Baroda Asset Management Company Limited has launched a new fund offer – Baroda Business Cycle Fund. The fund is open for subscription between August 24, 2021, to September 06, 2021.
Read on to find out more about the NFO.
The Baroda Business Cycle Fund aims to generate long-term capital appreciation for investors by investing in shares of companies by focussing on business cycles in the economy. However, there is no assurance that the investment objective will be achieved.
Indicative Asset Allocation
Types of Instruments | Indicative allocation (% of total assets) | Risk Profile | |
Minimum | Maximum | ||
Equity and equity-related instruments selected based on business cycles* | 80% | 100% | High |
Other equity and equity-related instruments* | 0% | 20% | Low to Medium |
Overseas equity and equity-related instruments, including ADR, GDR, or any other type of securities | 0% | 20% | High |
Units issued by REITs & InvITs | 0% | 10% | Medium to High |
Debt/Money Market instruments including units of Debt oriented Mutual funds as may be permissible from time to time# | 0% | 20% | Low to Medium |
*including derivatives to the extent of 50% of the net assets of the scheme.
#Investment in securitized debt will not exceed 10% of the net assets of the Scheme. The scheme will not invest in foreign securitized debt.
Scheme name | Baroda Business Cycle Fund |
Type of scheme | Baroda Business Cycle Fund is an open-ended equity scheme following the Business Cycles theme. |
NFO Dates | August 24, 2021 – Sept 6, 2021 |
Fund Managers | Mr. Sanjay Chawla (Chief Investment Officer), Mr. Abul Fateh (Senior Equity Analyst and Fund Manager) and Mr. Pratish Krishnan {( Senior Equity Analyst and Fund Manager ) (Dedicated fund manager for overseas investments)} |
Benchmark | BSE 500 TRI |
Minimum Amount for Application during NFO | Rs. 5,000/- and in multiples of Re. 1/- thereafter per application during the NFO period. |
Minimum Additional Purchase Amount | Rs 1,000/- and in multiples of Rs 1/- after that with no upper limit. |
Minimum Redemption/Switch-Out Amount | No minimum amount for redemption. |
Load | a) Entry Load: N.A
b) Exit Load: (i) Redemption/ switch out of units up to 10% of the units allotted before 1 year from the date of allotment: NIL (ii) If units are redeemed over and above the 10% limit, before 1 year from the date of allotment: 1.00% of applicable NAV. (iii) For redemption/switch out of units after 1 year from the date of allotment : NIL. |
Plans | Direct and Regular |
Options | Growth
Income Distribution Cum Capital Withdrawal Option (ICDW) |
Minimum SIP Amount | Rs. 500 /- and in multiples of Re. 1/- thereafter per installment. |
BSE 500 TRI
BSE 500 represents the top 500 companies based on full market capitalization from the eligible universe.
A Total Return Index reflects the returns on the index arising from:
(a) Listed stock price movements and
(b) Dividend receipts from those stocks.
Mr. Sanjay Chawla
Mr. Sanjay Chawla has experience of over 30 years in fund management, equity research and management consultancy. In the past, he has worked with Birla Sun Life AMC as Sr. Fund Manager-Equity, as Head of Research with SBI Capital Markets and in various capacities in the equity research space in Motilal Oswal Securities, IDBI Capital Markets, SMIFS Securities, IIT Invest Trust & Lloyds Securities.
Other funds managed/co-managed by him are:
Mr. Abul Fateh (Senior Equity Analyst and Fund Manager)
Mr. Abul Fateh has 15 years of experience in Equity Analysis. Before joining Baroda AMC, he has worked with Geecee Investments as Senior Equity Analyst, with L&T Mutual Fund as Deputy Manager, Investments and with Parag Parikh Financial Services as an Equity Analyst.
Dedicated fund manager for overseas investments
Mr. Pratish Krishnan (Fund Manager & Senior Analyst) (Dedicated fund manager for overseas investments)
Mr. Pratish Krishnan has over 15 years of experience in equity research. He has worked with Antique Finance and Bank of America Merrill Lynch as a sell-side analyst.
Other funds managed/co-managed by him are:
Dedicated Fund Manager for overseas investments for the below funds :