Baroda BNP Paribas Mutual Fund Announces Income Distribution Under IDCW Option

Baroda BNP Paribas Mutual Fund has declared income distribution under the Income Distribution cum Capital Withdrawal (IDCW) option for its hybrid fund. This announcement provides unit holders with the specifics regarding the payout and record date.

Distribution Details

Under the IDCW option, the Baroda BNP Paribas Aggressive Hybrid Direct-IDCW will distribute ₹0.15 per unit, while the Baroda BNP Paribas Aggressive Hybrid Reg-IDCW will offer ₹0.13 per unit. These amounts apply to investors who hold units under the respective plans.

• Record Date: The income distribution will apply to unit holders whose names are registered as of December 27, 2024. Investors purchasing units after this date will not be eligible for the payout.
• Tax Implications: Dividends received under the IDCW option are taxable as per the investor’s income tax slab. It is recommended to consult a tax expert for personalised advice.
• Growth vs. IDCW Option: Investors can opt for either the IDCW or Growth option based on their financial preferences. While IDCW provides periodic income, the Growth option allows for reinvestment and compounding.

What is Income Distribution?

The Income Distribution cum Capital Withdrawal (IDCW) option allows mutual funds to distribute realised gains or surplus to unit holders. The distribution is determined based on the number of units held by investors as of the record date.

Investors are encouraged to stay updated about their holdings and ensure their investment decisions align with their financial objectives.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.