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NFO Alert: Baroda BNP Paribas Mutual Fund launches Baroda BNP Paribas Nifty200 Momentum 30 Index Fund – Details inside
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3 min read | Updated on October 01, 2024, 18:01 IST
SUMMARY
Baroda BNP Paribas Mutual Fund launched the Nifty200 Momentum 30 Index Fund, an open-ended index fund designed to track the Nifty200 Momentum 30 Total Returns Index. Investors can make a minimum investment of ₹1,000 and the NFO closes on October 9, 2024.
NFO Alert: Baroda BNP Paribas Mutual Fund launches Baroda BNP Paribas Nifty200 Momentum 30 Index Fund – Details inside
The Baroda BNP Paribas Nifty200 Momentum 30 Index Fund is an open-ended index fund launched by Baroda BNP Paribas Mutual Fund on September 25, 2024. The fund aims to replicate the performance of the Nifty200 Momentum 30 Total Returns Index, before expenses. Investors can invest a minimum of ₹1000 in the fund. The new fund offer (NFO) closes on October 9, 2024.
Objective of the Scheme: The investment objective of the Baroda BNP Paribas Nifty200 Momentum 30 Index Fund is to provide investment returns closely corresponding to the total returns of the securities as represented by the Nifty200 Momentum 30 Total Returns Index before expenses, subject to tracking errors, fees, and expenses.
Risk-o-meter
Funds Allocation
| Types of Instruments | Minimum Allocation (% of Net Assets) | Maximum Allocation (% of Net Assets) | Risk Profile |
|---|---|---|---|
| Equity and Equity related securities of companies constituting Nifty200 Momentum 30 Total Returns Index | 95 | 100 | Very High |
| Money Market Instruments & Units of Liquid scheme & Cash & Cash equivalents etc | 0 | 5 | Low to Medium |
Who should invest in this fund?
This NFO of the Baroda BNP Paribas Nifty200 Momentum 30 Index Fund is suitable for investors seeking long-term capital growth and want investments in equity and equity-related securities replicating the composition of the Nifty200 Momentum 30 Index with the aim to achieve returns of the stated index, subject to tracking error.
Benchmark
The performance of the Baroda BNP Paribas Nifty200 Momentum 30 Index Fund will be benchmarked to the performance of the Nifty200 Momentum 30 Total Returns Index.
Peer Fund Schemes
| Scheme Name | AUM (Crore) | Expense Ratio (%) | 1 Year Returns (%) | 3 Years Returns (%) | Since Launch Ret (%) |
|---|---|---|---|---|---|
| UTI Nifty 200 Momentum 30 Index Fund | 7979.77 | 0.92 | 64.67 | 24.69 | 30.85 |
| Motilal Oswal Nifty 200 Momentum 30 Index Fund | 830.14 | 1 | 64.1 | - | 28.39 |
| Kotak Nifty 200 Momentum 30 Index Fund | 337.98 | 0.89 | 63.74 | - | 57.03 |
| ICICI Pru Nifty 200 Momentum 30 Index Fund | 451.74 | 0.99 | 63.52 | - | 39.11 |
| Bandhan Nifty 200 Momentum 30 Index Fund | 138.12 | 1.06 | 62.96 | - | 37.02 |
| HDFC NIFTY200 Momentum 30 Index | 775 | 0.89 | - | - | 27.68 |
Who Manages the Scheme?
Neeraj Saxena (AUM - ₹5,341.58 crore, Schemes - 7) - Fund Manager and Dealer Equity
Neeraj Saxena is currently employed with Baroda BNP Paribas Asset Management India Private Limited. With an experience spanning 20 years in the Indian financial services industry, he handles the responsibility of being the Fund Manager and Dealer in the equity domain for Baroda BNP Paribas AMC.
The Baroda BNP Paribas Nifty200 Momentum 30 Index Fund offers an opportunity for long-term investors to participate in momentum-driven equities, aiming to replicate the Nifty200 Momentum 30 Index’s performance efficiently.
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