BNP Paribas Mutual Fund that with effect from 23 February 2012, in case multiple applications are received for subscriptions/ purchase/switch-in under a designated income/debt oriented scheme (irrespective of the plan/option) of the Fund for an aggregate investment amount equal to or more than Rs. 1 crore on any business day, then such applications shall be consolidated at a Permanent Account Number (PAN) level. Such consolidation shall be done irrespective of the number of folios under which the investor has invested or through direct/through distributor route.
Accordingly, the applicable NAV for such investments shall be the day on which funds are available for utilization before the cut off time. In case the funds are received under the scheme on separate days and are available for utilization on different Business days before the cut off time, then the applicable NAV shall be the Business day on which the cleared funds are available for the respective application amount.