All You Need to Know About Baroda BNP Paribas Nifty Midcap 150 Index Fund

Baroda BNP Paribas Mutual Fund has launched an open-ended Scheme replicating/tracking the Nifty Midcap 150 Total Returns Index, Baroda BNP Paribas NIFTY Midcap 150 Index Fund. The Baroda BNP Paribas Mutual Fund NFO opened for investment on October 14, 2024, and will close on October 28, 2024. 

Investment Objective

The investment objective of the Baroda BNP Paribas NIFTY Midcap 150 Index Fund is to provide investment returns closely corresponding to the total returns of the securities as represented by the Nifty Midcap 150 Total Returns Index before expenses, subject to tracking errors, fees, and expenses. However, there is no assurance that the investment objective of the Scheme will be achieved. 

Investment Strategies

Baroda BNP Paribas NIFTY Midcap 150 Index Fund is an Index Fund tracking the Nifty Midcap 150 Total Returns Index. The Scheme will be passively managed by employing an investment strategy that seeks to track/replicate the performance of the underlying index, subject to tracking error. The Scheme seeks to achieve this goal by investing in the securities constituting the Nifty Midcap 150 Total Returns Index in the same proportion as in the Index.

Suitable For Which Investors

Baroda BNP Paribas NIFTY Midcap 150 Index Fund is suitable for investors who are seeking: 

• Long-term capital growth 
• Investments in equity and equity-related securities replicating the composition of the Nifty Midcap 150 Index to achieve returns of the stated index, subject to tracking error.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.