Sundaram Mutual Fund has filed an offer document with the Securities and Exchange Board of India (SEBI) seeking approval to launch a three-year close-ended scheme (Sundaram Top 100 Fund-Series VIII and IX), according to information on the regulator’s website.
The fund will deploy at least 95 percent of its assets in the investment universe of companies specified under Rajiv Gandhi Equity Savings Scheme (RGESS), while the balance 5 percent will be invested in debt and money market instruments.
Other features:
Options - Growth and dividend
Plans - Regular and direct;
Entry load - Nil
Exit load - Nil
Minimum application - Rs 5,000 and in multiples of Rs 10 thereafter
Benchmark index - Nifty 100
Fund Manager - Rahul Baijal
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