Baroda BNP Paribas Mutual Fund launches Nifty 50 index fund
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©Reuters. MUMBAI – Vadodara BNP Paribas Mutual Fund has announced the launch of a new open-ended scheme: Vadodara BNP Paribas Index Fund. The fund aims to mirror the performance of the NIFTY 50 Total Return Index, providing investors with the opportunity to invest in the collective performance of the top 50 companies on the National Stock Exchange of India.
Investors wishing to participate in the fund can start with an initial investment of Rs 5,000. The fund aims to provide returns consistent with the NIFTY 50 TR Index, taking into account fees. To encourage long-term holding, the fund imposes a nominal exit load of 0.2% on redemptions within one month of the distribution date.
The New Fund Offering (NFO) of Baroda BNP Paribas Nifty 50 Index Fund is now open and will remain open to investors till the subscription window closes on January 22, 2024.
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