Baroda BNP Paribas NIFTY Midcap 150 Index Fund Review – Baroda BNP Paribas NIFTY Midcap 150 Index Fund Review Direct NFO Open on 14 October 2024 and Close on 28 October 2024. Baroda BNP Paribas NIFTY Midcap 150 Index Fund Direct NFO Allotment Date is 04 November 2024, and the NFO Type is Open-Ended. NFO Riskometer is Very High Risk, and the Minimum Investment Amount is ₹1,000. The Minimum SIP Investment Amount is ₹500.
Type of the Scheme
An open-ended Scheme replicating / tracking the NIFTY Midcap 150 Total Return Index.
Scheme Benchmark : Nifty Midcap 150 Total Returns Index – Justification for use of benchmark: The Scheme seeks to track/replicate the performance of the Nifty Midcap 150 Total Returns Index by investing in the constituents of the said index. Therefore, the composition of this index makes it most suited to compare the performance of the Scheme.
The aforesaid Benchmark is also the Tier 1 benchmark Index basis the category of the Scheme and in line with the list of benchmarks as notified by AMFI.
Baroda BNP Paribas NIFTY Midcap 150 Index Fund Scheme Benchmark
Company
Weightage
Suzlon Energy Ltd.
2.67
Max Healthcare Institute Ltd.
2.06
Indian Hotels Co. Ltd.
1.69
Persistent Systems Ltd.
1.63
Lupin Ltd.
1.49
Dixon Technologies (India) Ltd.
1.47
Cummins India Ltd.
1.45
PB Fintech Ltd.
1.45
Colgate Palmolive (India) Ltd.
1.42
BSE Ltd.
1.41
Baroda BNP Paribas NIFTY Midcap 150 Index Fund Important Date
Scheme Offer
Baroda BNP Paribas NIFTY Midcap 150 Index Fund
Offer Price
Rs. 10/- per Unit
Type of Scheme
An open-ended
Open Date
14 Oct 2024
Close Date
28 Oct 2024
Allotment Date
04 Nov 2024
Category
Index Fund
Min Inv ₹
₹1,000
Lock in Period
N/A
Risk
Very High
Scheme Benchmark
Nifty Midcap 150 Total Returns Index
Investment Objective of the Scheme ?
The investment objective of the Scheme 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.
Baroda BNP Paribas NIFTY Midcap 150 Index Fund Other Details
Exit Load
0.20%
Exit Load Details
Exit load of 0.20%, if redeemed within 7 days.
Entry Load
N/A
Stamp Duty
0.005%
Min. Investment
Rs. 1,000
Min. SIP
Rs. 500
Baroda BNP Paribas NIFTY Midcap 150 Index Fund Asset Allocation
Instruments
Allocation Min
Allocation Max
Equity and Equity related securities of companies
constituting Nifty Midcap 150 Total Return Index
95%
100%
Money Market Instruments & Units of Liquid Scheme &
Cash & Cash equivalents etc
0%
5%
Manager Manage the Scheme?
Fund Manger :Mr. Neeraj Saxena
Qualification : PGDBA Finance from Welingkars Institute M.Sc.(Organic Chemistry)
Experience : Mr. Neeraj Saxena, is currently employed with Baroda BNP Paribas Asset Management India Private Limited with rich experience of 20 years in the Indian financial services
industry, handles the responsibility of being the Fund Manager & Dealer in equity domain for Baroda BNP Paribas AMC. Prior to joining BBNPP AMC, Mr. Saxena was the Assistant Vice
President – Institutional Equity Sales at Stratcap Securities. He has also held notable positions like Head -Communication Cell at Karvy Stock Broking and Senior Investment Advisor at Iden Investment Advisor.
Baroda BNP Paribas NIFTY Midcap 150 Index Fund Sector Representation
Sector
Weightage
Financial Services
19.17
Capital Goods
15.23
Healthcare
10.43
Automobile and Auto Components
8.23
Information Technology
6.96
Chemicals
6.74
Fast Moving Consumer Goods
4.40
Consumer Durables
3.91
Oil, Gas & Consumable Fuels
3.75
Consumer Services
3.57
Realty
3.50
Telecommunication
3.01
Metals & Mining
2.88
Services
2.47
Construction Materials
1.46
Power
1.41
Construction
1.19
Textiles
0.98
Diversified
0.50
Media, Entertainment & Publication
0.20
Baroda BNP Paribas NIFTY Midcap 150 Index Fund Index Return
Index Return
QTD
YTD
1 Year
5 Years
Since Inception
Price Return
7.10
30.65
47.36
30.42
17.25
Total Return
7.33
31.26
48.21
31.46
18.66
Where Will the Scheme Invest ?
- Equity and equity related instruments including equity and index derivatives.
- Money market instruments permitted by SEBI/RBI, having maturities of up to one year or in alternative investment for the call money market as may be provided by the RBI to meet the liquidity requirements.
- Units of Liquid Schemes.
- Certificate of Deposits (CDs), Commercial Paper (CPs).
- Securities created and issued by the Central and State Governments and/or repos/reverse repos in such Government Securities as may be permitted by RBI (including but not limited to coupon bearing bonds, zero coupon bonds and treasury bills).
- Securities guaranteed by the Central and State Governments (including but not limited to coupon bearing bonds, zero coupon bonds and treasury bills).
- Any other domestic fixed income securities as permitted by SEBI/ RBI from time to time (subject to the required approval if any).
- Tri-Party Repo or repo or any alternative investment as may be provided by RBI.
Also Read: Edelweiss Nifty500 Multicap Momentum Quality 50 Index Fund
Baroda BNP Paribas NIFTY Midcap 150 Index Fund Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower- B, Plot 31-32, Gachibowli, Financial
District, Nanakramguda, Serilingampally, Hyderabad500 032, Telangana, India.
Tel No.: +91 40 6716 2222
Website: Www.Kfintech.Com
Email: Hoacfoods.Ipo@Kfintech.Com
Investor Grievance Email:Einward.Ris@Kfintech.Com
Contact Person: Mr. M Murali Krishna
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