Baroda BNP Paribas Mutual Fund has launched an open-ended index fund, Baroda BNP Paribas Nifty 50 Index Fund, which aims to provide investment returns that closely track those of the Nifty 50 Total Returns Index. The new fund offer (NFO) is open for subscription from January 8, 2024, to January 22, 2024, with a minimum subscription amount of Rs 5,000.
Investment Objective
The investment objective of the scheme is to provide investment returns closely corresponding to the total returns of the securities as represented by the Nifty 50 Total Returns Index before expenses, subject to tracking errors, fees and expenses.
Asset Allocation
| Instrument | Minimum | Maximum | Risk Profile |
| Securities covered by Nifty50 Equal Weight Index | 95 | 100 | Medium to High |
| Government Securities including Triparty Repo, and units of liquid mutual fund | 0 | 5 | Low to Medium |
Fund manager
Neeraj Saxena (Fund Manager and Dealer Equity), Age – 46 years, Experience – 20 years
Benchmark – NIFTY 50 Total Return Index
The Nifty 50 index comprises 50 of the largest and most liquid Indian Blue-Chip companies listed on the National Stock Exchange (NSE) and covers major sectors of the Indian economy offering investment managers exposure to the Indian market in one efficient portfolio.
Index Performance
| Performance | 1 month | 3 months | 6 months | 1 year | 3 years | 5 years | 10 years |
| Nifty 50 TRI | 5.60% | 4.80% | 9.30% | 8.50% | 17.20% | 14.50% | 13.90% |
| S&P BSE Sensex TRI | 5.00% | 3.50% | 7.80% | 7.60% | 16.30% | 14.50% | 13.90% |
| S&P BSE Sensex 50 TRI | 5.60% | 4.60% | 9.20% | 8.30% | 17.40% | 14.60% | 14.30% |
Here are key findings from an analysis of the daily rolling 7-year returns of the NIFTY 50 TR Index:
| Nifty 50 TRI | 7 Year Rolling Returns |
| Average | 11.70% |
| Median | 11.70% |
| Minimum | 5.00% |
| Maximum | 18.70% |
| Returns Range | % of observations |
| Negative | 0% |
| 0% to 10% | 26% |
| >10% to 15% | 69% |
| >15% to 20% | 5% |
| >20% | 0% |
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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