Sundaram MF has enabled SIPs in its open-ended liquid scheme, Sundaram Money Fund. The fund house had also launched the instant redemption facility in this fund earlier this year.
SIPs are available in the growth option for both regular and direct plans of the fund starting from November 13, 2020. The minimum SIP amount is Rs.1,000.
In a press release, Sunil Subramaniam, MD, Sundaram MF said, “Savings and current accounts are often used to park surplus funds for unplanned expenses but liquid funds score over them as they can give you potentially higher returns due to ‘disintermediation’ and ‘friendlier capital gains taxation’.”
Dwijendra Srivastava, CIO - Debt and Siddharth Chaudhary, Senior Fund Manager, Fixed Income co-manage the fund.
Meta tags: sundaram mf, sip mode, money fund, cafemutual
Sundaram MF enables SIP in Sundaram Money Fund
SIP facility will be available in the growth option for both regular and direct plans of the fund from November 13, 2020.
Sundaram MF has enabled SIPs in its open-ended liquid scheme, Sundaram Money Fund. The fund house had also launched the instant redemption facility in this fund earlier this year.
SIPs are available in the growth option for both regular and direct plans of the fund starting from November 13, 2020. The minimum SIP amount is Rs.1,000.
In a press release, Sunil Subramaniam, MD, Sundaram MF said, “Savings and current accounts are often used to park surplus funds for unplanned expenses but liquid funds score over them as they can give you potentially higher returns due to ‘disintermediation’ and ‘friendlier capital gains taxation’.”
Dwijendra Srivastava, CIO - Debt and Siddharth Chaudhary, Senior Fund Manager, Fixed Income co-manage the fund.
Meta tags: sundaram mf, sip mode, money fund, cafemutual
