NFO: BNP Paribas Income & Gold Fund

BNPParibas Mutual Fund  has launched a new fund offer (NFO) today , May 17, 2012 with the name as BNP  Paribas Income & Gold Fund (An open-ended debt fund) and objective of the investment in the scheme generating income from a portfolio constituted of debt and money market securities (65% – 90%), along with investments in Gold Exchange Traded Funds (ETFs) [10% - 35%]. However, there can be no assurance that the investment objective of the scheme will be achieved. The scheme does not guarantee/indicate any returns.

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Scheme Details:

• Fund Opens: 17-May-2012
• Fund Closes: 31-May-2012
• Scheme Type: Open Ended
• Scheme Category: Income
• Entry Load: Nil
• Exit Load: 1%,  if  redeemed /switched-out  upto  12 months  from  date  of  allotment,  0.50 %,  if  redeemed /switched-out upto  12 – 18 months from date of allotment.  Nil, if redeemed /switched-out after 18 months from date of allotment of Units.
• Unit Price for NFO: Rs. 10/-
• Minimum Subscription: Rs. 5,000/- and in multiple of Rs. 1/- thereafter
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Tags: BNP Paribas MF, gold etf, May 2012, nfo

Category: Blog, Gold Units, Mutual Fund, NFO, NRI