ warrants Marketing & Selling Expenses including Agents Commission and statutory advertisement Costs related to investor communications Upto 1.00% Costs of fund transfer from location to location Cost towards investor education & awareness^ Brokerage & transaction cost pertaining to distribution of units Goods & Services Tax on expenses other than investment and advisory fees Goods & Services Tax on brokerage and transaction cost Other Expenses (to be specified as per Reg 52 of SEBI MF Regulations) Maximum Total expenses ratio (TER) permissible under Regulation 52 (6) Upto 1.00% (a) (i) ^ Additional expenses under Regulations 52(6A)(c) Upto 0.05% Provided that the total expense ratio to be charged over and above the weighted average of the total expense ratio of the underlying scheme shall not exceed two times the weighted average of the total expense ratio levied by the underlying scheme(s). ^ In terms of SEBI circular dated December 31, 2024, Fund of Funds (FoFs) investing more than 80% of its NAV in the underlying domestic funds shall not be required to set aside funds of the daily net assets towards investor education and awareness initiatives. Investors are requested to note that they will be bearing recurring expenses of the fund of funds scheme in addition to the expenses of the underlying schemes in which the Fund of Funds scheme makes investments. As per SEBI (MF) Regulations, 1996, the total expenses of the scheme including weighted average of total expense ratio levied by the underlying schemes shall not exceed 1.00 per cent of the daily net assets of the scheme. Provided that the total expense ratio to be charged over and above the weighted average of the total expense ratio of underlying schemes shall not exceed two times the weighted average of the total expense ratio levied by the underlying scheme(s), subject to the overall ceiling of 1.00 per cent. In addition to the recurring expense mentioned above, additional expenses of 0.05% of daily net assets of the scheme shall be chargeable. However, such additional expenses shall not be charged in case of schemes where exit load is not levied / not applicable. @ Brokerage and transaction costs (inclusive of GST) which are incurred for the purpose of execution of trades, shall be charged to the scheme as per Regulation 52(6A)(a) of SEBI (Mutual Funds) Regulations, 1996 not exceeding 0.12 per cent in case of cash market transactions and 0.05 per cent in case of derivatives transactions. With effect from April 1, 2023, to align with Indian Accounting Standards requirement, transactions cost incurred for the purpose of execution of trades are expensed 16out (viz. charged to Revenue Account instead of Capitalization (i.e. forming part of cost of investment)). Any payment towards brokerage and transaction cost, over and above the said 0.12 percent and 0.05 percent for cash market transactions and derivatives transactions respectively may be charged to the scheme within the maximum limit of Total Expense Ratio (TER) as prescribed under regulation 52 of the SEBI (Mutual Funds) Regulations, 1996. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission, etc and no commission for distribution of Units will be paid / charged under Direct Plan. All fees and expenses charged in a direct plan (in percentage terms) under various heads including the nvestment and advisory fee shall not exceed the fees and expenses charged under such heads in a regular plan. The AMC shall adhere provisions of Chapter 10 of SEBI Master Circular dated June 27, 2024 and various guidelines specified by SEBI as amended from time to time, with reference to charging of fees and expenses. Accordingly: a. a. All scheme related expenses including commission paid to distributors, shall be paid from the Scheme only within the regulatory limits and not from the books of the AMC, its associates, sponsor, trustee or any other entity through any route. Provided that, such expenses that are not specifically covered in terms of Regulation 52 (4) can be paid out of AMC books at actual or not exceeding 2 bps of the Scheme AUM, whichever is lower. b. The Fund / the AMC shall adopt full trail model of commission in the Scheme, without payment of any upfront commission or upfronting of any trail commission, directly or indirectly, in cash or kind, through sponsorships, or any other route. c. All fees and expenses charged in a Direct Plan (in percentage terms) under various heads including the investment and advisory fee shall not exceed the fees and expenses charged under such heads in Regular Plan. No pass back, either directly or indirectly, shall be given by the Fund / the AMC / Distributors to the investors. Illustration on impact of TER on returns of Direct Plan and Regular Plan Particulars Regular Plan Direct Plan Amount invested at the beginning of the year (Rs,) 10,000 10,000 Returns before Expenses (Rs.) 1,500 1,500 Expenses other than Distribution Expenses (Rs.) 150 150 Distribution Expenses (Rs.) 50 - Returns after Expenses at the end of the year (Rs.) 1,300 1,350 Returns 13.00% 13.50% Disclosure on Goods and Service Tax: Goods and Service Tax on investment management and advisory fees shall be in addition to the above expense. Further, with respect to Goods and Service Tax on other than management and advisory fees: - Goods and Service Tax on other than investment and advisory fees, if any, shall be borne by the scheme within the maximum limit of TER as per regulation 52 of the Regulations. - Goods and Service Tax on exit load, if any, shall be paid out of the exit load proceeds and exit load net of Goods and Service Tax, if any, shall be credited to the scheme. 17- Goods and Service Tax on brokerage and transaction cost paid for asset purchases, if any, shall be within the limit prescribed under regulation 52 of the Regulations. For the actual current expenses being charged to the Scheme, the investor should refer to the website of the mutual fund at www.bandhanmutual.com (Home>Total Expense Ratio of Mutual Fund Schemes). Any change proposed to the current expense ratio will be updated on the website at least three working days prior to the change. As per the Regulations, the total recurring expenses that can be charged to the Scheme in this Scheme information document shall be subject to the applicable guidelines. The total recurring expenses of the Scheme, will however be limited to the ceilings as prescribed under Regulation 52(6) of the Regulations. Link for last 6 months TER and Daily TER: https://bandhanmutual.com/statutory-disclosures/total-expense-ratio Link for scheme factsheet: https://bandhanmutual.com/downloads/factsheets 18Definitions Refer the following link for Definitions/interpretations https://bandhanmutual.com/downloads/sid Risk Scheme Specific Risk: factors The Scheme is subject to the specific risks that may adversely affect the Scheme’s NAV, return and / or ability to meet its investment objective. The specific risk factors related to the Scheme include, but are not limited to the following: Risk factors associated with investing in Silver and Silver related instruments • The Scheme’s performance may depend upon the performance of the underlying scheme. Any change in the investment policies or the fundamental attributes of the underlying scheme could affect the performance of the Scheme. • The liquidity of the Scheme’s investment may be restricted by trading volumes, transfer process and settlement periods. It may also be affected by the liquidity of the underlying ETF units. The liquidity for the Silver ETF units on the stock exchanges may be low and there might be an impact cost for liquidating the units on the exchanges. However, Authorised Participants are appointed for the underlying ETF to ensure that the market price of units is nearer to the NAV of the underlying Silver ETF units. • The closing price of the units of the underlying ETF on stock exchange shall be used for valuation by the Scheme. In case the underlying ETF is not traded on any particular business day, then the NAV of the Scheme shall be derived based on NAV of the underlying ETF in accordance with the Valuation Policy. Any delay in declaration of NAV of the underlying fund may result in delay of the computation of the NAV of the Scheme. • The Scheme will subscribe/redeem directly with Fund according to the value equivalent to unit creation size as applicable for the underlying scheme subject to minimum execution value greater than Rs.25 crore or crores or such other amount as may be specified by SEBI from time to time. When Subscriptions/Redemptions received are not adequate enough for transaction directly with Fund, the Scheme will buy/sell units of the underlying scheme directly on the stock exchange without waiting for additional Subscription/Redemption. Risks associated with Silver/commodity Global silver supplies and demand, which is influenced by factors such as forward selling by silver producers, purchases made by silver producers to unwind silver hedge positions. Productions and cost levels in major silver producing countries can also impact silver prices. Further, Central bank purchases and sales also impact the price of silver. The prices of Silver are also affected: - Macro-economic factors – Expected rate of inflation versus actual may impact the price of silver. Global or regional political, economic or financial events and situations of countries, changes in interest rates and perceived trends in bullion prices, exchange rates, inflation trends, market movements, etc. can also impact price and demand / supply Mining & Production – Lower production could have a positive effect on silver prices. Conversely excessive production capacities would lead to a downward movement in silver prices as the supply goes up. Currency exchange rates- A weakening dollar may act in favour of silver prices and vice versa. Seasonal demand: Demand for Silver in India is linked to the production of jewellery which tends to increase ahead of festive seasons. Any factor impacting the seasonal demand will impact the prices of Silver. 