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Friday, March 12, 2010 12:04 Hrs IST
Sundaram BNP Paribas MF Launches Fixed Maturity Plans
Close ended income schemes
Sundaram BNP Paribas Mutual Fund has launched 6 fixed maturity plans. All these are close ended income schemes. The New Fund Offer (NFO) price for the schemes is Rs 10 per unit. The scheme name, maturity and NFO period are as follows.
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Scheme |
Maturity Period |
NFO Period |
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Sundaram BNP Paribas FTP AA |
14 Months |
12 March to 17 March 2010 |
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Sundaram BNP Paribas FTP - T |
367 Days |
12 March to 22 March 2010 |
|
Sundaram BNP Paribas FTP - U |
367 Days |
12 March to 24 March 2010 |
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Sundaram BNP Paribas FTP - V |
367 Days |
12 March to 6 April 2010 |
|
Sundaram BNP Paribas FTP - W |
367 Days |
12 March to 8 April 2010 |
|
Sundaram BNP Paribas FTP - X |
367 Days |
12 March to 8 April 2010 |
The objective of the scheme would be to generate income with minimum volatility by investing in debt and money market securities, which mature on or before the maturity of the scheme.
Each scheme offers dividend payout and growth option.
The schemes will allocate up-to 100% of assets in money market instruments, short-term, medium-term debt instruments and securitized debt with low to medium risk profile. Investment in securitized debt can be up-to 100% of the net assets.
Entry load and exit load charge is not applicable for the schemes. The schemes are proposed to be listed on NSE.
The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter.
The fund seeks to collect a minimum subscription amount of Rs 1 crore under each scheme during the NFO period.
The schemes performance will be benchmarked against Crisil Short-Term Bond Index.
The fund managers of the schemes will be K Ramkumar & Rahul Pal.
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