NFO for ‘Sundaram World Brand Fund Series II’ opens today
20/11/2014 11:54
Sundaram Mutual Fund has launched a new close ended equity scheme named “Sundaram World Brand Fund Series II (1800 days)” with maturity period of 1800 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription today and will close on December 2. 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 MSCI ACWI. S Bharath 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 provide long term capital appreciation will be met by investing in a portfolio of equity and equity related securities. Hence, the scheme will allocate 65 to 100 per cent of asset in equity and equity related securities and 0 to 35 per cent of asset in domestic fixed income and money market instruments.
20/11/2014 11:54
Sundaram Mutual Fund has launched a new close ended equity scheme named “Sundaram World Brand Fund Series II (1800 days)” with maturity period of 1800 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription today and will close on December 2. 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 MSCI ACWI. S Bharath 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 provide long term capital appreciation will be met by investing in a portfolio of equity and equity related securities. Hence, the scheme will allocate 65 to 100 per cent of asset in equity and equity related securities and 0 to 35 per cent of asset in domestic fixed income and money market instruments.
