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Baroda Pioneer AMC launches new scheme

| Updated on: Jun 22, 2012

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.

Published on June 22, 2012

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