Baroda Banking & PSU Bond Fund of Baroda Mutual Fund
The open & close date, re-open for continuous and re-purchase on or before of the scheme will be announced soon.
The investment objective of the scheme to provide regular income through a portfolio of debt fund and money market instruments consisting predominantly of securities allotted by entities alike bank, Public sector undertaking(PSUs), Public Financial institutions and Munciple Bonds.
And this scheme has two plans: Regular and Direct.
The Direct Plan is meant for direct investments, i.e. for investors who purchase/subscribe to the units of the Scheme directly with the Fund and is not available for investors who route their investments through a distributor, while the Regular Plan is meant for investors who route their investments through distributors only.
Both Plans will have a common portfolio, but the Direct Plan will have a lower expense on account of the absence of brokerage and commission. Hence, both Plans will have distinct NAVs.
Benchmark index: CRISIL short term Bond Fund Index(Standard Observation 9)
Fund Managers: Mr. Alok Sahoo and Mr.Kam Kumar.
Minimum Amount for Application in the NFO: Rs. 5,000 and in multiples of. 1/-thereafter
Units offer Rs 10/- for each for cash during the new fund offer and at NAV based prices during the continuous offers for units.
PSU Bond Fund Asset Allocation Pattern
Indication Allocation (% of total assets)
|Debt and Money Market Instruments issued by banks, Public sector undertaking(PSUs) Public Financial Institution(PFI) and Municipal Bonds||80||100||Low to Medium|
|Debt(including government securities and money market instruments issued by entities other than banks, PFI’s and PSU’s )||0||20||Low to Medium|
Disclaimer: The investor should consult them, financial advisers if any doubt about whether the product is suitable for them or not.