Sundaram-BNP Paribas to launch close-end hybrid debt scheme

Mumbai, Sep 14 (UNI) Sundaram-BNP Paribas Asset Management Company Ltd today filed initial papers with the market regulator Securities Exchange Board of India (SEBI) to launch a close-end hybrid debt scheme.

Announcing this, the company's release said Sundaram-BNP Paribas Savings Plus, with a tenure of four-year-and-one-month, will invest in fixed income securities and non-convertible debentures.

The fund house has managed assets worth Rs 5,808 crore till August end, as per the data from Association of Mutual Funds in India (AMFI).

UNI SN SSS AG1826