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Tuesday, December 02, 2014

Sundaram World Brand Fund – Series III (5 Years) Floats On

NFO period is from 02 December to 16 December 2014

Sundaram Mutual Fund has launched a new fund named as Sundaram World Brand Fund – Series III, a closed-end equity scheme. The tenure of the scheme is 5 years from the date of allotment of units. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue which is open for subscription from 02 December will close on 16 December 2014. 

The investment objective of the scheme is 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. 

The scheme offers growth and dividend (payout) options under both regular plan and direct plan. 

The scheme shall invest 65-100% in equity & equity related instruments listed on recognized overseas stock exchanges across the world with high risk profile and up to 35% in domestic fixed income and money market 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 (minimum target) amount of Rs 10 crore under the scheme during the NFO period. 

Entry load & exit load will be Nil. 

Benchmark Index for the scheme is MSCI ACWI Index. 

The fund managers of the scheme are S. Bharath & Dwijendra Srivastava. S. Bharath is the dedicated fund manager for investment in overseas securities. 
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