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18-10-2023 05:16 PM | Source: Accord Fintech
Baroda BNP Paribas Mutual Fund files offers document for Nifty 50 Index Fund
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Baroda BNP Paribas Mutual Fund has filed offer document with SEBI to launch an open-ended scheme named ‘Baroda BNP Paribas Nifty 50 Index Fund’. The New Fund Offer price for Rs 10. Entry load will be nil and exit load for redemptions / switch outs (including SIP/STP) within 15 days from the date of allotment of units, irrespective of the amount of investment: 1%. The Scheme growth and dividend options for investment and minimum target subscription amount for the Scheme to be raised is Rs 10 crore.
The performance of the scheme is benchmarked by Nifty 50 Total Returns Index. The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter.
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.
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