Publish Date:
Baroda BNP Paribas Mutual Fund has launched – Baroda BNP Paribas Multi Asset Fund.
It is an open-ended scheme investing in Equity, Debt and Gold ETF.
Accordingly, the investment objective of the scheme is to seek long term capital growth by investing in equity and equity related securities, debt & money market instruments, REITs / InVITs and Gold ETF. However, there can be no assurance that the investment objectives of the Scheme will be realized.
However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.
Under normal circumstances, Baroda BNP Paribas Multi Asset Fund will hold an allocation of 65% to 80% of its assets in Equity and Equity Related Instruments, 10% to 25% in Debt & Money Market instruments, 10% to 25% in Gold ETFs and 0% to 10% in Units issued by REITs & InvITs.
As per the Scheme Information Document, Baroda BNP Paribas Multi Asset Fund will invest in equity and equity linked instruments across market capitalization viz. Large cap, mid cap and small companies as defined under SEBI circular no. SEBI/HO/IM/DF3/CIR/P/2017/114 dated October 6, 2017 and as may be amended by SEBI from time to time. The list of stocks would be as per the list published by AMFI in accordance with the said circular and updated on half yearly basis.
The Scheme will focus on creating an appropriate diversified portfolio of companies with a long term perspective. The Scheme will follow a top down approach to select sectors and follow a bottom up approach to pick stocks across the sectors based on the quality of business model and quality of management.
Baroda BNP Paribas Multi Asset Fund’s performance will be benchmarked against 65% of Nifty 500 TRI + 20% of NIFTY Composite Debt Index + 15% of INR Price of Gold
The scheme will be managed by Mr Jitendra Sriram and Mr Vikram Pamnani
The NFO opens for subscription on November 28, 2022 and closes on December 12, 2022. The schemes will reopen for continuous sale and repurchase within 5 business days from date of allotment.
The fund’s NAV is priced at Rs 10/- per unit during the NFO period. The minimum subscription amount is Rs 5,000/- and in multiples of any amount thereafter.
The scheme offers Regular Plan and Direct Plan each plan offers Growth and Income Distribution cum capital withdrawal option (IDCW) option.