The scheme will invest 65 per cent in equity and up to 35 per cent in gold ETFs which have a sizeable AUM
Mumbai: Sundaram Mutual Fund today announced the launch of its open-ended equity scheme blended with gold called Sundaram Equity Plus.
NFO Date: 04 May 2011 to 16 May 2011
Distribution Strategy: The fund will be distributed through its IFAs, national distributors and banks.
The fund house is advertising the fund through print and radio. It will release a television commercial soon.
Empanelled IFAs: Total: 33,000 – Active: 12,000
Investor need it seeks to fulfill: The fund is targeted towards retail investors looking for safety of investments with a risk appetite.
Target Collection: The fund aims to collect Rs 100 crore.
Fund Manager: Srividhya Rajesh
Expenses/Exit Load: 2.50 per cent with an exit load of 1 per cent if redeemed before one year
Application Amount: Rs 5,000
