Baroda BNP Paribas MF’s NFO collects Rs11 Bn


Another Successful NFO from Baroda BNP Paribas MF


Suresh Soni, CEO, Baroda BNP Paribas Asset Management India

FinTech BizNews Service 

Mumbai, 2 November 2023 - Baroda BNP Paribas Mutual Fund’s new fund offer Baroda BNP Paribas Small Cap Fund, that opened on 6th October and closed on 20th October 2023, mobilised INR 1103 Crore AUM during the NFO period. This is the 7th NFO by Baroda BNP Paribas Asset Management India Private Limited since the formation of merged entity in March 2022.

Commenting on the NFO collections, Suresh Soni, CEO, Baroda BNP Paribas Asset Management India Pvt Limited said, “We thank our investors and partners for their confidence and strong response to our NFO. The NFO has received wide participation from many investors and distribution partners across cities and towns. Small Cap Fund is a growing category, even though the existing category AUM is relatively modest at Rs 1.98 lac crores*. We believe, Baroda BNP Paribas Small Cap Fund is an ideal option for investors for investors seeking long-term wealth creation through Indian equity market.”

The Baroda BNP Paribas Small Cap Fund invests more than 65% of the net assets into small-cap companies. The fund follows a bottom-up stock-picking approach with emphasis on on selecting companies with strong fundamentals, quality business models and strong management teams. The Fund is sector-agnostic and aims to build wealth for investors by tapping into companies which have the potential to become leading companies in future.

The scheme has re-opened for investments across all offline and online investment channels, including distributors and advisors, on 1st November 2023.

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