Sep 14, 2008

Sundaram BNP Paribas MF floats on 367 days plan

01 Sep 2008 | 13:04

Sundaram BNP Paribas MF floats on 367 days plan

Sundaram BNP Paribas commenced launch of Sundaram BNP Paribus Fixed
Term Plan 367 Days?Series 4 on 28 August 2008. The new issue will be
closed for subscription on 4 September 2008. The new offer unit will be
at Rs 10 per unit. The scheme will have maturity of 367 days from the
date of allotment.

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 scheme offers growth and dividend options. The
fund will invest entire corpus in money market instruments. It may also
invest up to 100% in short term and medium term debt instruments and
securitised debt. Investments in securitised debts can be up to 100% of
the net assets.

The Fund will have two investment plans: retail
and institutional plan. Both the plans offer growth and dividend
options. Dividend option will further provide dividend payout and
dividend reinvestment facilities.

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.

The 367 days plan will not charge an entry load while it may charge an exit load of 1.50% for redemptions done before maturity.

Short Term Bond Fund Index is the benchmark index for the respected
scheme. K.Ramkumar & Rahul Pal will manage the scheme.

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