BNP Paribas MF ceases to exist as mutual fund

BNP Paribas Mutual Fund ceases to exist as a mutual fund, capital markets regulator Sebi said.

This comes after BNP Paribas Asset Management Company Private Limited (BNPP AMC) informed Sebi that it wants to surrender the registration granted to BNP Paribas Mutual Fund by the market regulator pursuant to change in control.

Following this, Sebi has accepted the request for surrender of registration certification of BNP Paribas MF (BNPP MF).

“Consequently, BNPP MF ceases to exist as a mutual fund with effect from April 13, 2022,” the Securities and Exchange Board of India (Sebi) said in a statement.