Baroda BNP Paribas MF introduces Nifty200 Momentum 30 Index Fund
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Baroda BNP Paribas Mutual Fund has launched Baroda BNP Paribas Nifty200 Momentum 30 Index Fund, an open-ended scheme replicating / tracking the Nifty200 Momentum 30 Total Returns Index. The NFO opens for subscription on September 25, 2024 and closes on October 09, 2024. The Entry Load is not applicable for the scheme. The Exit Load will be 0.2%- If redeemed on or before 7 days from the date of allotment and Nil- If redeemed after 7 days 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 Nifty200 Momentum 30 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 Nifty200 Momentum 30 Total Returns Index before expenses, subject to tracking errors, fees, and expenses.
