Baroda Pioneer Mutual Fund has announced the launch of Baroda Pioneer Dynamic Bond Fund - an open-ended fixed income scheme that will invest entirely in fixed income instruments across various maturity profiles. The New Fund Offer (NFO) will be open for subscription on June 22 and will close on June 27, 2012.
The fund aims to generate returns in the form of interest income and capital gains, by managing the portfolio dynamically through interest rate cycles.
The Baroda Pioneer Dynamic Bond Fund is intended to give the investor an opportunity to develop a portfolio, while retaining the liquidity that is inherent to an open ended scheme.
Dipak Acharya - Fund Manager, Equity, said, "Debt seems to be the flavour of the season, and the Fund provides investors with an opportunity to gain from price and interest rate fluctuations. Given that the interest rates are nearing their peak, the current situation presents a good prospect to optimize the portfolio and obtain reasonable |
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