Baroda Pioneer launches Infrastructure Fund
The New Fund Offer commenced on May 3 and closes on May 31. The fund carries no entry load and its benchmark is CNX 100.
By ET Bureau |
MUMBAI: Baroda Pioneer AMC on Monday launched open-ended equity scheme, Baroda Pioneer Infrastructure Fund, which is a classical thematic fund that would predominantly invest in equities and equity related securities including derivatives issued by companies engaged in Infrastructure sector in India.
Speaking on the fund, Rajan Krishnan, Chief Executive Officer, Baroda Pioneer AMC said, “We believe that infrastructure offers the best chance to take India to levels of growth and economic prosperity we have always dreamt. This will generate stable and predictable earnings for companies operating in this sector in the long-term. By investing in infrastructure related industries, Baroda Pioneer Infrastructure Fund is best placed to offer retail investors the opportunity to participate and benefit from this growth."
The New Fund Offer commenced on May 3 and closes on May 31. The fund carries no entry load and its benchmark is CNX 100. Units will be issued at Rs.10 unit, the minimum application amount is Rs.5,000 and in multiples of Re.1 thereafter.
Speaking on the fund, Rajan Krishnan, Chief Executive Officer, Baroda Pioneer AMC said, “We believe that infrastructure offers the best chance to take India to levels of growth and economic prosperity we have always dreamt. This will generate stable and predictable earnings for companies operating in this sector in the long-term. By investing in infrastructure related industries, Baroda Pioneer Infrastructure Fund is best placed to offer retail investors the opportunity to participate and benefit from this growth."
The New Fund Offer commenced on May 3 and closes on May 31. The fund carries no entry load and its benchmark is CNX 100. Units will be issued at Rs.10 unit, the minimum application amount is Rs.5,000 and in multiples of Re.1 thereafter.
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