Tuesday, December 22, 2009

Sundaram BNP Paribas PSU Opportunities NFO Closure Date Extended

Extended Upto 24 December 2009 

Sundaram BNP Paribas Mutual Fund has extended New Fund Offer (NFO) closing date of Sundaram BNP Paribas - Select Thematic Funds - PSU Opportunities, an open-ended equity scheme from 23 December to 24 December 2009.

Sundaram BNP Paribas - Select Thematic Funds - PSU Opportunities has the investment objective to seek capital appreciation by investing in equity and equity-related securities of public sector companies to the extent of at least 65%. The fund may also invest in bonds and other fixed-income instruments issued by public sector entities. Under normal circumstances, cash may be deployed in fixed income and money market instruments. Exposure to overseas securities shall not exceed 35% of assets and shall be only related to the theme.