19Market Liquidity: There can be no assurance that the requirements of the market necessary to maintain the listing of Silver ETF will continue to be met or will remain unchanged. Silver ETF may suffer liquidity risk from domestic as well as international market Demand-Supply mismatch – To the extent that demand for Silver exceeds the available supply at that time, Authorized Participants may not be able to readily acquire sufficient amounts of Silver necessary for the creation of a Basket. Market speculation in Silver could result in increased requests for the issuances. It is possible that Authorized Participants may be unable to acquire sufficient Silver that is acceptable for delivery for the issuance of new Baskets due to a limited then-available supply coupled with a surge in demand for the ETF units. In such circumstances, the AMC may suspend or restrict the issuance of Baskets. Such occurrence may lead to further volatility in the price and deviations, which may be significant, in the market price of the ETF units relative to the NAV Market volatility –The Silver market in general has experienced extreme price and volume fluctuations that have often been unrelated or disproportionate to factors such as silver’s use in jewelry, technology and industrial application, or cost and production levels in major silver producing countries. Risk associated with underlying fund • The NAV of the Units relates directly to the value of the silver held by the Scheme minus the expenses incurred in managing of the scheme including but not limited to management fees, Operational expenses, cost incurred to buy and sell, taxes, other charges, tracking error, tracking difference (Positive or negative) and fluctuations in the price of could adversely affect investment value of the Units. The factors that may affect the price of silver, inter-alia, include economic and political developments, changes in interest rates and perceived trends in bullion prices, exchange rates, inflation trends, market movements, etc. • Actual or perceived disruptions in the processes used to determine the LBMA Silver Price, or lack of confidence in that benchmark, may adversely affect the return on your investment in the scheme (if any). • Future governmental decisions may have significant impact on the price of silver, which may result in a significant decrease or increase in the value of the net assets and the net asset value. Because the ETF holds only silver, an investment in the ETF may be more volatile than an investment in a more broadly diversified portfolio. • To the extent that demand for silver exceeds the available supply at that time, Market Makers may not be able to readily acquire sufficient amounts of silver necessary for the creation of a Basket. Market speculation in silver could result in increased requests for the issuances. It is possible that Market Makers may be unable to acquire sufficient silver that is acceptable for delivery for the issuance of new Baskets due to a limited then-available supply coupled with a surge in demand for the ETF units. In such circumstances, the AMC may suspend or restrict the issuance of Baskets. Such occurrence may lead to further volatility in Share price and deviations, which may be significant, in the market price of the ETF units relative to the NAV. The silver market in general has experienced extreme price and volume fluctuations that have often been unrelated or disproportionate to factors such as silver's uses in jewelry, technology, and industrial applications, or cost and production levels in major silver-producing countries such as China, Mexico and Peru. In particular, supply chain disruptions resulting from the COVID-19 outbreak and investor speculation have significantly contributed to recent price and volume fluctuations. 20• The formula for determining NAV of the Units is based on the imported (landed) value of silver. • The NAV of the units is closely related to the value of Silver held by the scheme. The value (price) of Silver may fluctuate for several reasons and all such fluctuations will result in changes in the NAV of units under the scheme. The factors that may effect the price of Silver, among other things, include demand and supply for Silver in India and in the global market, Indian and • Foreign exchange rates, interest rates, inflation trends, trading in Silver as commodity, legal restrictions on the movement / trade of Silver that may be imposed by RBI, Government of India or countries that supply or purchase Silver to/from India, trends and restrictions on import/export of Silver jewellery in and out of India, etc. • Counter party Risk: There is no Exchange for physical Silver in India. The Fund may have to buy or sell Silver from the open market, which may lead to counter party risks for the Fund for trading and settlement. • Liquidity Risk: The scheme has to sell Silver only to designated bankers / traders who are authorized to buy Silver. Though, there are adequate numbers of players to whom the scheme can sell Silver, the scheme may have to resort to distress sale of Silver if there is no or low demand for Silver to meet its cash needs of redemption or expenses. Liquidity risks may arise due to issues related to the supply chain which affects the availability of Silver and also due to seasonality of demand and supply and/or volatile prices. • Indirect Taxation - For the valuation of Silver by the scheme, indirect taxes like customs duty etc. would also be considered. Hence, any change in the rates of indirect taxation / applicable taxes would affect the valuation of the scheme. • Currency Risk: The formula for determining NAV of the units is based on the imported (landed) value of Silver. The landed value of Silver is computed by multiplying international market price by US dollar value. The value of Silver or NAV, therefore will depend upon the conversion value of US dollar into Indian rupee and attracts all the risks attached to such conversion. • Regulatory Risk: Any changes in trading regulations by the stock exchange (s) or SEBI may affect the ability of Market Makers to arbitrage resulting into wider premium/ discount to NAV. Any changes in the regulations relating to import and export of Silver or Silver jewellery (including customs duty, GST and any such other statutory levies) may affect the ability of the scheme to buy/sell Silver against the purchase and redemption requests received. • To the extent that demand for Silver exceeds the available supply at that time, Authorized Participants may not be able to readily acquire sufficient amounts of Silver necessary for the creation of a Basket. Market speculation in Silver could result in increased requests for the issuances. It is possible that Authorized Participants may be unable to acquire sufficient Silver that is acceptable for delivery for the issuance of new Baskets due to a limited then-available supply coupled with a surge in demand for the ETF units. In such circumstances, the AMC may suspend or restrict the issuance of Baskets. Such occurrence may lead to further volatility in the price and deviations, which may be significant, in the market price of the ETF units relative to the NAV. Risk associated with Tracking Error and Tracking Difference: The Fund Manager would not be able to invest the entire corpus in physical gold due to certain factors such as the fees and expenses of the Scheme, corporate actions, cash balance, changes to the underlying index and regulatory restrictions, which may result in Tracking Error with the underlying index. The Scheme’s returns may therefore deviate from those of the underlying index. “Tracking Error” is defined as the standard deviation of the difference between daily returns of the underlying index and the NAV of the Scheme. Tracking Difference” is the annualized difference of daily returns between the goods and the NAV of the scheme (difference between fund return and the goods return). Tracking Error and Tracking difference may arise including but not limited to the following reasons: • Expenditure incurred by the Fund. • Available funds may not be invested at all times as the Scheme may keep a portion of the funds 21in cash to meet Redemptions, for corporate actions or otherwise. • Securities trading may halt temporarily due to circuit filters. • Corporate actions such as debenture or warrant conversion, rights issuances, mergers, change in constituents etc. • Rounding-off of the quantity of shares in the underlying index. • Dividend payout. • Index providers undertake a periodical review of the scrips that comprise the underlying index and may either drop or include new scrips. In such an event, the Fund will try to reallocate its portfolio but the available investment/reinvestment opportunity may not permit absolute mirroring immediately. SEBI Regulations (if any) may impose restrictions on the investment and/or divestment activities of the Scheme Such restrictions are typically outside the control of the AMC and may cause or exacerbate the Tracking Error. It will be the endeavor of the fund manager to keep the tracking error as low as possible. However, in case of events like, dividend received from underlying securities, rights issue from underlying securities, and market volatility during rebalancing of the portfolio following the rebalancing of the underlying index, etc. or in abnormal market circumstances may result in tracking error. There can be no assurance or guarantee that the Scheme will achieve any particular level of tracking error relative to performance of the Index. 22Risks associated with segregated portfolio: 1. Liquidity risk – A segregated portfolio is created when a credit event / default occurs at an issuer level in the scheme. This may reduce the liquidity of the security issued by the said issuer, as demand for this security may reduce. This is also further accentuated by the lack of secondary market liquidity for corporate papers in India. As per SEBI norms, the scheme is to be closed for redemption and subscriptions until the segregated portfolio is created, running the risk of investors being unable to redeem their investments. However, it may be noted that, the proposed segregated portfolio is required to be formed within one day from the occurrence of the credit event. 2. Investors may note that no redemption and subscription shall be allowed in the segregated portfolio. However, in order to facilitate exit to unit holders in segregated portfolio, AMC shall list the units of the segregated portfolio on a recognized stock exchange within 10 working days of creation of segregated portfolio and also enable transfer of such units on receipt of transfer requests. For the units listed on the exchange, it is possible that the market price at which the units are traded may be at a discount to the NAV of such Units. There is no assurance that an active secondary market will develop for units of segregated portfolio listed on the stock exchange. This could limit the ability of the investors to resell them. 3. 4. Valuation risk - The valuation of the securities in the segregated portfolio is required to be carried out in line with the applicable SEBI guidelines. However, it may be difficult to ascertain the fair value of the securities due to absence of an active secondary market and difficulty to price in qualitative factors. 5. 