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Feb 19, 2011, 03.59 PM IST
Sundaram Mutual Fund launches Sundaram Capital Protection Oriented Fund Series 2 – 5 Years, a close ended capital protection oriented scheme with the objective to seek income and minimise risk of capital loss by investing in a portfolio of fixed income securities.
The tenure of the scheme is 5 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. The new fund offer opens on February 15, 2011 and closes on February 28, 2011. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. (Check out - Mutual Fund New Fund Listings) The scheme offers growth and dividend payout option. The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter. Entry / Exit load nil. 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 70% to 100% of assets in fixed income securities including money market instruments with low to medium risk profile and upto 30% of assets in equity and equity related securities with high risk profile. Exposure to derivatives will be limited to 50% of the net asset. Benchmark Index for the scheme is CRISIL MIP Blended Index. The fund manager for the scheme will be Dwijendra Srivastava for Debt portion and S. Krishnakumar for Equity portion. For more Mutual Fund News click here
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