Sundaram BNP Paribas MF to launch new scheme

Sundaram BNP Paribas Mutual Fund is likely to launch its capital protection schemes in July. The fund house has sought regulatory approval to launch Sundaram BNP Paribas Suraksha - Series I-3 Years and Sundaram BNP Paribas Suraksha - Series I -5 Years in November 2006 and had received the nod from the Sebi in January 2007.

Meanwhile, Sundaram BNP Paribas and Saraswat Co-op Bank entered into a tie up to form a strategic distribution alliance. As per the memorandum of understanding (MOU) signed between them, the bank will distribute the entire bouquet of Sundaram BNP Paribas Mutual Fund schemes across its branches.