Sundaram Mutual Fund files offers document for Flexi Cap Fund
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Sundaram Mutual Fund has filed offer document with SEBI to launch open ended dynamic equity scheme named ‘Sundaram Flexi Cap Fund'. The New Fund Offer price is Rs 10. Entry load will be nil and Exit load Nil - If up to 25% of the units are redeemed, withdrawn by way of SWP or transferred by way of STP within 365 days from the date of allotment; If more than 25% of the units are redeemed, withdrawn by way of SWP or transferred by way of STP within 365 days from the date of allotment - Exit load of 1% of the applicable NAV will be charged; for redemption or transfer by way of STP or withdrawal by way of SWP after 365 days from the date of allotment Nil; Further, exit load will be waived on Intra-scheme and Inter scheme Switch-outs. The Scheme offers growth option for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.
The performance of the scheme will be benchmarked with Solactive Metaverse Theme Index. The minimum application amount is Rs 100 and in multiples of Re1 thereafter.
The investment objective of the scheme is to generate capital appreciation by dynamically investing in a mix of equity and equity related instruments across market capitalization
