Baroda BNP Paribas Mutual Fund has filed the draft Scheme Information Document (SID) for the Baroda BNP Paribas Services Fund, an open-ended equity scheme focused on the services sector.
The scheme is to invest predominantly in equity and equity-related securities of companies engaged in service-based businesses.
According to the draft document, the fund seeks long-term capital appreciation, although it does not assure or guarantee returns.
The proposed scheme plans to invest 80% to 100% of its assets in companies belonging to the services theme.
Up to 20% of the portfolio may be invested in equities outside the theme or in money market and other permitted liquid instruments.
The scheme may also allocate up to 10% each to mutual fund units and Infrastructure Investment Trusts (InvITs), subject to applicable regulations.
The fund will offer Regular and Direct plans, each with Growth and Income Distribution cum Capital Withdrawal (IDCW) options.
The minimum lump sum investment has been set at ₹1,000, while daily, weekly and monthly systematic investment plans (SIPs) can start from ₹500. Quarterly SIPs will require a minimum contribution of ₹1,500.
The scheme will use the Nifty Services Sector Total Return Index (TRI) as its benchmark for performance comparison.
The draft document classifies both the scheme and its benchmark under the Very High Risk category.
An exit load of 1% will apply on redemption or switch-out exceeding 10% of allotted units within 1 year from allotment, while no exit load will be charged after 1 year.
The draft scheme outlines a thematic equity fund centred on the services sector with defined investment limits, benchmark tracking and multiple investment options.
The scheme will reopen for continuous sale and repurchase after the completion of the new fund offer process, in line with regulatory provisions.
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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Mutual Fund Investments are subject to market risks, read all the related documents carefully before investing.
Published on: Jun 11, 2026, 3:29 PM IST
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