Oldbridge Mutual Funds
Old Bridge Mutual Fund was launched on September 1, 2023. The AMC made its debut in the mutual fund market with its inaugural multicap fund. Sponsored by Old Bridge Capital Management Private Limited, the firm currently offers a select range of mutual fund schemes. It’s looking to expand its offerings in the future.
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About Old Bridge Mutual Fund
The trustees of Old Bridge Mutual Fund are Dhananjay, Durga Prasad Duvvuri, Hemang Bakshi, John Arunkumar Diaz and Krishankumar Trichur.
The asset management company, Old Bridge Asset Management Private Limited, was incorporated on December 8, 2022. The AMC is led by a team of four directors — Amit Jasani, Kenneth Andrade, Lalith B and Rishi Karkar.
During the launch of its inaugural Focused Equity Fund, Kenneth Andrade stated that the main objective of the mutual fund scheme would be to focus on a limited number of companies — 30 to 40. He explained that maintaining a smaller portfolio would make it easier to track and invest, though he acknowledged that this strategy would limit the scope for diversification.
According to the latest data available from the Association of Mutual Funds in India (AMFI), Old Bridge Asset Management is headed by Chief Executive Officer (CEO) Ruchi Pandey, with Kenneth Andrade serving as the Chief Investment Officer (CIO) and also one of the fund managers. Deutsche Bank AG serves as the custodian for the Mumbai-based AMC.
Old Bridge Mutual Fund: Key Information
The AMC is one of the newest entrants in the mutual fund industry. By reviewing the details of its mutual fund schemes and other relevant information, investors can gain a clear understanding of its performance over the past year.
Here are some key details about Old Bridge Mutual Fund:
- Mutual fund name: Old Bridge Mutual Fund
- Founding date: September 1, 2023
- Founding date of Old Bridge AMC: December 8, 2022
- Headquarters: Mumbai
- Trustee organisation: Old Bridge Mutual Fund Trustee Pvt. Ltd.
- CEO: Ruchi Pandey
- Investors services officer: Pawan Rathi
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Frequently Asked Questions
How to invest in Old Bridge Mutual Fund?
Investing in Old Bridge Mutual Fund is an easy process that can be done online using trading platforms like Upstox. To get started, download and open the Upstox app on your mobile device. Navigate to the mutual fund section and use the search option to find Old Bridge Mutual Fund.
Once you have selected the fund, take the time to review all the details provided. Then, choose your preferred investment method, either opting for a Systematic Investment Plan (SIP) or making a one-time investment. Follow the steps outlined on the platform to complete the investment.
How to redeem Old Bridge Mutual Fund?
To redeem your investment in Old Bridge Mutual Fund online, you can use the same application through which you made your investment. Start by checking your portfolio on the platform, then select the specific Old Bridge Mutual Fund scheme in which you have invested. Once selected, click on the redeem option and enter the amount you wish to redeem.
How to stop SIP in Old Bridge Mutual Fund?
To invest in Old Bridge Mutual Fund via SIP, start by opening your preferred stock trading platform, such as Upstox. Navigate to the mutual funds section and search for Old Bridge Mutual Fund. Select the desired mutual fund scheme. You will be presented with options to invest either through a one-time lump sum or SIP. For the Focused Equity Fund, investors can start an SIP with a minimum amount of Rs 2,500.
How to increase SIP amount in Old Bridge Mutual Fund?
You can increase your Old Bridge Mutual Fund SIP either manually through your stock trading platform or by selecting the ‘Step-up SIP’ option. The 'Step-up SIP' allows your SIP amount to gradually increase after a fixed duration, helping you grow your investment over time.
Is Old Bridge Mutual Fund good?
Old Bridge Mutual Fund is a relatively new player in the market, but it has made a strong start with its carefully curated investment strategies. As with any investment, it’s important to evaluate whether the fund aligns with your specific financial goals, risk appetite and investment horizon.
Should I invest in the Old Bridge Mutual Fund scheme?
Risk-takers and investors with an already strong portfolio may consider investing in the Old Bridge Mutual Fund scheme. However, the mandatory minimum SIP investment of Rs 2,500 might make it less accessible for those who are just starting their investment journey with smaller amounts, such as Rs 50, 100, or 500.
What are the redemption charges of Old Bridge Mutual Fund?
Redemption charges of Old Bridge Mutual Fund may vary for different schemes. Investors need to check the latest redemption charges by visiting its official website or on stock trading platforms like Upstox.
What determines the taxes on mutual fund returns?
Those who have invested in Old Bridge Mutual Fund schemes may be subject to Short-Term Capital Gains (STCG) tax of 20% if they withdraw their investment in less than a year. Those who hold their investment for more than a year, it may attract Long-Term Capital Gains (LTCG) tax. Gains up to Rs 1.25 lakh per financial year are tax-free. Beyond this threshold, the gains are taxed at 12.5%.
Which Old Bridge Mutual Fund is the best?
The best Old Bridge Mutual Fund depends on your individual financial goals, risk tolerance and investment horizon. Before choosing any fund, it's essential to consider your investment goals, time frame and willingness to take on risk, and consult with a financial advisor, if needed.