• Banking / Finance

BARODA BNP PARIBAS MUTUAL FUND’s FIRST NFO COLLECTS OVER INR 1400 CRORE

• Prashant Kapadia
• August 22, 2022

Baroda BNP Paribas Flexi Cap Fund is an open-ended dynamic equity scheme investing across large cap, mid cap, small cap companies.

Over 42000 investors from more than 120 cities across India.

The Fund will re-open for subscriptions on or before 22^nd August 2022. Minimum application amount is Rs. 5000 and in multiples of Re.1 thereafter.

by Prashant Kapadia/NHN

Mumbai, 22^nd August 2022 – Baroda BNP Paribas Mutual Fund, whose new fund offer for Baroda BNP Paribas Flexi Cap Fund was open from 25th July to 8th August July 2022, mobilised over Rs. 1400 crore during the NFO period. This is the first new fund offering by Baroda BNP Paribas Asset Management India Private Limited (result of a merger of Baroda Asset Management India Limited into BNP Paribas Asset Management India Private Limited, effective 14^th March 2022) and has witnessed record collections from investors across India.

Commenting on the record NFO collections, Suresh Soni CEO, Baroda BNP Paribas Asset Management India said, “This marks a strong beginning to our journey to build a credible investor centric asset management company. Over 42000 investors from more than 120 cities across India have posed their faith in our very first NFO after the merger. The combined, nationwide reach of all our distribution partners has allowed us to present our offering to not just India, but Bharat too. It is a reflection of not just the synergy and the immense potential offered by this combined entity, but also the trust and confidence shown by our investors and partners in our offerings.”

The fund will focus on identifying investment opportunities across sectors and market capitalizations and will aim to create long-term wealth by investing predominantly in equity and equity related securities, with a three-pronged approach. A top-down approach to select sectors, a horizontal approach to choose market caps and a bottom-up approach to select stocks.

The scheme will re-open for investments across all offline and online investment channels, including distributors and advisors, on or before 22^nd August 2022.