6. Risks Associated with Debt & Money Market Instruments 7. • Price-Risk or Interest-Rate Risk: Fixed income securities such as bonds, debentures and money market instruments run price-risk or interest-rate risk. Generally, when interest rates rise, prices of existing fixed income securities fall and when interest rates drop, such prices increase. The extent of fall or rise in the prices is a function of the existing coupon, days to maturity and the increase or decrease in the level of interest rates. • Credit Risk: In simple terms this risk means that the issuer of a debenture/ bond or a money market instrument may default on interest payment or even in paying back the principal amount on maturity. Even where no default occurs, the price of a security may go down because the credit rating of an issuer goes down. It must, however, be noted that where the Scheme has invested in Government securities, there is no credit risk to that extent. • Liquidity or Marketability Risk: This refers to the ease with which a security can be sold at or near to its valuation yield-to-maturity (YTM). The primary measure of liquidity risk is the spread between the bid price and the offer price quoted by a dealer. Liquidity risk is today characteristic of the Indian fixed income market. • Reinvestment Risk: Investments in fixed income securities may carry reinvestment risk as interest rates prevailing on the interest or maturity due dates may differ from the original coupon of the bond. Consequently, the proceeds may get invested at a lower rate. • Pre-payment Risk: Certain fixed income securities give an issuer the right to call back its securities before their maturity date, in periods of declining interest rates. The possibility of such prepayment may force the fund to reinvest the proceeds of such investments in securities offering lower yields, resulting in lower interest income for the fund. • Spread Risk: In a floating rate security the coupon is expressed in terms of a spread or mark up over the benchmark rate. In the life of the security this spread may move adversely leading to loss in value of the portfolio. The yield of the underlying benchmark might not change, but the spread of the 23security over the underlying benchmark might increase leading to loss in value of the security. • Concentration Risk: The Scheme portfolio may have higher exposure to a single sector, subject to maximum of 20% of net assets, depending upon availability of issuances in the market at the time of investment, resulting in higher concentration risk. Any change in government policy / businesses environment relevant to the sector may have an adverse impact on the portfolio. • Different types of securities in which the scheme would invest as given in the SID carry different levels and types of risk. Accordingly the scheme’s risk may increase or decrease depending upon its investment pattern. E.g. corporate bonds carry a higher amount of risk than Government securities. Further even among corporate bonds, bonds, which are AA rated, are comparatively more risky than bonds, which are AAA rated. Risk associated with investment in units of mutual funds: • The Scheme may invest in other scheme(s) managed by the AMC or in schemes of other mutual funds, provided such investments are in conformity with the investment objectives of the Scheme and in accordance with terms of the prevailing SEBI Regulations. Such investments in other schemes may provide the Scheme access to a specialised investment area or economic sector which can be more effectively accessed by investing in the underlying scheme(s). The Fund Manager will only make such investments if it determines in its discretion that to do so is consistent with the interests of the Unit holders of the Scheme. • The Scheme may invest in schemes operated by third parties. Considering third parties are not subject to the oversight or control of the AMC, the Fund Manager may not have the opportunity to verify the compliance of such schemes with the laws and regulations applicable to them. • It is possible that a number of underlying scheme(s) might take substantial positions in the same security at the same time. This inadvertent concentration may interfere with the Scheme’s goal of diversification. The AMC would attempt to alleviate any potential inadvertent concentration as part of its regular monitoring and reallocation process. Conversely the AMC may at any given time, hold opposite positions, such position being taken by different underlying scheme(s). Each such position shall result in transaction fees for the Scheme without necessarily resulting in either a loss or a gain. Moreover, the AMC may proceed to a reallocation of assets between the underlying scheme(s) and liquidate investments made in one or several of them. • Further, many of the underlying scheme(s) in which the Scheme may invest could use special investment techniques or concentrate its investments in only one geographic area or asset investment category, which may subject the Scheme’s investments to risks different from those posed by investments in equity or fixed income scheme(s) or risks of the market and of rapid changes to the relevant geographic area or investment category. • When the Scheme invests in other schemes, the Unit holders in the Scheme will also incur fees and expenses (such as, but not limited to, management fees, custody fees, registrar fees, audit fees, etc.) at the level of the underlying scheme in accordance with the offering documents of the relevant scheme(s) and the limits prescribed under the SEBI Regulations. • No assurance can be given that the strategies employed by other schemes in the past to achieve attractive returns will continue to be successful or that the return on the Scheme’s investments will be similar to that achieved by the Scheme or other schemes in the past. Risk Mitigation Strategies: The AMC incorporates necessary framework in place for risk mitigation at an enterprise level, and 24scheme level in accordance with the Risk Management Framework prescribed by the SEBI. The Risk Management division of the AMC is an independent division within the organisation. Internal risk thresholds are defined and judiciously monitored. Risk indicators on various parameters are computed and are monitored on a regular basis. The Risk Management Committee of the Board enables a dedicated focus on risk factors and the relevant risk mitigants from time to time. In addition, to minimise the major risks, the following measures are taken: Risk & Description Risk mitigants / management strategy Risk factors Price risk: Fluctuations in the price of Silver. associated with investing in Silver Price risk is inherent to a Silver scheme. Being a passively managed and Silver related scheme, it will invest in the underlying scheme. instruments Liquidity risk: Inability to buy/ sell appropriate quantities of Silver. For small amounts of inflows/outflows which are less than the creation size of underlying Silver ETF, the FOF scheme will buy/sell underlying Silver ETF units directly on the stock exchange without waiting for additional subscription redemption to minimize tracking error. Further, the underlying scheme may retain certain investments in cash or cash equivalents for its day-to-day liquidity requirements. The underlying scheme has to sell Silver only to bullion bankers / traders who are authorized to buy Silver. Though, there are adequate numbers of players (commercial or bullion bankers) to whom the underlying scheme can sell Silver, the underlying scheme may have to resort to distress sale of Silver if there is no or low demand for Silver to meet its cash needs of redemption or expenses. The Trustee, in general interest of the Unit holders of the underlying scheme offered under its Scheme Information Document and keeping in view of the unforeseen circumstances / unusual market conditions, may limit the total number of Units, which can be redeemed on any Business Day. Event risk/Custody Risk: Risk of loss, damage, the, impurity etc. of Silver. There is a risk that part or all of the physical Silver belonging to the Scheme could be lost, damaged or stolen. In order to ensure safety, the said Silver will be stored with a custodian in its vaults. Silver held by custodians is also insured. The custodian will insure/cover all such risks. Risk associated with The Mutual Fund Schemes are highly regulated by SEBI and they have to underlying fund ensure compliance with the applicable regulatory requirements thereby mitigating the risk. Further, the Mutual Fund portfolios are generally well diversified and typically endeavor to provide liquidly on a T+1/T+2 basis and aim to mitigate any risks arising out of underlying investments. Event risk/Custody There is a risk that part or all of the physical Silver belonging to the Risk: Risk of loss, underlying scheme could be lost, damaged or stolen. In order to ensure damage, theft, safety, the said Silver is stored by the underlying scheme with custodian impurity etc. of in its vaults. Silver held by custodian is also insured. The custodian will Silver insure/cover all such risks. Debt and Money • Credit Risk: Management analysis will be used for identifying Market company specific risks. Management’s past track record will also be instruments studied. In order to assess financial risk a detailed assessment of the 25issuer’s financial statements will be undertaken. • Price-Risk or Interest-Rate Risk: The Scheme may primarily invest the debt portion of the portfolio in short term debt & money market instruments, units of Liquid and Overnight schemes thereby mitigating the price volatility due to interest rate changes generally associated with long-term securities. • Risk of Rating Migration: The Scheme may primarily invest the debt portion of the portfolio in shortterm debt & money market instruments, units of Liquid and Overnight schemes thereby mitigating the risk of rating migration generally associated with long-term securities. • Basis Risk: The debt allocation of the scheme is primarily as a cash management strategy and such strategy returns are expected to reflect the very short term interest rate hence investment is made in short term debt and money market instruments. • Spread Risk: The Scheme may primarily invest the debt portion of the portfolio in short-term debt & money market instruments, units of Liquid and Overnight schemes thereby mitigating the risk of spread expansion which is generally associated with long-term securities. • Reinvestment Risk: The debt allocation of scheme is primarily as a cash management strategy and such strategy returns are expected to reflect the very short term interest rate hence investment is done in short term debt and money market instruments. Reinvestment risks will be limited to the extent of debt instruments, which will be a very small portion of the overall portfolio value. • Liquidity Risk: The Scheme may, however, endeavor to minimize liquidity risk by primarily investing the debt portion of the portfolio in relatively liquid short-term debt & money market instruments, units of Liquid and Overnight schemes. Units of mutual The Mutual Fund Schemes are highly regulated by SEBI and they have to fund schemes ensure compliance with the applicable regulatory requirements thereby mitigating the risk. Further, the Mutual Fund portfolios are generally well diversified and typically endeavor to provide liquidly on a T+1/T+2 basis and aim to mitigate any risks arising out of underlying investments. Risk associated Over a short period, the Scheme may carry the risk of variance between with Tracking portfolio composition and Benchmark. The objective of the Scheme is to Error and closely track the performance of physical gold prices over the same Tracking period, subject to tracking error. The Scheme would endeavor to maintain Difference a low tracking error and tracking difference by actively aligning the portfolio in line with the Index. Risks associated The Scheme will endeavor to realize the segregated holding in the best with segregated interest of the investor at the earliest. portfolio 26Index Disclosures regarding the index, index eligibility criteria, methodology, index service provider, methodology index constituents, impact cost of the constituents - Not Applicable / Details of underlying In case of Fund of Funds Scheme, Details of Benchmark, Investment Objective, Investment Strategy, fund in case TER, AUM, Year wise performance, Top 10 Holding/ link to Top 10 holding of the underlying of Fund of fund should be provided - Not