Mumbai: BNP Paribas Mutual Fund has filed an offer document with SEBI to launch its open ended debt scheme, BNP Paribas Gold & Income Fund. The investment objective of the scheme seeks to generate income from a portfolio constituted of debt and money market securities, along with investments in Gold Exchange Traded Funds (ETFs).
Minimum subscription amount is Rs. 5,000 per application and in multiples of Rs.1 thereafter. Exit Load is 1% if redeemed or switched-out upto 1 year from the date of subscription.
The scheme will be managed by Mr. Alok Singh, Fund Head – Fixed Income & Structured Products. It will be benchmarked against CRISIL Short Term Bond Fund Index + Price of Gold (neutral allocation: 75:25).
