Mutual Fund News : BNP Paribas Mutual Fund files offer document for BNP Paribas Global Innovative Technology Fund

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BNP Paribas Mutual Fund has filed offer document with SEBI to launch an open ended Fund of Fund scheme named 'BNP Paribas Global Innovative Technology Fund'.

The investment objective of the scheme will be to seek capital appreciation by investing predominantly in units of ‘BNP Paribas Funds Disruptive Technology’.

The performance of the scheme will be benchmarked against MSCI World Index.

The New Fund Offer price is Rs 10 per unit and the minimum application amount for initial purchase is Rs 5,000 and in multiples of Re 1 thereafter. The scheme offers growth and dividend options.

It seeks to collect a Minimum Target Amount of Rs 10 crore.