Applicable as this is a new scheme. Funds List of official Details to be uploaded and updated on a functional website link - points of https://bandhanmutual.com/investor-service/contact-us acceptance: Penalties, The investor can refer the below link for any information on the above point on a real time basis - Pending https://bandhanmutual.com/downloads/sid Litigation or Proceedings , Findings of Inspections or Investigatio ns For Which Action May Have Been Taken or Is In The Process Of Being Taken By Any Regulatory Authority Investor Details of related information/procedure/investor points services Contact details for general service request and for compliant resolution: E-Mail: Investormf@bandhanamc.com Toll-Free: 1-800-266 66 88/ 1-800-300 666 88 Details of Investor Relation Officer Name: Ms. Neeta Singh Address and Contact Number: Bandhan AMC Limited, 6th Floor, One World Centre, 841, Senapati Bapat Marg, Prabhadevi, Mumbai – 400013 Contact number: 022 66289999 E-Mail: neeta.singh@bandhanamc.com Portfolio Monthly and Half Yearly Portfolio Disclosures: The Mutual Fund/AMC shall e-mail to all Disclosure unitholders (if an e-mail address is provided) the complete scheme portfolio as at the end of each month and each half year (i.e., 31st March and 30th September) within ten days of end of the month/half year. These shall also be displayed on the website of the Mutual Fund https://bandhanmutual.com/downloads/disclosures) and that of AMFI (www.amfiindia.com) in a user-friendly and downloadable spreadsheet format. Investors may also place a specific request to the Mutual Fund for sending the half yearly portfolio through email. The Mutual Fund shall publish an advertisement disclosing uploading of such half yearly scheme portfolios on its website, in all India editions of one English and one Hindi daily newspaper. The Mutual Funds shall provide a physical copy of the scheme portfolio, without charging any cost, on specific request received from a unitholder. The investor can refer the below link for information on the above point as and when available 27https://bandhanmutual.com/downloads/disclosures Portfolio Turnover It is expected that there would be a number of subscriptions and redemptions on a daily basis. Consequently, it is difficult to estimate with any reasonable measure of accuracy, the likely turnover in the portfolio. Portfolio Turnover Ratio: Not Applicable. Detailed Name of the Category Type of scheme Investment Objective comparative scheme of the table of the scheme existing Bandhan US Equity An open-ended The Fund seeks to generate long term schemes of specific oriented fund of fund scheme capital appreciation by investing in units of AMC Equity Active FOF investing in units of overseas Mutual Fund Scheme(s) investing FOF (Overseas) overseas Mutual in US Equity securities. (Formerly – Country Fund Scheme(s) Disclaimer: However, there can be no Bandhan US Specific investing in US assurance that the investment objective of Equity Fund Equity FoF Equity securities. the scheme will be realized. of Fund) Bandhan US Debt An open ended fund The investment objective of the Scheme is Treasury oriented of fund scheme to provide long-term capital appreciation Bond 0-1 year FOF investing in units / by passively investing in units / shares of specific Debt (Overseas) shares of overseas overseas Index Funds and / or ETFs which Passive FOF – Country Index Funds and / track an index with US treasury securities (Formerly Specific or Exchange Traded in the 0-1 year maturity range as its Bandhan US Debt FoF Funds which track constituents, subject to tracking error. Treasury an index with US However, there can be no assurance that Bond 0-1 year treasury securities the investment objective of the Scheme Fund of Fund) in the 0-1 year will be realized. maturity range as its constituents Bandhan Hybrid FoF An open-ended The Fund seeks to generate long-term Income Plus (Domestic) fund of funds capital appreciation from a portfolio Arbitrage Income scheme created by investing in active debt oriented Active FOF Plus predominantly mutual fund schemes and arbitrage fund of (Formerly Arbitrage investing in active Bandhan Mutual Fund. Disclaimer: Bandhan FOF debt oriented However, there can be no assurance that Income Plus mutual fund the investment objective of the scheme will Arbitrage schemes and be realized. Fund of arbitrage fund of Funds) Bandhan Mutual Fund. 28Bandhan Hybrid FoF An open-ended The investment objective of the scheme is Aggressive (Domestic) fund of funds to generate a mix of capital appreciation Hybrid - scheme investing in and income through investment in equity Passive FOF Aggressive passive equity and and debt passive schemes based on a (Formerly Hybrid FoF debt schemes. defined asset allocation. Bandhan (Passive) Asset Disclaimer: However, there can be no Allocation assurance that the investment objective of Fund of Funds the scheme will be realized. - Aggressive Plan) Bandhan Hybrid FoF An open-ended The investment objective of the scheme is Multi-Asset (Domestic) fund of funds to provide diversification across asset Passive FOF - Multi- scheme investing in classes and generate a mix of capital (Formerly Asset passive equity appreciation and income through Bandhan Allocation schemes, debt investment in passive schemes based on a Asset FoF schemes, and defined asset allocation. Allocation (Passive) commodity-based Fund of Funds schemes as Disclaimer: However, there can be no - Moderate permitted by SEBI assurance that the investment objective of Plan) from time to time. the scheme will be realized. Bandhan Hybrid FoF An open-ended The investment objective of the scheme is Conservative (Domestic) fund of funds to generate a mix of capital appreciation Hybrid - scheme investing in and income through investment in equity Passive FOF Conservati equity and debt and debt passive schemes based on a (Formerly ve Hybrid passive schemes. defined asset allocation. Bandhan FoF Asset (Passive) Disclaimer: However, there can be no Allocation assurance that the investment objective of Fund of Funds the scheme will be realized. - Conservative Plan) Refer https://bandhanmutual.com/downloads/sid for detailed comparative table of the above schemes. Scheme This scheme is a new scheme and does not have any performance track record. performance Periodic Half Yearly Financial Results Disclosures such as Half The Mutual Fund shall within one month from the close of each half year, that is on 31st March and yearly on 30th September, host a soft copy of its unaudited financial results on their website and shall publish disclosures, an advertisement disclosing the hosting of such financial results on their website, in atleast one English half yearly daily newspaper having nationwide circulation and in a newspaper having wide circulation published results, in the language of the region where the Head Office of the mutual fund is situated. The unaudited annual financial results will be displayed on the website of the Mutual Fund report (https://bandhanmutual.com/statutory-disclosures/financials) and that of AMFI (www.amfiindia.com). Annual Report Scheme wise Annual Report or an abridged summary thereof shall be mailed to all unitholders within 29four months from the date of closure of the relevant accounts year i.e. 31st March each year as under: (i) by e-mail to the Unit holders whose e-mail address is available with the Fund, (ii) in physical form to the Unit holders whose email address is not available with the Fund and/or to those Unit holders who have opted / requested for the same. An advertisement shall also be published in all India edition of at least two daily newspapers, one each in English and Hindi, disclosing the hosting of the scheme wise annual report on the website of the AMC. The physical copy of the scheme wise annual report or abridged summary shall be made available to the investors at the registered office of the AMC. Physical copy of the abridged summary of the Annual Report shall be provided to the unitholder, without charging any cost, on such specific request by the unitholder. A link of the scheme annual report shall be displayed prominently on the website of the Mutual Fund (https://bandhanmutual.com/statutory-disclosures/financials) and that of AMFI (www.amfiindia.com). The AMC shall also provide a physical copy of abridged summary of the annual report, without charging any cost, on specific request received from the unitholder. A copy of scheme wise annual report shall also be made available to unitholder(s) on payment of nominal fees. Specify timelines of these disclosures and details of where they are disclosed. (such as “Refer to AMC website, SAI, AMFI website for further details etc. Provide a functional link for each respective field”) Risk-o-meter In accordance with SEBI circular dated November 05, 2024 and Clause 5.16 of SEBI Master Circular dated June 27, 2024, Mutual Fund shall disclose, to the investors in which the unit holders are invested, (a) risk-o-meter of the scheme and benchmark while disclosing the performance of scheme vis-à-vis benchmark and (b) details of the scheme portfolio including the scheme risk-o-meter, name of benchmark and risk- o-meter of benchmark while communicating the fortnightly, monthly and half-yearly statement of scheme portfolio via email. Further, pursuant to clause 17.4.1.h of SEBI Master Circular , any change in risk-o-meter shall be communicated by way of Notice cum Addendum and by way of an e-mail or SMS to unitholders of that particular scheme. Risk-o-meter shall be evaluated on a monthly basis and Mutual Funds/AMCs shall disclose the Risk- o-meter along with portfolio disclosure for all their schemes on the website of the Mutual Fund (www.bandhanmutual.com) and that of AMFI (www.amfiindia.com) within 10 days from the close of each month. Mutual Funds shall also disclose the risk level of schemes as on March 31 of every year, along with number of times the risk level has changed over the year, on its website and AMFI website. Investors may please note that the Risk-o-meter disclosed is basis internal assessment of the scheme portfolio as on the date of disclosure. Scheme Summary Document Pursuant to SEBI advisory dated December 28, 2021, a standalone scheme document called ‘Scheme Summary Document’ for all the Schemes of Bandhan Mutual Fund has been hosted on its website (www.bandhanmutual.com) which contains all the details of the Schemes including but not limited to 30Scheme features, Fund Manager details, investment details, investment objective, expense ratios, portfolio details, etc. The Scheme Summary Document is uploaded on the website of the Mutual Fund, AMFI and stock exchanges in 3 data formats i.e. PDF, Spreadsheet and a machine readable format (either JSON or XML). Any disclosure in terms of consolidated checklist on standard observations: i. Where The corpus of the Scheme shall be invested in accordance with the investment objective of the scheme will the which will include but not limited to: scheme invest? 