Sundaram Mutual Fund has launched a New Fund Offer (NFO) named as Sundaram Capital Protection Oriented Fund 2 Years (Series 3). NFO is opening on 2nd August 2011 and will get close for subscription on 16th August 2011. This is an open ended equity scheme. The investment objective of the Plan under the Scheme is to seek protection of capital by investing a portion (90% – 100%) of the portfolio in money market instruments and also to provide capital appreciation by investing the balance (0% – 10%) in equity and equity related securities. Sundaram Mutual Fund is one of the largest mutual funds and well-established fund house in the country.
The plans shall offer two options – growth and dividend option. Dividend option offers payout and reinvestment facility.
The plans would invest 60% to 100% of assets in debt & money market instruments including securitized debt. The scheme may invest up to 40% of net assets in government securities.
Entry load : Nil
Exit load : Listed on NSE stock exchange, tradeable.
Mr. Srividhya Rajesh and Mr. S Bharath will jointly manage the fund.
New Fund Offer (NFO) Detail :-
NFO Opens : 2nd August 2011
NFO Closes : 16th August 2011
Scheme Type : Close ended
Scheme Category : Income
Benchmark : CRISIL MIP Blended Index
Entry Load : Nil
Exit Load : Listed on NSE stock exchange, tradeable.
Offer Price : Rs 10.00 per unit
Minimum Subscription : Rs 5000.00 and in muliple of Rs 1.00 thereafter.
For Further Details Please Visit Website : www.sundarammutual.com/Google+