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Baroda Pioneer MF introduces Trigger Facility
Mar 21, 2018
Baroda Pioneer Mutual Fund has introduced trigger facility under all existing Equity Funds (Except Baroda Pioneer ELSS '96) with effect from March 21, 2018. Under this facility, the investment will automatically get switched out of the specified scheme, upon happening of an event selected by the unit holder.
Unit holders can choose any of the following options to trigger the switch.
a) 1. Investment value - When the invested amount appreciates to a certain defined value or appreciates by the chosen percentage indicated in the form - Entire invested amount along with capital appreciation will be switched out.
2. Capital Appreciation - When the invested amount appreciates to a certain defined value or appreciates by the chosen percentage indicated in the form - only the capital appreciation portion will be switched out.
3. NAV Appreciation - when the NAV of the Scheme / Plan reaches the investor indicated number or appreciates by the chosen percentage indicated in the form - entire amount will be switched out.
4. Index- When the index level crosses the investor indicated number of the Index value rises by the chosen percentage indicated in the form - entire amount will be
5. On Date - Trigger will be activated on a future date as specified by the unit holder in the form. In case such future chosen date does not happen to be a business day, the trigger will be activated on the next business day.
b) When the trigger is activated switch as applicable will be triggered on the next business day into the switch-in schemes viz. Baroda pioneer liquid fund (an open-ended liquid scheme) / Baroda Pioneer Treasury Advantage Fund (an open-ended debt scheme), as may be specified by the unit holder.
c) Trigger facility shall be subject to applicable exit load, in any, in the switch out schemes.