Baroda BNP Paribas MF introduces Dividend Yield Fund
Baroda BNP Paribas Mutual Fund has launched Baroda BNP Paribas Dividend Yield Fund, an open-ended equity scheme predominantly investing in dividend yielding stocks. The NFO opens for subscription on August 22, 2024 and closes on September 05, 2024. The Entry Load is not applicable for the scheme. The Exit Load will be nil - If units of the Scheme are redeemed or switched out up to 10% of the units within 1 year from the date of allotment, 1% of the applicable NAV - If units of the scheme are redeemed or switched out in excess of the limit within 1 year from the date of allotment and No exit load - If units of scheme are redeemed or switched out after 1 year from the date of allotment. The minimum subscription amount is Rs 1000 and in multiples of Re 1 thereafter.
The performance of the scheme will be benchmarked with Nifty 500 TRI and its fund managers are Shiv Chanani and Miten Vora.
The investment objective of the scheme is to provide medium to long term appreciation by predominantly investing in a well-diversified portfolio of equity and equity related instruments of dividend yielding companies.
