MUTUAL FUNDS
Baroda Mutual Fund files offer document for Banking & PSU Bond Fund
Aug-20-2019

Baroda Mutual Fund has filed offer document with SEBI to launch open ended equity scheme named ‘Baroda Banking & PSU Bond Fund'. The New Fund Offer price is Rs 10 per unit. Entry load and Exit load will be nil. The scheme offers growth and dividend option and seeks to collect a Minimum Target Amount of Rs 20 crore.

The performance of the scheme will be benchmarked by CRISIL Short Term Bond Fund Index. The minimum application amount for initial purchase is Rs 5,000 and Re 1 thereafter.

The investment objective of the scheme is to provide regular income through a portfolio of debt and money market instruments consisting predominantly of securities issued by entities such as Banks, Public Sector Undertakings (PSUs), Public Financial Institutions and Municipal Bonds.

  RELATED NEWS >>