By submitting a draught offer document for Old Bridge Focused Equity Fund, the fund’s initial offering in the focused fund category, Kenneth Andrade’s Old Bridge Mutual Fund has entered the mutual fund industry.
The fund will make 30 stock investments ranging in market value. The performance of the fund will be measured against the S&P BSE 500 TRI.
For lumpsum applications, the minimum amount required is Rs. 5000; however, for SIP investors, it is Rs. 2,500.
Tarang Agrawal and Kenneth Andrade will share fund management duties. Additionally, Ruchi Pandey will serve as the CEO and lead the fund house.