Mutual funds wrap: Would SEBI direct BoB and BNP Paribas MFs to consolidate schemes post merger?

Money Control | Oct 12, 2019 at 8:51 PM
  • State-run Bank of Baroda-owned Baroda Asset Management Company (AMC) and BNP Paribas AMC on Oct 11 announced merger to form an asset management joint venture.
  • BoB mutual fund (MF) has current assets under management (AUM) of Rs 10,000 crore plus and BNP Paribas MF has another Rs 9,700 crore plus.
  • It’s likely while giving NoC to handshake approval between BoB MF and BNP Paribas MF, SEBI will broach consolidation action of schemes from investor viewpoint.