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Baroda BNP Paribas Mutual Fund has launched Baroda BNP Paribas Multi Asset Fund, an open-ended scheme investing in equity, debt and gold ETF. Jitendra Sriram and Vikram Pamnani will manage this fund.
The fund aims to seek long term capital growth by investing in allocation ranging for equities between 65-80%, fixed income and gold ETFs at 10-25% each along with up to 10% in units of REITs and INVITs.
In a press release, Suresh Soni, CEO, Baroda BNP Paribas Mutual Fund said, “The fund is well-diversified across asset classes. It is a good investment option for first time and seasoned investors alike, as it saves the hassle of investing, tracking and maintaining investments in multiple strategies. It is also suitable for seasoned investors looking for asset class diversification and portfolio with allocation to gold.”
The fund aims to follow a multi cap investment approach holding around 45-55 stocks with diversified allocation across sectors. For fixed income, the fund seeks to invest in a high-quality portfolio of debt & money market instruments to generate income with relatively low credit risks.
