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New fund offer: Baroda BNP Paribas Mutual Fund introduces Baroda BNP Paribas Dividend Yield
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4 min read | Updated on August 22, 2024, 20:39 IST
SUMMARY
Baroda BNP Paribas Dividend Yield Fund, an open-ended equity scheme, launched on August 22, 2024. The fund invests primarily in dividend-yielding equities, with a minimum investment of ₹1,000. The NFO closes on September 5, 2024. The scheme aims for medium to long-term capital appreciation with no guaranteed returns.
New fund offer: Baroda BNP Paribas Mutual Fund introduces Baroda BNP Paribas Dividend Yield – details inside
Baroda BNP Paribas Dividend Yield Fund opened on August 22, 2024, it is an open-ended equity scheme under Baroda BNP Paribas Mutual Fund. This scheme mainly invests in dividend yield equities as well as other related instruments for capital accumulation over medium to long-term duration. However, there are no assurances that the expected returns will be attained through this program. The minimum sum required for contribution is ₹1,000. The new fund offering closes on September 5, 2024.
Objective of Scheme: The investment objective of Baroda BNP Paribas Dividend Yield Fund is to provide medium to long-term appreciation by predominantly investing in a well-diversified portfolio of equity and equity-related instruments of dividend-yielding companies. There is no assurance that the investment objective of the Scheme will be achieved.
Risk-o-meter:
Funds Allocation (for both Schemes)
| Types of Instruments | Minimum Allocation (% of Net Assets) | Maximum Allocation (% of Net Assets) |
|---|---|---|
| Equity and Equity related Instruments of Dividend Yielding companies | 65 | 100 |
| Equity and Equity related instruments of any other company other than above | 0 | 35 |
| Units issued by REITs & INVITs | 0 | 10 |
| Debt & Money Market instruments and Fixed Income Derivatives | 0 | 35 |
| Units of Mutual Funds (Domestic Schemes) | 0 | 10 |
Who should invest in this fund?
This NFO of the Baroda BNP Paribas Dividend Yield Fund is suitable for investors who are seeking long-term capital appreciation and want to invest predominantly in equity and equity-related instruments of dividend-yielding companies.
Benchmark
The performance of the Baroda BNP Paribas Dividend Yield Fund will be benchmarked to the performance of the Nifty 500 TRI.
Peer Fund Schemes
| Scheme Name | AUM (Crore) | Expense Ratio (%) | 1 Year Returns (%) | 3 Years Returns (%) | 5 Years Returns (%) | 10 Years Returns (%) | YTD Ret (%) | Since Launch Ret (%) |
|---|---|---|---|---|---|---|---|---|
| LIC MF Dividend Yield Fund | 330.46 | 2.49 | 61.92 | 25.46 | 26.36 | - | 36.83 | 22.42 |
| ABSL Dividend Yield | 1561.84 | 2.2 | 55.2 | 26.57 | 26.63 | 14.49 | 25.72 | 19.72 |
| ICICI Pru Dividend Yield Equity | 4642.11 | 1.85 | 54.35 | 29.46 | 28.32 | 16.35 | 28.26 | 17.44 |
| UTI Dividend Yield | 4371.4 | 1.97 | 54.13 | 21.71 | 24.64 | 15.25 | 32.24 | 16.27 |
| Templeton India Equity Income | 2510.47 | 2.07 | 53.57 | 25.65 | 27.38 | 16.77 | 28.96 | 15.88 |
| Sundaram Dividend Yield Fund | 976.95 | 2.25 | 45.32 | 20.01 | 24 | 15.71 | 21.72 | 14.31 |
| HDFC Dividend Yield | 6027.93 | 1.8 | 45.28 | 26.08 | - | - | 22.86 | 29.5 |
| SBI Dividend Yield Fund | 9207.03 | 1.78 | 40.67 | - | - | - | 22.94 | 37.34 |
| Tata Dividend Yield | 1037.65 | 2.15 | 39.97 | 20.61 | - | - | 18.97 | 20.79 |
Who Manages the Scheme?
Shiv Chanani, Senior Manager- Equity
Shiv Chanani has an overall experience of more than 24 years. His last stint was with Elara Securities (India) Private Limited as Head of Equity Research & Strategy. Before that, he worked with E Fund Management (HK) Co. Ltd and Nippon Life India Asset Management Limited (formerly known as Reliance Capital Asset Management).
Miten Vora, Senior Analyst & Fund Manager Equity
Miten Vora has an overall experience of more than 14 years. Before this, he worked with Canara HSBC Oriental Life Insurance, BNP Paribas Asset Management India Private Limited, IDBI Asset Management Company and Antique Stock Broking Limited. Vora has done his PGDM in Finance from the Institute of Chartered Financial Analysts of India, Hyderabad.
Conclusion
Investors seeking long-term capital growth through dividend-yielding equities may find this NFO appealing. However, the fund's success in achieving its investment objectives cannot be guaranteed.
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