Sundaram MF Select Micro Cap - Series VIII, a closed-end equity scheme.

Sundaram Mutual Fund has launched a new fund named as Sundaram MF Select Micro Cap - Series VIII, 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 01 October will close on 15 October 2015.

The objective of the Scheme would be to generate capital appreciation by investing predominantly in equity/ equity-related instruments of companies that can be termed as micro-caps.

The scheme offers dividend payout and growth option.

The scheme will invest upto 65% to 100% in equity & equity related securities of companies of micro-caps with high risk profile. On other hand it would invest upto 35% in other equity with high risk profile and fixed income and money market securities with low to medium risk profile.

The minimum application amount is Rs 5,000.

The fund seeks to collect a minimum subscription amount of Rs 20 crore under the scheme during the NFO period.

Entry load and exit load charge is not applicable for the scheme.

The scheme's performance will be benchmarked against S&P BSE Small Cap Index.

The fund managers of the scheme are S Krishnakumar & Dwijendra Srivastava.

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