Posts filed under 'BNP Paribas Mutual Fund'
Global restructuring of various financial corporations in the recent past have brought about many changes in the organizations and their owners. Because of restructuring in the global Fortis group, the Fortis Investment Management now became a part of BNP Paribas.
Because of this, Fortis Mutual Fund was renamed as BNP Paribas Mutual Fund and the AMC will be renamed as BNP Paribas Asset Management India Pvt. Ltd. The change in the names, along with the change in scheme names will become effective October 19, 2010.
It may be recalled that BNP Paribas also has a joint venture with Sundaram Finance Ltd. for the mutual fund business in India where BNP Paribas holds a 49.9 per cent stake. Sundaram BNP Paribas Mutual Fund is now renamed as Sundaram Mutual Fund effective October 12, 2010.
October 19th, 2010
ABN AMRO Short Term Income Fund Institutional Plus had a little change in two aspects recently:
1. The Minimum application amount is changed from Rs. 10 Crores to Rs. 5 Crores
2. The Exit load is changed from 0.25% if redeemed within 15 days to 0.15% if redeemed within 90 days
October 21st, 2008
Scheme Name
ABN AMRO Bond Fund
Objective of Scheme
The Investment objective of the scheme is to generate income and capital gains through investments in a portfolio of debt and money market instruments.
Scheme Type
Open Ended
Scheme Category
Income
New Fund Launch Date
29-Sep-2008
New Fund Earliest Closure Date
22-Oct-2008
New Fund Offer Closure Date
22-Oct-2008
Indicate Load Separately
Below 1 Crore Entry Load - NIL Exit Load: 1% if investor redeems / Switches out within 6 Months from date of investment Nil if investor redeems / Switches out after 6 Months from date of investment 1 Crore or above - NIL
Offer Price (Rs.)
10
Minimum Subscription Amount
5000
October 18th, 2008
The Asset Management part of the ABN AMRO group are transferred to the Fortis group as a part of an indirect change in the control of the ABN AMRO Asset Management India Pvt Ltd. The SEBI has given its no-objection for the same amd jemce the name change from ‘ABN AMRO’ to ‘Fortis’.
A window period from October 10, 2008 to November 9, 2008 without any exit load is available (except for the ABN AMRO Tax Advantage Plan).
October 7th, 2008
Scheme Name
ABN AMRO FIXED TERM PLAN - SERIES 14 PLAN A
Objective of Scheme
The Investment objective of the scheme would be to achieve growth of capital through investments made in a basket of fixed income securities usually maturing in line with the time profile of the fund.
Scheme Type
Close Ended
Scheme Category
Income
New Fund Launch Date
22-Sep-2008
New Fund Earliest Closure Date
30-Sep-2008
New Fund Offer Closure Date
30-Sep-2008
Indicate Load Separately
Entry Load - NIL Exit Load: 2% if investor redeems before date of maturity
Offer Price (Rs.)
10
Minimum Subscription Amount
5000
Structure
A 370 day Close-ended Income Scheme with no assured returns.
Plans and Options under the Scheme
The Scheme offers Regular Plan and Institutional Plan, which will have two Sub-Options:-
Growth Option
Dividend Option (Calendar Monthly, Calendar Quarterly, Calendar Half Yearly, Calendar Yearly, and Dividend on Maturity Option).
The Dividend Option offers Dividend Payout and Dividend Re-investment Facilities. There shall be a single portfolio under the scheme i.e. a single portfolio for the Regular and Institutional Plans.
It may be noted that,
For Dividend Payable of Rs. 500/- or less: Automatic Compulsory reinvestment.
For Dividend Payable more than Rs. 500/-: Option to choose between Payout and reinvestment.
September 24th, 2008
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