BNP Paribas Mutual Fund has announced the launch of its Capital Protection Oriented Fund – Series I, a 38 months close-ended Fund. The NFO of the fund will be open from April 16 to April 30, 2013. . The fund is AAA rated by CARE.
The fund aims to generate capital appreciation by investing in the portfolio of highly rated debt oriented instruments. The fund will also invest some portion in equity option aimed at giving the investor an opportunity to participate in the potential upside in equity market. The fund also aims to protect the invested capital at the time of maturity of the scheme.
Nikhil Johri, Managing Director & CEO, BNP Paribas Asset Management, India said, “The fund offers a smart choice for investors who would like to benefit from the growth potential offered by equities while not wanting to take too much risk on their savings.”
The fund will be co-managed by Puneet Pal (debt) and Shreyash Devalkar (equity).
