Sundaram Equity Fund Collects ₹358 crore
Sundaram Mutual’s recent
NFO,Sundaram Equity Fund,which closed for subscription on August 30, 2019 has raised
₹358 crore from 30,932 investors.
The fund, an open-ended equity scheme in the
Multi Cap category, will deploy its corpus across Large, Mid and Small
capitalization stocks. Sundaram Equity Fund re-opens for fresh subscriptions on
Sep 16, 2019.
Commenting on the success of Sundaram Equity Fund,
Mr. Sunil Subramaniam, Managing Director, Sundaram Mutual said, “I wish
to thank the more than 30,000 investors for reposing their faith in our fund
house with a substantial corpus even in such volatile times for the Economy and
the Markets.
A significant portion of this success can be
attributed to the strong multimedia marketing campaign across the Print,
Television and the Digital channels.
The product marketing video on You Tube
was viewed by a record 28 million people. Thanks is also due to the sustained
effort of more than 3600 distribution and advisory partners who have leveraged
the product’s visibility to mobilize investments across 488 unique cities and
towns from the remotest parts of the country.
We will strive to live up to our
tagline of delivering NURTURED GROWTH and the expectations of our investors to
OPTIMISE THE RISK-REWARD RATIO WHILE SEEKING TO ACHIEVE CAPITAL APPRECATION.”
The fund will be managed by Mr. S. Krishnakumar, CIO - Equity, as well
as equity fund manager, Mr. S. Bharath. The performance of the scheme will be
benchmarked against S&P BSE 500 TRI Index.
Fund Synopsis:
Scheme Name
|
Sundaram Equity Fund
|
Scheme Type
|
An open-ended equity scheme investing across large cap, mid cap, small cap stocks
|
Investment Objective
|
The investment objective of the scheme is to generate capital appreciation by investing in a diversified portfolio of equity & equity related instruments across market capitalization
|
Asset Allocation:
Type of Instruments
|
Minimum
|
Maximum
|
Risk Profile
|
Equity & Equity related securities across market capitalization
|
65%
|
100%
|
Medium to High
|
Fixed Income and Money Market Instruments ^/ Cash & Cash equivalents
|
0%
|
35%
|
Low to Medium
|
Benchmark
|
:
|
S&P BSE 500 TRI Index
|
Fund Managers
|
:
|
S. Krishnakumar, S. Bharath (Equity), Dwijendra Srivastava (Fixed Income), RohitSeksaria (Overseas)
|
Minimum Application Amount
|
:
|
For both Regular and Direct Plan: Rs. 100 and multiples of Re. 1 thereafter per application.
|
Load Structure
| ||
Entry Load
|
:
|
N/A
|
Exit Load
|
:
|
For redemption within 12 months from the date of allotment: 1%.
For redemption on or after 12 months from the date of allotment: Nil |
Sundaram Equity Fund is suitable for investors who are seeking*
· Capital appreciation over medium to long term.
· Investment in equity and equity-related securities of companies across various market capitalization.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
|
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
About Sundaram Asset Management Company:
Sundaram Asset Management Company, a significant
player in the fund management space along with its subsidiaries has assets
under management of about INR 34,357 crores as on August 31, 2019. The brand
has a strong retail focus with over 1.1 million active investors, and 93
branches across the country.
Sundaram Asset Management Company has a bouquet of
fourteen equity and eleven fixed-income funds catering to diverse investor
preferences.
For Media Enquiries:
Harit S. Tank
Phone: 022 – 30100215 Mobile: +91 98194 55607.
Ajit Narasimhan
Phone: 044 – 28569900/ Dir.: 044 – 28569805 Mobile: +91 98840 88925.
Email:
ajitn@sundarammutual.com
No comments:
Post a Comment