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Baroda Banking and Financial Services Fund

 

An Open Ended Equity Investing in the Banking and Financial Services Sector.
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.

 
 
Plans
The Schemes have two plans thereunder, viz. Plan A and Plan B (Direct).

Plan B (Direct) is meant for direct investments, i.e. for investors who purchase/subscribe to the units of the Scheme directly with the Fund and is not available for investors who route their investments through a Distributor, while Plan A is meant for investors who route their investments through distributors only.

Both Plans will have a common portfolio but Plan B (Direct) will have a lower expense on account of absence of brokerage and commission. Hence both plans will have distinct NAVs. 


Options
The Scheme(s) offer:
  • Growth Option (default option in case no option specified by investor);
  • Dividend Option
    • Payout;
    • Reinvestment (default sub-option in case no option specified by investor)
Dividend Reinvestment sub-option shall not be available to investors who transact through the stock exchange in dematerialized mode.
In respect of units subscribed through SIP, allotment will be based on the Applicable NAV, and will be credited to the demat account of the investor on a weekly basis upon realization of funds. For e.g. Units will be credited to the investor’s demat account every Monday for realization status received in the preceding week from Monday to Friday.


Benchmark Index
Benchmark : Nifty Bank Index
Fund Manager
Mr. Dipak Acharya. The scheme is managed by Mr. Dipak Acharya since inception.
  
Load Applicability
Entry Load – Nill
Exit Load -  1% if redeemed on or before 365 days from the date of allotment. NIL if redeemed after 365 days from the date of allotment of units.

  

Minimum Application Amount :
Purchase : Rs. 5,000/- and in multiples of Re. 1/- thereafter
Additional Purchase : Rs. 1,000/- and in multiples of Re. 1/- thereafter
 
SIP :   Rs. 1000/- and in multiples of Re. 1/- thereafter per installment, where an investor opts for a monthly SIP

           Rs. 1500/- per installment, where an investor ops for a quarterly SIP.

SWP : Rs. 1000/- and in multiples of Re. 1/- thereafter per installment, where an investor opts for a monthly SIP

           Rs. 1500/- per installment, where an investor ops for a quarterly SIP.


Asset Allocation
   

Type of Instrument

Normal Allocation (% of net assets)

Risk Profile

Equity & Equity related securities of companies engaged in Banking & Financial Services Sector *

80-100

High to Medium 

Debt & Money Market Instruments

0-20

Medium​ to Low 

​Investment in REITS and InvITs ​0-10 ​High​

 * Investment in derivatives may be made upto 50% of the net assets of the scheme. The scheme may invest in securitized debt upto 20% of its net assets

The scheme may invest in foreign securities upto 25% of its net assets subject to maximum of US$300 million in the aggregate at the Mutual Fund level, as per the SEBI circular nos. SEBI/IMD/CIR No.7/104753/07 dated September 26, 2007 and SEBI/IMD/CIR no. 2 / 122577 / 08 dated April 8, 2008.

The scheme may take derivative position based on the opportunities available subject to the guidelines issued by SEBI from time to time and in line with the overall investment objective of the scheme. These may be taken to hedge the portfolio, rebalance the same or to undertake any other strategy as permitted under the SEBI Regulations. The scheme shall not invest in equity linked debentures.

The cumulative gross exposure through equity, debt (if any) derivative positions,REITS and InvITs shall not exceed 100% of the net assets of the scheme. 

The asset allocation shown above is indicative and may be altered depending upon market conditions.

Subject to the SEBI (Mutual Funds) Regulations, change in investment pattern and rebalancing of portfolio 1996 as amended from time to time, the asset allocation pattern indicated above may change from time to time, keeping in view market conditions, market opportunities, applicable regulations and political and economic factors. Such changes in the investment pattern will be for a short term and for defensive considerations only. In the event of such a deviation, the fund manager will endeavour to rebalance the portfolio within 30 days from the date of deviation. If, however, the portfolio is not rebalanced within the said 30 days, justification for not rebalancing will be placed before the Investment Committee of the AMC, notwithstanding that the endeavour to rebalance shall continue. At all points of time, the portfolio will be in line with the investment objective of the Scheme.