Sundaram BNP Paribus Mutual Fund has ceased Sundaram BNP Paribus Select Debt -Dynamic Asset Plan with effect from April 7, 2009. The scheme has been wound up as it fell to fulfill the provision of the minimum 20 investors in schemes, as stated in Regulation 39 (2)(c) of Securities and Exchange Board of India Regulations, 1996.
As per the Sebi circular dated December 12, 2003, stated that each scheme and individual plan(s) under the schemes should have a minimum of 20 investors and no single investor should account for more than 25% of the corpus of such scheme/plan(s). In the case of non-fulfillment with above conditions, accordingly schemes /plans shall be wound up. Accordingly, there would be no further activity and no further units would be created in the Plan.
Sundaram BNP Paribus Select Debt -Dynamic Asset Plan, which was launched in August 2002 with an objective to seek to earn regular income by investing primarily in fixed income securities.
As per the Sebi circular dated December 12, 2003, stated that each scheme and individual plan(s) under the schemes should have a minimum of 20 investors and no single investor should account for more than 25% of the corpus of such scheme/plan(s). In the case of non-fulfillment with above conditions, accordingly schemes /plans shall be wound up. Accordingly, there would be no further activity and no further units would be created in the Plan.
Sundaram BNP Paribus Select Debt -Dynamic Asset Plan, which was launched in August 2002 with an objective to seek to earn regular income by investing primarily in fixed income securities.
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