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  • 29

    Jul
    2019

    Sundaram Equity Fund Floats On

    Sundaram Mutual Fund has unveiled a new fund named as Sundaram Equity Fund, an open ended scheme investing across large cap, mid cap, small cap stocks. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue is open for subscription from 16 August 2019 and closes subscription on 30 August 2019.

    The investment objective of the scheme is to generate capital appreciation by investing in a diversified portfolio of equity & equity related instruments across market capitalisation.

    The scheme shall offer two options i.e. growth and dividend option under both regular and direct plan. Dividend has dividend re-investment, dividend payout and dividend sweep facility.

    The scheme shall invest 65% - 100% of asset in equity & equity related securities across market capitalisation with medium to high risk profile and invest upto 35% of asset in fixed income and money market Instruments / Cash & Cash equivalents with low to medium risk profile.

    The minimum application amount is Rs 100/- and in multiples of Re 1 thereafter.

    The minimum additional purchase amount Rs 100/- & in multiples of Re 1 thereafter

    The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme during the NFO period.

    Entry load: Nil

    Exit load: For redemption within 12 months from the date of allotment - 1%.

    For redemption on or after 12 months from the date of allotment - Nil

    The performance of the scheme will be benchmarked against S&P BSE 500 TRI Index

    The fund managers of the scheme are Krishnakumar & S Bharath (Equity) and Dwijendra Srivastava (Fixed Income).

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