Saturday, 6 January 2018

Sundaram MF seeks SEBI nod for close-ended equity fund


Sundaram Mutual Fund has looked for the Securities and Exchange Board of India's endorsement to dispatch close-finished value finance, Sundaram Emerging Small Cap Fund-Series II-IV, as indicated by the draft offer report on SEBI's site.
The arrangement will contain residency of 3-5 years. According to draft offer archive, the plan will send no less than 65 percent of its corpus in value and value related securities of little top organizations. The store additionally has the arrangement to put up to 35 percent in other value securities including subsidiaries.

Interests in settled wage and currency advertise instruments will be confined to 35 percent.

Other features:
Plans: Regular and Direct
Options: Growth and dividend
Minimum investment: Rs 5,000 and in multiples of Rs 10 thereafter
Load: Nil
Performance benchmark: S&P BSE Small Cap Index.


Fund Managers: S Krishnakumar & Dwijendra Srivastava
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