BNP Paribas MF announces Merger of Schemes

Mutual Funds

oi-Monika Nihalani

By Monika Nihalani

Published: Monday, July 4, 2011, 15:00 [IST]

BNP Paribas Mutual Fund has decided to merge three of its schemes i.e. BNP Paribas Opportunities fund, BNP Paribas Sustainable Development Fund, BNP Paribas China-India Fund into BNP Paribas Equity Fund. BNP Paribas Equity Fund is an open ended equity scheme.

The growth and dividend option under the Merging Schemes shall be merged into growth and dividend options under BNP Paribas Equity Fund respectively.

The Dividend Reinvestment Options and Dividend Payout Options under the Merging Schemes shall be merged into the Dividend Reinvestment Options and Dividend Payout Options under BNP Paribas Equity Fund respectively.

Accordingly, unit holders of growth or dividend options under the Merging Schemes shall be allotted units in growth or dividend option of BNP Paribas Equity Fund respectively.

In case the investor is not in agreement with the aforesaid change, investors have the option to exit without payment of any exit load. This option of exit can be exercised from July 11, 2011 to August 10, 2011.

Performance of BNP Paribas Equity Fund

BNP Paribas Equity Fund has given 10.94% return in the span of five years and in contrast Sensex has given 12.08%, where S&P CNX Nifty has given 12.46% returns. (Data from: www.valueresearchonline.com)

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