Baroda Pioneer MFuity Trigger Fund - Series I - NFO

Baroda Pioneer Mutual Fund (MF) nveiled a new fund named as Baroda Pioneer Equity Trigger Fund - Series I, a close ended equity scheme.

The New Fund Offer (NFO) price for the scheme is Rs.10 per unit.

The new issue will be open for subscription from  December 5 and close on  December 19, 2014.

The investment objective of the scheme is to provide capital appreciation by investing in a well-diversified portfolio of equity and equity related securities predominantly of mid-cap and small cap companies.

The scheme offers growth & dividend payout options under both Plan A & Plan B (direct).

The scheme shall invest 80 % to 100 % in equity and equity related instruments* with medium to high risk profile & up to 20 % in debt, money market instruments and cash with low to medium risk profile.

* Of which:
(1) Investment in mid-caps can be between 65% - 100% (High risk);
(2) Investment in small-caps can be between 0% - 15% (High risk);
(3) Investment in large-caps can be between 0% - 15% (Medium risk); and
(4) Investment in equity derivatives can be upto 50% of the net assets of the Scheme.

The minimum application amount is Rs. 5,000.

Entry & exit load charge will be not applicable.

The units of the scheme will be listed on NSE in order to provide liquidity.

Benchmark Index for the scheme is S&P BSE Mid-cap index.

The fund manager of the scheme will be Mr. Dipak Acharya.

Share: