iStockBaroda BNP Paribas Manufacturing Fund through its NFO has collected around Rs 1,370 crore from investors. The new fund offer or NFO was open for subscription from June 10 to June 24.
The fund received response from across the nation, indicating strong investor appetite to participate in India’s growth story, said the press release.
The fund seeks to provide investors with an opportunity to capitalise on the growth potential of India’s burgeoning manufacturing sector. The fund aims to offer focused exposure to manufacturing companies poised to benefit from the Indian government's initiatives aimed at bolstering the manufacturing sector for both domestic and global markets.
"The strong response to the Baroda BNP Paribas Manufacturing Fund demonstrates investors' confidence in India's growth story." The fund received subscriptions from around 50,000 investors across India. Investors from 8,100 pin codes have joined the Baroda BNP Paribas family with this new fund offering,” said Suresh Soni, CEO of Baroda BNP Paribas Mutual Fund.
The Baroda BNP Paribas Manufacturing Fund is poised to play a pivotal role in facilitating investor participation in India's journey towards becoming a manufacturing powerhouse. With its strategic focus and the expertise of its management team, the fund aims to deliver sustainable growth and returns to its investors over the long term.
The scheme will be benchmarked against Nifty India Manufacturing TRI. The scheme is managed by Jitendra Sriram.
The minimum investment amount for lumpsum investment is Rs 1,000 and in multiples of Re 1 thereafter. For SIP, the minimum application amount is Rs 500 and in multiples of Re 1 thereafter.
The fund offers regular and direct plans with both growth and IDCW options. The exit load will be nil if units of the scheme are redeemed or switched out up to 10% of the units within 1 year from the date of allotment. An exit load of 1% will be applicable if units of the scheme are redeemed or switched out in excess of the limit within 1 year from the date of allotment. No exit load will be applicable if units of scheme are redeemed or switched out after 1 year from the date of allotment.
The scheme invests 80-100% in equity and equity related instruments of companies having manufacturing theme, 0-20% in other equity and equity related instruments of companies other than having manufacturing theme, 0-20% in debt and money market instruments, 0-10% in units of mutual funds, and 0-10% in units issued by REITs and InvITs.
The fund is suitable for investors who are seeking growth opportunities with focused exposure to promising manufacturing companies.
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The fund seeks to provide investors with an opportunity to capitalise on the growth potential of India’s burgeoning manufacturing sector. The fund aims to offer focused exposure to manufacturing companies poised to benefit from the Indian government's initiatives aimed at bolstering the manufacturing sector for both domestic and global markets.
"The strong response to the Baroda BNP Paribas Manufacturing Fund demonstrates investors' confidence in India's growth story." The fund received subscriptions from around 50,000 investors across India. Investors from 8,100 pin codes have joined the Baroda BNP Paribas family with this new fund offering,” said Suresh Soni, CEO of Baroda BNP Paribas Mutual Fund.
The Baroda BNP Paribas Manufacturing Fund is poised to play a pivotal role in facilitating investor participation in India's journey towards becoming a manufacturing powerhouse. With its strategic focus and the expertise of its management team, the fund aims to deliver sustainable growth and returns to its investors over the long term.
The scheme will be benchmarked against Nifty India Manufacturing TRI. The scheme is managed by Jitendra Sriram.
The minimum investment amount for lumpsum investment is Rs 1,000 and in multiples of Re 1 thereafter. For SIP, the minimum application amount is Rs 500 and in multiples of Re 1 thereafter.
The fund offers regular and direct plans with both growth and IDCW options. The exit load will be nil if units of the scheme are redeemed or switched out up to 10% of the units within 1 year from the date of allotment. An exit load of 1% will be applicable if units of the scheme are redeemed or switched out in excess of the limit within 1 year from the date of allotment. No exit load will be applicable if units of scheme are redeemed or switched out after 1 year from the date of allotment.
The scheme invests 80-100% in equity and equity related instruments of companies having manufacturing theme, 0-20% in other equity and equity related instruments of companies other than having manufacturing theme, 0-20% in debt and money market instruments, 0-10% in units of mutual funds, and 0-10% in units issued by REITs and InvITs.
The fund is suitable for investors who are seeking growth opportunities with focused exposure to promising manufacturing companies.
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