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    HomeNewsBusinessMutual FundsSundaram MF seeks SEBI nod for money market fund

    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
    May 07, 2018 / 20:03 IST

    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

    Himadri Buch
    Himadri Buch
    first published: May 7, 2018 08:03 pm

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