Baroda BNP Paribas Innovation Fund NFO: Essential details you need to know

16 Feb 2024 , 08:47 AM

Baroda BNP Paribas Mutual Fund is launching NFO under its “sector category”, named as Baroda BNP Paribas Innovation Fund. The investment objective of the scheme is to seek long term capital appreciation by investing at least 80% of its net assets in equity/equity related instruments of companies focusing and benefitting from innovation..

Investment strategy: Bring a change or disrupt industries or market structures or value networks or gain market share from conventional incumbents, by offering an alternative solution to existing products, services, processes; or be a part of an industry or business experiencing favourable shifts in demand curve on account of any disruption / innovation.

Asset allocation: The scheme is actively managed and intends to invest atleast 80% of its net assets in equity/equity related instruments of companies focusing and benefitting from innovation.

Who should invest?

Investors with very high risk appetite and want to invest for 5 to 7 years to diversify their portfolio in companies focusing and benefitting from innovation should invest in Baroda BNP Paribas Innovation Fund.

Risk associated: Very high level of risk.

Benchmark: –Nifty 500 TRI

Fund Managers: Mr. Pratish Krishnan and Mr. Miten Vora

The NFO is available for subscription from February 14 to February 28. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment. The fund offers systematic investment solutions like SIP and SWP to create a flexible investment plan. The minimum subscription amount is ₹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 Innovation Fund.