Sundaram MF introduces Multi Asset Allocation Fund
Sundaram Mutual Fund (MF) has launched Sundaram Multi Asset Allocation Fund, an open-ended Scheme investing in Equity, Debt & Money Market Instruments and Gold ETFs. The NFO opens for subscription on January 05, 2024 and closes on January 19, 2024. The Entry load is nil for the scheme. No Exit Load is payable - If up to 30% of the units invested are redeemed, withdrawn by way of SWP within 365 days from the date of allotment & Exit load of 1% of the applicable NAV will be charged - If more than 30% of the units are redeemed, withdrawn by way of SWP within 365 days from the date of allotment. There is no Exit load - For redemption or withdrawal by way of SWP after 365 days from the date of allotment. The minimum subscription amount is Rs 100 and multiples of Re 1 thereafter.
The performance of the scheme will be benchmarked against NIFTY 500 TRI (65%) + NIFTY Short Duration Debt Index (10%) + Domestic Prices of Gold (25%) and its fund managers are Rohit Seksaria & S Bharath (Equity), Dwijendra Srivastava & Sandeep Agarwal (Fixed Income) and Arjun Nagarajan (Gold ETFs).
The investment objective of the scheme is to generate long term capital appreciation by investing in Equity & Equity related Securities, Debt & Money Market Instruments and Gold ETFs.
