Sundaram Mutual Fund files offer document for its Sundaram Hybrid Fund Series M-O

Sundaram Mutual Fund files offer document for its Sundaram Hybrid Fund Series M-O

Sundaram Mutual Fund has filed a draft offer document with SEBI for its close ended income scheme called - Sundaram Hybrid Fund Series M to O.

The scheme aims to generate capital appreciation and current income through a mix of investments in equities and fixed income securities. The scheme will invest 65%-90% in fixed income securities, 10%-35% in equity and equity related instruments and up to 30% in money market instruments and cash equivalents.

The benchmark of the scheme is CRISIL MIP Blended Index. The fund will be co-managed by Siddharth Chaudhary and Shiv Chanani.