NFO Alert: Baroda BNP Paribas Mutual Fund launches energy opportunities fund
Baroda BNP Paribas Mutual Fund has announced the launch of the Baroda BNP Paribas Energy Opportunities Fund, an open-ended equity scheme investing in energy companies.
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The new fund offer or NFO of the scheme will open for subscription from January 21 and close on February 4.
The scheme will be benchmarked against Nifty Energy TRI and managed by Sanjay Chawla and Sandeep Jain. The minimum investment amount is Rs 1,000 per application and in multiples of Re 1.
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The minimum amount for daily, weekly, and monthly SIP is Rs 500 and in multiples of Re 1 thereafter. For quarterly SIP, the minimum amount is Rs 1,500 and in multiples of Re 1 thereafter.
This scheme enables investors to benefit from the expanding energy sector, as India transitions from a developing to a developed economy, according to a release by the fund house.
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