BNP Paribas India Consumption Fund Direct Growth is a Equity Mutual Fund Scheme launched by BNP Paribas Mutual Fund. This scheme was introduced to investors on 16 Aug 2018. Abhijeet Dey, Karthikraj Lakshmanan, Mayank Prakash is the Current Fund Manager of BNP Paribas India Consumption Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹441 Cr and the Latest NAV as of 13 Oct 2019 is ₹12.29.
The BNP Paribas India Consumption Fund Direct Growth is rated High risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 5000. For units in excess of 10% of the investment,1% will be charged for redemption within 12 months..
The primary investment objective of the Scheme is to seek to generate capital appreciation and provide long-term growth opportunities by investing in companies expected to benefit by providing products and services to the growing consumption needs of Indian consumers, which in turn is getting fuelled by high disposable income. The Scheme also seeks to generate income by investing in debt and money market securities.However, there can be no assurance that the investment objectives of the Scheme will be realized. The Scheme does not guarantee/indicate any returns.
Returns are taxed at 15% if sold before 1 year.
10% tax post one year on returns above 1 Lac.
Scheme Information Document(SID)
Min for First Investment
Min for Second Investment
For units in excess of 10% of the investment,1% will be charged for redemption within 12 months.