Sundaram MF May Mop Up Rs 2500 Crore

Sundaram BNP Paribas Mutual Fund has so far garnered over Rs 2500 crore through more than 500,000 applications in its energy fund, Managing Director T.P. Raman said. The collection figures are likely to be finalized on 28 December 2007, Raman said. So far we have crossed Rs 2500 crore. Some five banks are still to reconcile and give the numbers. So it will take a day more, he said.

On 18 December it was reported that collection is likely to be over Rs 2400 crore. The three year Sundaram BNP Paribas Select Thematic Funds Energy Opportunities Fund was open for subscription from 12 November-11 December 2007.