Baroda BNP Paribas MF introduces Nifty Bank ETF
Baroda BNP Paribas Mutual Fund (MF) has launched Baroda BNP Paribas Nifty Bank ETF, an open-ended scheme replicating / tracking the Nifty Bank Total Returns Index. The NFO opens for subscription on May 31, 2024 and closes on June 14, 2024. The Entry load and Exit load is not applicable for the scheme. The minimum subscription amount is Rs 5,000 per application and in multiples of Rs 1 thereafter.
The performance of the scheme will be benchmarked against Nifty Bank 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 Bank Total Returns Index before expenses, subject to tracking errors, fees and expenses
