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BNP Paribas Asset Management today announced the launch of an open-ended equity fund, which seeks long term capital growth by investing in a concentrated portfolio of equity and equity related instruments.
The ‘BNP Paribas Focused 25 Equity Fund’ will be a multi-cap portfolio, of which a minimum 65 per cent will be large capitalisation firms and up to 35 per cent in high conviction, fast growing small and mid-sized companies.
The new fund offer (NFO) opened on September 15 and will close for subscription on September 29. The Fund will then re-open within five business days from the date of allotment, BNP Paribas Asset Management said in a statement.
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