Baroda BNP Paribas AMC announces change in IDCW option of Floater Fund

Baroda BNP Paribas Asset Management Company (AMC) has published addendum to the Scheme Information Document (SID) and Key Information Memorandum (KIM) of Baroda BNP Paribas Floater Fund.

As per the addendum, Baroda BNP Paribas Mutual Fund has informed that the board of AMC and Trustee Company have accorded their approval for change in nomenclature of Income Distribution Cum Capital Withdrawal (IDCW) Option to Weekly IDCW Option and accordingly have set the frequency of distribution under IDCW Option to weekly. Such change shall come into effect from June 01, 2023. 

Accordingly, the Revised Option nomenclature for Regular IDCW will be Regular Weekly IDCW and for Direct IDCW will be Direct Weekly IDCW. Moreover, the Record date for Weekly IDCW will be Every Monday (or the next business day, if Monday is not a business day).

Both Regular Weekly IDCW and Direct Weekly IDCW Option offer IDCW Payout and IDCW Reinvestment facility. Further, in case the amount of distribution payable for the week under the Weekly IDCW Option is less than Rs 20,000 at a folio level, automatic reinvestment will take place.

All other features, terms and conditions pertaining to the Scheme shall remain unchanged. Note: This Notice cum addendum forms an integral part of the SID & KIM of the Scheme read with the addenda issued thereunder. All other terms and conditions mentioned in the SID & KIM remain unchanged.