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Baroda Pioneer Mutual Fund Investment Company Declares Dividend For Five Schemes

Baroda Pioneer Mutual Fund Investment Company has announced September 26, 2018, as the record date for declaration of dividend for five schemes of the fund house.

Accordingly, the amount of dividend for the Dividend Option of Baroda Pioneer Hybrid Equity Fund – Plan A and Plan B (Direct) is 0.40 Rupees per unit. The dividend for the Quarterly Dividend Option of Baroda Pioneer Short Term Bond Fun – Plan A and Plan B (Direct) is 0.17 Rupees per unit.

The dividend declared for the Quarterly Dividend Option of Baroda Pioneer Credit Risk Fund – Plan A and Plan B (Direct) is 0.21 Rupees per unit, and that of Baroda Pioneer Conservative Hybrid Fund – Plan A is 0.20 Rupees per unit.

The Baroda Pioneer Mutual Fund Investment Company has declared 17.00 Rupees per unit as the dividend amount for the Quarterly Dividend Option of Baroda Pioneer Treasury Advantage Fund – Plan A and Plan B (Direct).

Baroda Pioneer Treasury Advantage Fund, an open-ended low-duration debt scheme, aims to generate regular returns by investing in fixed income securities while maintaining sufficient liquidity.

The Treasury Advantage Fund, which was launched in June 2009, will invest at least 65 percent of its assets in money market securities and will invest the remaining in debt securities.

The Treasury Advantage Fund is benchmarked against CRISIL Liquid Fund Index and has a face value of 1000 Rupees per unit. The fund size of the scheme is 1819.47 Crore Rupees.

Alok Sahoo and Hetal P Shah have been managing the Treasury Advantage Fund scheme since June 2009, according to The Economic Times. Mr. Sahoo has worked with UTI AMC and HSBC AMC, before joining Baroda Pioneer Mutual Fund. Ms. Shah has worked with Bank of India, prior to joining Baroda Pioneer AMC.

The Baroda Pioneer Mutual Fund Investment Company has declared the dividend on the face value of 10 Rupees per unit for the above-mentioned schemes except for the Baroda Pioneer Treasury Advantage Fund, which has a face value of 1000 Rupees per unit, according to KJMC.

[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]
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Bindhu Mol. G loves writing news articles. She excels in SEO articles, technical articles and academic articles. She covers commodities and mutual fund news for OWLT Market.

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