Baroda BNP Paribas NIFTY SDL December 2028 Index Fund NFO; Here’s all you need to know

14 Mar 2023 , 02:01 PM

Baroda BNP Paribas Mutual Fund is launching NFO under its “index fund category”, named as Baroda BNP Paribas NIFTY SDL December 2028 Index Fund. This open-ended fund will invest predominantly in the securities of NIFTY SDL December 2028 Index. However, there can be no assurance that the investment objective of the scheme would be achieved.

Investment strategy: The scheme is a target maturity index fund tracking the Nifty SDL December 2028 Index. The Scheme will be passively managed employing an investment strategy that tracks the performance of the underlying index, subject to tracking error.

Asset allocation: Baroda BNP Paribas NIFTY SDL December 2028 Index Fund seeks to provide income generation by investing in Debt Instruments comprising of Nifty SDL December 2028 Index with a Relatively High Interest Rate Risk and Relatively Low Credit Risk.

Who should invest?

Investors with high risk appetite and want to invest for 3 to 5 years in a mutual fund should invest in Baroda BNP Paribas NIFTY SDL December 2028 Index Fund. 

Risk associated: Moderate level of risk.

Benchmark: NIFTY SDL December 2028 Index.

Fund Managers: Mr. Rahul Baijal and Mr. Priya Ranjan.

The NFO is available for subscription from March 14 to March 21. 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 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 NIFTY SDL December 2028 Index Fund.