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BNP Paribas Mutual Fund today launched BNP Paribas Capital Protection Oriented Fund – Series I, a 38-month close-ended Capital Protection Oriented Fund. The new fund is rated AAA mfs (SO) by CARE.
The New Fund Offer be open from April 16–30, 2013.
Announcing the launch, Nikhil Johri, Managing Director & CEO, BNP Paribas Asset Management, India said, “The fund offers a smart choice for investors who would like to benefit from the growth potential offered by equities while not wanting to take too much risk on their savings.”
BNP Paribas Capital Protection Oriented Fund – Series I will invest 80- 100% of its portfolio in highly rated debt including money market instruments with an aim to protect the invested capital at the time of maturity of the scheme. The remaining portion will be invested in equity options aimed at giving the investor an opportunity to participate in the potential upside in equity markets.
BNP Paribas Mutual Fund, part of the global network of BNP Paribas Investment Partners, manages assets of more than Rs 3,700 crore (average assets under management as on March 31, 2013).
