The open-ended debt scheme will invest its entire corpus in money market instruments
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 IndexNot sure which mutual funds to buy? Download moneycontrol transact app to get personalised investment recommendations.