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BNP Paribas Mutual Fund

BNP Paribas Mutual Fund

 

Till 2004, this AMC used to be known as ABN Amro Mutual fund. In 2007, a consortium, including Fortis Investments, bought into ABN Amro resulting in the AMC changing its name to Fortis Mutual Fund. To complicate matters further for this AMC, global financial realignments lead to Fortis being bought by BNP Paribas in 2009. BNP Paribas was already present in India through a joint venture with Sundaram Asset Management. It had to either sell Fortis Mutual fund's India operations or merge the same into itself. BNP Paribas exited the joint venture with Sundaram and the Fortis AMC was renamed BNP Paribas.

 

The impact of such changes, including the fund management team, has been multi-pronged, with the inability of the management to steer the operations. Despite several changes, the AMC has a fair mix of funds in its stable, though the tilt is towards debt schemes. On the performance front it has been a mixed bag with some badly faring funds along with some good ones.


With BNP Paribas now taking over the reins, it brings with itself a ray of hope, which should also lend stability to the fund offerings.
 

Happy Investing!!

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You can write back to us at PrajnaCapital [at] Gmail [dot] Com

 

 

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Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

 

Invest Tax Saving Mutual Funds Online

Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

 

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

 

These Application Forms can be used for buying regular mutual funds also

 

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

  1. ICICI Prudential Tax Plan  Invest Online
  2. HDFC TaxSaver   Invest Online
  3. DSP BlackRock Tax Saver Fund   Invest Online
  4. Reliance Tax Saver (ELSS) Fund   Invest Online
  5. Birla Sun Life Tax Relief '96 Invest Online
  6. IDFC Tax Advantage (ELSS) Fund  Invest Online
  7. SBI Magnum Tax Gain Scheme 1993   Invest Online
  8. Sundaram Tax Saver   Invest Online
  9. Edelweiss ELSS Invest Online

 

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