Baroda BNP Paribas Mutual Fund launches Baroda BNP Paribas Nifty Bank ETF

by NEWS TEAM | on May 31, 2024

NFO period: 31st May – 14th June, 2024

Highlights of the NFO:

  • Scheme type – An open-ended scheme replicating / tracking the Nifty Bank Total Returns Index

  • Investment objective – The investment objective of the scheme is to provide investment returns closely corresponding to the total returns of the securities as represented by the Nifty Bank Total Returns Index before expenses, subject to tracking errors, fees and expenses. However, there is no assurance that the objective of the scheme will be realized, and the scheme does not assure or guarantee any returns.

  • Product suitability – This product is suitable for investors who are seeking long term capital appreciation. An exchange traded fund that aims to provide returns that closely correspond to the returns provided by Nifty Bank Index, subject to tracking error.

  • Minimum Application Amount – First investment is Rs. 5,000/- and in multiples of Rs. 1/- thereafter

  • Plan/ Options available – Currently, there are no investment Plans/Options being offered under the scheme.

  • Fund Managers – Mr. Neeraj Saxena

  • Benchmark – Nifty Bank Total Returns Index

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)