BNP Paribas Funds Aqua Details
BNP Paribas Mutual Fund plans to launch BNP Paribas Funds Aqua. It is an open-ended fund of fund. The scheme will open for subscription on April 16, 2021. It should close on April 30, 2021. Further, the Offer might be re-opened within five business days from the date of allotment.
However, the scheme will suitable for investors who seek wealth creation in the long term. It will make an investment in BNPPF Aqua ( Lux).
Further, MSCI World Index (Total Return Index) will act as a benchmark for the Fund of Fund.
The BNP Paribas MF’s FoF will available in the regular and direct plan along with the growth and IDCW (Income distribution cum capital withdrawal) option.
Basic Details of Fund of Fund:
| Issue Name | BNP Paribas Funds Aqua FoF |
| Subscription Period | April16, 2021 – April 30, 2021 |
| Fund of Fund Type | Open-ended scheme |
| Benchmark | MSCI World Index ( Total Return Index) |
| Fund Manager | Abhijeet Dey, Karthikraj Lakshmanan |
Investment Objective:
The primary investment objective of the Scheme is to seek capital appreciation by investing predominantly in units of BNPPF Aqua ( Lux).
Besides, under the load structure, the scheme does not offer any entry load. But, investors should pay a minimum of 1% for redemption or switch-outs within 1 year from the date of allotment of units.
Asset Allocation Pattern:
| Instruments | Indicative Allocation ( % of net assets) | Risk Profile | |
| Minimum | Maximum | ||
| Units of BNP Paribas Funds Aqua ( Lux) | 95 | 100 | High |
| Money Market Instruments and or units of MF | 0 | 5 | Low |
Minimum Investment:
Under the Lumpsum Investment, the minimum investment amount remains Rs. 5,000 and in multiples of Re. 1 thereafter.
Under the SIP:
Daily, Weekly, Monthly SIP: Rs. 300/-and in multiples of Re. 1/-thereafter;
Quarterly SIP: Rs. 1000/-and in multiples of Re. 1/-thereafter.
The AMC reserves the right to change the minimum application amount from time to time.
Further, the minimum additional application amount during the ongoing offer period should at Rs. 1,000 and in multiples of Re. 1 thereafter.
Disclaimer: This post is just information about the scheme. It does not give any advice or recommendation. Please read the offer document carefully and consult your investment adviser before investing.