Sundaram Mutual Fund (MF) has launched a new fund named as Sundaram MF Fixed
Term Plan - GZ, a close ended income scheme with the duration of 1110 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 24 July and
closes on 25 July 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 & half yearly)
options.
The scheme will allocate upto 20% of assets in money market instruments and
invest 80% to 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 and in multiples of Rs, 10
thereafter.
The fund seeks to collect a minimum subscription amount of Rs. 20 crore
under the scheme during the NFO period.
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 Sandeep Agarwal.
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