Sundaram Mutual Fund has filed offer document with
SEBI to launch a Closed-End Income Scheme as ‘Sundaram Hybrid
Fund-Series-M-O’. The New Fund Offer price is Rs 10 per unit.
Entry
and exit load charges will be nil for the scheme. The scheme offers
growth and dividend option and seeks to collect a Minimum Target Amount
of Rs 20 crore.
The scheme will be benchmarked
against scheme CRISIL MIP Blended Index. The minimum application amount
is Rs 5,000 and in multiples of Rs 10 thereafter per application.
The
investment objective of the scheme is to generate capital appreciation
and current income through a judicious mix of investments in equities
and fixed income securities
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