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Launch of FTP-Series IX by Sundaram BNP Paribas

Sundaram BNP Paribas has launched a new fixed term plan: Sundaram BNP Paribas Fixed Term Plan- Series IX. The NFO of this fund is open for two days i.e. September 25 and 26, 2006.

The fund would be investing in fixed term securities and money market instruments maturing normally in line with the time profile of the plan. The fund offers Dividend (with dividend re-investment facility) and Growth option.

The minimum investment amount in the plan is Rs. 5000. The performance of the fund would be benchmarked against Crisil Liquid Index. The fund would not charge any entry load, but it will charge an exit load of 1.5% if redeemed before maturity.

Fund’s initial issue expenses shall be borne by the AMC. Mr. Dheeraj Singh would be the fund manager of the scheme.