NFO Period from 03 May to 31 May 2010
Baroda Pioneer Mutual Fund has launched a new fund named as Baroda
Pioneer Infrastructure Fund, an open ended equity scheme. The new fund
offer (NFO) price for the scheme is Rs. 10 per unit. The new issue is
open for subscription from 03 May and closes on 31 May 2010. The scheme
shall re-open for continuous sale from 24 June 2010.
The primary investment objective of the scheme will be to generate
long-term capital appreciation. It will invest in equity and
equity-related securities of companies in infrastructure and
infrastructure-related sectors like transport, banks and financial
institutions, energy, power and oil, metals and minerals, telecom and
urban infrastructure, among the others.
The scheme shall offer growth and dividend option. Dividend option
shall offers dividend payout and dividend re-investment as sub-options.
The scheme may invest 65% to 100% of asset in equity and equity related
securities, including derivatives, with medium to high risk profile. It
would also invest 0-35% in debt and money market instruments with low
to medium risk profile. Investment in derivatives may be made up to 50%
of the net assets of the scheme.
Entry load will be nil. Exit load charge will be 1% if redeemed on or
before 365 days from the date of allotment of units and if redeemed
after 365 days from the date of allotment of units the exit load charge
will be nil.
Minimum application amount for first time purchase will be Rs. 5000 and
in multiples of Re 1 thereafter and Rs 1000 for additional purchases
and in multiples of Re 1 thereafter.
The minimum subscription (target) amount of Rs 1 crore is expected to be raised during the NFO period.
The Scheme's performance will be benchmarked against CNX 100.
The fund manager of the scheme will be Mr. Dipak Acharya.