Sundaram World Brand Fund Series I-III files offer document with Sebi

A close-ended equity scheme 

Sundaram Mutual Fund has filed offer document with Sebi to launch Sundaram World Brand Fund Series I-III, a close-ended equity scheme. The New Fund Offer price is Rs 10 per unit. The Mutual Fund proposes to offer 3 series of Sundaram World Brand Fund-Series I-III (comprising series I, II & III) with tenure of 18 months to 60 months. 

Investment objective: To provide long term capital appreciation to investors by primarily investing in equity and equity related securities listed on recognized overseas stock exchanges across the world. 

Options/plans: Growth and dividend (payout) options under both regular plan and direct plan. 

Benchmark: MSCI ACWI 

Loads: Nil 

Minimum Application Amount: Rs.5,000 and in multiples of Rs 10 thereafter. 

Minimum Target Amount: Rs 10 crore 

Asset Allocation: The scheme shall invest 65-100% in equity and equity related Instruments listed on recognized overseas stock exchanges across the world*. The scheme shall also invest up to 35% in domestic fixed income and money market instruments. 

* The scheme will not have any exposure to equity and equity related securities issued by Indian companies and to securities listed in stock exchange(s) in India. 

Fund Managers: S Bharath (Equity Portfion) & Dwijendra Srivastava (Fixed Income Portion). S Bharath is the dedicated fund manager for investment in overseas securities.