Sundaram BNP Paribas Mutual Fund has submitted an offer document with the Securities and Exchange Board of India (SEBI) to introduce Sundaram BNP Paribas Select Thematic Funds PSU Opportunities Fund – an open-ended equity scheme.
The investment objective of the scheme is to achieve capital growth by investing in equity and equity-related securities of public sector companies as well as in bonds and other fixed-income instruments issued by public sector entities.
We believe that this is a unique offering from Sundram BNP, encashing disinvestment and corporatisation of PSU entities by the Government which will lead to more efficient running and sustainable profit growth .
The face value of the proposed scheme is Rs 10 per unit. This scheme will offer two plans, regular and institutional, with sub-options dividend (dividend payout and dividend re-investment facilities) and growth.