Sundaram BNP Paribas MF floats on FTP

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Updated: 22/09/2008 | 12:00 AM IST

Mutual fund

Capital Market

Monday, September 22, 2008 (New Delhi)

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Sundaram BNP Paribas commenced launch of Sundaram BNP Paribus Fixed Term Plan -K on 22 September 2008. The new issue will be closed for subscription on 24 September 2008. The new offer unit will be at Rs 10 per unit.

This scheme is a close-ended scheme with an investment aim of achieving income with minimum volatility by investing in a portfolio of fixed income securities.

The Fund will have two investment plans: retail and institutional plan. Both the plans offer growth and dividend options.

The minimum investment amount under retail plan is Rs 5,000 and in multiples of Re 1 thereafter. Institutional investors will have to apply minimum of Rs 5 lakh and in multiples of Re 1 thereafter.

K.Ramkumar will manage the scheme.

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