Publish Date:
Baroda Mutual Fund launches – Baroda BNP Paribas Innovation Fund
It is an open-ended equity scheme investing in innovation theme.
Accordingly, investment objective of the scheme is to seek long term capital appreciation by investing at least 80% of its net assets in equity/equity related instruments of companies focusing and benefitting from innovation. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.
Under normal circumstances, Baroda BNP Paribas Innovation Fund will hold an allocation of 80% to 100% in Equity & Equity related instruments of companies belonging to the innovation theme, 0% to 20% in Equity and equity related instruments^ of any other companies, 0% to 20% in Debt & Money Market instruments, 0% to 10% in Debt & Money Market instruments and 0% to 10% in Units of Mutual Fund Schemes (Domestic Schemes).
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As per the Scheme Information Document, Baroda BNP Paribas Innovation Fund is actively managed and intends to invest at least 80% of its net assets in equity/equity related instruments of companies focusing and benefitting from innovation.
The focus would be on companies that are expected to thrive in the new internet and digital economy. We believe companies across multiple industries are undertaking transformation initiatives to survive and thrive in the new economy.
The focus would be on companies that are expected to thrive in the new internet and digital economy. We believe companies across multiple industries are undertaking transformation initiatives to survive and thrive in the new economy.
Baroda BNP Paribas Innovation Fund’s performance will be benchmarked against Nifty 500 TRI
The scheme will be managed by Mr Pratish Krishnan and Mr Miten Vora.
The NFO opens for subscription on February 14, 2024 and closes on February 28, 2024. The schemes will reopen for continuous sale and repurchase within 5 business days from the date of allotment.
The minimum subscription amount is Rs 1,000/- and in multiples of Re.1/- thereof.
The scheme offers Regular Plan and Direct Plan each plan offers Growth option and Income Distribution cum capital withdrawal Option (IDCW).