Baroda Pioneer MF changes face value of 2 Schemes

Baroda Pioneer Mutual Fund has decided to change the face value of the units of Baroda Pioneer Treasury Advantage Fund and Baroda Pioneer Liquid Fund from Rs 10 to Rs 1000, consequent to which the Applicable Net Asset Value per unit (NAV) for the schemes will be based on Rs 1000, and the new applicable NAV in the schemes will be effective under:

• In the options of Baroda Pioneer Treasury Advantage Fund, for all transactions effected on or after February 7 2011.
• In the options of Baroda Pioneer Liquid Fund, for all transactions effected at the Applicable NAV of  February 6, 2011 (valid subscriptions accepted till 2 pm on  February 7, 2011 and valid redemptions accepted till 3 pm on February 4, 2011), and on all days thereafter.

Baroda Pioneer Liquid Fund has the investment objective to generate income with a high level of liquidity by investing in a portfolio of money market and debt securities. Baroda Pioneer Treasury Advantage Fund has the investment objective to provide optimal returns and liquidity through a portfolio comprising of debt securities and money market instruments. For more Mutual Fund News click here