Today's Top Gainer
Note:Top Gainer - Nifty 50 More
|Scheme Name||NAV(Rs.)||1m %||3m %||6m %||1y %||3y %|
|Sundaram Short Term Credit Risk Fund - (G)||24.61||[5.10]||0||0||[5.51]||0|
|Sundaram Short Term Debt Fund (G)||28.97||[4.54]||0||0||[4.40]||0|
|Sundaram Short Term Debt Fund (Bonus)||14.46||[4.54]||0||0||[4.40]||0|
|Sundaram Low Duration Fund - Regular (G)||23.86||[3.65]||0||0||[2.01]||0|
|Sundaram Low Duration Fund - Retail (G)||21.63||[3.65]||0||0||[2.01]||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 : firstname.lastname@example.org||Email : email@example.com|
|Website : www.sundarammutual.com||Website : www.sundarammutual.com|
Sundaram Mutual Fund
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 LimitedStatutory 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.
capital market/10:45, Jun 10, 2019
With effect from 06 June 2019
India Infoline News Service/10:50, Oct 27, 2017
Balance funds are a mix of stocks and bonds which reflects a moderate approach. The primary goal of balanced funds is to create regular and stable income by investing in debt securities and invest a portion in equity for capital appreciation.
Daily chart analysis indicates that Nifty FMCG index is on the verge of an Inverse Head and Shoulder pattern breakout. A close above the 25270 mark will confirm the same.
With strength in Oil & gas and pharma sector, the decline in Nifty has got arrested while broader index like CNX 500 is yet to confirm a bottom (though the selling pressure has stopped). Hence the composition of Nifty turns out to be better in assisting quick recovery and we feel that the stage is set for the key indices to surge higher towards 8,400.
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.
Growth will come back and people will take time to adjust, which is why we will spend the next 1-1.5 years in a consolidation phase....