Sundaram MF introduces Fixed Term Plan -GE (366 Days)

Sundaram Mutual Fund has launched the New Fund Offer (NFO) of Sundaram Fixed Term Plan -GE (366 Days), a close ended income scheme. The NFO opens for subscription on Apr 22, 2014 and closes on Apr 23, 2014. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000. The scheme’s performance will be benchmarked against CRISIL Short Term Bond Fund Index and its fund manager is Sandeep Agarwal. 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.