Mutual Fund NFO: Baroda BNP Paribas Retirement Fund starts subscription; know minimum investment and other details

Mutual Fund NFO: Baroda BNP Paribas on Wednesday (May 8, 2024) started subscription for its new fund. The fund, which is solution-oriented, will have the last day of its subscription on May 22, 2024.  

The retirement fund is open ended which offers direct and regular plans with growth and IDCW options to investors.

The very high risk scheme's objective is to generate income and capital appreciation by investing in a diversified portfolio of equity and equity related instruments and fixed income instruments with a view to provide a retirement solution to investors.

One can start investment in the fund with a minimum of Rs 1,000. 

The entry and exit loads in Baroda BNP Paribas Retirement Fund is nil. 

As per SEBI, 0.005% stamp duty will be levied on purchase of mutual funds, including lump sum, SIP, STP, and dividend reinvestment.

Pratish Krishnan, Mayank Prakash, and Miten Vora are the fund managers of the scheme.

Baroda BNP Paribas AMC has assets under management of Rs 32,266.82 crore.