GetPaidIndia.com

Sundaram BNP Paribas Global Advantage

January 23rd, 2007

Sundaram BNP Paribas has filed a draft offer document for this new Fund of Funds MF. As per the information from the draft document available for public view on SEBI’s website, the Sundaram BNP Paribas Global Advantage will be an open end Fund of Fund scheme that may primarily invest in units of mutual funds and exchange traded funds in overseas markets, fixed – income and money market securities in domestic as well as in overseas markets.

The Investment Objective of this fund is as follows:

To achieve capital appreciation by investing in units of overseas mutual funds and exchange traded funds, money market instruments in domestic as well as in the overseas markets. Income generation may only be a secondary objective.

The Investment Style of the fund is as follows:

The fund may pursue a diversified style. The style may be diversified in terms of country choice, fund selection, sector selection, stock selection, and buy/sell decisions. If market conditions warrant, the fund manager will, however, have the flexibility to adopt a conservative approach.

Under normal circumstances, the fund will put a minimum of 65% and a maximum of 100% into Unit of mutual funds and
exchange-traded funds listed on overseas stock exchanges. Similarly a minimum of 0% and a maximum of 35% would be put into Money-market instruments in domestic as well as overseas markets.

Investors need to put in a minimum of Rs. 5000 and a minimum additional purchase of Rs. 500 during the NFO period of the offer. The scheme comes in Growth, Dividend – Payout and Dividend - Reinvestment options.

Entry Load

During the New Fund Offer period, the entry load will be 2.75 per cent. When the scheme opens for investment on an ongoing basis, the entry load will be 2.75 per cent. The entry load shall be applicable irrespective of amount of investment. Investment through the SIP route will also attract the entry load. The Trustees reserve the right to alter the load structure at any time of their choice.

Exit Load

There will be a two-tier exit load structure:
1. If a redemption request is received within six months from the date of allotment, an exit load of 1.50 per cent will be charged
2. For any redemption between six months and twelve months from the date of allotment, there will be an exit load of 1 per cent.
3. For redemptions after 12 months from the date of allotment, the exit load is nil

Entry Filed under: Mutual Funds, Sundaram BNP Paribas MF