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Baroda BNP Paribas Mutual Fund Launched Baroda BNP Paribas Manufacturing Fund

10 June 20246 mins read by Angel One
In the following article we shed light on the NFO's objectives, fund allocation, fund managers, and peer performance.
Baroda BNP Paribas Mutual Fund Launched Baroda BNP Paribas Manufacturing Fund
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Baroda BNP Paribas Manufacturing Fund is an open-ended equity scheme that invests in companies engaged in the manufacturing sector launched by Baroda BNP Paribas Mutual Fund. This scheme is suitable for investors seeking long-term capital appreciation through investments in equity and equity-related securities of manufacturing companies. The New Fund Offer (NFO) for this scheme opens on June 10, 2024 and closes on June 24, 2024. Units are offered at Rs 10 each during the NFO period, and thereafter at NAV-based prices.

Investment Objective

The investment objective of Baroda BNP Paribas Manufacturing Fund is to generate long-term capital appreciation from a portfolio invested predominantly in equity and equity-related securities of companies engaged in Manufacturing. The Scheme does not guarantee/indicate any returns. There is no assurance that the investment objective of the Scheme will be achieved.

This NFO of Baroda BNP Paribas Manufacturing Fund is suitable for investors who are seeking long-term capital appreciation. Investing in equity and equity-related securities of companies engaged in manufacturing theme.

Risk-o-meter:

Funds Allocation

Types of Instruments Minimum Allocation (% of Net Assets) Maximum Allocation (% of Net Assets)
Equity and equity related instruments of companies having manufacturing theme 80 100
Other Equity and equity related instruments of companies other than having manufacturing theme 0 20
Debt & Money Market instruments 0 20
Units of Mutual Funds (Domestic Schemes) 0 10
Units issued by REITs & InvITs 0 10

Benchmark

The performance of the Baroda BNP Paribas Manufacturing Fund will be benchmarked to the performance of Nifty India Manufacturing TRI.

Fund Managers

Mr. Jitendra Sriram is a seasoned professional in the finance industry, currently serving as a Senior Fund Manager with an extensive background in managing equity funds. He holds an MBA in Finance and a BE in Electrical & Electronics Engineering, and boasts a career spanning 26 years. Throughout his career, he has held significant positions at esteemed organizations such as Prabhudas Lilladher Portfolio Management Services, Max Life Insurance Company Private Limited, HSBC Securities & Capital Markets (India) Private Limited, and HSBC Asset Management (India) Private Limited, showcasing his adeptness in fund management and equity markets.

Mr. Jitendra Sriram has an overall experience of 26 years.

Mr. Miten Vora is a dynamic Senior Analyst & Fund Manager specializing in equity and dedicated overseas investment, currently contributing his expertise to fund management. With a PGDM in Finance from the Institute of Chartered Financial Analysts of India, Hyderabad, and a B. Com, he brings over 14 years of rich experience to the table. His professional journey includes notable roles at Canara HSBC Oriental Life Insurance, BNP Paribas Asset Management India Private Limited, IDBI Asset Management Company, and Antique Stock Broking Limited, reflecting his proficiency in financial analysis and investment management.

Mr. Miten Vora has an overall experience of more than 14 years

Peer Mutual Fund Schemes 

Scheme Name AUM (Crore) Expense Ratio (%) 1 Year Returns (%) Since Launch Ret (%)
ICICI Pru Manufacturing Fund  3882.89 1.9 65.05 24.03
Kotak Manufacture in India Fund 1933.15 2.02 50.09 29.11
ABSL Mfg Equity  950.24 2.33 47.44 12.67
quant Manufacturing Fund  651.73 2.32 58.93
Axis India Manufacturing 4683.25 1.83 31
Canara Robeco Manufacturing 1241.89 2.1 18.46
Category Average 54.19 25.33
NIFTY 500 TRI 35.85 12.67

Data as of June 7, 2024

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.

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