Baroda Money Market Fund: New Fund Offer (NFO) of Baroda Mutual Fund is being issued from 16-January-2019 to 22-January-2019.
According to the Baroda Mutual Fund, this scheme is suitable for investors who are seeking:-
- Regular Income over short-term
- Investments in money-market instruments having maturity up to 1 year.
About Baroda Money Market Fund New Fund Offer (NFO)
| Name of the Scheme | Baroda Money Market Fund |
|---|---|
| Fund House | Baroda Mutual Fund |
| Scheme Type | Open-Ended |
| Scheme Category | Debt Fund |
| Plans | Direct and Regular, both have Growth and Dividend Options |
| Issue Starts | 16-January-2019 |
| Issue Closes | 22-January-2019 |
| NFO Unit Price | Rs 1,000 Per Unit |
| Minimum Investment | Rs 5,000 |
| Entry Load | N/A |
| Exit Load | Nil |
| Investment Manager | Baroda Asset Management India Limited (Formerly known as Baroda Pioneer Asset Management Company Limited) |
(Read: NFO: New Fund Offer of Mutual Funds)
Investment Objectives
According to the fund house, the investment objectives of the scheme is as follows:-
The primary objective of the Scheme is to provide reasonable returns, commensurate with low risk while providing a high level of liquidity, through investments made in money market instruments.
Proposed Asset Allocation
| Instruments | Indicative allocations (% of total assets) |
Risk Profile | |
|---|---|---|---|
| Minimum | Maximum | High/ Medium/ Low | |
| Money Market instruments | 0 | 100 | Low to Medium |
- The Scheme will not have any exposure to debt derivatives, securitized debt, REITs and INViTs and Foreign Securities.
- The Scheme will invest in debt instruments of varying ratings including unrated debt securities.
(Read: Mutual Funds in India: What and How to Invest)
About Baroda Mutual Fund
Baroda Mutual Fund is promoted by Bank of Baroda, a leading public sector bank of India which is headquartered in Vadodara, Gujarat. The investment manager of this mutual fund, Baroda Asset Management Limited, is a wholly owned subsidiary of Bank of Baroda. This company was named earlier as Baroda Pioneer Asset Management Company Ltd. in which 51% stake was owned by Pioneer Global Asset Management SpA. In September 2018, Bank of Baroda acquired the entire shareholding and the company was renamed as Baroda Asset Management India Limited.
As in November 2018, the Asset Under Management (AUM) of the company is Rs. 12,159 crores.
Registered Address: 501, Titanium, 5th Floor Western Express Highway, Goregaon (E), Mumbai – 400 063 Website: www.barodamf.com
Please click here to read the scheme related document.
Disclaimer: This post is just an information about the scheme. It does not give any advice or recommendation. Mutual Fund investments are subject to market risk. Please read the offer document carefully before investing. It is also advised to consult your financial advisor of necessary suggestions.
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Tags: #NFO #Mutual Fund #Baroda Mutual Fund #Baroda NFO #New Fund Offer