1) Units of Silver ETF 2) Debt Securities including: • Non-convertible debentures • Bonds • Zero interest bonds • Deep discount bonds • Floating rate bond/notes 3) Any other permissible domestic fixed income instrument. Money market instruments include, but are not limited to Treasury Bills, Commercial Paper of Public Sector Undertakings and Private Sector Corporate Entities, Term Money, Tri-party repo, Certificates of Deposit of Scheduled Commercial Banks, Financial Institutions and Development Financial Institutions, Government securities with unexpired maturity of one year or less and other Money Market securities as may be permitted by SEBI / RBI from time to time and in the manner prescribed under the Regulations. 4) other Money Market securities as may be permitted by SEBI / RBI from time to time and in the manner prescribed under the Regulations. 5) Units of money market / liquid mutual fund schemes, subject to requisite regulatory guidelines. 6) Any other securities / instruments as may be permitted by SEBI from time to time, subject to requisite regulatory approvals, if any. The securities mentioned above could be privately placed, secured, unsecured and of any maturity. The securities may be acquired through secondary market operations, private placement, rights offer or negotiated deals. Pending deployment of funds of the Scheme in securities in terms of the investment objective of the Scheme, the AMC may park the funds of the Scheme in short-term deposits of scheduled commercial banks, subject to the guidelines issued by SEBI vide its circular dated April 16, 2007, August 16, 2019 and September 20, 2019 as amended from time to time. The AMC shall not charge any investment management and advisory fees for parking of funds in such short term deposits of scheduled commercial banks for the scheme. Product This product is suitable for investors who are seeking*: label of the scheme • Long term capital appreciation • Investments in units of Silver ETF which in turn invest in Physical Silver. *Investors should consult their financial advisers if in doubt about whether the product is suitable for them New Fund NFO opens on: Offer NFO closes on: Period This 31is the Minimum duration to be 3 working days and will not be kept open for more than 15 days. period during Any modification to the New Fund Offer Period (not exceeding the NFO period limit of 15 days) which a shall be announced by way of an Addendum uploaded on website of the AMC. new scheme sells its units to the investors. New Fund Rs. 10/- price per unit Offer Price: This is the price per unit that the investors have to pay to invest during the NFO. 32Due It is confirmed that: Diligence by the Asset (i) The Scheme Information Document submitted to SEBI is in accordance with the SEBI (Mutual Managemen Funds) Regulations, 1996 and the guidelines and directives issued by SEBI from time to time. t Company (ii) All legal requirements connected with the launching of the Scheme as also the guidelines, instructions, etc., issued by the Government and any other competent authority in this behalf, have been duly complied with. (iii) The disclosures made in the Scheme Information Document are true, fair and adequate to enable the investors to make a well informed decision regarding investment in the Scheme. (iv) The intermediaries named in the Scheme Information Document and Statement of Additional Information are registered with SEBI and their registration is valid, as on date. (v) The contents of the Scheme Information Document including figures, data, yields etc. have been checked and are factually correct. (vi) A confirmation that the AMC has complied with the compliance checklist applicable for Scheme Information Documents and other than cited deviations/ that there are no deviations from the regulations. (vii) Notwithstanding anything contained in this Scheme Information Document, the provisions of the SEBI (Mutual Funds) Regulations, 1996 and the guidelines thereunder shall be applicable. (viii) The Trustees have ensured that the Bandhan Silver ETF approved by them is a new product offered by Bandhan Mutual Fund and is not a minor modification of any existing scheme/fund/product. Investment The Fund shall be managed in line with the Investment Objective to generate returns that are linked Strategy to the returns generated by the underlying Silver Exchange Traded Fund (ETF). To realize this objective, the investment strategy of the Scheme would be to invest passively in Silver ETF. The Scheme will remain invested in the underlying scheme regardless of the prevailing silver price or future outlook for this asset class. Though every endeavor will be made to achieve the objective of the Scheme, the AMC/Sponsors/Trustee do not guarantee that the investment objective of the Scheme will be achieved. No guaranteed returns are being offered under the Scheme. How will the The performance of the scheme will be benchmarked against the Domestic Price of Physical Silver. Scheme Benchmark The Trustee reserves the right to change benchmark in future for measuring performance of the its Scheme subject to SEBI MF Regulations and circulars issued by SEBI from time to time. Performanc e? Investments Refer https://bandhanmutual.com/downloads/sid for the details of the investments of AMC in the of AMC in Scheme. the Scheme: Subject to the Regulations, the AMC may invest in the Scheme during the NFO and/or on ongoing basis. However, the AMC shall not charge any investment management and advisory fee on such investment in the Scheme, in accordance with sub-regulation 17 of Regulation 25 of the Regulations and shall charge fees on such amounts in future only if the SEBI Regulations so permit. The AMC shall invest in the scheme based on the risk associated with the scheme as specified in para 6.9 of the SEBI Master Circular. The Scheme may invest in another scheme managed by the same AMC or by the AMC of any other Mutual Fund without charging any fees on such investments, provided that aggregate inter-scheme investment made by all schemes managed by the same AMC or by the AMC of any other Mutual Fund shall not exceed 5% of the net asset value of the Fund. For detailed provisions refer SAI. 33What are the Pursuant to Regulations, specifically the Seventh schedule and amendments thereto, the following investment investment restrictions are currently applicable to the Scheme: restrictions? 1. A Fund of Fund scheme shall not invest in any other fund of fund scheme. 2. A Fund of Funds scheme shall not invest its assets other than in schemes of mutual funds, except to the extent of funds required for meeting the liquidity requirements for the purpose of repurchases or redemptions, as disclosed in the scheme information document of Fund of Funds scheme. 3. The Fund shall not borrow except to meet temporary liquidity needs of the Fund for the purpose of repurchase/ redemption of units or payment of interest and/or Income Distribution cum capital withdrawal to the Unitholders, provided that the Fund shall not borrow more than 20% (such % as mentioned by SEBI from time to time) of the net assets of the individual Scheme and the duration of the borrowing shall not exceed a period of 6 months. 4. Pending deployment of the funds of the Scheme in securities in terms of the investment objective of the Scheme, the AMC may park the funds of the Scheme in short term deposits of scheduled commercial banks, subject to the guidelines issued by SEBI from time to time. currently, the following guidelines/restrictions are applicable for parking of funds in short term deposits: • “Short Term” for such parking of funds by the Scheme shall be treated as a period not exceeding 91 days. • Such short-term deposits shall be held in the name of the Scheme. • The Scheme shall not park more than 15% of the net assets in short term deposit(s) of all the scheduled commercial banks put together. However, such limit may be raised to 20% with prior approval of the Trustee. • Parking of funds in short term deposits of associate and sponsor scheduled commercial banks together shall not exceed 20% of total deployment by the Mutual Fund in short term deposits. • The Scheme shall not park more than 10% of the net assets in short term deposit(s),with any one scheduled commercial bank including its subsidiaries. • The Scheme shall not park funds in short term deposit of a bank which has invested in that Scheme. The Trustees / AMCs shall ensure that the bank in which the Scheme has short term deposit do not invest in the Scheme until the Scheme has STD with such bank. • The AMC shall not charge any investment management and advisory fees for parking of funds in short term deposits of scheduled commercial banks. However, the above provisions will not apply to term deposits placed as margins for trading in cash and Derivatives market. 5. The Scheme shall buy and sell securities on the basis of deliveries and shall in all cases of purchases, take delivery of relevant securities and in all cases of sale, deliver the securities; Provided further that the Scheme may enter into derivatives transactions in a recognised stock exchange, subject to the framework specified by SEBI; Provided further that sale of government security already contracted for purchase shall be permitted in accordance with the guidelines issued by the Reserve Bank of India in this regard. 6. The Scheme shall not make any investment in: a) any unlisted security of an associate or group company of the Sponsor; or b) any security issued by way of private placement by any associate or group company of the 34Sponsor; or c) the listed securities of group companies of the Sponsor in excess of 25% of its net assets. 7. Transfer of investments from one Scheme to another Scheme in the same Mutual Fund is permitted provided: a) such transfers are done at the prevailing market price for quoted instruments on spot basis and in line provisions under clause 12.30 of SEBI Master Circular and as may be specified by SEBI from time to time, in this regard; and b) the securities so transferred shall be in conformity with the investment objective of the Scheme to which such transfer has been made. c) the same are in line with clause 12.30 of SEBI Master Circular. 8. The Fund shall get the securities purchased transferred in the name of the Fund on account of the concerned Scheme, wherever investments are intended to be of a long-term nature. 9. All the Scheme’s investments will be in transferable securities or bank deposits or in money at call or any such facility provided by RBI in lieu of call. 10. The Scheme shall not invest more than 10% of its NAV in debt instruments comprising money market instruments and non-money market instruments issued by a single issuer which are rated not below investment grade by a credit rating agency authorised to carry out such activity under the SEBI Act. Such investment limit may be extended to 12% of the NAV of the Scheme with the prior approval of the Boards of the Trustee Company and the AMC; Provided that such limit shall not be applicable for investments in Government Securities, treasury bills and tri-party repos on government securities or treasury bills. Further, in accordance with clause 12.8 of SEBI Master Circular, within the limits specified above, following prudential limits shall be followed for the scheme: The scheme shall not invest more than: • 10% of its NAV in debt and money market securities rated AAA; or • 8% of its NAV in debt and money market securities rated AA; or • 6% of its NAV in debt and money market securities rated A and below issued by a single issuer. The above investment limits may be extended by up to 2% of the NAV of the scheme with prior approval of the Board of Trustees and Board of Directors of the AMC, subject to compliance with the overall 12% limit specified in clause 1 of Seventh Schedule of MF Regulation. Provided further that investment within such limit can be made in mortgaged backed securitised debt which are rated not below investment grade by a credit rating agency registered with SEBI. 11. No loans for any purpose can be advanced by the Scheme. 