About Baroda Treasury Advantage Direct Fund-Dividend Daily
Baroda Treasury Advantage Direct Fund-Dividend Daily is a Debt
mutual fund scheme from Baroda Mutual Fund
. This scheme was launched on 01 Jan 2013 and is currently managed by its fund managers Hetal P Shah
and Alok Sahoo
. It has an AUM of ₹182.89 Crores and the latest NAV decalared is ₹814.270 as on 15 Oct 2019 at 9:45 pm.
Baroda Treasury Advantage Direct Fund-Dividend Daily scheme return performance in last 1 year is -16.17%, in last 3 years is -3.25% and 37.20% since scheme launch. The min. SIP amount to invest in this scheme is ₹500.
The fund aims to generate regular returns from investments in fixed income instruments, while maintaining adequate liquidity. The fund will invest a minimum of 65% of its assets in money market instruments while investing the rest in debt instruments.
About Fund Category
Low Duration Funds maintain a portfolio of high-rated debt and money market instruments. Since the portfolio has a Macaulay duration of around 6 to12 months, these funds try to achieve a balance of safety, liquidity and yield. Investors may find these funds suitable to earn regular income on short term surplus money.