Sundaram Mutual, one of India’s leading retail-focused mutual
funds, has launched Sundaram TOP 100 – Series-I, a three-year closed-end equity
scheme. Sundaram Mutual, ranked amongst top ten in its folio concentration in
the mutual fund industry, has launched
Sundaram TOP 100 – Series-I which aims to invest predominantly,
between 95-100 percent, in equity securities specified as eligible securities for RGESS.
The scheme has no entry load and the units of the scheme will be
listed on the National Stock Exchange (NSE) within five business days from the date of allotment. Sundaram TOP 100 – Series-I, the New
Fund Offer, opened for the subscription on May 5, 2014 and closes on May 23, 2014.
Commenting on the launch of Sundaram TOP 100, Mr. Harsha Viji, Managing Director, Sundaram Mutual Fund said, “Sundaram Mutual is known
for unearthing investment opportunities with its research based approach. Sundaram TOP 100, intended as a wealth building
tool for investors, endeavours to unearth the deep value hidden in several Indian companies.”
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| Mr. Harsha Viji ,MD, Sundaram Mutual Fund |
Mr.Sunil Subramaniam, Deputy CEO, Sundaram Mutual,
said, “We at Sundaram Mutual believe
that the stage is set for the impending up-move in the economy and
markets, we believe that well
researched ideas with good fundamentals will hugely benefit from
the anticipated upsurge in the
markets and economy. Sundaram TOP 100 is created with a bouquet of
handpicked ideas that
intend to deliver value to the investors.”
Sundaram Mutual has entrusted Sundaram TOP 100’s fund management
to Mr.J.Venkatesan. The performance of the scheme is benchmarked against CNX 100.
Sundaram TOP 100 – Series-I shall invest in eligible securities as
per Rajiv Gandhi Equity Savings Scheme, 2012.
About Sundaram Mutual Fund:
Sundaram Mutual Fund, a major player in the fund management with
retail focus, has an
accomplished and acclaimed track record since it commenced
business in 1996 with assets under
management of about Rs.16760.47 crores (USD 2.77 billion) as on
April 30, 2014.
Sundaram Mutual Fund has a bouquet of equity and fixed-income
funds catering to diverse investor
preferences.
Sundaram Mutual Fund has 43 branches across India covering all
leading centers.
For more information on Sundaram Mutual Fund and its products and
the changed scheme names,
please visit www.sundarammutual.
For media Contact
Harit Tank
Media Relations Desk
Sundaram Mutual
harit.smf@gmail.com
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