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Sundaram Alternates has launched its debt PMS F.I.R.S.T.
‘F.I.R.S.T’ stands for Fixed Income Rated Short Term Strategy, which aims to deliver a gross yield of 300-400 bps higher than traditional FD rates.
The PMS will invest in rated and listed debt instruments to focus on regular income.
In a press release, Vikaas M Sachdeva, Managing Director of Sundaram Alternate Assets, said, "Sundaram F.I.R.S.T combines the reliability of a fixed deposit plus (FD+) product with the flexibility to customize portfolios based on the risk-return appetites of our discerning customers. It aims to deliver a diversified, rated and listed portfolio that enhances stability and liquidity, while targeting attractive risk-adjusted returns and prioritizing capital preservation. The PMS fills a crucial gap in the asset allocation landscape by offering high-yield returns compared to conventional debt products, presenting a compelling alternative tailored to meet investor needs."
The debt PMS will be suitable for investors with a low to moderate risk appetite, expecting moderate returns over a long-term horizon. It aims to build a stable, income-generating portfolio of fixed-income bonds rated between AAA to BBB, ensuring reasonable liquidity, said Sundaram Alternates.