The Benchmark of the fund is I Sec Composite Gilt Index. No exit load will be charged in the scheme. The minimum application amount is Rs 5000.
Announcing the launch, Mr. Nikhil Johri, Managing Director & CEO, BNP Paribas Asset Management, India said, “This may be an opportune time to invest in BNP Paribas Government Securities Fund with the government aggressively trying to address the twin deficit issue leading to a continued trend of reduction in interest rates.”
The fund is managed by Puneet Pal, Head of Fixed Income.
