Baroda MF introduces Business Cycle Fund
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Baroda Mutual Fund (MF) has launched the Baroda Business Cycle Fund, an open-ended equity scheme following the Business Cycles theme. The NFO opens for subscription on August 24, 2021, and closes on September 06, 2021. The Entry load is not applicable for the scheme. The Exit load will be nil, if redemption/ switch out of units up to 10% of the units allotted before 1 year from the date of allotment, if units are redeemed over and above the 10% limit, before one year from the date of allotment the exit will be 1.00% of the applicable NAV and nil, for redemption/switch out of units after 1 year from the date of allotment. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter.
The scheme would be benchmarked to the BSE 500 TRI and its fund managers are Sanjay Chawla, Abul Fateh and Pratish Krishnan.
The investment objective of the scheme is to generate long term capital appreciation for investors by investing predominantly in equity and equity related securities with a focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy.
