🔥 Premium AI-powered Stock Picks from InvestingPro Now up to 50% OffCLAIM SALE

Baroda BNP Paribas Mutual Fund introduces Nifty 50 Index Fund

EditorRachael Rajan
Published 2024/01/08, 19:46
© Reuters.

MUMBAI - Baroda BNP Paribas (OTC:BNPQY) Mutual Fund has announced the launch of a new open-ended scheme, the Baroda BNP Paribas Nifty 50 Index Fund. The fund is designed to mirror the performance of the NIFTY 50 Total Return Index, providing investors an opportunity to invest in the collective performance of the top 50 companies on the National Stock Exchange of India.

Investors looking to participate in the fund can start with an initial investment of Rs 5,000. The fund's objective is to deliver returns that are in line with the NIFTY 50 TR Index, accounting for expenses. To encourage longer-term holding, the fund imposes a nominal exit load of 0.2% for redemptions within one month from the date of allotment.

The New Fund Offer (NFO) for the Baroda BNP Paribas Nifty 50 Index Fund is currently open and will remain available to investors until the subscription window closes on January 22, 2024.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.