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BNP Paribas Mutual Fund Seeks SEBI Nod For Equity Savings Scheme
The open-ended scheme will deploy at least 20 percent of its assets in equity and equity-related instruments (unhedged)
BNP Paribas Mutual Fund has sought the Securities and Exchange Board of India's approval to launch BNP Paribas Equity Savings Fund, according to the draft offer document on the SEBI's website.
The open-ended scheme will deploy at least 20 percent of its assets in equity and equity-related instruments (unhedged). Up to 70 percent will be invested in stocks, equity-related instruments and derivatives, including index futures, stock futures, index options and stock options, among others, as hedged and arbitrage exposure.
The scheme will also have the option of investing up to 35 percent in debt securities, money market instruments, and units of liquid funds, and up to 10 percent in units issued by real estate investment trusts (REITs) and infrastructure investment trusts (InVITs).
