Baroda BNP Paribas Mutual Fund launched NIFTY SDL December 2026 Index Fund on January 16. It is an open-ended scheme investing in debt and money market instruments.
The new fund offer will remain open for subscription till January 23, 2023. The scheme will reopen for sale and repurchase within five business days from the date of allotment.
The benchmark index for the mutual fund scheme is NIFTY SDL December 2026 Index Fund. This is a scheme with relatively high interest rate risk and relatively low credit risk.
Baroda BNP Paribas Nifty SDL December 2026 Index Fund will hold an allocation of 0 per cent to 100 per cent of its assets in debt instruments & money market instruments.
The scheme offers two plans:
- Baroda BNP Paribas Nifty SDL December 2026 Index Fund - Regular Plan
- Baroda BNP Paribas Nifty SDL December 2026 Index Fund - Direct Plan
To be able to invest, one can make an investment of ₹5000 via lumpsum. The minimum SIP amount of ₹500 is for daily, weekly and monthly SIP whereas quarterly SIP must be a minimum of ₹1,500.
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 SDL December 2026 Index before expenses, subject to tracking errors, fees and expenses.
However, there is no assurance that the objective of the scheme will be realised and the scheme does not assure or guarantee any returns, the fund house said in a media release.
The new scheme will be managed by Mayank Prakashe who has an experience of over 10 years, as per the fund house.
Investors with moderate risk appetite seeking regular income, in the long run can invest in the fund. Investors can gain from indexation benefits and limited incidence of taxation at the time of withdrawal, as there is no application of entry or exit load, supporting emergency withdrawals, according to the AMC.
