BNP Paribas MF Launches 368 Days Fixed Term Fund

Posted By:

BNP Paribas MF Launches 368 Days Fixed Term Fund
BNP Paribas Mutual Fund has launched a new fund named as BNP Paribas Fixed Term Fund - Series 23 E, a close ended debt scheme with the duration of 368 days from the date of allotment of units.

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 20 crore under the scheme during the NFO period.

Allotment of investment:
The scheme would allocate up to 50% of assets in debt instruments with low to medium risk profile. On the other side it would allocate 50% to 100% of assets in money market instruments with low to medium risk profile.
95% 100% of net assets would be invested in A1+ rated certificate of deposits.

For more information visit:

Basic Details:
NFO Price: Rs 10 per unit
NFO Opens: May 4, 2012
NFO Closes: May 9, 2012
Options: Growth and Dividend Payout
Benchmark: Crisil Short Term Bond Fund Index.
Minimum Application Amount: Rs 5,000 and in multiples of Rs 10 thereafter.
Exit Load: NIL
Manager: Mr. Puneet Pal.

Read more about: mutual funds, bnp paribas
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Thousands of Goodreturn readers receive our evening newsletter.
Have you subscribed?