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Sundaram Mutual has collected Rs.1890 crore from the NFO of its Sundaram Multi-Asset Allocation Fund.
Over 83,500 investors invested in the during the NFO which closed on Jan 19, 2024.
In a press release, Sunil Subramaniam, MD, Sundaram Mutual said, “The fund's introduction in the market has been met with widespread enthusiasm, attracting a diverse group of investors seeking a comprehensive and dynamic investment strategy to navigate today’s financial landscape. I’d like to thank investors and partners for their humbling response and their trust in us. We remain committed to delivering innovative and effective investment solutions that align with your goals."
The fund will be managed by S. Bharath - Senior Fund Manager (Equity) & Head – Research, Rohit Seksaria – Fund Manager (Equity), Dwijendra Srivastava - CIO (Fixed Income) & Sandeep Agarwal - Head (Fixed Income) and Retail Business, and Arjun Nagarajan - Commodities Fund Manager, Chief Economist & Communications Manager – Investments.
