Sundaram MF Fixed Term Plan – GV

Sundaram Mutual Fund  (MF) has launched a new fund named as Sundaram Fixed Term Plan - GV, a close ended income scheme with the duration of 1,103 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 4 February and closes on 5 February 2015.

The objective of the Scheme would be to generate income by investing in debt and money market securities, which mature on or before the maturity of the scheme.

The scheme offers growth and dividend payout (quarterly and half yearly) options.

The scheme will allocate upto 20% of assets in money market instruments and invest 80%-100% of assets in short-term and medium term debt instruments with low to medium risk profile.

The minimum application amount is Rs. 5.000. The scheme is proposed to be listed on NSE.

Entry load: Nil

Exit load: Not applicable.

The scheme's performance will be benchmarked against Crisil Composite Bond Fund Index.

The scheme will be managed by Mr. Sandeep Agarwal.

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