Baroda BNP Paribas Mutual Fund to Launch Baroda BNP Paribas Children’s Fund

Baroda BNP Paribas Mutual Fund is to launch its new equity-oriented scheme, Baroda BNP Paribas Children’s Fund, designed to help investors generate long-term capital growth. The open-ended fund will primarily invest in a diversified portfolio of equity and equity-related instruments.

Details of the Fund

The issue will open for subscription on December 6, 2024, and close on December 20, 2024. Investors can choose between two plan options, Growth and IDCW (Income Distribution cum Capital Withdrawal). The minimum investment required to participate in the fund is ₹1,000.

The scheme falls under the Flexi Cap equity category, offering flexibility to invest across market capitalizations. It comes with a 5-year lock-in period.

Exit Load & Risk Rating

An exit load of 1% will be charged for redemptions made within a year. The fund has been classified as “Very High” on the Riskometer, emphasizing the need for risk-tolerant investors to evaluate their objectives before investing. The fund’s performance will be benchmarked against the NIFTY 500 TRI, providing a broad market comparison.

Additional Information

The asset management company behind the scheme is Baroda BNP Paribas Asset Management India Private Ltd., based in Mumbai. KFin Technologies Ltd. has been appointed as the Registrar and Transfer Agent, handling investor queries and operations. The fund will be managed by Pratish Krishnan, a finance professional with over two decades of research and analysis expertise. 

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.