NFO: Sundaram MF launches equity fund

Sundaram Mutual Fund on March 1, 2017 has launched a new scheme namely ‘Sundaram Top 100 – Series – VII for 3 years. 

The scheme is close-ended one and the closing date is set for March 24, 2017.

Following are the details of the new fund offer by Sundaram:

·         Name of the scheme: Sundaram Top 100 - Series - VII (3 years)

·         Launch Date: Mar 1

·         Closing Date: Mar 24

·         Category: Close-ended equity scheme

·       Asset Allocation: 95-100% in equity securities specified as eligible securities under Rajiv Gandhi Equity Savings Scheme and 0-5% in cash and cash equivalents, and money market instruments

·         Risk: Moderately high

·         Performance benchmark: Nifty 100 Index

·         Plans: Regular and direct

·         Options: Growth and dividend

·         Minimum application: 5,000 rupees and in multiples of 10 rupees thereafter

·         Exit Load: Nil

Rahul Baijal will be managing the fund.