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BNP Paribas MF launches 369 days fund

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
Story first published: Thursday, August 25, 2011, 13:53 [IST]
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