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BNP Paribas launches Balanced Fund

Friday, March 17, 2017
By A Business Reporter

“We are focussed on long term wealth creation through a diversified portfolio of equity, arbitrage and debt. Our equity portfolio consists fundamentally of robust companies across market cap and sectors; and we aim to have a portfolio construct with a large cap bias and targeted small and mid-caps exposure. The strategy for this fund could be considered by conservative investors seeking limited exposure to equities,” said Karthikraj Lakshmanan, Senior Equities Fund Manager, BNP Paribas Mutual Fund at the launch of BNP Paribas Balanced Fund in Mumbai yesterday.

BNP Paribas Asset Management India Pvt Ltd (Indian arm of BNP Paribas Investment Partners) yesterday announced the launch of BNP Paribas Balanced Fund. The open-ended fund is aimed at investors seeking long-term wealth creation and will be available for subscription on 17 March 2017.

Anand Shah, Deputy CEO and Chief Investment Officer, BNP Paribas Asset Management India Pvt Ltd said, “BNP Paribas Investment Partners India is fully committed to continue innovating to meet our clients’ investment needs. The BNP Paribas Balanced Fund leverages on our in-house ‘Business Management Valuation’ model which helps us identify companies with better earnings growth.”

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