Baroda BNP Paribas Mutual Fund launches Baroda BNP Paribas Manufacturing Fund
Baroda BNP Paribas Mutual Fund has launched Baroda BNP Paribas Manufacturing Fund, an open-ended equity scheme predominantly investing in manufacturing themes.
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The new fund offer or NFO of the scheme is open for subscription and will close on June 24. The scheme will reopen for continuous sale and repurchase within five business days from the date of allotment
The scheme will be benchmarked against Nifty India Manufacturing TRI. The scheme will be managed by Jitendra Sriram.
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The minimum investment amount for lumpsum investment is Rs 1,000 and in multiples of Re 1 thereafter. For SIP, the minimum application amount is Rs 500 and in multiples of Re 1 thereafter.
The fund will offer regular and direct plans with both growth and IDCW options. The exit load will be nil if units of the scheme are redeemed or switched out up to 10% of the units within 1 year from the date of allotment. An exit load of 1% will be applicable if units of the scheme are redeemed or switched out in excess of the limit within 1 year from the date of allotment. No exit load will be applicable if units of scheme are redeemed or
