Baroda Pioneer Mutual Fund has introduced the new investment plan namely Institutional Plan in Baroda Pioneer Liquid Fund. Institutional Plan is having investment objective of generating income with the high level of liquidity by investing in portfolio of money market instrument & debt.
Details
The initial offer period for subscription under this plan is from 27 January 2009 till 4 February 2009. Offer Price is Rs 10 per unit. The plan will reopen on 9 February 2009.
Baroda Pioneer Liquid Fund is an open ended liquid fund that seeks to provide a high degree of safety and liquidity while generating reasonable returns, by investing in a portfolio of a range of money market and short term debt instruments.
The schemes offer growth and dividend option and the dividend option further offers monthly dividend payout and daily/weekly/monthly reinvestment facilities.
The minimum application amount of the scheme is Rs 1 crore.
The scheme will charge neither entry nor exit load.
The Fund Managers are Alok Sahoo and Hetal Shah.