NFO for ‘Baroda Pioneer Equity Trigger Fund-Series I’ to close on Dec
19
08/12/2014 11:10
Baroda Pioneer Mutual Fund has launched a new close ended equity scheme named “Baroda Pioneer Equity Trigger Fund-Series I”. The maturity period of scheme will be either 3 years from the date of allotment or the NAV of the Growth option in the Plan B (Direct) of the scheme crosses Rs 15 per unit (“Trigger”/ “Trigger level”) within the 3 year period, whichever occurs earlier. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on December 05 and will close on December 19. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Growth and Dividend Payout option. The performance of the scheme will be benchmarked against S&P BSE Mid-cap index. Dipak Acharya will be the fund manager of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to provide capital appreciation will be met by investing in a portfolio of equity & equity related instruments and debt, money market instruments & cash. Hence, the scheme will allocate 80 to 100 per cent of asset in equity & equity related instruments and 0 to 20 per cent of asset in debt, money market instruments & cash.
08/12/2014 11:10
Baroda Pioneer Mutual Fund has launched a new close ended equity scheme named “Baroda Pioneer Equity Trigger Fund-Series I”. The maturity period of scheme will be either 3 years from the date of allotment or the NAV of the Growth option in the Plan B (Direct) of the scheme crosses Rs 15 per unit (“Trigger”/ “Trigger level”) within the 3 year period, whichever occurs earlier. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on December 05 and will close on December 19. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Growth and Dividend Payout option. The performance of the scheme will be benchmarked against S&P BSE Mid-cap index. Dipak Acharya will be the fund manager of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to provide capital appreciation will be met by investing in a portfolio of equity & equity related instruments and debt, money market instruments & cash. Hence, the scheme will allocate 80 to 100 per cent of asset in equity & equity related instruments and 0 to 20 per cent of asset in debt, money market instruments & cash.
