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Wednesday, May 27, 2015

Sundaram Hybrid Fund – Series N Floats On

NFO period is from 27 May to 10 June 2015 

Sundaram Mutual Fund has launched a new fund named as Sundaram Hybrid Fund – Series N, a close ended hybrid scheme with the duration of 1300 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 27 May and closes on 10 June 2015. 

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 growth and dividend (payout- Half Yearly and Yearly) options under both regular plan and direct plan. The scheme shall invest 55%-90% of assets in fixed income securities, up to 20% in money market instruments & cash equivalents with low to medium risk profile and invest 10-45% in equity and equity related instruments with high 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. 

Entry load: Nil 

Exit load: Not applicable. 

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

The scheme will be managed by Siddharth Chaudhary & Shiv Chanani. 
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