Baroda Pioneer Banking and Financial Services Fund files offer document with Sebi
Baroda Pioneer Mutual Fund files offer document with Sebi to launch Baroda Pioneer Banking and Financial Services Fund, an open ended sectoral scheme. The New Fund Offer price is Rs 10 per unit.
Investment objective: The investment objective is to generate long-term capital appreciation for unit holders from a portfolio invested predominantly in equity and equity related securities of companies engaged in the Banking & Financial Services Sector.
Options offered: Growth Option and Dividend Option, with two sub-options, Dividend Payout and Dividend Reinvestment.
Benchmark: CNX Bank Index
Loads: Entry Load: Nil
Exit Load: 1.00% if redeemed on or before 365 days from the date of allotment of units and nil, if redeemed after 365 days from the date of allotment of units
Minimum Application Amount: Rs. 5,000 and in multiples of Re.1 thereafter
Minimum Target Amount: Rs. one crore
Asset Allocation: The scheme will invest 70%-100% in equity & equity related securities of companies engaged in banking & financial services sector. The scheme shall also invest upto 30% in debt and money market instruments. Investment in derivatives may be made upto 50% of the net assets of the scheme. The scheme will not invest in securitised debt
Fund Manager: Mr. Dipak Acharya, Fund Manager- Equity
Powered by Capital Market - Live News