Sundaram MF World Brand Fund - Series III - NFO

Sundaram Mutual Fund (MF) has launched a new fund named as Sundaram World Brand Fund - Series III, a closed-end equity scheme.

The tenure of the scheme is 5 years from the date of allotment of units.

The New Fund Offer (NFO) price for the scheme is Rs. 10 per unit.

The new issue which is open for subscription from 2014 December - 2, will close on  December 16.

The investment objective of the scheme is to provide long term capital appreciation to investors by primarily investing in equity and equity related securities listed on recognized overseas stock exchanges across the world.

The scheme offers growth & dividend payout options under both regular plan and direct plan.

The scheme shall invest 65% to 100% in equity and equity related instruments listed on recognized overseas stock exchanges across the world with high risk profile & up to 35 % in domestic fixed income & money market instruments with low to medium risk profile.

The minimum application amount is Rs. 5000
.
Entry load & exit load will be Nil.

Benchmark Index for the scheme is MSCI ACWI Index.

The fund managers of the scheme are Mr. S. Bharath & Mr. Dwijendra Srivastava. Mr. S. Bharath is the dedicated fund manager for investment in overseas securities.

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