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Baroda Pioneer Mutual Fund has launched the NFO of Baroda Pioneer Dynamic Bond Fund, an open ended income scheme.
The NFO opens for subscription on June 22, 2012 and closes on June 27, 2012. No entry load will be applicable for the scheme; exit load will be 0.50%, if redeemed within three months from the date of allotment of units and will not be applicable, if redeemed after three months from the date of allotment of units. The minimum subscription amount is Rs. 5000 & multiples of Rs. 1 thereafter.
The scheme’s performance will be benchmarked against CRISIL Composite Bond Fund Index and its fund managers are Alok Sahoo and Hetal Shah.
The investment objective of the scheme is to generate returns with liquidity by managing the portfolio dynamically through interest rate cycles. There is no assurance or guarantee that the investment objective of the scheme would be realized.
Source: Accord Fintech