Sundaram BNP Paribas Mutual Fund launched Sundaram BNP Paribus Fixed Term Plan -90 days Series 9 on 17 November 2008. The new issue will be closed for subscription on 18 November 2008. The new fund 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 scheme offers two options - retail option and institutional option with growth and dividend option.
The dividend option offers dividend reinvestment facility. The fund will invest up to 100% in money market instruments. The scheme will also invest up to 100% in short term and medium term debt instruments and securitized debt. The debt investment may include securitized debt up to 100% of the net assets.
The dividend option offers dividend reinvestment facility. The fund will invest up to 100% in money market instruments. The scheme will also invest up to 100% in short term and medium term debt instruments and securitized debt. The debt investment may include securitized debt up to 100% of the net assets.
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