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Baroda Pioneer MF unveils Short Term Bond Fund
By siliconindia news bureau
Tuesday, June 15, 2010
Mumbai: Baroda Pioneer Mutual Fund has launched a new open ended income scheme called Baroda Pioneer Short Term Bond Fund. The face value of the new issue will be Rs. 10 per unit. The new issue is open for subscription from June 14 and closes on June 24, 2010.
The objective of the scheme is to generate income from a portfolio constituted of short term debt and money market securities. The scheme will offer growth and dividend option. Dividend option offers payout and re-investment facility. The scheme would invest 60 percent to 100 percent of assets in debt instruments with residual maturity of 1-3 years. It would further allocate up to 40 percent of assets in debt and money market instruments with residual maturity of less than one year.
The minimum application amount is Rs. 5000 and in multiples of Re. 1 thereafter. The fund seeks to collect a minimum subscription (minimum target) amount of Rs. 1 crore under the scheme during the NFO period. Entry load charge will be nil. Exit load charge will be 0.10 percent if redeemed on or before 15 days from the date of allotment. Nil if redeemed after 15 days from the date of allotment.
Benchmark Index for the scheme is CRISIL Short Term Bond Fund Index. The scheme will be managed by Alok Sahoo and Hetal Shah.
The objective of the scheme is to generate income from a portfolio constituted of short term debt and money market securities. The scheme will offer growth and dividend option. Dividend option offers payout and re-investment facility. The scheme would invest 60 percent to 100 percent of assets in debt instruments with residual maturity of 1-3 years. It would further allocate up to 40 percent of assets in debt and money market instruments with residual maturity of less than one year.
The minimum application amount is Rs. 5000 and in multiples of Re. 1 thereafter. The fund seeks to collect a minimum subscription (minimum target) amount of Rs. 1 crore under the scheme during the NFO period. Entry load charge will be nil. Exit load charge will be 0.10 percent if redeemed on or before 15 days from the date of allotment. Nil if redeemed after 15 days from the date of allotment.
Benchmark Index for the scheme is CRISIL Short Term Bond Fund Index. The scheme will be managed by Alok Sahoo and Hetal Shah.
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