MASTER MIND FINNASSET: Sundaram Long Term Tax Advantage Fund -Series II Floats On

Tuesday, November 03, 2015

Sundaram Long Term Tax Advantage Fund -Series II Floats On

NFO period is from 03 November 2015 to 15 March 2016

Sundaram Mutual Fund has launched a new fund named as Sundaram Long Term Tax Advantage Fund -Series II, a 10 year close ended equity linked savings scheme. The duration of the scheme is 10 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 will be open for subscription from 03 November 2015 and closes on 15 March 2016.

The investment objective of the Scheme is to generate capital appreciation over a period of ten years by investing predominantly in equity and equity-related instruments of companies along with income tax benefit.

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

The scheme will allocate 80%-100% of assets in equity & equity related securities with high risk profile and invest upto 20% of assets in fixed income and money market securities with low to medium risk profile.

The minimum application amount is Rs 500 and in multiples of Rs 500 thereafter.

The fund seeks to collect a minimum subscription amount of Rs 10 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 S&P BSE 500 Index.

The scheme will be managed by S. Krishnakumar & Dwjendra Srivastava.

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