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Baroda BNP Paribas Mutual Fund (MF) has launched Baroda BNP Paribas Retirement Fund, an open-ended retirement solution-oriented scheme having a lock-in of 5 years or till retirement age (whichever is earlier). The NFO opens for subscription on May 08, 2024 and closes on May 22, 2024. The Entry load and Exit load is not applicable for the scheme. The minimum subscription amount is Rs 1,000 per application and in multiples of Rs 1 thereafter .

The performance of the scheme will be benchmarked against CRISIL Hybrid 35+65 - Aggressive Index and its fund managers are Pratish Krishnan (equity portion), Mayank Prakash (Debt portion) and Miten Vora (Overseas Investments).

The investment objective of the Scheme is to generate income and capital appreciation by investing in a diversified portfolio of equity and equity related instruments and fixed income instruments with a view to provide a retirement solution to investors.