The BNP Paribas Midcap Fund - Direct Plan - Growth Option is an open-ended equity scheme offered by BNP Paribas Mutual Fund which is sponsored by BNP Paribas Asset Management Asia Limited. The scheme makes investments in equity and its related securities of midcap firms. The direct plan of the scheme involves no commissions and hence offers lower expense ratio to the investor. The growth option entitles investors to receive capital gains on completion of the scheme period.
Investment Objective
To produce capital gains for the investor over a long term through investment in firms having a high growth potential in the mid cap segment.
Key Features of the Scheme
The BNP Paribas Midcap Fund is ideal for investors who wish to create wealth over a long term and has the below features:
| Type of Fund | An open-ended equity scheme |
| Plans Available | Regular and Direct |
| Options Under Each Plan |
|
| Risk | High |
| Systematic Investment Plan | Available |
| Systematic Transfer Plan | Available |
| Systematic Withdrawal Plan | Available |
Investment Amount for BNP Paribas Midcap Fund
| Minimum Application Amount | Rs.5,000 and in multiples of Re.1 thereafter |
| Minimum Additional Investment | Rs.1,000 and in multiples of Re.1 thereafter |
| Minimum installment for Systematic Investment Plan (SIP) | Rs.500 and in multiples of Re.1 thereafter |
| Minimum Amount for Systematic Withdrawal Plan (SWP) | Rs.1,000 and in multiples of Re.1 thereafter |
| Entry Load | Not Applicable |
| Exit Load | No exit load will be charged if units are redeemed to up to 10% of the investment before 12 months from unit allotment date. 1% of the applicable NAV will be charged as an exit load if units are redeemed above the limit before 1 year from unit allotment date. No exit load will be charged thereafter. |
Asset Allocation for BNP Paribas Midcap Fund
| Instruments | Percentage of total assets | Risk Profile | |
| Minimum | Maximum | ||
| Equity and its related securities of midcap companies | 65% | 100% | Medium to High |
| Equity-related securities of other firms other than midcap, debt securities including securitised debt and money market securities | 0% | 35% | Medium to High |
| Units issued by REITs and InvITs | 0% | 10% | Medium to High |
NAV Disclosure and Benchmark for BNP Paribas Midcap Fund
The scheme’s Net Asset Value (NAV) per unit is calculated by dividing the scheme’s net assets by the number of outstanding units on the date of valuation. The NAV is computed and disclosed at the end of each business day. The NAV is calculated up to 3 decimals.
The website of the Association of Mutual Funds in India (AMFI) and BNP Paribas Mutual Fund will display the scheme’s NAV on www.amfiindia.com and www.bnpparibasmf.in, respectively by 9:00 p.m each business day. The NAV will also be published in at least 2 newspapers with nationwide circulation.
Benchmark - Nifty Midcap 100 TRI
Fund Manager
Mr. Karthikraj Lakshmanan and Mr. Abhijeet Dey
The BNP Paribas Midcap Fund is managed by Mr. Karthikraj Lakshmanan and Mr. Abhijeet Dey. Mr. Karthikraj Lakshmanan has been managing the scheme since 7 October 2016 while Mr. Abhijeet Dey has been managing it since 16 November 2016.
Why you should invest in the BNP Paribas Midcap Fund
- Low investment - For just Rs.500 a month, you can subscribe to the units of BNP Paribas Midcap Fund through an SIP and create wealth over a long term.
- Good returns - Being an equity scheme that invests in mid cap stocks, the BNP Paribas Midcap Fund has the potential to yield optimal returns.
- Professionally managed - Both the fund managers of the scheme have many years of experience in the mutual fund industry. With such an experience, your investments are bound to achieve high capital returns.
- Additional benefits - The BNP Paribas Midcap Fund comes with many additional benefits such as SIP, STP, SWP, Dividend Transfer Plan (DTP), switching option, etc. These extra benefits make the fund a rewarding investment option.
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