The fund house has an filed offer document with SEBI to launch a five year close-ended Micro Cap Fund- Series I
Mumbai: Sundaram Mutual Fund has today filed an offer document with SEBI a five year close-ended fund called Sundaram Select Micro Cap-Series I Fund.
The fund will be managed by S Krishnakumar (Equity) and Dwijendra Srivastava (Fixed Income). The fund will be benchmarked against BSE Small Cap Index.
The scheme will have growth and dividend payout options. Investors have to invest a minimum of Rs. 5,000 under this scheme.
The focus of this scheme is to provide investors a reasonably diversified portfolio of microcap stocks. The fund will invest in stocks with market cap equal to or lower than that of the 301st stock by market cap on the NSE.
