Baroda BNP Paribas (OTC:BNPQY) Mutual Fund's Small Cap Fund has garnered Rs 1,103 crore in its seventh new fund offering (NFO) since the firm's establishment in March 2022. The equity scheme, which primarily invests in small-cap stocks, resumed subscriptions on Monday after a brief hiatus from Oct. 6 to Oct. 20.
CEO Suresh Soni highlighted the extensive participation from investors and distribution partners across diverse locations. He also pointed out the fund's modest assets under management (AUM), which stands at Rs 1.98 lakh crore.
Despite over 65% of its net assets being committed to small-cap companies, the Small Cap Fund remains relatively modest in size. This comes as part of a growing trend towards small-cap investments, signifying a shift in investor sentiment towards this category of stocks.
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