BNP Paribas MF launches Government Securities Fund

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BNP Paribas MF launches Government Securities Fund
BNP Paribas Mutual Fund has unveiled a new fund named as BNP Paribas Government Securities Fund, an open ended debt scheme.

The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 18 April and will close on 29 April 2013.

Investment Objective:

The objective of the scheme is to seek to generate income and capital appreciation by investing in a portfolio of government securities of various maturities issued by Central & State Government. However, there can be no assurance that the investment objective of the scheme will be achieved. The scheme does not guarantee/indicate any returns.

Application Amount:

Lumpsum investment: 5,000 and in multiples of 1 thereafter.
SIP: 500 and in multiples of 1 thereafter.

Investment Option:

Growth option
Dividend option

Systematic Withdrawal Plan:

Fixed Systematic Withdrawal Facility & Capital Appreciation Systematic Withdrawal Facility

Redemption: Within 10 business days of receiving the redemption request at the Official Point of Acceptance of Transactions of the Registrar and the AMC. However, under normal circumstances, the Mutual Fund will endeavour to dispatch the redemption proceeds within three business days from the acceptance of the redemption request.

Read more about: bnp paribas, mutual funds
Story first published: Saturday, April 13, 2013, 13:46 [IST]
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