Sundaram MF launches Sundaram Select Micro Cap - Series I

Sundaram Mutual Fund has launched a new five-year closed-end equity scheme as Sundaram Select Micro Cap - Series I, which aims to invest predominantly, between 65-100 percent, in equity or equity-related instruments of companies that can be termed as micro-caps.

The scheme has no entry load and the units of the scheme will be listed on the National Stock Exchange (NSE) within five business days from the date of allotment.

The New Fund Offer (NFO), opened for the subscription on December 16, 2013 and closes onDecember 30, 2013.

Mr. Harsha Viji, Managing Director, Sundaram Mutual, said, “We believe there are opportunities to invest in all market conditions and Sundaram Mutual is known for unearthing these opportunities. Sundaram Select Micro Cap is timed perfectly. There is deep value hidden, in India, amongst small and micro cap space and with our research based approach we are ideally positioned to unearth these stocks for our investors. Sundaram Select Micro Cap is intended as a wealth building tool for investors.”