Baroda BNP Paribas Mutual Fund has announced the launch of Baroda BNP Paribas Multi Asset Fund, an open ended scheme investing in Equity, Debt and Gold ETFs. The NFO invests in a combination of equity, fixed income and gold ETFs and has opening and closing dates of November 28, 2022 and December 12, 2022. Baroda BNP Paribas Multi Asset Fund will be benchmarked against a customized index comprising 65% of Nifty. 20% of the 500 TRI + Nifty Composite Debt Index and 15% of the INR value of gold. Rupee. 5,000 is the minimum application amount for the fund, and further contributions are in multiples of Rs. 1.
Mr. Jitendra Sriram (25+ years of experience) and Mr. Vikram Pamnani (12+ years of experience) have managed the fund keeping in view the investment objective to achieve long term capital growth by investing in allocation to equity between 65-80% Will manage Up to 10% in units of REITs and INVITs as well as %, fixed income and gold ETFs at 10-25% each.
“Baroda BNP Paribas Multi Asset Fund provides investors with an exposure to an offering that is well diversified across asset classes. Suresh Soni, CEO, Baroda BNP Paribas Mutual Fund, said, “It is a good investment option for first time and experienced investors as it saves the hassle of investing in multiple strategies, tracking and maintaining investments. It is also suitable for experienced investors looking for asset class diversification and portfolio diversification with allocation to gold.”
Baroda BNP Paribas Mutual Fund said in a statement that “The fund aims to follow a multi cap investment approach backed by strong research, holding approximately 45-55 stocks, with a diversified allocation across sectors. While investing in fixed income The Fund seeks to invest in a high-quality portfolio of debt and money market instruments to generate income with relatively low credit risks. The Fund will seek exposure to gold through investments in Gold ETFs.”
Launching Baroda BNP Paribas Multi Asset Fund, the fund house said, “While the asset classes in which the fund invests have low correlation with each other, the fund aims to create an all-rounder portfolio comprising of Have the ability to perform across market cycles. Also, having a single portfolio saves you the operational hassles of investing in these assets individually and managing and tracking multiple portfolios. Thus, this fund allows you to simultaneously Helps leverage multiple asset classes and aims to generate superior risk-adjusted returns across market cycles.”
The Joint Venture AMC between Bank of Baroda and BNP Paribas Asset Management, a subsidiary of BNP Paribas Group, is responsible for the management of Baroda BNP Paribas Mutual Fund. Across the categories of Equity, Hybrid, Debt and Global Fund of Funds, Baroda BNP Paribas Mutual Fund offers 28 plans.
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