Mumbai: Sundaram Mutual Fund has launched
a close ended Sundaram Capital Protection Oriented Fund Series 2 year (Series 1). The
tenure of the scheme will be two years from the date of allotment.
The investment objective of the
scheme is to earn income and minimize risk of capital loss by investing in a
portfolio of fixed income securities. The scheme may invest a part of the
assets in equity to seek capital appreciation. It would allocate 90 to
100 per cent of assets in fixed income securities including money market instruments with low
to medium risk profile. It would further allocate up to 10 per cent of assets
in equity and equity related securities with high risk profile. Exposure to
derivatives will be limited to 50 per cent of the net asset.
The minimum application amount
will be Rs 5,000 and the scheme will not charge any entry or exit load. The
scheme will be jointly managed by Dwijendra Srivastava (Debt) and Srividhya
Rajesh (Equity). It will be benchmarked against CRISIL MIP Blended Index.
