19 Apr 2008 | 10:06
Sundaram BNP Paribus MF launches Select Thematic Funds Financial Services Opportunities
Name of Fund: Sundaram BNP Paribas Select Thematic Funds Financial Services Opportunities
Scheme: It is an open-ended equity scheme.
Objective: The objective of the scheme is to seek long-term capital appreciation by investing predominantly in equity and equity related securities of Indian companies engaged in the banking and financial services.
Fund Opens: 17 April 2008
Fund Closes: 14 May 2008
Face Value: Rs 10
Investment Options: The fund offers two plans - regular and institutional plan. The scheme offers two options i.e. growth and dividend options under each plan. The dividend option offers dividend payout and dividend re-investment facilities.
Asset Allocation: The fund will invest 65-100% in equity and equity related instruments predominantly Indian companies relevant to the theme. It will have a 0-35% investment in equity and equity-related instruments outside of the theme. There will be 0-15% investment in fixed income and money market instruments. Equity investments may also include overseas securities, up to a maximum of 35% of net assets of the scheme.
Entry Load: For regular plan, the scheme will charge an entry load of 2.25% for purchases amount of less than Rs 2 crore. For purchases amount greater than or equal to Rs 2 crore, there will no entry load be charged.
The scheme may not charge any entry load for institutional plan.
Exit Load: For regular plan, the scheme will charge an exit load of 1.00% for the investment redeemed within 6 months from the date of allotment. If investment units get redeemed after 6 months but before 12 months, there will be 0.50% an exit load charged. After 12 months, any redemption will not charge an exit load.
The scheme may not charge any exit load under institutional plan.
Minimum Investment Amount: Minimum investment under regular plan is Rs 5,000 and in multiples of Re 1 thereafter. Under institutional plan, minimum investment amount is Rs. 5 crore and in multiples of Re.1 thereafter
Minimum targeted amount: Rs.25 crore.
Benchmark Index: CNX Banks Index.
Fund Manager: For Indian securities: J Venkatesan and for overseas securities: Vijayendiran.
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