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

Written by: Staff

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).


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