Sundaram Mutual Fund has launched the New Fund Offer (NFO) of Sundaram Top 100 Series I (3 years), a close ended income scheme. The NFO opens for subscription on May 05, 2014 and closes on May 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 CNX 100 and its fund manager is J Venkatesan.
The investment objective of the scheme is to generate capital appreciation from a portfolio that is substantially constituted of equity securities specified as eligible securities for Rajiv Gandhi Equity Savings Scheme, 2012. The Scheme may also invest a certain portion of its corpus in cash & cash equivalent and money market instruments from time to time.
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