3 years maturity period scheme launched by Sundaram MF
15/12/2014 12:07
Sundaram Mutual Fund has launched a new close ended equity scheme named “Sundaram Value Fund Series I” with maturity period of 3 years 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 December 12 and will close on December 26. 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 500 Index. J Venkatesan, Dwijendra Srivastava and S. Bharath 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 capital appreciation will be met by investing in a portfolio of equity & equity related securities and fixed income & money market securities. Hence, the scheme will allocate 80 to 100 per cent of asset in equity & equity related securities and 0 to 20 per cent of asset in fixed income & money market securities.
15/12/2014 12:07
Sundaram Mutual Fund has launched a new close ended equity scheme named “Sundaram Value Fund Series I” with maturity period of 3 years 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 December 12 and will close on December 26. 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 500 Index. J Venkatesan, Dwijendra Srivastava and S. Bharath 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 capital appreciation will be met by investing in a portfolio of equity & equity related securities and fixed income & money market securities. Hence, the scheme will allocate 80 to 100 per cent of asset in equity & equity related securities and 0 to 20 per cent of asset in fixed income & money market securities.
