MUTUAL FUNDS
Baroda MF introduces Banking and PSU Bond Fund
Nov-27-2020

Baroda Mutual Fund (MF) has launched the Baroda Banking and PSU Bond Fund, an open-ended debt scheme predominantly investing in debt instruments of banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds. The NFO opens for subscription on November 27, 2020, and closes on December 10, 2020. The Entry load and the Exit load will be not applicable for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Re 1 thereafter.

The performance of the Scheme will be benchmarked against to the Nifty Banking & PSU Low Duration Bond index and its fund managers are Alok Sahoo, Karn Kumar and Hetal Shah.

The investment objective of the scheme seeks 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.

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