Baroda BNP Paribas Mutual Fund launches Baroda BNP Paribas Manufacturing Fund

Baroda BNP Paribas Mutual Fund released the Baroda BNP Paribas Manufacturing Fund, an open-ended equity scheme focusing mainly on investments in manufacturing sectors.

The program was made available for public registration on June 10, 2024 and will end on June 24. The program will resume accepting buy and sell requests within five business days after the allotment date.

The plan will be compared to the Nifty India Manufacturing TRI for evaluation. Jitendra Sriram will oversee the scheme.

The minimum amount required for a lumpsum investment is Rs 1,000, with increments of Re 1 for additional investments. The minimum amount required for SIP is Rs 500, with increments of Re 1 thereafter.

The fund will provide options for both growth and IDCW in regular and direct plans. There will be no exit load if units of the scheme are withdrawn or transferred up to 10% of the units within 1 year from the date of allotment. A 1% exit load will be charged if units of the scheme are redeemed or switched out above the limit within 1 year from the date of allotment. Cancellation charge is not available if parts of the plan are purchased or exchanged after 1 year from the date of offer.

The strategy aims to invest 80-100% of its assets in stocks and related instruments of companies focused on manufacturing, with the remaining 0-20% in other stocks and related instruments of companies not focused on manufacturing. Moreover, a portion of 0-20% of the investment will go towards debt and money market instruments, while 0-10% will be allocated to mutual fund units, and another 0-10% will be put into units from REITs and InvITs.

The portfolio looks to invest in companies that are involved in manufacturing, plan to boost domestic manufacturing to reduce imports, export products made in India, invest in new manufacturing infrastructures, promote new technology solutions, provide services related to manufacturing, and are listed in India with manufacturing facilities in other countries or vice versa, as stated in the press release.

We are excited to introduce the Baroda BNP Paribas Manufacturing Fund. Suresh Soni, CEO of Baroda BNP Paribas Mutual Fund, stated that the program provides an attractive investment opportunity due to the manufacturing industry's expected long-term growth driven by increased consumption, investments, exports, shifting geopolitical dynamics, and favorable government policies.

The investment is appropriate for individuals looking for potential growth in specific manufacturing companies.

FAQs

Q. What is the old name of Baroda BNP Paribas Mutual Fund?

A. Further, Baroda MF shall be renamed as ''Baroda BNP Paribas Mutual Fund'', with the Surviving AMC acting as the asset management company of the Surviving MF and the Surviving TC acting as the trustee of the Surviving MF.

Q. What is the new name of Baroda mutual fund?

A. Baroda BNP Paribas Mutual Fund has launched Baroda BNP Paribas Manufacturing Fund, an open-ended equity scheme predominantly investing in manufacturing themes. The scheme will be benchmarked against Nifty India Manufacturing TRI. The scheme will be managed by Jitendra Sriram.

Q. What is the performance of Baroda BNP Paribas Mutual Fund?

A. Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 23.69% & 22.37%. The Baroda BNP Paribas Multi Cap Fund comes under the Equity category of Baroda BNP Paribas Mutual Funds.

Q. Who is the owner of Baroda BNP Paribas?

A. Presently, BOB is an Indian state-owned entity in the banking and financial services sector. As on March 31, 2022, the government owned 63.97% of its outstanding share capital.

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