Investment manager for Sundaram Mutual Fund sponsored by Sundaram Finance & Newton Group in 1996. Newton exited in 2002.
BNP Paribas Asset Management (BNPP AM) became a partner in 2006. In 2010, as part of a global acquisition, the parent company of BNP Paribas Asset Management has acquired the banking and financial services activities of the Fortis Group. Hence, Sundaram Finance has fully bought out BNP Paribas stake and has taken 100% charge of the business.
The mutual fund is now fully sponsored by Sundaram Finance and it holds a 100% stake in the Asset Management Company and the Trustee Company
Mr. T V Sundaram Iyengar founded the group in 1911 as a bus service
Considered as one of the most respected names in Indian business
Leaders in quality management
Pioneers in employee welfare, customer satisfaction and values
Sponsor: Sundaram Finance Limited
Trustee: Sundaram Trustee Company Ltd
Investment Manager: Sundaram Asset Management Company Limited Statutory Details: Sundaram Mutual Fund, a trust set up under the provisions of the Indian Trust Act, and registered with SEBI vide Registration No.MF/034/97/2.
|Scheme Name||NAV(Rs.)||1m %||3m %||6m %||1y %||3y %|
|Sundaram Flexible - FIP - Direct (G)||20.06||1.1||2.31||3.69||13.9||0|
|Sundaram Flexible - FIP (G)||19.99||1.09||2.26||3.61||13.72||7.84|
|Sundaram Banking & PSU Debt Fund - Dir (G)||10.33||0.79||1.91||0||0||0|
|Sundaram Banking & PSU Debt Fund (Qrtly-B)||10.32||0.78||1.88||0||0||0|
|Sundaram Banking & PSU Debt Fund (G)||10.32||0.78||1.86||0||0||0|
Sundaram Towers, 2nd Floor,
46 White Road, Royapettah,
Chennai 600 014
1st Floor, Maangalaya, Purnarbhav,
132, Brigade Road,
|Phone : 044-2858 3362 / 3367||Phone : 080-22076707|
|Email : email@example.com||Email : firstname.lastname@example.org|
|Website : www.sundarammutual.com||Website : www.sundarammutual.com|
capital market/10:28, Aug 26, 2015
NFO period is from 26 August to 27 August 2015
The old adage Sell in May seems to have been ignored largely in second half of the month as the market left behind the carnage of March & April. . A move above the downward sloping trendline (above 8,550) would prove to be icing on the cake and market looks poised to see further build up after the gains of May.
Strength of every market is judged on corrections. After Mondays turnaround it is important to observe that if the recovery turns out to be sluggish and market starts to give up gains, will it find support around 8,200 or not? As of now, it will act as a new support line for the bulls.
Barriers in life come and go but 8,350 is acting as a tough one since the third week of April. This consolidation at the bottom has taken shape of a bullish H&S pattern. A move above the same could result in reversal of the trend.
However, it is imperative to understand that demographics eventually shape the dynamics of an economy.
CIBIL REPORTS are being touted as the solution to all credit decisions. To my mind, such a mindset could be extremely damaging. In this article, I will try to explain why.