Fortis Mutual Fund is now BNP Paribas Mutual Fund; Sundaram BNP Paribas MF is now Sundaram MF
October 19th, 2010
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.
Entry Filed under: Mutual Funds, Sundaram Mutual Fund, BNP Paribas Mutual Fund, Fund Houses & AMCs
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