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Baroda Mutual Fund has launched a new fund offer (NFO) for a large and mid-cap fund. Baroda Large & Mid Cap Fund is an open-ended equity fund that will be investing in large and mid-cap stocks. The NFO for the fund opens on August 17 and closes on August 31.

Investment Strategy

The scheme will be investing in a mix of large-cap and mid-cap stocks. According to substitute with “the Securities & Exchange Board of India (SEBI) (Mutual Funds) Regulations, 1996 as amended from time to time, large and mid-cap funds should have a minimum of 35% in large and mid-cap stocks each. The scheme being an equity-oriented scheme will allocate 65% or more in equity or equity-related instruments.

Baroda MF has laid out a broad investment plan and allocation strategy:

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Baroda Large & Mid Cap Fund

Source: Scheme Information Document

Benchmark Index

The benchmark index for this scheme is S&P BSE 250 Large MidCap 65:35 TRI. The S&P BSE 250 Large MidCap index is a stock index registered with the Bombay Stock Exchange. The index is designed to replicate a portfolio of stocks which has 65% weight in the S&P BSE 100 and a 35% weight in the S&P BSE 150 MidCap.

Did You Know

From February 2018, all mutual funds were mandated by SEBI to use Total Return Index (TRI) to benchmark the performance of their schemes. TRI indices record the price movements and dividend payouts of all the stocks listed in the index. Some believe that TRI gives the true picture of an index and the companies listed because it provides us with an idea of the ‘true’ value by taking into account dividend payouts as well.

Fund Details

The Baroda Large and Mid-Cap Fund will have regular and direct plans. Direct plans are those plans when you buy units of a mutual fund from the AMC or a direct mutual fund platform like Groww.

In terms of options, the plan will have both growth and dividend options. The fund has a dividend reinvestment option where the dividend you receive gets reinvested in the plan Automatically and a dividend payout option where the dividend is paid out to the investor.

Here are other details from the fund:

Name of the FundBaroda Large & Mid Cap Fund
Type of SchemeAn open-ended equity scheme investing in both large-cap and mid-cap stocks. 
Equity categoryLarge and Mid Cap Fund
BenchmarkS&P BSE 250 Large MidCap 65:35 TRI**
NFO DatesOpens on August 17, 2020, and closes on August 31, 2020
Fund ManagerSanjay Chawla, Ashwani Kumar Agarwalla 
Minimum Application Amount/Minimum Purchase AmountRs. 5000 and in multiples of Re. 1 after that
Minimum Additional InvestmentRs 1,000 and in multiples of Re 1 after that
Minimum Redemption AmountNo minimum number of units or units for redemption
Entry LoadNil
Exit LoadIf up to 10% units are redeemed on or before 365 days from the date of allotment of units

1% of applicable NAV : If more than 10% of units is redeemed on or before 365 days from the date of allotment of Unit

NIL: If Units are redeemed after 365 days from the date of allotment of units

The above Exit Load will be applicable on a FIFO (First-In-First-Out) basis, to all subscription transactions, excluding switch-ins.   

PlansRegular Plan and Direct Plan
OptionsGrowth and Dividend Option, Dividend Reinvestment Option

Other Details

SIP
TypeMinimum Amount
Monthly SIPRs. 500 /- and in multiples of Re. 1/- after that per instalment
Quarterly SIPRs. 1,500/- and in multiples of Re. 1/- after that per instalment
SWP
TypeAmount
Monthly SWPRs. 1,000/- and in multiples of Re. 1/- after that per instalment
Quarterly SWPRs. 1,500/- and in multiples of Re. 1/- after that per instalment
STP
TypeAmount
Monthly STPRs. 1,000/- and in multiples of Re. 1/- after that per instalment
Quarterly STPRs. 1,500/- and in multiples of Re. 1/- after that per instalment
(The STP will be terminated if the amount to be transferred is less than the minimum application amount of the transferee scheme)

Fund Managers

Mr Sanjay Chawla: Also, the Chief Investment Officer of the AMC, Mr Chawla, has 30 years of experience in equity research and fund management. Before Baroda MF, Mr Chawla worked as a senior fund manager of equity with Birla Sun Life AMC. He has worked in the equity research space in various capacities as well.

Apart from this fund, Mr Chawla has the following funds in his kitty:

Mr Ashwani Kumar Agarwalla: Mr Agarwalla is a senior analyst and dedicated fund manager for overseas investments. Before Baroda MF, Mr Agarwalla has worked with JM Financial Mutual Fund as an equity analyst reporting to the Fund Manager. He has also worked as an analyst in various capacities with Pioneer Investcorp Ltd (as a sell-side equity analyst), Adventity India and CARE Ratings.

Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.

Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please read the Risk Disclosure documents carefully before investing in Equity Shares, Derivatives, Mutual fund, and/or other instruments traded on the Stock Exchanges. As investments are subject to market risks and price fluctuation risk, there is no assurance or guarantee that the investment objectives shall be achieved. NBT do not guarantee any assured returns on any investments. Past performance of securities/instruments is not indicative of their future performance.

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