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Sundaram Mutual Fund raised Rs.1679 crore during the NFO of Sundaram Flexi Cap Fund.
Sundaram Flexi Cap is an open-ended equity scheme which will invest across market capitalization large, mid and small cap stocks.
In a press release, Sunil Subramaniam, MD, Sundaram MF said, “The support of more than 5800 distribution partners and the faith reposed by 70,000 + investors have far exceeded our expectations. It is now our turn to exceed their expectations. The fund will aim to live up to its tagline of optimizing opportunities by seeking to manage the risk-reward trade-off in the investors’ favour and deliver appropriate wealth creation over the medium term.”
Sudhir Kedia - Fund Manager – Equity and Ravi Gopalakrishnan, CIO – Equity will manage the scheme.
