BNP Paribas MF introduces Funds Aqua Fund of Fund
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BNP Paribas Mutual Fund (MF) has launched the BNP Paribas Funds Aqua Fund of Fund, an open- ended Fund of Fund scheme investing in BNP Paribas Funds Aqua (Lux). The NFO opens for subscription on April 16, 2021, and closes on April 30, 2021. The Entry load is nil for the scheme. The Exit load will be 1% of the applicable NAV, if units of the Scheme are redeemed or switched out within 12 months from the date of allotment and nil, if units of Scheme are redeemed or switched out after 12 months from the date of allotment. The minimum subscription amount is Rs 5000 and in multiples of Rs 1 thereafter.
The performance of the Scheme will be benchmarked with MSCI World Index (NR) and its fund managers are Abhijeet Dey and Karthikraj Lakshmanan.
The investment objective of the Scheme is to seek capital appreciation by investing predominantly in units of BNP Paribas Funds Aqua (Lux).
