Baroda Bnp Paribas Mutual Fund files offer document for Services Fund
Baroda Bnp Paribas Mutual Fund has filed offer document with SEBI to launch an open-ended equity scheme named ‘Baroda Bnp Paribas Services Fund’. The New Fund Offer price for units would be Rs 10 during the NFO. Entry load will be nil. Exit load for redemption/switch out of units above 10% within 1 year from the date of allotment will be 1.00% of applicable NAV; and for Redemption/ switch out of units upto 10% of the units allotted within 1 year from date of allotment exit load will be NIL; and for redemption/switch out of units after 1 year from the date of allotment exit load will be nil. The Scheme offers Growth option and Income Distribution cum Capital Withdrawal option for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.
The performance will be benchmarked against Nifty Services Sector TRI. The minimum application amount during NFO will be Rs 1000 and in multiples of Rs 1 thereafter.
