Sundaram Mutual Fund has launched a new fund named as Sundaram Capital Protection Oriented Fund 3 Years (Series 4), a close ended capital protection oriented scheme. The tenure of the scheme is 3 years from the date of allotment of units with capital protection at maturity. The scheme's portfolio structure has been rated as AAA (so) by CRISIL which indicates highest degree of certainty regarding payment of face value of the investment to unit holders. During the New Fund Offer (NFO) the scheme will offer units at Rs 10 per unit. The new issue which is open for subscription from 15 July will close on 29 July 2011.
The objective of this scheme would be to seek income and minimise risk of capital loss by investing in a portfolio of fixed income securities. The scheme may invest a part of the assets in equity to seek capital appreciation.
The scheme offers dividend payout and growth option.
The scheme will allocate 80% to 100% of assets in fixed income securities including money market instruments with low to medium risk profile. It would further allocate upto 20% of assets in equity and equity related instruments with high risk profile. Exposure to derivatives will be limited to 50% of the net asset.
The minimum application amount is Rs 5000 and in multiples of Rs 1 thereafter.
The fund seeks to collect a minimum subscription (minimum target) amount of Rs 1 crore under the scheme during the NFO period.
Entry and exit load charge will be nil for the scheme. In order to provide the liquidity to the investors, the units of the schemes are proposed to be listed on the NSE within 5 business days from the date of allotment.
Benchmark Index for the scheme is CRISIL MIP Blended Index.
Dwijendra Srivastava is the Fund Manager for Debt portion and Srividhya Rajesh is the Fund Manager for Equity portion of the scheme.
Source: http://www.adityabirlamoney.com/news/491020/10/22,24/Mutual-Funds-Reports/Sundaram-MF-Launches-Capital-Protection-Oriented-Fund-with-Tenure-of-3-Year
Posts
No comments:
Post a Comment