Sundaram BNP to launch two schemes
29 Dec 2006
Mumbai: Fund house Sundaram BNP Paribas is launching new fund offers for its two close-ended equity schemes, Equity Multiplier Fund and Small Cap Fund, and expects to collect up around Rs800 crore in the New Year.
Sundaram BNP will invest into small-cap companies, through its Small Cap Fund, which would have a tenure of five years and invest more than 65 per cent into equity and equity-related securities, while exposure to other equities, fixed income and money market securities would be below 35 per cent.
The scheme, with minimum investment of Rs5,000 would be benchmarked against the BSE Small Cap Index and has no entry load, while the exit load would be three per cent up to 12 months of investments and narrow down later.
The MF aims to collect around Rs300 crore through the scheme.
