Comments
Baroda Pioneer Asset Management Company has launched an open-ended fixed income scheme — Baroda Pioneer Dynamic Bond Fund. The scheme will invest entirely in fixed income instruments across various maturity profiles.
According to a company statement, the scheme will track interest rate movements in the short-term by reducing the duration in a rising rate environment, while increasing the duration in a falling interest rate environment.
The minimum application amount is Rs 5,000 and in multiples of Re 1 thereafter.
The benchmark of the scheme is CRISIL Composite Bond Fund Index. Entry load applicable is 0.5 per cent if redeemed within three months from the date of allotment of units.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.