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Tuesday, October 21, 2014

Sundaram Hybrid Fund – Series L (5 Years) Floats On

NFO period is from 17 October to 31 October 2014 

Sundaram Mutual Fund has launched a new fund named as Sundaram Hybrid Fund – Series L, a five year close end income scheme. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue is open for subscription from 17 October to 31 October 2014. 

The objective of the Scheme would be to generate capital appreciation and current income, through a judicious mix of investments in equities and fixed income securities. 

The scheme offers dividend payout (half yearly & yearly) and growth option. 

The scheme will allocate upto 65%-90% of assets in fixed income securities, upto 20% of assets in money market instruments & cash equivalent with low to medium risk profile and invest upto 10%-35% in equity and equity related instruments with high risk profile. 

The minimum application amount is Rs 5000 and in multiples of Rs 1 thereafter. 

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

Entry load: Nil. 

Exit load: Not applicable. 

The scheme's performance will be benchmarked against CRISIL MIP Blended Index. 

The fund managers of the scheme are Siddharth Chaudhary and Shiv Chanani. 
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