Sundaram Mutual Fund (MF)
has launched a new fund named as Sundaram MF Hybrid Fund - Series M, a close
ended hybrid scheme with the duration of 1300 days from the date of allotment
of units.
The New Fund Offer (NFO)
price for the scheme is Rs. 10 per unit.
The new issue will be open for subscription from 19 May and closes on 28 May 2015.
The objective of the Scheme would
be to generate capital appreciation and current income, through a judicious mix
of investments in equities and fixed income securities.
The scheme offers growth &
dividend (payout- Half Yearly and Yearly) options under both regular plan and
direct plan.
The scheme shall invest 55%
to 90% of assets in fixed income securities, up to 20% in money market
instruments and cash equivalents with low to medium risk profile and invest 10%
to45% in equity & equity related instruments with high risk profile.
The minimum application
amount is Rs. 5,000.
Entry load: Nil
Exit load: Not applicable.
The scheme's performance
will be benchmarked against CRISIL MIP Blended Index.
The scheme will be managed
by Mr. Siddharth Chaudhary and Mr. Shiv Chanani.
No comments:
Post a Comment