Baroda BNP Paribas MF introduces Nifty 50 Index Fund
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Baroda BNP Paribas Mutual Fund (MF) has launched Baroda BNP Paribas Nifty 50 Index Fund, an open-ended scheme replicating / tracking the NIFTY 50 Total Return Index. The NFO opens for subscription on January 08, 2024 and closes on January 22, 2024. The Entry load is not applicable for the scheme. The Exit load of 0.2% - If redeemed on or before 30 days from the date of allotment and nil- If redeemed after 30 days from the date of allotment. The minimum subscription amount is Rs 5,000 and in multiples of Rs 1 thereafter.
The performance of the scheme will be benchmarked against Nifty 50 Total Returns Index and its fund manager is Neeraj Saxena.
The investment objective of the scheme is to provide investment returns closely corresponding to the total returns of the securities as represented by the Nifty 50 Total Returns Index before expenses, subject to tracking errors, fees and expenses.
