Baroda Pioneer 380 Day Fixed Maturity plan – Series 1 : New Fund Offer (NFO)

by khalid on 12/03/2011 · 0 comments

Baroda Pioneer Mutual Fund AMC has launched a New Fund Offer (NFO) named as Baroda Pioneer 380 Day Fixed Maturity plan – Series 1, a close ended income scheme. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit and the minimum required investment is Rs. 5000 and multiples of Rs 1 thereafter. The new issue will be open for subscription from 9th March and close on 14th March 2011.

The objective of the scheme would be 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.

The scheme would allocate up to 100% of assets in Government of India dated Securities and Treasury Bills, PSU & Corporate Bonds/Debt Instruments, Money Market Instruments. Exposure to securitized debt may be to the extent of 40% of the net assets.

Maturity date of the scheme would be 380 days from the date of allotment of units and you can redeem the fund at the maturity period.

Entry load charge as well as exit load charge will be nil for the scheme. The exit load is not applicable since the scheme will be listed on National Stock Exchange.

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 1 crore under the scheme during the NFO period.
Benchmark Index for the scheme is CRISIL Short Term Bond Fund Index.

For Further Details Please Visit Website : www.barodapioneer.in

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