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Wednesday, March 18, 2015

Sundaram Select Small Cap Series-III Floats On

NFO period is from 18 March to 26 March 2015

Sundaram Mutual Fund has launched a new fund named as Sundaram Select Small Cap Series-III, a close-ended equity scheme. The tenure of the scheme is 5 years from the date of allotment. The new fund offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 18 March to 26 March 2015. 

The investment objective of the scheme is to seek capital appreciation by investing predominantly in equity/equity-related instruments of companies that can be termed as small-caps. The fund will invest in stocks that are equal to or lower than the 101st stock in the NSE (after sorting the stocks by market-cap in descending order). 

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 securities of companies of small-caps, up to 35% in other equity with high risk profile and up to 35% in Fixed Income and money market securities with low to medium risk profile. Other equity refers to Large-cap and Mid-cap stocks. 

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: Nil. 

Exit load: Not applicable.

Benchmark Index for the scheme is S&P BSE Small Cap Index. 

The fund managers of the scheme are S Krishnakumar (Equity) & Dwijendra Srivastava (Fixed- Income). 
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