Baroda Multi Cap Fund - Plan A - Growth
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|Risk||Moderately High risk|
|Exit Load||1% for 365 Days|
More about this fund
|ICICI Bank Ltd||7.61%|
|Reliance Industries Ltd||7.39%|
|HDFC Bank Ltd||5.95%|
|Housing Development Finance Corp Ltd||3.62%|
|Hindustan Unilever Ltd||3.42%|
|Tata Consultancy Services Ltd||3.05%|
|Aarti Industries Ltd||2.74%|
|Tech Mahindra Ltd||2.72%|
About Baroda Multi Cap Fund
The Baroda Multi Cap Fund is an open-ended equity scheme. It seeks to generate capital appreciation over the long-term by investing in an actively managed portfolio of equity and equity-related securities across large-cap, mid-cap, and small-cap companies. It was earlier known as Baroda Pioneer Growth Fund and was renamed as Baroda Multi Cap Fund.
Pros & Cons of Baroda Multi Cap Fund
- The scheme allocates at least 75% of its total assets to equity and equity-related securities of companies from different market capitalizations.
- As on December 31, 2018, the scheme is ranked 5 under CRISIL’s Multi Cap Fund category.
- Further, it has generated returns of 13.67% per year over the last 10 years (as on February 8, 2019). However, the returns over the last year have been negative (-7.7%).
Fund Information and Statistics of Baroda Multi Cap Fund
i) Inception / Launch Date
The scheme was launched on 12 September 2003 by Baroda Mutual Fund.
ii) Risk Level
According to the investment objective and asset allocation of the scheme, it has a Moderately-High risk level associated with it.
There is no minimum amount for redemption. The redemption proceeds are dispatched within 10 business days of the receipt of a valid redemption request.
iv) Fund Manager(s)
The Fund Managers of the Baroda Multi Cap Fund are: Mr. Dipak Acharya (since inception) Mr. Sanjay Chawla (since November 1, 2015)
v) Entry / Exit Load
There is no entry load in this scheme. The exit load structure is as follows:
- If the units are redeemed after the completion of 12 months from the date of allotment of the said units, then the exit load = Nil
- If the units are redeemed within 12 months from the date of allotment of the said units, then the exit load = 1% of the applicable NAV
Tax benefits of investing in Baroda Multi Cap Fund
The following taxes are applicable to the income arising from investing in this scheme:
- STCG tax (units are held for a period of less than 12 months) of 15 percent on redemption of units.
- LTCG (units are held for a period of more than 12 months), in excess of Rs 1 Lakh, is taxed at 10 percent without indexation benefits on the redemption of units.
About Baroda Mutual Fund
The Baroda Mutual Fund is managed by Baroda Asset Management India Limited (the AMC). In 2008, Pioneer Global Asset Management S.p.A. (PGAM) acquired a 51% stake in the AMC leading to the AMC being renamed as Baroda Pioneer Asset Management Company Ltd. Further, in 2018, the Bank of Baroda acquired the entire shareholding of PGAM. The fund house offers a plethora of investment schemes to cater to the investment requirements of different investors.
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All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns