BNP Paribas NFO August 2019
BNP Paribas Mutual Fund is announced its new NFO named as BNP Paribas Global Innovative Technology Fund. The NFO will open for subscription on 16th August 2019 and will close on 30th August 2019. It is an Open-ended fund of Scheme investing in the Parvest Disruptive Technology Fund.
Details of BNP Paribas NFO 2019 August
|Fund House||BNP Paribas Mutual Fund|
|Issue Open||Aug 16, 2019|
|Issue Close||Aug 30, 2019|
|Benchmark||MSCI World Net Return|
BNP Paribas NFO offers in two variants Direct and Regular plans to the investors. Each plan has two options Growth and Dividend. The dividend option offers two facilities dividend payout and dividend reinvestment. The benchmark for the scheme is MSCI World Net Return.
Objectives of the Scheme:
The main objective of the scheme is to meet capital appreciation by investing predominantly in units of the Parvest Disruptive Technology Fund.
Investment Details of BNP Paribas NFO 2019
|Minimum investment (rs)||5,000|
|Minimum Add investment (rs)||1,000|
|Minimum SIP investment (rs)||300|
|SWP Withdrawl min (rs)||1,000|
|Exit Load (%)||
1% for redemption within 365 days
The BNP Paribas open-ended fund scheme considered under a High-risk scheme. It is available for Lump and SIP investment. One will need to invest a minimum amount of Rs 5,000 and in multiples of Rs 1,000. The net asset value (NAV) is priced at Rs 10 per unit and the Minimum SIP investment is Rs 300 per month for monthly SIP. The scheme is available for a tenure of 20 months. There is no entry load for anyone. Exit load – 1% of the applicable NAV, If units of the Scheme are reinvested or switched out within 12 months from the date of allotment. After Nil.
Resident Individuals, NRI’s, Foreign Portfolio Investors, Resident Indian Nationals, Partnership firms, companies, banks can invest in this scheme.
|Instruments||Indicative Allocations (% of total assets)Minimum||Indicative Allocations (% of total assets)Maximum||Risk Profile|
|Parvest Disruptive Technology Fund, Luxembourg||95%||100%||High|
|Money Market Securities||0%||5%||Low|
Registrar & Transfer Agent:
Sundaram BNP Paribas Fund Services
Address: Central Processing Center, 23,
Cathedral Garden Road Nungambakkam
Chennai – 600034
Phone: 044 – 2830 9100
About the Company
BNP Paribas Mutual Fund is the largest one in India. The funds of the mutual funds are managed by the BNP Paribas Asset Management Asia Limited. It is one of the largest Asset management company. The branches of the company located around 30 countries and offering one of the widest range of investment solutions in the Industry.
BNP Paribas new NFO is a Fund of Fund (FOF). The offer will be managed by Abhijeet Dey and Karthikraj Lakshmanan. Both are already managed a few schemes from BNP Paribas Mutual Funds.
Disclaimer: This post just reports about the scheme. It does not give any advice or recommendation. Please read the offer document carefully and consult your investment advisor before investing.