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Sundaram Mutual Fund has launched Sundaram Capital Protection Oriented Fund 2 Years (Series 1), a close ended capital protection oriented scheme. The objective of this scheme would be to seek income and minimise 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.
The tenure of the scheme is 2 years from the date of allotment of units with capital protection at maturity. The scheme’s portfolio structure has been rated as AAA (so) by CRISIL which indicates highest degree of certainty regarding payment of face value of the investment to unit holders.(View – New Fund Offers open NOW)
The New Fund Offer (NFO) is open for subscription from June 10, and closes on June 24, 2011. The New Fund Offer price for the scheme is Rs 10 per unit.
The objective of this scheme would be to seek income and minimise 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.
The scheme offers growth and dividend payout option.
The minimum application amount is Rs 5000 and in multiples of Rs 1 thereafter.
Entry and exit load charge will be nil for the scheme. In order to provide the liquidity to the investors, the units of the schemes are proposed to be listed on the NSE within 5 business days from the date of allotment.
The scheme will allocate 90% to 100% of assets in fixed income securities including money market instruments and upto 10% of assets in equity and equity related instruments. Exposure to derivatives will be limited to 50% of the net asset.
The benchmark Index for the scheme is CRISIL MIP Blended Index.
The scheme will be managed by Dwijendra Srivastava (Debt portion) and Srividhya Rajesh (Equity portion).
The scheme will be managed by Dwijendra Srivastava (Debt portion) and Srividhya Rajesh (Equity portion).
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