Baroda BNP Paribas Mutual Fund files offers document for Small Cap Fund
Baroda BNP Paribas Mutual Fund has filed offer document with SEBI to launch an open-ended equity scheme named ‘Baroda BNP Paribas Small Cap Fund’. The New Fund Offer price is Rs 10. Entry load will be nil and Exit load if units of the Scheme are redeemed or switched out up to 10% of the units within 1year from the date of allotment will be Nil, If units of the scheme are redeemed or switched out in excess of the limit within 1year from the date of allotment exit load will be 1% of the applicable NAV, If units of scheme are redeemed or switched out after 1 year from the date of allotment exit load will be Nil. The Scheme offers growth and dividend options for investment, and minimum target subscription amount for the Scheme to be raised is Rs 10 Crore.
The performance of the scheme is benchmarked for Nifty Small Cap 250 TR Index. The minimum application amount is Rs 1000 and in multiples of Re 1 thereafter.
The investment objective of the scheme is to generate long-term capital appreciation by investing predominantly in equity and equity related securities of small cap companies
