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Tuesday, September 30, 2014

Sundaram Fixed Term Plan – GL (1120 Days) Floats On

NFO Period is from 30 September to 07 October 2014 

Sundaram Mutual Fund has launched a new fund named as Sundaram Fixed Term Plan – GL, a close ended income scheme with the duration of 1120 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 30 September and closes on 07 October 2014. 

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 5000 and in multiples of Rs 10 thereafter. 

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

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. 
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