BNP Paribas MF launches 369 days fund

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BNP Paribas MF launches 369 days fund
BNP Paribas Mutual Fund has launched a new fund offer named as BNP Paribas Fixed Term Fund - Series 22 D on August 24, 2011. It"s a close-ended income scheme with duration of 369 days from the date of allotment.

Investment objective:
The investment objective of the scheme would be to achieve growth of capital through investments made in a basket of fixed income securities maturing on or before the maturity of the scheme.
The fund seeks to collect a minimum subscription amount of Rs 1 crore under the scheme during the NFO period.

The scheme will allocate 100% of assets in debt securities and money market instruments with low to medium risk profile.

Basic Details:
NFO Opens: August 24, 2011
NFO Closes: September 7, 2011
NFO Price: Rs.10 per unit
Options: Dividend Payout and Growth option
Minimum Application Amount: Rs 5,000 per application and additional Rs 10, thereafter
Exit Load: Nil
Benchmark: CRISIL Short Term Bond Fund Index
Fund Manager: Mr. Alok Singh

Read more about: mutual funds, bnp paribas, nfo
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