12. All investments by the Scheme in Commercial Papers (CPs) would be made only in CPs which are listed or to be listed. The Scheme will comply with SEBI regulations and any other Regulations applicable to the investments of Mutual Funds from time to time. The Trustees may alter the above restrictions from time to time to the extent that changes in the Regulations may allow and/or as deemed fit in the general interest of the Unitholders. All investment restrictions shall be applicable at the time of making the investment. 35The Scheme will comply with the other Regulations applicable to the investments of Mutual Funds from time to time. Apart from the Investment Restrictions prescribed under the Regulations, internal risk parameters for limiting exposure to a particular scrip or sector may be prescribed from time to time to respond to the dynamic market conditions and market opportunities. The AMC/Trustee may alter these investment restrictions from time to time to the extent SEBI regulations/applicable rules change/permit so as to achieve the investment objective of the scheme. Such alterations will be made in conformity with SEBI regulations. The investment restrictions specified shall be applicable at the time of making the investment and it is clarified that changes need not be effected, merely by reason of appreciation or depreciation in value. In case the limits are exceeded due to reasons beyond the control of the AMC (such as receipt of any corporate or capital benefits or amalgamations), the AMC shall adopt necessary measures of prudence to reset the situation having regard to the interest of the investors. Fundamenta Following are the Fundamental Attributes of the scheme, in terms of Clause 1.14 of SEBI Master l Attributes Circular for Mutual Funds dated June 27, 2024: (i) Type of a scheme Please refer to the section on ‘Part I Highlights/Summary of the Scheme’. (ii) Investment Objective • Main Objective: Please refer to the section on ‘Part I Highlights/Summary of the Scheme’. • Investment Pattern: Please refer to the section on ‘Part II Information about the Scheme’. (iii) Terms of Issue • Listing: Please refer to the section on ‘Part I Highlights/Summary of the Scheme’. • Redemption: Please refer to the section on ‘Part I Highlights/Summary of the Scheme’. • Aggregate Fees and Expenses: Please refer to the section on ‘Part III C. Annual Scheme Recurring Expenses’. • Any safety net or guarantee provided- None. In accordance with Regulation 18(15A) and Regulation 25(26) of the SEBI (MF) Regulations and Clause 1.14.1.4 of SEBI Master Circular for Mutual Funds the Trustees shall ensure that no change in the fundamental attributes of the Scheme(s) and the Plan(s) / Option(s) thereunder or the trust or fee and expenses payable or any other change which would modify the Scheme(s) and the Plan(s) / Option(s) thereunder and affect the interests of Unitholders is carried out unless: • SEBI has reviewed and provided its comments on the proposal; • A written communication about the proposed change is sent to each Unitholder and an advertisement is given in one English daily newspaper having nationwide circulation as well as in a newspaper published in the language of the region where the Head Office of the Mutual Fund is situated; and The Unitholders are given an option for a period of atleast 30 calendar days to exit at the prevailing Net Asset Value without any exit load. Scheme Link for scheme factsheet: factsheet https://bandhanmutual.com/downloads/factsheets Scheme For details refer the table below: specific disclosures 36Format for Scheme Specific Disclosures Portfolio Rebalancing of deviation due to short term defensive consideration: rebalancing Any alteration in the investment pattern will be for a short term on defensive considerations as per clause 1.14.1.2 of SEBI Master Circular dated June 27, 2024, the intention being always to protect the interests of the Unit Holders and the Scheme shall rebalance the portfolio within 7 calendar days. It may be noted that no prior intimation/indication will be given to investors when the composition/asset allocation pattern under the Scheme undergoes changes within the permitted band as indicated above. Portfolio rebalancing in case of passive breach: In line with clause 3.6.7 of SEBI Master Circular dated June 27, 2024, in case of change in constituents of the index due to periodic review, the portfolio of Scheme shall be rebalanced within 7 calendar days. Further, any transactions undertaken in the portfolio of Index Schemes to meet the redemption and subscription obligations shall be done ensuring that post such transactions replication of the portfolio with the index is maintained at all points of time. However, always the portfolio will adhere to the overall investment objectives of the Scheme. However, the same will be rectified at the earliest opportunity as may be available, but not later than 7 days, to minimize the tracking error. In the event of involuntary corporate action, the scheme shall dispose the security not forming part of the underlying index within 7 calendar days from the date of allotment/listing. For detailed disclosure, kindly refer SAI. Disclosure w.r.t This scheme is a new scheme and hence this disclosure is currently not available investments by key personnel and For detailed disclosure, kindly refer SAI. AMC directors including regulatory provisions Investments of This scheme is a new scheme and hence this disclosure is currently not available. AMC in the Scheme For detailed disclosure, kindly refer SAI. Taxation For details on taxation please refer to the clause on Taxation in the SAI Associate This scheme is a new scheme and hence this disclosure is currently not available. Transactions For detailed disclosure, kindly refer SAI. Listing and The Scheme is an open ended scheme, sale and repurchase is available on a continuous basis transfer of units and therefore the Units of the Scheme are presently not proposed to be listed on any stock exchange . However, the Fund may at its sole discretion list the Units under the Scheme on one or more Stock Exchanges at a later date, and thereupon the Fund will make a suitable public announcement to that effect. In accordance with clause 14.4.4 of SEBI Master Circular units of the Scheme that are held in electronic (demat) form, will be transferable and will be subject to the transmission facility in accordance with the provisions of SEBI (Depositories and Participants) Regulations, 1996 as may be amended from time to time. 37Units of the Scheme are freely transferable in demat and non demat mode. If a person becomes a holder of the Units consequent to operation of law, or upon enforcement of a pledge, the Fund will, subject to production of satisfactory evidence, effect the transfer, if the transferee is otherwise eligible to hold the Units. Similarly, in cases of transfers taking place consequent to death, insolvency etc., the transferee’s name will be recorded by the Fund subject to production of satisfactory evidence. Dematerialization Unit holder has an option to subscribe in dematerialized (demat) form the units of the Scheme of units in accordance with the provisions laid under the Scheme and in terms of the guidelines/ procedural requirements as laid by the Depositories (NSDL/CDSL) from time to time. In case, the Unit holder desires to hold the Units in a Dematerialized /Rematerialized form at a later date, the request for conversion of units held in non-demat form into Demat (electronic) form or vice-versa should be submitted along with a Demat/Remat Request Form to their Depository Participants. Units held in demat form will be transferable subject to the provisions laid under the scheme and in accordance with provisions of Depositories Act, 1996 and the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 as may be amended from time to time Minimum Target The minimum target amount to be raised during the NFO Period shall be ₹ 10 Crore. amount (This is the minimum amount required to operate the scheme and if this is not collected during the NFO period, then all the investors would be refunded the amount invested without any return.) Maximum Not Applicable Amount to be raised (if any) Dividend Policy Not Applicable (IDCW) Allotment For NFO allotment and fresh purchase during ongoing sales with creation of a new (Detailed Folio: procedure) • The AMC shall allot the units to the applicant whose application has been accepted and also send confirmation specifying the number of units allotted to the applicant by way of email and/or SMS’s to the applicant’s registered email address and/or mobile number within five working days from the date of closure of the NFO / transaction. • The AMC shall issue to the investor whose application has been accepted, an account statement specifying the number of units allotted within five business days of closure of NFO/transaction. For allotment in demat form the account statement shall be sent by the depository / depository participant, and not by the AMC. 38• For NFO allotment in demat form, the AMC shall issue units in dematerialized form to a unit holder within two working days of the receipt of request from the unit holder. • For those unitholders who have provided an e-mail address, the AMC will send the account statement by e-mail instead of physical statement. • The unitholder may request for an account statement by writing / calling us at any of the ISC and the AMC shall provide the account statement to the investor within 5 business days from the receipt of such request. Pursuant to clause 14.4 of SEBI Master Circular, investors are requested to note the following regarding dispatch of account statements: A) Consolidated Account Statement (CAS) - for Unitholders who have registered their PAN / PEKRN with the Mutual Fund: Investors who hold demat account and have registered their PAN with the mutual fund: For transactions in the schemes of Bandhan Mutual Fund, a Consolidated Account Statement, based on PAN of the holders, shall be sent by Depositories to investors holding demat account, for each calendar month on or before fifteenth day of the succeeding month to the investors in whose folio’s transactions have taken place during that month. Due to this regulatory change, AMC has now ceased sending account statement (physical / e-mail) to the investors after every financial transaction including systematic transactions. The CAS shall be generated on a monthly basis. AMCs/ RTAs shall share the requisite information with the Depositories on monthly basis to enable generation of CAS. Consolidation of account statement shall be done on the basis of PAN. In case of multiple holding, it shall be the PAN of the first holder and pattern of holding. Based on the PANs provided by the AMCs/MF-RTAs, the Depositories shall match their PAN database to determine the common PANs and allocate the PANs among themselves for the purpose of sending CAS. For PANs which are common between depositories and AMCs, the Depositories shall send the CAS. In case investors have multiple accounts across the two depositories, the depository having the demat account which has been opened earlier shall be the default depository which will consolidate details across depositories and MF investments and dispatch the CAS to the investor. However, option shall be given to the demat account holder by the default depository to choose the depository through which the investor wishes to receive the CAS. In case of demat accounts with nil balance and no transactions in securities and in mutual fund folios, the depository shall send the account statement to the investor as specified under the regulations applicable to the depositories. Consolidated account statement sent by Depositories is a statement containing details relating to all financial transactions made by an investor across all mutual funds viz. purchase, redemption, switch, Payout of IDCW option, Reinvestment of IDCW option, systematic investment plan, systematic withdrawal plan, systematic transfer plan, bonus etc. (including transaction charges paid to the distributor) and transaction in dematerialised securities across demat accounts of the investors and holding at the end of the month. The CAS shall also provide the total purchase value / cost of investment in each scheme. 