Sundaram Mutual Fund has launched Sundaram Bluechip Fund, an open-ended equity scheme that will predominantly invest in large cap bluechip stocks.
The scheme will invest in a diversified large cap portfolio of 45-50 growth and value stocks without any sectoral bias. The fund will invest up to 20% of assets in midcaps.
Commenting on the launch of the new fund, Sunil Subramaniam, MD, Sundaram MF said, “The challenging economic circumstances caused by the covid pandemic has heightened the importance of reducing the volatility in an equity investor’s portfolio without giving up the prospect of inflation beating returns. Our offering is ideally suited to meet this requirement. Long-term growth prospects for India look quite positive in the context of our demographic dividend and the business opportunities from an ageing China. Further, foreign institutional investors are expected to continue investing in our markets thus imparting stability to the large cap space.”
The fund house has created a wide range of digital enablers to help distribution partners mobilize investments in a completely paperless manner. Ajit Narasimhan, CMO, Sundaram MF said, “Transactions can be initiated by distributors through our distributor initiated platforms (DIT) and executed upon investor authorization. Investments can also be made via our website through a very simple straight through process. In addition, we have now launched a paperless eNACH (electronic mandate) feature to enable investors to seamlessly set up SIPs online.”
