Sundaram mutual fund has filed a draft offer
documents with SEBI to launch its close ended Capital Protection Oriented Fund
3 Years (Series 11-12).The objective of
the scheme is to seek income and risk minimization by investing in a portfolio
of fixed income securities. The scheme may invest a part of the assets in
equity to seek capital appreciation.
The scheme’s portfolio has been rated as AAA by CRISIL. The fund will be mature in 3 years from the date of allotment. The minimum subscription amount is Rs 5000. No exit load will be charged in the scheme. The benchmark of the fund will be CRISIL MIP Blended Index. The fund will be co-managed by Siddharth Chaudhary (debt), Srividhya Rajesh (equity) and Shiv Chanani (equity).