39Further, a consolidated account statement shall be sent by Depositories every half yearly (September/March), on or before twenty first day of succeeding month. Such half-yearly CAS shall be issued to all MF investors, excluding those investors who do not have any holdings in MF schemes and where no commission against their investment has been paid to distributors, during the concerned half-year period. Investors whose folio(s)/demat account(s) are not updated with PAN shall not receive CAS. Investors are therefore requested to ensure that their folio(s)/demat account(s) are updated with PAN. For Unit Holders who have provided an e-mail address to the Mutual Fund or in KYC records, the CAS will be sent by e-mail. However, where an investor does not wish to receive CAS through email, option shall be given to the investor to receive the CAS in physical form at the address registered in the Depository system. Investors who do not wish to receive CAS sent by depositories have an option to indicate their negative consent. Such investors may contact the depositories to opt out. Other investors: The Consolidated Account Statement (CAS) for each calendar month shall be issued on or before fifteenth day of succeeding month to the investors who have provided valid Permanent Account Number (PAN) / PAN Exempt KYC Registration Number (PEKRN). Due to this regulatory change, AMC has now ceased sending physical account statement to the investors after every financial transaction including systematic transactions. The CAS shall be generated on a monthly basis. The Consolidated Account Statement issued is a statement containing details relating to all financial transactions made by an investor across all mutual funds viz. purchase, redemption, switch, Payout of IDCW option, Reinvestment of IDCW option, systematic investment plan, systematic withdrawal plan, systematic transfer plan, bonus etc. (including transaction charges paid to the distributor) and holding at the end of the month. The CAS shall also provide the total purchase value / cost of investment in each scheme. Further, a consolidated account statement shall be issued every half yearly (September/March), on or before twenty first day of succeeding month. Such half-yearly CAS shall be issued to all MF investors, excluding those investors who do not have any holdings in MF schemes and where no commission against their investment has been paid to distributors, during the concerned half-year period. The CAS will be sent via email (instead of physical statement) where any of the folios consolidated has an email id or to the email id of the first unit holder as per KYC records. B) For Unitholders who have not registered their PAN / PEKRN with the Mutual Fund: For folios not included in the Consolidated Account Statement (CAS): • The AMC shall allot the units to the applicant whose application has been accepted and also send confirmation specifying the number of units allotted to the applicant by way of email and/or SMS’s to the applicant’s registered email address and/or mobile number within five working days from the date of transaction. • The AMC shall issue account statement to the investors on a monthly basis, pursuant to any financial transaction in such folios on or before tenth day of succeeding month. 40The account statement shall contain the details relating to all financial transactions made by an investor during the month, the holding as at the end of the month and shall also provide the total purchase value / cost of investment in each scheme. • For those unitholders who have provided an e-mail address, the AMC will send the account statement by e-mail instead of physical statement. • The unitholder may request for an account statement by writing / calling us at any of the ISC and the AMC shall provide the account statement to the investor within 5 business days from the receipt of such request. Further, an account statement shall be sent by the AMC every half yearly (September/March), on or before twenty first day of succeeding month. Such half-yearly account statement shall be issued to all investors, excluding those investors who do not have any holdings in BANDHAN MF schemes and where no commission against their investment has been paid to distributors, during the concerned half-year period. C) For all Unitholders In case of a specific request received from the unit holder, the AMC shall provide the account statement to the investor within 5 business days from the receipt of such request. Refund If application is rejected, full amount will be refunded in terms of applicable provision of Master circular dated June 27, 2024. Who can invest The following persons may apply for subscription to the units of the scheme (subject, wherever relevant, to purchase of units of mutual funds being permitted under respective constitutions, (This is an relevant statutory regulations and with all applicable approvals): indicative list - Resident adult individuals either singly or jointly and investors - Minor through parent/lawful guardian shall consult - Companies, Bodies Corporate, Public Sector Undertakings, association of persons or bodies of individuals whether incorporated or not and societies registered under the their financial Societies Registration Act, 1860 (so long as the purchase of units is permitted under the advisor to respective constitutions). ascertain - Trustee(s) of Religious and Charitable and Private Trusts under the provision of Section whether the 11(5) (xii) of the Income Tax Act, 1961 read with Rule 17C of Income Tax Rules, 1962 scheme is (subject to receipt of necessary approvals as “Public Securities” where required) suitable to their - The Trustee of Private Trusts authorised to invest in mutual fund Schemes under their risk trust deed. Profile) - Partner(s) of Partnership Firms. - Karta of Hindu Undivided Family (HUF). - Banks (including Co-operative Banks and Regional Rural Banks), Financial Institutions and Investment Institutions. - Non-resident Indians/Persons of Indian origin residing abroad (NRIs) on full repatriation basis or on non-repatriation basis. - Foreign Portfolio Investors (FPIs) duly registered under applicable SEBI regulations on full repatriation basis. - Army, Air Force, Navy and other para-military funds. - Scientific and Industrial Research Organizations. - Mutual fund Schemes. - Provident/Pension/Gratuity and such other Funds as and when permitted to invest. - International Multilateral Agencies approved by the Government of India. - Others who are permitted to invest in the Scheme as per their respective constitutions - Other Schemes of Bandhan Mutual Fund subject to the conditions and limits prescribed in SEBI Regulations and/or by the Trustee, AMC or sponsor may subscribe to the units under this Scheme. 41The list given above is indicative and the applicable laws, if any, as amended from time to time shall supersede the list. Who cannot The following persons are not eligible to subscribe to the Units of the Scheme: invest 1. Residents in Canada 2. United States Persons (U.S. Persons) shall not be eligible to invest in the schemes of Bandhan Mutual Fund and the Mutual Fund / AMC shall not accept subscriptions from U.S. Persons, except for lump sum subscription, switch transactions requests and registration of systematic transactions received from Non-resident Indians/Persons of Indian origin who at the time of such investment, are present in India and submit a transaction request along with such documents as may be prescribed by the AMC/Mutual Fund from time to time. In case of systematic transaction facility, the decision for such investment in the Scheme will be deemed to have been taken by the investor on the date of execution of the SIP/STP enrolment forms while present in India, though the investments will trigger on periodical basis at the predetermined dates in the month at the prevailing NAV and of specified amount as detailed in the SIP/STP enrolments form(s) executed by the investor. The AMC shall accept such investments subject to the applicable laws and such other terms and conditions as may be notified by the AMC/Mutual Fund. The investor shall be responsible for complying with all the applicable laws for such investments. The AMC/Mutual Fund reserves the right to put the transaction requests on hold/reject the transaction request/reverse allotted units, as the case may be, as and when identified by the AMC/Mutual Fund, which are not in compliance with the terms and conditions prescribed in this regard. The term “U.S. Person” shall mean any person that is a United States Person within the meaning of Regulation ‘S’ under the United States Securities Act of 1933 or as defined by the U.S. Commodity Futures Trading Commission for this purpose, as the definition of such term may be changed from time to time by legislation, rules, regulations or judicial or administrative agency interpretations. 