BNP Paribas Mutual Fund has announced the New Fund Offer (NFO) BNP Paribas Fixed Term Fund – Series 23 E, a close ended debt scheme.
The NFO with has open for subscription from May 4, 2012 and will close on May 09, 2012. No entry and exit load charges is applicable for the scheme. The duration of the scheme will be 368 days from the date of allotment of units. The scheme offers dividend payout and growth option.
Benchmark Index for the scheme is CRISIL Short Term Bond Fund Index. The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter. The fund manager for the scheme will be Puneet Pal.
The investment objective of the scheme would be to achieve growth of capital through investments made in a basket of fixed income securities maturing on or before the maturity of the scheme.
