Sundaram Mutual Fund has unveiled a new fund named as Sundaram Equity Fund, an open ended scheme investing across large cap, mid cap, small cap stocks. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue is open for subscription from 16 August 2019 and closes subscription on 30 August 2019.
The scheme shall offer two options i.e. growth and dividend option under both regular and direct plan. Dividend has dividend re-investment, dividend payout and dividend sweep facility.
The scheme shall invest 65% - 100% of asset in equity & equity related securities across market capitalisation with medium to high risk profile and invest upto 35% of asset in fixed income and money market Instruments / Cash & Cash equivalents with low to medium risk profile.
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