Sundaram MF’s NFO to close on September 24
15/09/2014 11:26
Sundaram Mutual Fund has launched a new close ended equity scheme named “Sundaram Select Micro Cap Series VI (42 Months)” with maturity period of 42 months from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on September 10 and will close on September 24. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The options available under the Plan of the Scheme are Growth and Dividend Payout option. The performance of the scheme will be benchmarked against S&P BSE Small Cap Index. S Krishnakumar and Dwijendra Srivastava will be the Fund Managers of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to seek capital appreciation will be met by investing in a portfolio of equity and equity related securities of companies of micro-caps, other equity and fixed income and money market securities. Hence, the scheme will allocate 65 to 100 per cent of asset in equity and equity related securities of companies of micro-caps, 0 to 35 per cent of asset in other equity and 0 to 35 per cent of asset in fixed income and money market securities.
15/09/2014 11:26
Sundaram Mutual Fund has launched a new close ended equity scheme named “Sundaram Select Micro Cap Series VI (42 Months)” with maturity period of 42 months from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on September 10 and will close on September 24. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The options available under the Plan of the Scheme are Growth and Dividend Payout option. The performance of the scheme will be benchmarked against S&P BSE Small Cap Index. S Krishnakumar and Dwijendra Srivastava will be the Fund Managers of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to seek capital appreciation will be met by investing in a portfolio of equity and equity related securities of companies of micro-caps, other equity and fixed income and money market securities. Hence, the scheme will allocate 65 to 100 per cent of asset in equity and equity related securities of companies of micro-caps, 0 to 35 per cent of asset in other equity and 0 to 35 per cent of asset in fixed income and money market securities.
