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Baroda Pioneer Asset Managemet Company Limited

Baroda Pioneer Launches Baroda Pioneer Credit Opportunities Fund

Jan 13, 2015   18:29 IST 
New Delhi, Delhi, India

Highlights:

  • An open ended debt scheme

 

  • Investment universe: Mix of debt and money market instruments across the credit and maturity spectrum

 

  • Units available at par at Rs.10/-

 

  • Plan/Option -        

 

- Plan A and Plan B (Direct)

- Growth

- Dividend (Monthly & Quarterly)

- Bonus                

 

  • Load: 

 

‚Äč- Entry load NA

- Exit Load - 1%, if redeemed on or before 365 days from the date of allotment of Units; Nil, if redeemed after 365 days from the date of allotment of Units.

  • Investment Objective: Primary objective of the scheme is to generate returns by investing in debt and money market instruments across the credit spectrum

  • Benchmark – CRISIL Short Term Bond Fund Index

 

  • NFO opens on 8th January 2015 and closes on 21st January 2015

 

 

  • Scheme re-opens on 27th January 2015

 

 

Baroda Pioneer Mutual Fund today announced the launch of Baroda Pioneer Credit Opportunities Fund, an open ended debt scheme. This product is suitable for investors who are seeking income over medium term and an investment in a mix of debt and money market instruments across the credit and maturity spectrum. 

 

The New Fund Offer (NFO) is open for subscription from 8th January 2015 and closes on 21st January 2015; the scheme re-opens on 27th January 2015. The units will be available at par - Rs.10/- The primary objective of the Scheme is to generate returns by investing in debt and money market instruments across the credit spectrum.

 

Speaking on the occasion, Mr. Oliver Bilal, Chief Executive Officer of Baroda Pioneer Asset Management Company said, India is providing opportunities for investors like never before. It is a moment-to-be-seized and investment that is made right now will be in the frontward trail to stanch development. In future too, we as a fund house are looking at launching steadfast schemes in future to suit risk-appetite of the investors. At Baroda Pioneer, we remain committed to supporting and further growing our business as well as providing a high level of products and service to our clients.

 

Mr. Sanjay Chawla, Chief Investment Officer of Baroda Pioneer Asset Management Company Ltd said, “The Indian markets are poised at a remarkably interesting juncture. This is evident in many areas, especially with respect to the socio-political changes and the Indian economy is poised to grow faster. Our view is that debt funds continue to offer advantages and must be preferred over alternatives.”

 

This scheme will be an actively managed portfolio that will be modified over duration likely to be in the range of 2 - 3 year with average maturity around 3 - 5 years. The portfolio will be a well-diversified blend with adequate exposure to AAA bonds & G-sec and money market instruments for ensuring liquidity.

 

About Baroda Pioneer Asset Management Company Limited:

Baroda Pioneer Asset Management Company Limited is a joint venture between two large and well-established financial services companies - Bank of Baroda and Pioneer Investments. Baroda Pioneer Mutual Fund is positioned to serve the varied asset management needs of investors in India through a range of equity, debt and money market offerings. Since the formation of the joint venture in 2008, Baroda Pioneer has been working to create an operational and servicing platform well suited to the exacting requirements of our existing and potential investors. The company operates out of 40 locations in India and managed average assets of about INR 7792.53 cr for the quarter ended December 2014.

 

Disclaimer:

Risk factors: Mutual funds investments are subject to market risks, read all scheme related documents carefully.


 
 
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