BNP Paribas MF Launches 368 Days Fixed Term Fund

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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
Story first published: Wednesday, May 9, 2012, 11:26 [IST]
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