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Last Updated : May 07, 2018 08:03 PM IST | Source: Moneycontrol.com

Sundaram MF seeks SEBI nod for money market fund

The open-ended debt scheme will invest its entire corpus in money market instruments

Himadri Buch @himadribuch

Sundaram Mutual Fund has sought the Securities and Exchange Board of India's approval for launching Sundaram Money Market Fund, according to the draft offer document on SEBI.

The open-ended debt scheme will invest its entire corpus in money market instruments.

Other features:
> Risk: Moderately low
> Plans: Regular and direct
> Options: Growth and dividend
> Minimum application: Rs 1,000 and in multiples of Rs 10 thereafter
> Exit Load: Nil
> Fund managers: Siddharth Chaudhary and Sandeep Agarwal> Performance benchmark: CRISIL Money Market Index
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First Published on May 7, 2018 08:03 pm
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