Baroda BNP Paribas Fixed Maturity Plan Series 2 NFO: Everything you need to know

19 Jun 2023 , 10:12 AM

Baroda BNP Paribas Mutual Fund is launching NFO under its “income fund category”, named as Baroda BNP Paribas Fixed Maturity Plan Series 2. This close ended fund seeks to achieve growth of capital through investments made in a basket of fixed income securities maturing on or before the maturity of the Scheme (189 days).

Investment strategy: The Scheme is close ended fund and aims to generate risk-adjusted returns by investing in various debt and money market instruments.

Asset allocation: The Scheme would invest in money market and fixed income securities with relatively low interest rate risk and moderate credit risk.

Who should invest?

Investors with low to moderate risk appetite should invest in the fund for duration of 189 days. 

Risk associated: Moderate level of risk.

Benchmark: Nifty Low Duration Debt B-I Index.

Fund Managers: Mr Mayank Prakash.

The NFO is available for subscription from June 19 to June 21. The minimum subscription amount is Rs 5000/- and in multiples of any amount thereafter. 

It offers Regular Plan and Direct Plan. Each plan offers Growth and Income options. Click here to invest in Baroda BNP Paribas Fixed Maturity Plan Series 2.