Baroda Pioneer Mutual Fund has filed offer document with Securities and Exchange Board of India (SEBI) to launch Baroda Pioneer 90 Days Fixed Maturity Plan - Series 5&6, Baroda Pioneer 180 Days Fixed Maturity Plan - Series 1&2, Baroda Pioneer 367 Days Fixed Maturity Plan - Series 3&4. It is a close-ended debt scheme. The face value of the new issues will be Rs 10 per unit.
Investment objective: The investment objective of each Scheme is to generate regular returns by investing in a portfolio comprising of Debt Instruments and Money Market Instruments maturing on or before the maturity of the Scheme.
Options: The schemes shall offer Growth and Dividend payout options.
Minimum Application Amount: The minimum investment amount is Rs 5000 and in multiples of Rs 1 thereafter.
Minimum Target Amount: The fund seeks to collect a minimum corpus of Rs 1 crore during NFO period under each scheme.
Asset Allocation: The schemes will invest its entire corpus in domestic debt instruments and money market instruments. The schemes will not invest in securitized debt.
Loads: Nil
Benchmark: The benchmark index will be CRISIL Liquid Fund Index for Baroda Pioneer 90 Days Fixed Maturity Plan - Series 5&6 and CRISIL Short Term Bond Fund Index for Baroda Pioneer 180 Days Fixed Maturity Plan - Series 1&2 and Baroda Pioneer 367 Days Fixed Maturity Plan - Series 3&4.
Fund Managers: Alok Sahoo and Hetal Shah will manage the investments under the schemes.
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