Baroda Pioneer launches Baroda Pioneer Credit Opportunities Fund

Baroda Pioneer launches Baroda Pioneer Credit Opportunities Fund

Baroda Pioneer Mutual Fund has launched of Baroda Pioneer Credit Opportunities Fund, an open ended debt scheme. The NFO is currently open for subscription and closes on January 21.

The scheme aims to generate returns by investing in debt and money market instruments across the credit spectrum.

In a press release, Oliver Bilal, Chief Executive Officer of Baroda Pioneer Asset Management Company said, “India is providing opportunities for investors like never before. It is a moment-to-be-seized and investment that is made right now will be in the frontward trail to stanch development. In future too, we as a fund house are looking at launching steadfast schemes in future to suit risk-appetite of the investors. At Baroda Pioneer, we remain committed to supporting and further growing our business as well as providing a high level of products and service to our clients.”

Sanjay Chawla, Chief Investment Officer of Baroda Pioneer AMC said, “The Indian markets are poised at a remarkably interesting juncture. This is evident in many areas, especially with respect to the socio-political changes and the Indian economy is poised to grow faster. Our view is that debt funds continue to offer advantages and must be preferred over alternatives.”

This scheme will be an actively managed portfolio that will be modified over duration likely to be in the range of 2 - 3 year with average maturity around 3 - 5 years. The portfolio will be a well-diversified blend with adequate exposure to AAA bonds & G-sec and money market instruments for ensuring liquidity.