BNP Paribas Balanced Fund raises Rs 245 crores through NFO, re-opens for investing

The new fund offer of BNP Paribas Balanced Fund, which closed on March 31, 2017 has raised Rs 245 crores, according to the company. The scheme opened today for re-investing based on daily net asset value (NAV). This is the first balanced fund of BNP Paribas Mutual Fund.

BNP Paribas Balanced Fund is a combination of equity, arbitrage and debt asset classes. It would have exposure ranging from 30-60 per cent in equity, 5-10 per cent in equity arbitrage and 30-60 per cent in debt, money market instruments and liquid funds. The Scheme offers two plans: BNP Paribas Balanced Fund - Regular Plan and BNP Paribas Balanced Fund - Direct Plan. Each plan has two options: Growth Option and Dividend Option. BNP Paribas Balanced Fund is positioned between MIP and Equity fund from a risk-reward perspective.

"We thank all the investors and distributors for having placed their trust in us by giving overwhelming response to this new fund offering," said Sharad Sharma, MD & CEO, BNP Paribas Asset Management India Pvt Ltd.


Anand Shah, Deputy CEO and Chief Investment Officer, BNP Paribas Mutual Fund further explained that, “BNP Paribas Balanced Fund for equity uses in house B.M.V model which helps us in identifying companies that has better earnings growth. As a strategy for equity, the Scheme will follow a bottom-up approach for stock-picking and choose companies across sectors and the Scheme will primarily focus on companies that have demonstrated characteristics such as market leadership, strong financials and quality management. For fixed income, the team actively manages the debt portion of the portfolio with a view to generate reasonable income over time. Given prevailing market conditions, we intend to target the shorter end of the yield curve.”