Baroda Pioneer Mutual Fund has launched Baroda Pioneer Treasury Advantage Fund. It is an open ended debt fund. The new issue will be open for subscription from 10 June to 23 June 2009. The NFO price for the fund is Rs 10 per unit. The fund will re-open on 29 June 2009.
The main objective of the scheme is to provide optimal returns and liquidity through a portfolio comprising of debt securities and money market instrument.
The Scheme will offer regular and institutional plans with dividend and growth option. Dividend option further will offer daily dividend option with reinvestment facility, Weekly dividend option, Monthly dividend option and Quarterly dividend option with payout and reinvestment facility.
The minimum investment amount under regular plan will be Rs 5000 and under institutional plan will be Rs 1 crore.
The scheme seeks to collect a minimum corpus of Rs 10 crore during NFO period.
Under normal circumstances, the scheme will invest 65%-100% in money market instruments/debt instruments with average maturity with average maturity of not greater than 1 year. (debt instrument may include securitised debt). It invests up to 35 % in the debt instruments with average maturity more than 1 year.
The scheme may invest in securitised debt upto 25% if its net asset. The scheme will invest in debt derivatives upto 50% of the net asset of the scheme.
The scheme will charge no entry load. However, the scheme will levy exit load of 0.10% on or before 3 days from the date of allotment.
The performance of the scheme is being benchmarked to the performance CRISIL Liquid Fund Index.
Hetal Shah will manage the investments under the scheme.
The main objective of the scheme is to provide optimal returns and liquidity through a portfolio comprising of debt securities and money market instrument.
The Scheme will offer regular and institutional plans with dividend and growth option. Dividend option further will offer daily dividend option with reinvestment facility, Weekly dividend option, Monthly dividend option and Quarterly dividend option with payout and reinvestment facility.
The minimum investment amount under regular plan will be Rs 5000 and under institutional plan will be Rs 1 crore.
The scheme seeks to collect a minimum corpus of Rs 10 crore during NFO period.
Under normal circumstances, the scheme will invest 65%-100% in money market instruments/debt instruments with average maturity with average maturity of not greater than 1 year. (debt instrument may include securitised debt). It invests up to 35 % in the debt instruments with average maturity more than 1 year.
The scheme may invest in securitised debt upto 25% if its net asset. The scheme will invest in debt derivatives upto 50% of the net asset of the scheme.
The scheme will charge no entry load. However, the scheme will levy exit load of 0.10% on or before 3 days from the date of allotment.
The performance of the scheme is being benchmarked to the performance CRISIL Liquid Fund Index.
Hetal Shah will manage the investments under the scheme.
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