The NFO (New Fund Offer) has opened for investors for subscription on and from January 21, 2025. It will remain open till February 4, 2025. As stated by the management the main objective of the Baroda BNP Paribas Energy Opportunities Fund is to enable investors to capitalise on the fast-rising energy sector in India which is one of the enablers of an energy-hungry economy.
Reports state that energy demand in India is expected to rise 1.7 times even when India’s GDP could expand by 1.9 times in the next five years. As is expected the energy sector enjoys considerable weightage in the Nifty 500 index and it is spread across various industries. A variety of factors such as fast-changing lifestyles, continuous use of new gadgets, growing disposable income of the middle class etc are going to trigger demand for energy in India. Government measures are also very significant which include plans to double share of natural gas in the energy mix to 15% by 2030. renewable energy capacities are also being boosted as a national priority.
Ideal for investors holding it for 3 years or more
Whom is Baroda BNP Paribas Energy Opportunities Fund suitable for? Sanjay Chawla, chief investment officer, has answered this question. “The fund is ideal for equity investors with a holding period of three years or more. India’s energy story is powered by structural changes and government focus on improving energy security,” he has told the media. According to the NFO document, the primary focus of the fund will be to invest in stocks of companies operating in the traditional energy domains such as coal, crude oil, gas, nuclear as well as emerging new energy options such as solar, wind, hydro, hydrogen etc. Thus, the investment horizon becomes large.
Baroda BNP Paribas Energy Opportunities Fund main features
Name: Baroda BNP Paribas Energy Opportunities Fund
NFO opens on: January 21, 2024
NFO closes on: February 4, 2025
Fund type: Open-ended
Category: Equity, Thematic-energy
Entry load: NA
Exit load: For units in excess of 10% of the investment, 1% for redemption within 1 year
Minimum investment: Rs 1,000
Benchmark index: Nifty Energy TRI
Fund manager: Sanjay Chawla
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds and crypto assets.)
The energy sector is billed as one of the most vibrant sectors of the Indian economy. Baroda BNP Paribas Mutual Fund has introduced a New Fund Offer (NFO) of Baroda BNP Paribas Energy Opportunities Fund, the express purpose of which is to tap into the growth potential of the energy sector of this country. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
