Baroda BNP Paribas Mutual Fund files draft for NIFTY 50 Index Fund

Baroda BNP Paribas Mutual Fund has filed a draft for Baroda BNP Paribas NIFTY 50 Index Fund. The scheme will be an open-ended scheme replicating/tracking the NIFTY 50 Total Return Index.

The scheme will be benchmarked against Nifty 50 Total Returns Index.

The scheme will be managed by Neeraj Saxena.


According to the Scheme Information Document, the investment objective of the scheme is to provide investment returns closely corresponding to the total returns of the securities as represented by the Nifty 50 Total Returns Index before expenses, subject to tracking errors, fees and expenses

The scheme will have direct and regular plans, with both growth and IDCW options.

The scheme will allocate 95-100% assets in equity and equity-related securities of companies constituting Nifty 50 Index, and 0-5% assets in money market instruments , units of liquid scheme and cash and cash equivalents.

The minimum application amount will be Rs 5,000 and multiples of Re 1 thereafter. The minimum instalment amount for monthly, weekly, and daily SIP will be Rs 500 in multiples of Re 1 thereafter.

The scheme will be suitable for investors who are seeking long term capital growth. The principal invested in the scheme will be at very high risk as per the riskometer of the scheme.