NFO for ‘Baroda Pioneer Credit Opportunities Fund’ to close
on Jan 21
09/01/2015 11:03
Baroda Pioneer Mutual Fund has launched a new open ended debt scheme named “Baroda Pioneer Credit Opportunities Fund”. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on January 8 and will close on January 21. According to the offer document filed with SEBI, the entry load is nil and 1 per cent exit load will be charged if redeemed on or before 365 days from the date of allotment of units. 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, Dividend and Bonus option. The performance of the scheme will be benchmarked against CRISIL Short Term Bond Fund index. Alok Sahoo and Hetal Shah will be the fund managers of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate returns will be met by investing in a portfolio of Debt instruments of companies with long-term credit rating of less than AAA and debt instruments of companies having no long term rating, Debt instruments of companies with long-term credit rating of AAA and government securities and Money market instruments including CBLO and cash. Hence, the scheme will allocate 50 to 100 per cent of asset in Debt instruments of companies with long-term credit rating of less than AAA and debt instruments of companies having no long term rating, 0 to 35 per cent of asset in Debt instruments of companies with long-term credit rating of AAA and government securities and 5 to 50 per cent of asset in Money market instruments including CBLO and cash.
09/01/2015 11:03
Baroda Pioneer Mutual Fund has launched a new open ended debt scheme named “Baroda Pioneer Credit Opportunities Fund”. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on January 8 and will close on January 21. According to the offer document filed with SEBI, the entry load is nil and 1 per cent exit load will be charged if redeemed on or before 365 days from the date of allotment of units. 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, Dividend and Bonus option. The performance of the scheme will be benchmarked against CRISIL Short Term Bond Fund index. Alok Sahoo and Hetal Shah will be the fund managers of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate returns will be met by investing in a portfolio of Debt instruments of companies with long-term credit rating of less than AAA and debt instruments of companies having no long term rating, Debt instruments of companies with long-term credit rating of AAA and government securities and Money market instruments including CBLO and cash. Hence, the scheme will allocate 50 to 100 per cent of asset in Debt instruments of companies with long-term credit rating of less than AAA and debt instruments of companies having no long term rating, 0 to 35 per cent of asset in Debt instruments of companies with long-term credit rating of AAA and government securities and 5 to 50 per cent of asset in Money market instruments including CBLO and cash.
