BNP Paribas MF Launches BNP Paribas Fixed Term Fund Series 22 - D
Bangalore: BNP Paribas Mutual Fund has launched a new fund "BNP Paribas Fixed Term Fund Series 22?D". This is a closed ended debt scheme with tenure of 369 days. The new issue will be open for subscription from 24th August to 7th September 2011, at an offer price of 
10 per unit. The minimum application amount is 5,000 and in multiples of 10 thereafter.
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.
The scheme offer growth and dividend option. The dividend option offers only dividend payout facility. The scheme would allocate up to 100 percent of assets in debt instruments and money market instruments with low to medium risk profile.
No exit load will be charged for the scheme. The performance of the scheme will be benchmarked against Crisil Short Term Bond Fund Index. The fund manager for the scheme is Alok Singh.
10 per unit. The minimum application amount is 5,000 and in multiples of 10 thereafter.
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.
The scheme offer growth and dividend option. The dividend option offers only dividend payout facility. The scheme would allocate up to 100 percent of assets in debt instruments and money market instruments with low to medium risk profile.
No exit load will be charged for the scheme. The performance of the scheme will be benchmarked against Crisil Short Term Bond Fund Index. The fund manager for the scheme is Alok Singh.