Saturday, 26 March 2011

BNP Paribas Fixed Term Fund - Series 21 I

BNP Paribas Mutual Fund launched a New Fund Offer named BNP Paribas Fixed Term Fund – Series 21 I. This is a Fixed Maturity Plan (FMP). The New Fund Offer price is Rs. 10 per unit and this is a close ended income scheme.  The NFO in already opened in the market on 26th March, 2011 and the closing date is 31st March, 2011.

The Investment objective of the scheme would be to achieve growth of capital through investments made in a basket of fixed income securities maturing on or before the maturity of the scheme.

The minimum investment of this scheme is Rs. 5000 and the multiples of Rs. 10 thereafter.

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