MFIs/MFDs/RIAs are hereby informed that we have received communication from BNP PARIBAS Mutual Fund regarding change in Minimum Number of Installment against the SIP Investment Amount Range under SIP frequency for all the schemes except for BNP Paribas Long Term Equity Fund on BSE StAR MF Platform with immediate effect.
The SIP/ISIP/XSIP investment amount range and requirement of minimum installment numbers for the schemes are given below:
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SIP FREQUENCY
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SIP INVESTMENT AMOUNT RANGE
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MINIMUM NUMBER OF INSTALLMENT
|
|
DAILY / MONTHLY
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RS. 300 TO RS.499
|
20
|
|
RS. 500 TO RS.999
|
12
|
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RS. 1000 TO ANY AMOUNT
|
6
|
|
QUARTERLY
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RS. 1000 TO ANY AMOUNT
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6
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MFIs/MFDs/RIAs are also hereby informed that, as confirm by BNP PARIBAS AMC if SIP/ISIP/XSIP's gets registered on BSE star MF platform for Daily, Monthly and Quarterly frequency between the above investment amount range then minimum installment numbers should be selected by members as provided in above table to avoid rejections from AMC end.
The Addendum is attached herewith for further reference.
Ketan Jantre Zeeta Eustace
Sr. General Manager – Mutual Funds Assistant General Manager – Mutual Funds |