Sundaram MF Fixed Term Plan - HL, Close ended income scheme, 1100 days

Sundaram MF Fixed Term Plan - HL, Close ended income scheme,  1100 days

Sundaram Mutual Fund(MF) has launched a new fund named as Sundaram Fixed Term Plan - HL, a close ended income scheme with the duration of 1100 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 16 June and closes on 27 June 2016.
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 30% of assets in money market instruments and invest 70%-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 Short Term Bond Fund Index.

The scheme will be managed by Sandeep Agarwal.

Share: