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Baroda BNP Paribas Mutual Fund (MF) has launched Baroda BNP Paribas Manufacturing Fund, an open-ended equity scheme predominantly investing in Manufacturing theme. The NFO opens for subscription on June 10, 2024 and closes on June 24, 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, exit load of 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 1,000 and in multiples of Rs. 1 thereafter.

The performance of the scheme will be benchmarked against Nifty India Manufacturing TRI and its fund managers are Jitendra Sriram and Miten Vora.

The investment objective is to generate long-term capital appreciation from a portfolio invested predominantly in equity and equity related securities of companies engaged in the Manufacturing.