MUMBAI, June 22: Baroda Pioneer Asset Management Company Limited (BPAMC) today announced the launch of Baroda Pioneer Dynamic Bond Fund an open-ended fixed income scheme that will invest entirely in fixed income instruments across various maturity profiles.
BPAMC is a joint venture between Bank of Baroda and Pioneer Global Asset Management SpA.
The fund aims to generate returns in the form of interest income and capital gains, by managing the portfolio dynamically through interest rate cycles.
The Baroda Pioneer Dynamic Bond Fund is intended to give the investor an opportunity to develop a portfolio, while retaining the liquidity that is inherent to an open ended scheme, a release said. (UNI)
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