3. Any entity who is not permitted to invest in the Scheme as per their respective constitutions and applicable regulations. The Fund reserves the right to include / exclude new / existing categories of investors to invest in this Scheme from time to time, subject to regulatory requirements, if any. This is an indicative list and investors are requested to consult their financial advisor to ascertain whether the scheme is suitable to their risk profile. The policy The AMC do not facilitates reissue of repurchased units. regarding reissue of repurchased units, including the maximum extent, the manner of reissue, the entity (the scheme or the AMC) involved in the same. 42Restrictions, if As the Units of the Scheme will be issued in demat (electronic) form, the Units will be any, on the right transferred and transmitted in accordance with the provisions of SEBI (Depositories and to freely retain or Participants) Regulations, as may be amended from time to time. dispose of units Right to Limit Fresh Subscription & Redemption being offered. In case the size of the Scheme increases to a level which in the opinion of the Trustees is not manageable, the Trustees reserve the right to stop fresh Subscription of Units in order to reduce the size to a manageable level. The Trustee reserves the right in its sole discretion to withdraw/suspend sale of the Scheme’s Units temporarily or indefinitely, if it is viewed that increasing the size further may prove detrimental to the existing Unit holders of the Scheme. An order to Purchase the Units is not binding on and may be rejected by the AMC until it has been confirmed in writing by the AMC and payment has been received for the same. Right to Limit Redemption The Trustee and AMC may, in the general interest of the Unit holders of the Scheme under this Scheme Information Document and keeping in view the unforeseen circumstances / unusual market conditions, limit the total number of Units which may be redeemed on any Working Day for redemption requests of more than Rs. 2 Lakhs per folio at a scheme level. In line with the Clause no. 1.12 of SEBI Master Circular dated June 27, 2024, the following conditions would be applicable. a. Restriction may be imposed when there are circumstances leading to a systemic crisis or event that severely constricts market liquidity or the efficient functioning of markets such as: i. Liquidity issues - when market at large becomes illiquid and affecting almost all securities. ii. Market failures, exchange closures - when markets are affected by unexpected events which impact the functioning of exchanges or the regular course of transactions. Such unexpected events could also be related to political, economic, military, monetary or other emergencies. iii. Operational issues – when exceptional circumstances are caused by force majeure, unpredictable operational problems and technical failures (e.g. a black out). b. Restriction on redemption may be imposed for a specified period of time not exceeding 10 working days in any 90 days period. c. When restriction on redemption is imposed, the following procedure shall be applied: i. No redemption requests upto INR 2 lakh shall be subject to such restriction. ii. Where redemption requests are above INR 2 lakh, AMCs shall redeem the first INR 2 lakh without such restriction and remaining part over and above INR 2 lakh shall be subject to such restriction. However, suspension or restriction of redemption under any scheme of the Mutual Fund shall be made applicable only after the approval from the Board of Directors of the Asset Management Company and the Trustee Company. The approval from the AMC Board and the Trustees giving details of circumstances and justification for the proposed action shall also be informed to SEBI immediately. Cut off timing for Subscription facility is available on a continuous basis. subscriptions/ redemptions/ Applicable NAV for Subscriptions / Switch-ins (irrespective of application amount): switches • In respect of valid applications upto 3.00 p.m on a Business Day at the official This is the time point(s) of acceptance and funds received upto 3.00 p.m. for the entire amount of 43before which subscription/purchase (including switch ins) as per the application are credited to the your application bank account of the Scheme before the cut-off time on same day i.e available for (complete in all utilization before the cut-off time - the closing NAV of the day shall be applicable. respects) should • In respect of valid applications received after 3.00 p.m on a Business Day at the reach the official official point(s) of acceptance and funds for the entire amount of points of subscription/purchase (including switch ins) as per the application are credited to the acceptance. bank account of the Scheme either on same day or before the cut-off time of the next Business Day i.e available for utilization before the cut-off time of the next Business Day - the closing NAV of the next Business Day shall be applicable • Irrespective of the time of receipt of application at the official point(s) of acceptance, where funds for the entire amount of subscription/purchase (including switch-ins) as per the application are credited to the bank account of the Scheme before the cut-off time on any subsequent Business Day - i.e available for utilization before the cut-off time on any subsequent Business Day - the closing NAV of such subsequent Business Day shall be applicable. • In case of switch transactions from one scheme to another scheme, units allotment in switch-in scheme shall be in line with the redemption payouts. The aforesaid provisions shall also apply to systematic transactions i.e Systematic Investment Plan (SIP), Systematic Transfer Plan (STP), Transfer of Income Distribution cum capital withdrawal plan etc. irrespective of the installment date or Income Distribution cum capital withdrawal record date. For Repurchase/Redemption/Switch-outs: In respect of valid applications received upto 3.00 pm by the Mutual Fund, same day’s closing NAV shall be applicable. In respect of valid applications received after 3.00 pm by the Mutual Fund, the closing NAV of the next business day shall be applicable. Minimum Not Applicable balance to be maintained and consequences of non-maintenance Accounts The AMC shall send an allotment confirmation specifying the units allotted by way of email Statements and/or SMS within 5 working days of receipt of valid application/transaction to the Unit holders registered e-mail address and/ or mobile number (whether units are held in demat mode or in account statement form). A Consolidated Account Statement (CAS) detailing all the transactions across all mutual funds (including transaction charges paid to the distributor) and holding at the end of the month shall be sent to the Unit holders in whose folio(s) transaction(s) have taken place during the month by mail or email on or before 15th of the succeeding month. Half-yearly CAS shall be issued at the end of every six months (i.e. September/ March) on or before 21st day of succeeding month, to all investors providing the prescribed details across all schemes of mutual funds and securities held in dematerialized form across demat accounts, if applicable. For further details, refer SAI. Dividend/ IDCW Not Applicable Redemption The redemption or repurchase proceeds shall be dispatched to the unitholders within three working days from the date of redemption or repurchase. For list of exceptional circumstances refer para 14.1.3 of SEBI Master Circular for Mutual 44Funds. Bank Mandate As per the directives issued by SEBI, it is mandatory for applicants to mention their bank account numbers in their applications and therefore, investors are requested to fill-up the appropriate box in the application form failing which applications are liable to be rejected. Delay in payment The Asset Management Company shall be liable to pay interest to the unitholders at such rate of redemption/ as may be specified vide clause 14.2 of SEBI Master Circular for Mutual Funds by SEBI for repurchase the period of such delay (presently @ 15% per annum). proceeds/dividend However, the Asset Management Company will not be liable to pay any interest or compensation or any amount otherwise, in case the AMC/Trustee is required to obtain from the investor/Unit holders verification of identity or such other details relating to subscription for Units under any applicable law or as may be requested by a regulatory body or any government authority, which may result in delay in processing the application. Unclaimed In accordance with clause 14.3 of SEBI Master Circular, the unclaimed Redemption amount Redemption and and IDCW amount that are currently allowed to be deployed by the Mutual Fund only in call Income money market or money market Instruments, shall also be allowed to be invested in a separate Distribution cum plan of only Overnight scheme / Liquid scheme / Money Market Mutual Fund scheme floated Capital by Mutual Funds specifically for deployment of the unclaimed amounts. Withdrawal Provided that such schemes where the unclaimed redemption and dividend amounts are Amount deployed shall be only those Overnight scheme/ Liquid scheme / Money Market Mutual Fund schemes which are placed in A-1 cell (Relatively Low Interest Rate Risk and Relatively Low Credit Risk) of Potential Risk Class matrix. AMCs shall not be permitted to charge any exit load in this plan and TER (Total Expense Ratio) of such plan shall be capped as per the TER of direct plan of such scheme or at 50 bps, whichever is lower. Further, for the Unclaimed redemption and dividend amounts deployed by Mutual Funds in Call Money Market or Money Market instruments, the investment management and advisory fee charged by the AMC for managing unclaimed amounts shall not exceed 50 basis points. Investors who claim the unclaimed amounts during a period of three years from the due date shall be paid initial unclaimed amount along-with the income earned on its deployment. Investors who claim these amounts after 3 years, shall be paid initial unclaimed amount along- with the income earned on its deployment till the end of the third year. After the third year, the income earned on such unclaimed amounts shall be used for the purpose of investor education. The investors can visit the website of the AMC to check the unclaimed amount in their folios. Disclosure w.r.t As per clause of 17.6 of SEBI Master Circular, the following Process for Investments in the investment by name of a Minor through a Guardian will be applicable- minors Payment for investment by any mode shall be accepted from the bank account of the minor, parent or legal guardian of the minor, or from a joint account of the minor with parent or legal guardian. Irrespective of the source of payment for subscription, all redemption proceeds shall be credited only in the verified bank account of the minor, i.e. the account the minor may hold with the parent/ legal guardian after completing all KYC formalities. Unit holders are requested to review the Bank Account registered in the folio and ensure that the registered Bank Mandate is in favour of minor or joint with registered guardian in folio. If the registered Bank Account is not in favour of minor or not joint with registered guardian, unit holders will be required to submit the change of bank mandate, where minor is also a 45bank account holder (either single or joint with registered guardian), before initiation any redemption transaction in the folio, else the transaction is liable to get rejected. For systematic transactions in a minor’s folio, AMC will register standing instructions till the date of the minor attaining majority, though the instructions may be for a period beyond that date. Upon the minor attaining the status of major, the minor in whose name the investment was made, shall be required to provide all the KYC details, updated bank account details including cancelled original cheque leaf of the new account. No further transactions shall be allowed till the status of the minor is changed to major. Please refer SAI for detailed process on investments made in the name of a Minor through a Guardian and Transmission of Units. Principles of Not applicable. incentive structure for market makers (for ETFs) 46