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Baroda Pioneer launches Banking & Financial Services Fund

Baroda Pioneer Mutual fund launches Baroda Pioneer Banking and Financial Services Fund with an investment objective to generate long-term capital appreciation for unit holders from a portfolio invested predominantly in equity and equity related securities of companies engaged in the Banking & Financial Services Sector.

June 04, 2012 / 11:27 AM IST

Baroda Pioneer Mutual fund launches Baroda Pioneer Banking and Financial Services Fund with an investment objective to generate long-term capital appreciation for unit holders from a portfolio invested predominantly in equity and equity related securities of companies engaged in the Banking & Financial Services Sector. The New Fund Offer (NFO) opens for subscription on June 1 and closes on June 15, 2012.


The minimum subscription amount will be Rs 5000 and in multiples of Re.1/- thereafter. There will be no Entry load while an exit load of 1% will be applicable if redeemed or switched out before 365 Days from the date of allotment.

CNX Bank Index will be the benchmark index for the scheme and it will be managed by  Dipak Acharya.

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