Sundaram Mutual Fund has announced the New Fund Offer (NFO) Sundaram Fixed Term Plan - CT, a close ended income scheme.
The NFO opens for subscription on May 8, 2011 and closes on May 15, 2011. The duration of the scheme is 367 days from the date of allotment of units. No entry and exit load charges is applicable for the scheme. The scheme offers dividend payout and growth option.
Benchmark Index for the scheme is CRISIL Short Term Bond Fund Index. The minimum application amount is Rs 5000 and in multiples of Rs 1 thereafter. The fund manager for the scheme will be Dwijendra Srivastava.
The investment objective of the scheme is to generate income with minimum volatility by investing in debt and money market securities, which mature on or before the maturity of the scheme.
